National Real Estate Exam Vocab

EXAM ELABORATIONS Sep 2, 2025
Loading...

Loading document viewer...

Page 0 of 0

Document Text

1

National Real Estate Exam Vocab | Latest Version | 2025/2026 | Correct & Verified

What is the legal right to use someone else's land for a specific purpose called?✔✔Easement

What is the process of increasing land area by the natural deposit of soil called?✔✔Accretion

What is the opposite of accretion, where land is lost due to water or natural causes?✔✔Erosion

What is the sudden and violent loss of land called, usually due to water?✔✔Avulsion

What is the government power to take private land for public use with compensation?✔✔Eminent domain

  • / 4

2

What is the legal process of taking land under eminent domain called?✔✔Condemnation

What is the term for land and everything permanently attached to it?✔✔Real estate

What is a fixture in real estate?✔✔An item that was personal property but is now permanently attached to real property

What is personal property also known as in real estate?✔✔Chattel

What is the document that transfers ownership of real property?✔✔Deed

What is the document that transfers ownership of personal property?✔✔Bill of sale

  • / 4

3

What is the right to use water from a river or stream that flows through or near property called?✔✔Riparian rights

What are underground water rights called in real estate?✔✔Subsurface rights

What are the rights to control, occupy, and use the air above a property called?✔✔Air rights

What is a freehold estate that is inheritable and lasts indefinitely?✔✔Fee simple absolute

What is a type of ownership that exists only for the lifetime of a person?✔✔Life estate

What is the future interest held by the grantor after a life estate ends?✔✔Reversion

  • / 4

4

What is the future interest held by a third party after a life estate ends?✔✔Remainder

What is an interest in land that gives someone the right to possess property for a limited time?✔✔Leasehold estate

What is a lien?✔✔A legal claim on a property to secure payment of a debt

What is a voluntary lien created by a borrower when taking out a mortgage?✔✔Mortgage lien

What is an involuntary lien for unpaid property taxes?✔✔Tax lien

What is a general lien that applies to all property of a debtor?✔✔Judgment lien

  • / 4

Download Document

Buy This Document

$30.00 One-time purchase
Buy Now
  • Full access to this document
  • Download anytime
  • No expiration

Document Information

Category: EXAM ELABORATIONS
Added: Sep 2, 2025
Description:

National Real Estate Exam Vocab | Latest Version | | Correct & Verified What is the legal right to use someone else's land for a specific purpose called? ✔✔Easement What is the process of incre...

Get this document $30.00