#1
Which of the following is NOT a type of property ownership?
Conditional estate
ExplanationA conditional estate does not represent a form of property ownership.
#2
What does 'easement' mean in real property law?
A legal right to use another person's land for a specific purpose
ExplanationAn easement grants legal access to use another's property for a defined purpose.
#3
What is the difference between 'real property' and 'personal property'?
Real property refers to land and anything attached to it, while personal property refers to movable possessions.
ExplanationReal property encompasses land and its attachments, while personal property includes movable belongings.
#4
What is a 'deed' in real estate?
A legal document transferring ownership of real property from one party to another
ExplanationA deed is a legal instrument transferring real property ownership from one entity to another.
#5
What does 'fixture' mean in real estate?
An item that was once personal property but has been attached to real property in a way that it is considered part of the real property
ExplanationA fixture refers to an object initially personal property but affixed to real property, becoming part of it.
#6
What is the primary difference between joint tenancy and tenancy in common?
Tenancy in common allows for unequal shares among owners.
ExplanationUnlike joint tenancy, tenancy in common permits unequal ownership shares.
#7
What does 'adverse possession' refer to in real property law?
A process by which someone gains legal title to land by using it continuously without permission
ExplanationAdverse possession grants legal ownership through continuous unauthorized use.
#8
In real property, what is 'encroachment'?
An unauthorized intrusion onto another's property
ExplanationEncroachment involves unauthorized encroaching onto someone else's property.
#9
What is 'quiet title' action used for in real property law?
To remove clouds on a property's title and establish clear ownership
ExplanationQuiet title action resolves title uncertainties, establishing clear ownership.
#10
What does 'eminent domain' allow the government to do?
To take private property for public use with just compensation
ExplanationEminent domain grants governments the authority to acquire private property for public use, compensating the owner fairly.
#11
What is 'zoning' in real property law?
A legal restriction on the use of property imposed by the government
ExplanationZoning refers to governmental regulations limiting property usage.
#12
What does the 'bundle of rights' concept refer to in real property ownership?
The various legal rights associated with owning real property, such as the right to use, sell, or lease
ExplanationThe bundle of rights encompasses the privileges of property ownership, including usage, sale, and leasing.
#13
Which legal doctrine states that the first person to use or possess land is its rightful owner?
Doctrine of first possession
ExplanationThe doctrine of first possession asserts ownership based on initial use or possession.
#14
What does 'fee simple defeasible' mean in property ownership?
A type of property ownership that can be lost if certain conditions aren't met
ExplanationFee simple defeasible denotes ownership subject to specific conditions, which if breached, can lead to loss of ownership.
#15
What is 'tenancy by the entirety'?
A form of joint ownership recognized in some states for married couples
ExplanationTenancy by the entirety is a joint ownership form exclusive to married couples in some jurisdictions.
#16
What is a 'title search' in real estate?
A search of public records to verify a property's ownership history and uncover any encumbrances
ExplanationA title search examines public records to confirm property ownership and detect any burdens or claims.
#17
What is 'easement by prescription'?
An easement obtained through continuous use of another's land over a specified period
ExplanationEasement by prescription grants usage rights through continuous land use over a defined duration.