Exam 34: Real Property

An item of personal property may be attached to or used in conjunction with real property in such a way that it ceases being personal property and instead becomes part of the real property. This type of property is called a debenture.

Ivan owned a house in Florida. He died without making a valid will, and therefore, the property passed to his son, Mario. The method by which Mario acquired the property is called acquisition by _____.

Inverse condemnation occurs when:

Kent University does not have enough parking space to accommodate the vehicles of all of its students, staff, and faculty. Cesario owns a sizable plot of land just north of the campus and has given many students oral permission to park on his land. Which of the following statements is true in this case?

A close physical connection between an item of personal property and certain real property may enable a court to conclude that the item is constructively annexed and therefore a fixture.

Explain what a joint tenancy is.

A special warranty deed:

George owns three adjacent town houses in an upscale neighborhood. He sells one to Bernardo but gets him to promise to never sell the property to a woman or a poor person. This restriction is built into the deed George gives to Bernardo, along with a statement that the property is to revert to George if this promise is broken. Which of the following statements is true in this case?

Under condominium ownership, a purchaser takes title to his or her individual unit and becomes a _____ with other unit owners in shared facilities.

Which of the following is an example of community property?

Which of the following statements is true of the transfer of a property by sale?

Under an open listing contract, the broker _____.

Which of the following is an affirmative easement?

Real estate brokers are regulated by state, not federal, law.

Darius has the right to prevent his neighbor from erecting a building on his property that would block light and air from Darius's home. This is an example of a(n) _____.

Discuss the difference between an affirmative easement and a negative easement.

Which of the following statements is true of a life estate?

For a gift of ownership of real property to be valid, the donor must:

Adella executed a deed and put it under her mattress along with a note directing that the deed is to be delivered to her cousin, Faro, upon her death. What will be the result of such an act?

The Real Estate Settlement Procedures Act (RESPA):