Interest in Real Estate Quiz

This section contains 14 questions

Time limit: 0

Quiz Summary

0 of 14 Questions completed

Questions:

Information

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 14 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Average score
Your score

Categories

Not categorized 0%

1
2
3
4
5
6
7
8
9
10
11
12
13
14

Current
Review
Answered
Correct
Incorrect

Question 1 of 14

1. Question
An _ is an owner’s interest in a property in which two or more parties share ownership.
- undivided interest
- divided interest
- undivided liability
- individed stake
Correct

Incorrect
Question 2 of 14

2. Question
If a private interest-holder does not have the right to possess, the interest is what?
- Public Interest
- Estate in Land
- Encumbrance
- Zone
- None of the above
Correct

Incorrect
Question 3 of 14

3. Question
Eminent Domain can be decided as what?
- The governmnet can take an owner
- the government takes land for private banks
- government takes land for private and public use
- Government asks permission to take land
Correct

Incorrect
Question 4 of 14

4. Question
When having Joint-Tenancy one cannot transfer their interest in a property in what way?
- A tenant can transfer interest in a property leaving it to their heirs when they die
- As a tenancy of common interest
- By way of survivorship, dying and leaving interest to other surviving tenants
- By selling their physical part of the property for their exclusive use
- Both A and D
Correct

Incorrect
Question 5 of 14

5. Question
What is the highest form of ownership interest one can acquire in real estate?
- Fee simple estate
- Estate in land
- Eminent domain
- Joint tenancy
- None of the above
Correct

Incorrect
Question 6 of 14

6. Question
Which of the following are defining characteristics and requirements of joint tenancy?
- Unity of ownership
- Equal ownership
- Partial ownership
- Both A&B
- None of the above
Correct

Incorrect
Question 7 of 14

7. Question
What is another name for a co-op lease?
- Shareholders interest
- Proprietary lease
- Time-share lease
- Leasehold estate
- None of the above
Correct

Incorrect
Question 8 of 14

8. Question
A proprietary lease is when
- The tenant is an owner of the corporation that owns the property
- The agent is the owner of the corporation that owns the property
- The renter is the owner of the corporation that owns the property
- The buyer is the owner of the corporation that owns the property
- None of the above
Correct

Incorrect
Question 9 of 14

9. Question
When a corporation owns an undivided interest in a property, debts and final obligation apply to the property as a/an
- Individual investment
- Whole investment
- Partial investment
- Invalid investment
- None of the above
Correct

Incorrect
Question 10 of 14

10. Question
How is the co-op interest transferred?
- By assigning both the buyer certificates and lease to the seller
- By assigning both the stock certificates and lease to the seller
- By assigning both the seller certificates and lease to the buyer
- By assigning both the stock certificates and lease to the buyer
- None of the above
Correct

Incorrect
Question 11 of 14

11. Question
Which of these are time-shares?
- Deed time- share ownership
- Vacation interval option
- Leniency interval ownership
- A & B
- B & C
Correct

Incorrect
Question 12 of 14

12. Question
When the tenant agrees to rent the property on a scheduled basis according to the terms of the lease
- Time- share lease
- Time-share agreement
- Time-share contract
- Time-share freehold
- None of the above
Correct

Incorrect
Question 13 of 14

13. Question
How often can a leaseholder use the property after signing a time-share lease?
- Weekly
- Monthly
- Quarterly
- Yearly
- Anytime
Correct

Incorrect
Question 14 of 14

14. Question
What is Easement?
- an interest in real estate that gives the owner right to use all of the land
- interest in property that gives holder the right to use portions of the legal owners property in any way they see fit
- An interest in real property that gives the holder the right to use portions of the legal owner's real property in a defined way.
Correct

Incorrect

Login

Accessing this course requires a login. Please enter your credentials below!

Username or Email Address

Password

Remember Me

Lost Your Password?