A buyer asks the broker about “fee simple compared with a life estate.” Which explanation should the broker give?
A. Tenancy in common can allow unequal shares and no automatic survivorship
B. Environmental conditions can affect permitted use, value, liability, and disclosures
C. Fee simple is generally broader and not measured by a person's lifetime
D. They can limit property use through private covenants that may run with the land
Source: Real Estate Principles and Practices, national edition — Chapters 2-7, real property, estates/ownership, encumbrances, government powers, and legal descriptions; pp. 26-122; https://s3.amazonaws.com/vc5-course-documents/courses/2468/REX_NAT-PAP.content.pdf
During title and land-use review, the file raises an issue involving “co-ownership with unequal shares.” Which conclusion is most defensible?
A. Fee simple is generally broader and not measured by a person's lifetime
B. They can limit property use through private covenants that may run with the land
C. Environmental conditions can affect permitted use, value, liability, and disclosures
D. Tenancy in common can allow unequal shares and no automatic survivorship
Source: Real Estate Principles and Practices, national edition — Chapters 2-7, real property, estates/ownership, encumbrances, government powers, and legal descriptions; pp. 26-122; https://s3.amazonaws.com/vc5-course-documents/courses/2468/REX_NAT-PAP.content.pdf
A broker is reviewing the property-law topic “private deed restrictions.” Which statement is legally most accurate?
A. It is a use that lawfully existed before a zoning change but no longer conforms
B. Tenancy in common can allow unequal shares and no automatic survivorship
C. It benefits a parcel and usually transfers with that parcel
D. They can limit property use through private covenants that may run with the land
Source: Cornell LII Wex — 'restrictive covenant,' real-property discussion; https://www.law.cornell.edu/wex/restrictive_covenant
A buyer asks the broker about “zoning nonconforming use.” Which explanation should the broker give?
A. They can limit property use through private covenants that may run with the land
B. It benefits a parcel and usually transfers with that parcel
C. It is a use that lawfully existed before a zoning change but no longer conforms
D. Tenancy in common can allow unequal shares and no automatic survivorship
Source: Cornell LII Wex — 'nonconforming use,' definition; https://www.law.cornell.edu/wex/nonconforming_use
During title and land-use review, the file raises an issue involving “easement appurtenant.” Which conclusion is most defensible?
A. It secures payment for labor or materials improving real property
B. It is a use that lawfully existed before a zoning change but no longer conforms
C. It identifies the exact parcel rather than relying only on informal address language
D. It benefits a parcel and usually transfers with that parcel
Source: Cornell LII Wex — 'easement,' paragraphs defining appurtenant easements and transfer with the dominant tenement; https://www.law.cornell.edu/wex/easement
