Quiz: OREA Real Estate Phase 2 Quiz

1

Define the term estate?
- The status or extent of rights associated with tenure
- The ownership of land only
- The ownsership of land only by English Lords
- The will of a deceased person
2

Which of the following is not an estate to uses with regards to ownership?
- Riparian rights
- Air rights
- Surface rights
- Roof Rights
3

What are the two forms of concurrent ownership
- Common Tenancy & Joint Tenancy
- Joint Tenancy & Tenants in Common
- Joint Ownership & Joint Tenants
- Common Ownership & Joint Ownership
4

How many lengths of chain was used to mark a concession?
- 150
- 50
- 100
- 200
5

What are the four unities of Joint Tenancy?
- Time, Use, Interest, Possession
- Will, Possession, Interest, Time
- Title, Time, Possession, Interest
- Will, Use, Time, Interest
6

One chain is the equivalent to how many feet
- 44
- 66
- 16
- 12
7

How wide was each road allowance after each concession was marked?
- 33 feet or 1/2 chain
- 66 feet or 1 chain
- 50 feet
- 100 feet
8

Along a road allowance lots are formed, how many lengths of chain forms one lot?
- 50
- 30
- 20
- 100
9

Define the tenure?
- Land ownership only afforded to English Lords
- Ownership of land without the right to use, sell or lease
- Medieval English term refering to the holding of land without ownership
- Medieval English term refering to the absolute ownership of land
10

Which of the following is/are not types of estates?
- Free Estate
- Estate to uses, e.g. Mineral, surface, air and riparian rights.
- Leashold & Life Estate
- Fee Simple & Future Estate
11

Which of the following statements about Fee Simple are incorrect
- Fee Simple is a form of ownership for an indeterminate period of time
- Fee Simple is a medieval english term referring to holding land without ownership
- Fee Simple provides the most form of rights associated with ownership
- Fee Simple is one of the main forms of land ownership in Canada

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OREA Real Estate Phase 2 Quiz

Define the term estate?

Which of the following is not an estate to uses with regards to ownership?

What are the two forms of concurrent ownership

How many lengths of chain was used to mark a concession?

What are the four unities of Joint Tenancy?

One chain is the equivalent to how many feet

How wide was each road allowance after each concession was marked?

Along a road allowance lots are formed, how many lengths of chain forms one lot?

Define the tenure?

Which of the following is/are not types of estates?

Which of the following statements about Fee Simple are incorrect

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