LeShaun McKenzie
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Chapter 2 of the NCRE training

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LeShaun McKenzie
Created by LeShaun McKenzie about 4 years ago
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Chapter 2 - NCRE

Question 1 of 31

1

Personal property attached to real property is prevented from becoming real property by which of the following?

Select one of the following:

  • value

  • an appurtenance

  • security agreement and financing statement

  • mineral rights

Explanation

Question 2 of 31

1

Which of the following is a right in the property of another that results from ownership in a particular parcel of real estate?

Select one of the following:

  • easement in gross

  • appurtenant easement

  • license

  • condemnation

Explanation

Question 3 of 31

1

Which of the following is (are) correct?

Select one of the following:

  • An easement provides a nonpossessory interest in land.

  • The land on which an easement exists is the dominant tenement.

  • The land that benefits from an easement is the servient tenement.

  • All of the above

Explanation

Question 4 of 31

1

Easements may be created in all of the following ways EXCEPT:

Select one of the following:

  • condemnation.

  • dedication.

  • prescription.

  • assessment.

Explanation

Question 5 of 31

1

An easement is terminated:

Select one of the following:

  • when the purpose for which the easement was created ceases to exist.

  • when the adjoining dominant and servient tenements are combined into one tract of land.

  • by abandonment of the easement by the dominant owner.

  • all of the above.

Explanation

Question 6 of 31

1

If a property owner gives a specific person permission to cross his property, this is a(n):

Select one of the following:

  • easement in gross.

  • easement appurtenant.

  • lease.

  • encroachment.

Explanation

Question 7 of 31

1

The creation of an easement by condemnation results from the exercise of which of the following?

Select one of the following:

  • prescription

  • eminent domain

  • dedication

  • implication

Explanation

Question 8 of 31

1

A fee simple determinable:

Select one of the following:

  • is an example of a nonfreehold estate.

  • typically stipulates the conveyance is “as long as” it is used for a particular purpose.

  • is an example of pur autre vie (for the life of another).

  • is an example of freehold rights until the original owner’s rights are determined to be invalid.

Explanation

Question 9 of 31

1

If a widow inherits an estate by will granting her the right of use and possession of a parcel of land for the rest of her life, with the provision that the estate will go to her children in fee simple upon her death, she has received:

Select one of the following:

  • an inheritable freehold estate.

  • a life estate with remainder.

  • a life estate pur autre vie.

  • none of the above.

Explanation

Question 10 of 31

1

The highest and best form of estate in real property is which of the following?

Select one of the following:

  • appurtenant easement

  • defeasible fee

  • life estate in reversion

  • fee simple absolute

Explanation

Question 11 of 31

1

Estate for years, estates from year to year, estates at will, and estates by sufferance:

Select one of the following:

  • are leasehold estates

  • create a legal relationship between the parties of landlord and tenant

  • are nonfreehold estates

  • all of the above

Explanation

Question 12 of 31

1

Title held in the name of a corporation with many stockholders is considered to be held as:

Select one of the following:

  • severalty.

  • joint tenancy.

  • tenancy in common.

  • tenancy by entireties.

Explanation

Question 13 of 31

1

Which of the following types of ownership requires unity of interest, title, time, and possession?

Select one of the following:

  • cooperative

  • tenancy in common

  • joint tenancy

  • condominium

Explanation

Question 14 of 31

1

None of the following includes the automatic right of survivorship in North Carolina EXCEPT:

Select one of the following:

  • tenancy in common.

  • tenancy by the entirety.

  • life estate.

  • joint tenancy.

Explanation

Question 15 of 31

1

The purchaser of a condominium unit receives title to the land on which the condominium is situated as a:

Select one of the following:

  • tenant by the entirety.

  • tenant in common.

  • joint tenant.

  • tenant at sufferance.

Explanation

Question 16 of 31

1

The purchaser of a condominium time-share:

Select one of the following:

  • takes title for a specified time period (or periods) each calendar year.

  • may not convey title to anyone else.

  • has a 30-day right to rescind the purchase contract.

  • all of the above.

Explanation

Question 17 of 31

1

In the cooperative form of ownership:

Select one of the following:

  • the owner owns his unit in severalty.

  • each owner owns an interest in the common areas.

  • the owners own the building as tenants in common.

  • none of the above.

Explanation

Question 18 of 31

1

A tenant in common:

Select one of the following:

  • may sell her interest in the property.

  • may pledge the entire property as security for a mortgaged loan.

  • may not bring legal action to partition the property.

  • has the right of survivorship in the property.

Explanation

Question 19 of 31

1

Ownership as tenants by the entirety includes which of the following?

Select one of the following:

  • the right of one owner to convey title to his share of ownership without the participation of the other owner

  • the right of survivorship

  • ownership of an unequal interest in the property with another

  • conversion to ownership as joint tenants if the owners are divorced

Explanation

Question 20 of 31

1

An encumbrance always:

Select one of the following:

  • has a positive effect on property value.

  • has a negative effect on property value.

  • is a lien.

  • none of the above.

Explanation

Question 21 of 31

1

All of the following are examples of specific liens EXCEPT:

Select one of the following:

  • income tax liens.

  • mortgage liens.

  • mechanic’s liens.

  • real property tax liens.

Explanation

Question 22 of 31

1

Which of the following statements regarding judgment liens is correct?

Select one of the following:

  • Judgment liens will not attach to property to which title is held by a husband and wife as tenants by the entirety unless both participated in the creation of the debt and are both named as defendants in the judgment.

  • Judgment liens have a priority over the real property tax assessment.

  • Judgment liens have a priority over all liens other than property tax liens.

  • None of the above.

Explanation

Question 23 of 31

1

Liens, easements, encroachments, and restrictive covenants are examples of which of the following?

Select one of the following:

  • emblements

  • estovers

  • estates

  • encumbrances

Explanation

Question 24 of 31

1

Which of the following is an estate that automatically renews itself for consecutive periods?

Select one of the following:

  • estate at will

  • life estate

  • estate from year to year

  • estate for years

Explanation

Question 25 of 31

1

New construction time-share properties in North Carolina require:

Select one of the following:

  • the developer to have a real estate license before sales are made.

  • project registration with the Commission before marketing the units for sale.

  • all time-share salespersons must have a time-share license in NC.

  • the purchaser to be given a right of rescission for 3 days from purchase.

Explanation

Question 26 of 31

1

Time-share property in North Carolina:

Select one of the following:

  • must be for a residential use.

  • is considered personal property.

  • is the right to occupy a property during five or more separated time periods over five or more years.

  • allows a bona-fide employee of the developer to sell the units without a real estate license.

Explanation

Question 27 of 31

1

An example of an appurtenant easement would be:

Select one of the following:

  • city water and sewer easement.

  • easement for a neighbor friend to cross a nearby property to access the beach.

  • an easement for the adjoining property to have a driveway over the subject property.

  • a railroad right-of-way easement.

Explanation

Question 28 of 31

1

All of the following involve ownership of real property EXCEPT:

Select one of the following:

  • cooperatives.

  • condominiums.

  • townhouses.

  • time-shares.

Explanation

Question 29 of 31

1

All of the following are real property EXCEPT:

Select one of the following:

  • standing timber.

  • underground minerals.

  • readily movable items.

  • naturally growing vegetation.

Explanation

Question 30 of 31

1

The item(s) included as real estate is (are):

Select one of the following:

  • trees.

  • fences.

  • a built-in microwave.

  • all of the above.

Explanation

Question 31 of 31

1

A manufactured home that is towed to the land and placed upon a permanent foundation but still has the wheels, axles, and towing hitch attached will be considered:

Select one of the following:

  • personal property.

  • real property.

  • an improvement.

  • a fixture

Explanation

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