Q.1 Which of the following best defines 'real property'?
Movable assets
Land and immovable structures
Intellectual property
Cash and bank deposits
Explanation - Real property refers to land and anything permanently attached to it, such as buildings.
Correct answer is: Land and immovable structures
Q.2 Which document is essential for proving ownership of real estate?
Lease agreement
Deed
Mortgage contract
Property tax receipt
Explanation - A deed is a legal document that transfers or confirms ownership of real estate.
Correct answer is: Deed
Q.3 What is 'easement' in real estate law?
A mortgage
Right to use another's land for a specific purpose
Property tax
Eviction notice
Explanation - An easement allows a person to use someone else’s land for a particular purpose, such as a pathway or utility access.
Correct answer is: Right to use another's land for a specific purpose
Q.4 Which type of ownership allows multiple individuals to own a property jointly with rights of survivorship?
Tenancy in common
Joint tenancy
Leasehold
Freehold
Explanation - Joint tenancy gives each owner an equal share, and when one dies, their share passes to the surviving co-owners.
Correct answer is: Joint tenancy
Q.5 Which law primarily governs landlord-tenant relationships?
Contract law
Tort law
Property law
Criminal law
Explanation - Property law includes rules and regulations governing ownership, leasing, and rental agreements.
Correct answer is: Property law
Q.6 A 'mortgage' is best described as:
A lease agreement
A loan secured by real estate
Property tax
Property insurance
Explanation - A mortgage is a financial agreement where property is pledged as security for a loan.
Correct answer is: A loan secured by real estate
Q.7 Which of the following is an example of 'fixture' in real estate?
Freestanding bookshelf
Chandelier attached to the ceiling
Car parked in garage
Curtains hung on rods
Explanation - Fixtures are items permanently attached to the land or building, becoming part of the property.
Correct answer is: Chandelier attached to the ceiling
Q.8 The process of legally transferring property ownership is called:
Easement
Conveyance
Lien
Zoning
Explanation - Conveyance is the legal process of transferring ownership from one party to another.
Correct answer is: Conveyance
Q.9 Which term describes a property owner’s legal right to exclude others from their land?
Easement
Trespass
Fee simple
Lien
Explanation - Fee simple ownership gives the owner full legal rights to the property, including exclusion of others.
Correct answer is: Fee simple
Q.10 What is 'adverse possession'?
Buying property with a mortgage
Occupation of property without legal title for a statutory period
Selling property below market value
Leasing property for business use
Explanation - Adverse possession allows someone to claim ownership of land if they occupy it openly, continuously, and without permission for a set period.
Correct answer is: Occupation of property without legal title for a statutory period
Q.11 Which document typically outlines rights and obligations of a tenant and landlord?
Deed
Lease agreement
Title insurance
Property tax receipt
Explanation - A lease agreement specifies terms such as rent, duration, and responsibilities of both parties.
Correct answer is: Lease agreement
Q.12 A 'restrictive covenant' in real estate refers to:
A limit on property use imposed by the owner or previous owner
A property tax exemption
An easement for utilities
A mortgage agreement
Explanation - Restrictive covenants are clauses that limit how land can be used to maintain consistency or protect value.
Correct answer is: A limit on property use imposed by the owner or previous owner
Q.13 What does 'zoning law' regulate?
Income tax
Land use and building types
Property inheritance
Mortgage rates
Explanation - Zoning laws dictate how land can be used, including residential, commercial, or industrial purposes.
Correct answer is: Land use and building types
Q.14 Which of the following is NOT considered real property?
Building
Fence
Furniture
Land
Explanation - Furniture is movable and is considered personal property, not real property.
Correct answer is: Furniture
Q.15 A 'life estate' grants:
Ownership for the lifetime of a specified person
Permanent ownership with rights of sale
Ownership only for business purposes
Shared ownership with a mortgage
Explanation - A life estate allows a person to use and benefit from a property only during their lifetime.
Correct answer is: Ownership for the lifetime of a specified person
Q.16 Which of these is a common legal consequence of failing to pay property taxes?
Mortgage acceleration
Foreclosure or tax lien
Easement loss
Restrictive covenant
Explanation - Non-payment of property taxes can lead to the government placing a lien or foreclosing on the property.
Correct answer is: Foreclosure or tax lien
Q.17 Which term refers to a temporary transfer of property possession without transferring ownership?
Leasehold
Fee simple
Easement
Mortgage
Explanation - Leasehold grants possession and use of property for a specific period, but ownership remains with the landlord.
Correct answer is: Leasehold
Q.18 The term 'encumbrance' in real estate refers to:
A mortgage or lien affecting ownership
Full ownership of land
A zoning law
A sale agreement
Explanation - An encumbrance is a claim or liability attached to property that may reduce its value or restrict use.
Correct answer is: A mortgage or lien affecting ownership
Q.19 Which of the following describes 'riparian rights'?
Rights related to land adjacent to a river or water body
Right to construct buildings
Right to lease land
Property tax exemptions
Explanation - Riparian rights allow property owners to make reasonable use of water flowing through or bordering their land.
Correct answer is: Rights related to land adjacent to a river or water body
Q.20 Which legal principle allows a buyer to receive property free of most previous claims?
Caveat emptor
Title assurance
Foreclosure
Lien attachment
Explanation - Title assurance ensures that the buyer receives clear ownership without undisclosed liens or claims.
Correct answer is: Title assurance
Q.21 What is 'eminent domain'?
The right of government to seize private property for public use with compensation
Right to sell property freely
A form of leasehold
A type of restrictive covenant
Explanation - Eminent domain allows the state to take private land for public projects, provided fair compensation is given.
Correct answer is: The right of government to seize private property for public use with compensation
Q.22 Which term refers to transferring property ownership upon death through a will?
Intestate succession
Devise
Conveyance
Lien
Explanation - Devise is the legal term for leaving real property to someone in a will.
Correct answer is: Devise
Q.23 Which of the following best describes 'joint tenancy with right of survivorship'?
Ownership divided equally among tenants; deceased tenant's share passes to co-owners
Each tenant owns a separate portion that can be sold independently
Temporary lease of property
Property encumbered by a mortgage
Explanation - In joint tenancy with right of survivorship, co-owners share equal interest, and a deceased owner’s share automatically goes to surviving owners.
Correct answer is: Ownership divided equally among tenants; deceased tenant's share passes to co-owners
Q.24 Which of the following is a 'non-possessory interest' in real estate?
Leasehold
Easement
Life estate
Fee simple ownership
Explanation - Non-possessory interests, such as easements, give rights to use property without owning or possessing it.
Correct answer is: Easement