Exam 25: Land Use Regulation and Real Property

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________ are an example of real property.

(Multiple Choice)
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Recording a deed gives constructive notice to the world of the owner's interest in the property.

(True/False)
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Plant life and vegetation growing on the surface of land are considered to be ________.

(Multiple Choice)
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Which of the following is true of tenancy at sufferance?

(Multiple Choice)
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Which of the following is the implied default title conveyed in a sale of real estate?

(Multiple Choice)
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A(n)________ deed contains the greatest number of warranties and provides the highest level of protection to a grantee.

(Short Answer)
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Explain the role of recording statutes in real property contracts.

(Essay)
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The person who is given a life estate is called the life tenant.

(True/False)
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A(n)________ is a document that grants a person the right to enter upon another's property for a specified and usually short period of time.

(Multiple Choice)
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Ms. Rogers owns a property adjoining the property owned by Mr. Cartworth. Since her house lies behind that of Mr. Cartworth's, Ms. Rogers' driveway passes through his property. -Which of the following would be true if Mr. Cartworth were to sell his property?

(Multiple Choice)
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What is a profit-à-prendre?

(Multiple Choice)
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A situation created when the owner of one piece of land is given an easement over an adjacent piece of land is called a(n)________.

(Multiple Choice)
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In a special warranty deed, the seller is liable for defects in title that existed before the seller obtained the property.

(True/False)
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Jonas is a successful investment banker who earns $400,000 income per year. Jonas marries Penny, a nurse at a county hospital. At the time of their marriage, Jonas owns $1 million of real estate and $1.5 million in securities, while Penny has no personal savings or property. After four years, Jonas and Penny opt for a divorce. Over the four years of their marriage Jonas has made $400,000 for the first two years and $500,000 for the remaining two. Penny has made $25,000 in the first three years, and $150,000 in the final year of their marriage. Their living expenses were $130,000 per year, and they have $1,450,000 of earned income saved in a bank account. During the marriage, Jonas's real estate has increased in value to $1.5 million, and his securities have increased in value to $3 million. -If they filed for divorce in a state that recognizes community property, what would be the separate property owned by Jonas at the end of their marriage?

(Multiple Choice)
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The Americans with Disabilities Act applies only to places of accommodation operated by public entities.

(True/False)
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Any lease for a stated period irrespective of its duration is called periodic tenancy.

(True/False)
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What is a servient estate?

(Multiple Choice)
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If a party to a tenancy in common sells his or her interest in the property, the tenancy in common becomes a tenancy by entirety.

(True/False)
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Which of the following legislations collectively prevents all the "protected classes" from discrimination in accommodation?

(Multiple Choice)
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________ deeds are most often used when property is transferred between relatives by gift or otherwise, and least between a buyer and seller.

(Short Answer)
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