Real Estate Practice Test

Real Estate Ownership, Transfer & Title Practice Questions

Ownership, Transfer & Title makes up 6 of every 50 questions on a Tigertest Real Estate practice test. Here are 10 of the 24 questions on it, each with the answer and the reason.

Updated 2026-11-10 by the Tigertest team. Weighted to the Pearson VUE national salesperson outline (2025), which matches PSI's. Your state portion is separate.

1. 1. Which form of co-ownership allows unequal shares and lets each owner's share pass to heirs at death?

   • A.Tenancy by the entirety
   • B.Tenancy in common
   • C.Ownership in severalty
   • D.Joint tenancy

   Answer: B. Tenants in common may hold unequal undivided interests and each can sell or will a share, with no right of survivorship. Joint tenancy requires equal interests and passes a deceased owner's share to the survivors, and severalty is ownership by one person alone.

2. 2. Gil, Hal and Ivy own a $450,000 property as joint tenants. Gil sells his interest to Jo, and later Hal dies. What is Jo's interest worth?

   • A.$225,000
   • B.$300,000
   • C.$0, since Jo is not a survivor
   • D.$150,000

   Answer: D. Gil's sale breaks the unities of time and title for that share, so Jo holds 1/3 as a tenant in common: $450,000 / 3 = $150,000. Hal's share passes by survivorship only to Ivy, the remaining joint tenant, so Jo's interest does not grow to $225,000.

3. 3. A married couple holds title so that neither spouse can convey an interest alone, and the survivor takes the entire property. This is:

   • A.Tenancy by the entirety
   • B.Tenancy in common
   • C.Community property
   • D.Joint tenancy with survivorship

   Answer: A. Tenancy by the entirety, recognized in some states for married couples, carries survivorship and cannot be severed or conveyed by one spouse alone. A joint tenant, by contrast, can sever the joint tenancy by conveying a share without the others' consent.

4. 4. In a community property state, a house a wife inherited from her parents during the marriage is generally:

   • A.Owned by both spouses as joint tenants
   • B.Owned by both as tenants by the entirety
   • C.Her separate property
   • D.Community property owned equally

   Answer: C. In community property states, property acquired by gift or inheritance, or owned before marriage, is separate property. Property earned or acquired by either spouse during the marriage is presumed to be community property.

5. 5. A buyer purchases shares in the corporation that owns an apartment building and receives a proprietary lease for one unit. This buyer owns a:

   • A.Fee simple interest in the unit
   • B.Condominium unit
   • C.Cooperative interest
   • D.Timeshare estate

   Answer: C. In a cooperative, the corporation owns the building and the buyer holds stock plus a proprietary lease, which is personal property. A condominium buyer instead receives fee simple title to the unit and an undivided interest in the common elements.

6. 6. A buyer receives a deed to a resort unit for the same week every year, shared with other owners. This interest is a:

   • A.Timeshare estate
   • B.Periodic tenancy
   • C.Timeshare use (right-to-use)
   • D.Cooperative interest

   Answer: A. A timeshare estate is a deeded fee interest held with other owners for a recurring time period. A timeshare use is only a contractual right to occupy for a number of years and does not convey title.

7. 7. A grantor deeds land to a town 'so long as it is used as a public park.' If the park use ends, ownership:

   • A.Reverts only if the grantor takes legal action
   • B.Remains with the town in fee simple absolute
   • C.Passes to the state by escheat
   • D.Automatically reverts to the grantor or heirs

   Answer: D. Words such as 'so long as' create a fee simple determinable, which ends automatically when the condition is broken, leaving the grantor a possibility of reverter. A fee simple subject to a condition subsequent ('but if') instead requires the grantor to exercise a right of reentry.

8. 8. Ann deeds a house to Ben for the life of Carl, then to Dana. Ben dies while Carl is still alive. Who now has the right to possession?

   • A.Ann, the original grantor
   • B.Ben's heirs, until Carl dies
   • C.Carl, the measuring life
   • D.Dana, as the named remainderman

   Answer: B. Ben holds a life estate pur autre vie, measured by Carl's life, so it passes to Ben's heirs until Carl dies. Dana, the remainderman, takes possession only when the measuring life ends.

9. 9. An owner conveys a life estate to her brother and names no one to take the property afterward. The owner retains a:

   • A.Remainder interest
   • B.Reversionary interest
   • C.Leasehold estate
   • D.Fee simple determinable

   Answer: B. When no remainderman is named, the property returns to the grantor or her heirs when the life estate ends, so she holds a reversion. A remainder is a future interest held by a third party named in the conveyance.

10. 10. The bundle of legal rights of ownership includes possession, control, enjoyment, exclusion and the right of:

    • A.Escheat
    • B.Taxation
    • C.Condemnation
    • D.Disposition

    Answer: D. The bundle of rights is possession, control, enjoyment, exclusion and disposition (selling, leasing, willing or otherwise transferring). Condemnation, escheat and taxation are government powers that limit ownership, not rights of the owner.