#1
What is the term for the transfer of property by will or inheritance?
Conveyance
Devise
Alienation
Escheat
#2
What is the primary purpose of a property deed?
To establish property taxes
To transfer ownership of real property
To assess the property's value
To record property history
#3
What is the difference between personal property and real property?
Personal property is immovable, while real property is movable.
Personal property is tangible, while real property is intangible.
Personal property is movable, while real property is immovable.
Personal property is intangible, while real property is tangible.
#4
What does the acronym 'HOA' stand for in real estate?
Homeowner's Advisory Association
House Ownership Agreement
Home Occupation Allowance
Homeowner's Association
#5
In real estate, what does the acronym 'MLS' commonly stand for?
Maximum Land Size
Multiple Listing Service
Municipal Land Survey
Master Lease Agreement
#6
Which of the following is a type of easement that allows someone to walk across another person's property?
Fee simple absolute
Easement by necessity
Easement in gross
Easement by prescription
#7
In real estate, what does 'encumbrance' refer to?
A type of ownership
A claim or liability on a property
The process of land surveying
A form of land lease
#8
What does the 'bundle of rights' concept in real property ownership refer to?
A package of legal rights associated with owning real property
A form of land lease
A type of co-ownership
A method of property valuation
#9
In real property law, what does 'title insurance' protect against?
Natural disasters
Market fluctuations
Encumbrances and defects in the property title
Property taxes
#10
In a lease agreement, what is the difference between 'gross lease' and 'net lease'?
The presence or absence of tenant improvements
The amount of rent paid by the tenant
Whether operating expenses are included in the rent
The length of the lease term
#11
Which type of co-ownership provides the right of survivorship?
Tenancy in common
Joint tenancy
Community property
Sole ownership
#12
What is adverse possession in real property law?
A legal process to obtain a property title through inheritance
A type of property tax assessment
Acquiring ownership by openly occupying and using another's land for a specified period
A method of property transfer through a court-ordered sale
#13
What is a 'lis pendens' notice in real estate?
A public notice indicating pending litigation affecting a property's title
A type of property tax assessment
A notice of property foreclosure
A formal offer to purchase real estate
#14
What is the significance of the 'doctrine of laches' in property law?
It refers to the requirement of immediate legal action in property disputes.
It prevents unreasonable delays in enforcing property rights.
It dictates the minimum size for a legal property lot.
It determines the validity of property easements.
#15
What is the 'doctrine of eminent domain' in real property law?
The right of a government to take private property for public use with just compensation
A legal principle preventing government interference in property rights
The obligation of property owners to maintain public spaces
The restriction on property development in certain zones