Real Estate-Unit 8 Exam Questions & Correct Solutions

Fixtures are items that a. are fixed, or attached, to real property. b. were once personal property but are now real property. c. have been incorporated as a part of real property. d. are all of these. {Ans: d. are all of these.}Which estate features right of survivorship? a. Leasehold estate b. Estate by the entireties c. Tenancy at will d. Tenancy in common {Ans: b. Estate by the entireties}A constitutional homestead is owned by a man who is head of a family consisting of himself, his wife, and their three children. The man dies unexpectedly. After his death, a. the widow owns the homestead in fee simple. b. by operation of law, the widow owns a life estate in the homestead, and the children are vested remaindermen. c. the homestead will be distributed according to Florida's probate law. d. the homestead will descend to the man's heirs as specified in his will. {Ans: b. by operation of law, the widow owns a life estate in the homestead, and the children are vested remaindermen.}The real estate protected by homestead right::; is limited to a. 640 acres outside a city or town and 1 acre in town. b.