Superior School of Real Estate Exam Problem Areas 2024 Complete tenements - Correct Answer all of the rights and interests that go with the land hereditaments - Correct Answer land and all of the tenements that can be inherited appurtenance - Correct Answer a right interest of privilege that goes with the land (item in the bundle) accretion - Correct Answer a gradual process in which the boundary of riparian land is extended by natural forces reliction - Correct Answer the permanent receding of the water which leaves the ground under it dry and exposed erosion - Correct Answer a natural process in which the flow or movement of water gradually produces a loss of riparian land avulsion - Correct Answer a rapid or sudden change in riparian land, either loss or gain, resulting from violent natural causes eminent domain - Correct Answer the government's power to take private property for public use by paying the owner fair and just compensation condemnation - Correct Answer the taking of property under the power of eminent domain police power - Correct Answer the power a government has to enable it to fulfill its responsibility to provide for the health, safety, and welfare of the public fee simple absolute - Correct Answer provides the greatest form of ownership available in real property 1 / 3
fee simple determinable - Correct Answer inheritable freehold estate in the form of a fee simple estate, however the title can be terminated by the grantor under certain conditions pur autre vie - Correct Answer measured by the lifetime of another person other than the person receiving the title life estate - Correct Answer noninheritable freehold estate created only for the life of the named life tenant (one who holds a life estate) alienation - Correct Answer the right that a life tenant has to transfer his/her title to another person or pledge the title as security for a debt estate for years - Correct Answer a nonfreehold estate for any fixed period of time and automatically terminates at the end of that period estate from year to year - Correct Answer a periodic nonfreehold estate that automatically renews at the end of its period if the parties do not provide otherwise estate at will - Correct Answer a nonfreehold estate for an indefinite time and may be terminated by either party instantaneously by giving notice to the other party estate at sufferance - Correct Answer not truly a nonfreehold estate, but rather a holdover situation created when the tenant's lease has expired and she fails to vacate the premises tenancy in common - Correct Answer two more more persons holding title to a property at the same time with no right of survivorship joint tenancy - Correct Answer exists where there are four fundamental unities: time, title, interest, and possession survivorship - Correct Answer the surviving partners automatically take over the share of a deceased partner 2 / 3
tenancy by the entirety - Correct Answer limited to husband and wife, must have a legal marriage, terminated by death, divorce, agreement by the parties, but NOT separation. Right of survivorship.cooperative (co-op) - Correct Answer ownership of shares of stock in a corporation that owns a building containing cooperative apartments. Proprietary lease. Tenants hold stock.encumbrance - Correct Answer anything that diminishes the bundle of rights of real property (liens, easements, encroachments, land use controls, zoning ordinances, deed restrictions) specific liens - Correct Answer claims against a particular property (i.e., mortgage, real property tax, special assessments, mechanic's liens) general liens - Correct Answer claims against all assets of a person (i.e., judgment, personal property tax, income tax, estate and inheritance tax) mechanic's liens - Correct Answer retroactive to the FIRST day the contractor, subcontractor, or supplier began work or provided labor or materials to the property. The lien holder has up to 180 days after the last labor or materials were furnished to take court action to enforce the lien, provided the lien holder filed the lien within the 120-day filing period priority of liens - Correct Answer based on the pure race system (with the exception of real property taxes and mechanic's liens, and foreclosures) appurtenant easement - Correct Answer a right of use in the adjoining land of another that moves with the title to the property benefiting from the easement easement in gross - Correct Answer not dependent upon ownership of an adjoining property (most prevalent are commercial easements held by utility companies for gas lines, phone lines, etc.) essential elements of a deed - Correct Answer must be in writing, grantor must be legally competent, property description, words of conveyance, execution, delivery, and acceptance
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