OKRES - Oklahoma Real Estate Salesperson Exam

Question 21: A landowner orally allows a friend to cross his field to reach a fishing pond, intending to be able to withdraw the privilege at any time. This permission ends if the land is sold or either party dies. Which interest best describes what the friend holds?

A revocable license

An easement appurtenant

A prescriptive easement

A leasehold estate

Question 22: A survey reveals that a neighbor's garage was built two feet over the boundary and sits partly on the adjoining owner's land. This unauthorized intrusion of a structure onto another's property has a specific name in real estate. What is it called?

A prescriptive easement

A deed restriction

An encroachment

A lis pendens

Question 23: A homeowner has an unpaid mortgage, and the property also secures a court judgment and past-due real estate taxes. Each of these is a charge against the property that provides security for a debt. What is the general term for such a monetary charge?

An easement

A remainder

A fixture

A lien

Question 24: A subdivision developer files a set of private rules in the public record requiring uniform architectural standards, and each individual deed refers to them. These private controls maintain neighborhood standards and may be enforced by owners. What are these controls commonly called?

Zoning ordinances

Covenants, conditions, and restrictions

Building codes

Police power regulations

Question 25: A land surveyor's legal description begins at a fixed reference point, then traces the property boundary by direction and distance from one monument to the next, finally returning to where it started. Which method of describing land does this pattern identify?

Metes and bounds

Rectangular survey

Lot and block

Street address

Question 26: Under the government survey system, land is divided into townships that are further split into a grid of numbered squares. Candidates are expected to recall the standard size of one of these squares. How many acres does a standard section contain?

36 acres

160 acres

640 acres

5,280 acres

Question 27: In a newly platted residential subdivision, each parcel is identified on a recorded map by a number within a numbered group, and deeds refer to that map on file with the county. Which method of legal description does this recorded plat system represent?

Metes and bounds

Rectangular survey

Monument description

Lot and block

Question 28: A city enacts zoning ordinances and building codes to protect public health, safety, and general welfare, drawing on authority passed to it by the state through enabling acts. Which governmental power is the city exercising when it regulates land use this way?

Eminent domain

Police power

Escheat

The power of taxation

Question 29: A state highway department needs a strip of privately owned farmland to widen a road and cannot reach agreement with the owner, so it initiates a legal proceeding to take the land upon paying the owner just compensation. What is this governmental power called?

Eminent domain

Police power

Adverse possession

Escheat

Question 30: A person dies owning real estate but leaves no valid will, no living trust, and no heirs recognized by law. To prevent the property from becoming ownerless, state law transfers ownership to the government. Which governmental power does this describe?

Eminent domain

Police power

Escheat

Taxation

Question 31: A single individual takes title to a condominium entirely alone, with no co-owners of any kind, holding sole rights to sell, lease, or will the property. This form of ownership by one owner has a specific name. What is it called?

Tenancy in common

Joint tenancy

Tenancy by the entirety

Ownership in severalty

Question 32: Two friends buy an investment property together, each holding an undivided fractional interest, and each wants the ability to leave that share to heirs at death rather than have it pass to the other buyer. Which form of co-ownership fits their goal?

Tenancy in common

Joint tenancy

Tenancy by the entirety

Ownership in severalty

Question 33: Three siblings hold title as joint tenants. One sibling dies, leaving a will that tries to give her share to a friend. The property is not probated for that share. What happens to the deceased sibling's interest under joint tenancy?

It passes by her will

It is sold to pay her debts

It escheats to the state

It passes to the surviving joint tenants

Question 34: An attorney explains that creating a valid joint tenancy requires four unities, sometimes remembered by a memory aid, so that all owners take equal interests, at the same time, by the same document, with a shared right to possess. Which set names those four unities?

Price, interest, time, title

Possession, interest, time, trust

Possession, interest, time, title

Possession, income, term, title

Question 35: In a state that recognizes it, a married couple takes title in a form available only to spouses, under which neither spouse may convey a separate share alone and the survivor automatically takes full title at the other's death. Which form is this?

Tenancy in common

Community property

Ownership in severalty

Tenancy by the entirety

Question 36: In a community property state, a spouse owns land inherited before the marriage and keeps it titled in that spouse's name alone. Most other assets the couple earns during the marriage are shared equally. How is the inherited land generally classified?

Separate property of that spouse

Community property split equally

A homestead of the couple

A tenancy by the entirety

Question 37: Two co-owners of a vacant parcel can no longer agree on what to do with it, and one wants out. That owner asks a court to divide the property or order it sold so each receives a fair share. What is this legal remedy called?

Escheat

Partition

Condemnation

Foreclosure

Question 38: In one common-interest form of ownership, a buyer receives fee simple title to an individual living unit and also an undivided share, as a tenant in common with the other unit owners, of hallways, the roof, and the grounds. Which form is this?

A cooperative

A time-share estate

A condominium

A leasehold community

Question 39: In a certain ownership arrangement, a corporation holds title to the whole building, and each resident buys shares in that corporation and receives a long-term proprietary lease of a specific apartment rather than a deed. Which form of ownership does this describe?

A condominium

A planned unit development

A time-share

A cooperative

Question 40: A buyer wants the strongest possible assurances of title, including a promise by the seller that defends the title against defects arising at any time, even before the seller owned the property. Which type of deed provides this fullest protection to the buyer?

A general warranty deed

A quitclaim deed

A bargain and sale deed

A deed of trust

OKRES Oklahoma Real Estate Salesperson Exam - Set 2 - Part 2

Question 21: A landowner orally allows a friend to cross his field to reach a fishing pond, intending to be able to withdraw the privilege at any time. This permission ends if the land is sold or either party dies. Which interest best describes what the friend holds?

Question 22: A survey reveals that a neighbor's garage was built two feet over the boundary and sits partly on the adjoining owner's land. This unauthorized intrusion of a structure onto another's property has a specific name in real estate. What is it called?

Question 23: A homeowner has an unpaid mortgage, and the property also secures a court judgment and past-due real estate taxes. Each of these is a charge against the property that provides security for a debt. What is the general term for such a monetary charge?

Question 24: A subdivision developer files a set of private rules in the public record requiring uniform architectural standards, and each individual deed refers to them. These private controls maintain neighborhood standards and may be enforced by owners. What are these controls commonly called?

Question 25: A land surveyor's legal description begins at a fixed reference point, then traces the property boundary by direction and distance from one monument to the next, finally returning to where it started. Which method of describing land does this pattern identify?

Question 26: Under the government survey system, land is divided into townships that are further split into a grid of numbered squares. Candidates are expected to recall the standard size of one of these squares. How many acres does a standard section contain?

Question 27: In a newly platted residential subdivision, each parcel is identified on a recorded map by a number within a numbered group, and deeds refer to that map on file with the county. Which method of legal description does this recorded plat system represent?

Question 28: A city enacts zoning ordinances and building codes to protect public health, safety, and general welfare, drawing on authority passed to it by the state through enabling acts. Which governmental power is the city exercising when it regulates land use this way?

Question 29: A state highway department needs a strip of privately owned farmland to widen a road and cannot reach agreement with the owner, so it initiates a legal proceeding to take the land upon paying the owner just compensation. What is this governmental power called?

Question 30: A person dies owning real estate but leaves no valid will, no living trust, and no heirs recognized by law. To prevent the property from becoming ownerless, state law transfers ownership to the government. Which governmental power does this describe?

Question 31: A single individual takes title to a condominium entirely alone, with no co-owners of any kind, holding sole rights to sell, lease, or will the property. This form of ownership by one owner has a specific name. What is it called?

Question 32: Two friends buy an investment property together, each holding an undivided fractional interest, and each wants the ability to leave that share to heirs at death rather than have it pass to the other buyer. Which form of co-ownership fits their goal?

Question 33: Three siblings hold title as joint tenants. One sibling dies, leaving a will that tries to give her share to a friend. The property is not probated for that share. What happens to the deceased sibling's interest under joint tenancy?

Question 34: An attorney explains that creating a valid joint tenancy requires four unities, sometimes remembered by a memory aid, so that all owners take equal interests, at the same time, by the same document, with a shared right to possess. Which set names those four unities?

Question 35: In a state that recognizes it, a married couple takes title in a form available only to spouses, under which neither spouse may convey a separate share alone and the survivor automatically takes full title at the other's death. Which form is this?

Question 36: In a community property state, a spouse owns land inherited before the marriage and keeps it titled in that spouse's name alone. Most other assets the couple earns during the marriage are shared equally. How is the inherited land generally classified?

Question 37: Two co-owners of a vacant parcel can no longer agree on what to do with it, and one wants out. That owner asks a court to divide the property or order it sold so each receives a fair share. What is this legal remedy called?

Question 38: In one common-interest form of ownership, a buyer receives fee simple title to an individual living unit and also an undivided share, as a tenant in common with the other unit owners, of hallways, the roof, and the grounds. Which form is this?

Question 39: In a certain ownership arrangement, a corporation holds title to the whole building, and each resident buys shares in that corporation and receives a long-term proprietary lease of a specific apartment rather than a deed. Which form of ownership does this describe?

Question 40: A buyer wants the strongest possible assurances of title, including a promise by the seller that defends the title against defects arising at any time, even before the seller owned the property. Which type of deed provides this fullest protection to the buyer?

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