FREE AND STUDY GAMES ABOUT PROPERTY MNEMONICS

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FREE AND STUDY GAMES ABOUT PROPERTY MNEMONICS

EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -21 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation

Question 1: Freehold estates are

Answer:

LEFTS (LE-Life Estates, FT-Fee Tails, S-fee Simple(SAD))

Question 2: A ___ partitions realty

Answer:

COW: Court, Oral agreement by 100% o co-tenants, Written agreement signed by 100%

Question 3: Fee Simple Estates are

Answer:

SAD (Subject to a condition subsequent, Absolute, Determinable)

Question 4: BOP

Answer:

But, On condition that, Provided

Question 5: Elements of Real Covenants

Answer:

PINTS (Privity of estate, Intent by original contracting parties that covenant attach to land & run to future assignees(horizontal privity) Notice (CIA), Touch and concern the land in question, S

Question 6: Magic words that indicate Fee Simple Determinable

Answer:

are SUDs of time duration ("So long as" liquor is never sold..., "Until" the land is not used for religious purposes..., "During" this period, the land is used only for residential purposes)

Question 7: A broker earns a commission when he procures a ____ buyer

Answer:

RAW: Ready, Able, Willing

Question 8: ____ _____ are in warranty deeds

Answer:

SEC FEW: covenant of- Seisin, against Encumbrances, of right to Convey, of Further assurances, of quiet Enjoyment, of Warranty

Question 9: Joint Tenancies require Unity of

Answer:

PITT (Possession, Interest, Time, Title) Question 10: Magic words that indicate Fee Simple Subject to Condition Subsequent

Answer:

BOP you on the head. ("But", if liquor is ever sold..., "On condition that" the land is used only for residential purposes..., "Provided" the land is not used for commercial purposes...)

Question 11: PINTS

Answer:

Privity, Intent, Notice, Touch & concern, Statute of frauds

Question 12: Negative easements are limited to

Answer:

LAWS: Light, Air, Water, Support

Question 13: SUD

Answer:

So long as, Until, During

Question 14: Types of Notice to real Property buyer

Answer:

CIA (Constructive, Inquiry, Actual)

Question 15: ____ establishes Adverse Possession

Answer:

EUNUCH: Exclusive possession, owner Under no disability, Notorious (& open), Under a good faith claim of right(in some states), Continuous, Hostile

Question 16: Implied easements need to find a

Answer:

CRAB: both dominant/servient estates were formerly owned by Common owner, Reasonably necessary, use of easement was plainly&physically Apparent, former use subordinated one part of the land to Benefit the other part

Question 17: Defeats a tenancy by the entirety

Answer:

4-D's: Death of one spouse ; Debtor(if 1 spouse becomes one in bankruptcy); Dual transfer of TE; Divorce, or annulment

Question 18: __ create easements

Answer:

PIGS: Prescription, Implication, Grant, Strict necessity

Question 19: 3 types of fee Simple estates are

Answer:

SAD(fs Subject to a condition subsequent, fs Absolute, fs Determinable)

Question 20: _ __ will extinguish an easement

Answer:

A FRAME: Abandonment, Forecosure of a mortgage recorded before the easement, signed writing Releasing easement, Adverse possession preventing use of easement, Merger by common ownership of Dom. /serv. Estaes, Eminent Domain

Question 21: Pints come in

Answer:

CANS: imposed by Common owner to protect lands retained, covenants agreed to by Adjoining landowners, imposed for the benefit of Neighboring lands, to carry out a common plan or Scheme