15 free questions from the Cinna RE property ownership bank (104 in the app). Tap an answer to check it. The rationale opens right away.
After a life estate ends and the property passes to the remainderman, what type of estate does the remainderman typically receive if no further conditions are attached?
Answer: B. A fee simple absolute
When a life estate terminates, the remainderman commonly takes the property in fee simple absolute, assuming the deed conveyed the remainder without further limitations.
Common-interest ownership communities such as condominiums and PUDs are typically governed and maintained by which body, funded through regular assessments?
Answer: B. A homeowners or owners' association (HOA)
An owners' association (HOA) manages the common-interest community, enforces the CC&Rs, and levies assessments on owners to maintain shared areas and pay common expenses.
In a tenancy by the entirety, what can one spouse do with their interest in the property without the consent of the other spouse?
Answer: C. Neither convey nor encumber the property without the other's consent
A hallmark of tenancy by the entirety is that neither spouse can convey, mortgage, or partition the property alone; both must act together because they hold as one legal entity.
A common element in a condominium that is reserved for the exclusive use of one unit owner (such as an assigned parking space or balcony) is called a:
Answer: B. Limited common element
A limited common element is part of the common area but its use is restricted to one or more specific units (e.g., a balcony or assigned parking), as opposed to general common elements shared by all.
A joint tenant sells their interest in the property to an outside buyer while the other two joint tenants remain. What is the result?
Answer: B. The buyer becomes a tenant in common with the remaining two, who stay joint tenants with each other
A joint tenant may sell their share. The new owner takes as a tenant in common (no unity of time/title with the others), while the remaining original joint tenants continue as joint tenants between themselves.
If a deed conveys property to two or more grantees but the form of ownership is ambiguous or unspecified, most states presume the grantees take title as:
Answer: B. Tenants in common
Because the law disfavors automatic survivorship, most states presume a conveyance to multiple unmarried grantees creates a tenancy in common unless a joint tenancy is clearly stated.
A creates a life estate for B, but the deed states that upon B's death the property returns to A. The interest retained by A is a:
Answer: B. Reversion
When the property returns to the original grantor after a life estate ends, the grantor holds a reversion; a remainder, by contrast, goes to a third party.
When a fee simple determinable terminates because its condition is violated, the future interest that returns the property to the original grantor is called a:
Answer: B. Possibility of reverter
A fee simple determinable is paired with a possibility of reverter, which causes title to revert automatically to the grantor (or heirs) when the limiting condition occurs.
A deed conveys property 'to the city, so long as the land is used as a public park.' What type of estate is created?
Answer: C. Fee simple determinable
Words such as 'so long as,' 'while,' or 'during' create a fee simple determinable, which automatically ends and reverts to the grantor if the stated condition is violated.
A homeowner who owns property in fee simple absolute finds that local zoning, building codes, and taxation still apply. What does this demonstrate about fee simple ownership?
Answer: B. Even the most complete ownership remains subject to governmental powers such as police power and taxation
Fee simple absolute is the most complete ownership, but all private property remains subject to the four governmental powers (police power, eminent domain, taxation, and escheat).
A neighbor has openly parked on the corner of an adjacent vacant lot for 22 years without permission. The statutory period is 10 years. The neighbor most likely has acquired:
Answer: B. An easement by prescription over the parking area
Open, notorious, hostile, continuous USE (not exclusive occupation) for the statutory period creates an easement by PRESCRIPTION — a right to keep using the corner, not ownership. Adverse possession of title requires exclusive possession; permission would have made it a revocable license.
Which type of easement benefits a person or company rather than a parcel of land, and is commonly held by utility companies?
Answer: A. Easement in gross
An easement in gross benefits a person or entity (such as a utility company) and has no dominant tenement; commercial easements in gross are typically assignable.
A co-owner who wants to end co-ownership but cannot get the other owners to agree to a sale may file a court action known as:
Answer: A. A partition action
A partition action asks a court to physically divide the property or, more commonly, order it sold and the proceeds divided among the co-owners.
The 'bundle of legal rights' associated with real property ownership traditionally includes the rights of possession, control, enjoyment, exclusion, and which other right?
Answer: B. The right of disposition
The classic bundle of rights includes possession, control, enjoyment, exclusion, and disposition (the right to sell, lease, will, or otherwise transfer the property).
Under community property law, property acquired by either spouse DURING the marriage (other than by gift or inheritance) is generally considered:
Answer: B. Community property owned equally by both spouses
In community property states, assets acquired during marriage by the labor or earnings of either spouse are owned equally by both, regardless of which spouse's name is on the title.
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