1. Which
is not a common form of co-ownership?
a.
Right of Survivorship
b.
Joint Tenancy
c.
Tenancy by Entirety
d.
Tenancy in Common
2. Ownership
in SEVERALTY refers to several people or entities owning real estate. T/F
3. The
order that determines the likelihood that any particular lien holder will be
paid back given that the property is liquidated is the following
a.
Mortgage, Mechanics, Tax
b.
Tax, Mortgage, Mechanics
c.
Mechanics, Tax, Mortgage
d.
Mortgage, Tax, Mechanics
4. Encroachments
often lead to Adverse Possession. T/F
5. When
the lease term has expired and the lessee remains in the property without
paying rent this is referred to as
a.
Tenancy at will
b.
Encumbrance
c.
Leased fee estate
d.
Tenancy at Sufferance
6. The
Government has police power, eminent domain, Taxation and Escheats. T/F
7. Positive
externalities include exemplary schools, and new roads. T/F
8. The
terms Real estate and Real Property can be used interchangeably. T/F
1.
A
2.
False
3.
B
4.
True
5.
D
6.
True
7.
True
8.
False
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