Practice Exam January 16, 20210 views1 min read Add comment FacebookXRedditPinterestEmail Try our easy-to-use practice test system with some sample questions. 1. Tom owns a parcel of real estate. Tom has a current lease for the mineral rights with B-1 Oil Company. A-1 Gas Company wants to lease the surface rights to Tom’s land to place a pipeline on it. Can Tom lease the land to the gas company? yes, if the oil company and gas company take joint tenancy yes, Tom can lease the mineral rights and surface rights separately no, because mineral rights give the oil company exclusive rights to the surface of the property no, because surface rights and subsurface rights cannot be leased separately 2. Which party would sign the deed? vendor lessee mortgagor optionee 3. The process whereby water gradually recedes, leaving dry land which belongs to the landowner is known as reliction reconveyance erosion color of title Time's up You may also like Video Real Estate Principles and Practices What is a Nonfreehold Estate? | Real Estate Exam Prep Videos 83 views2 min read Video Real Estate Exam Prep, Real Estate Principles and Practices, Section 1: Property Ownership How to Calculate Acres & Distances In A Section of Land | Real Estate Exam Prep Video 84 views2 min read Video Real Estate Exam Prep, Real Estate Principles and Practices, Section 1: Property Ownership What Are Freehold and NonFreehold Estates? | Real Estate Exam Prep Video 178 views2 min read Add comment Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ Subscribe to our channel on Youtube for all of our latest video content. Subscribe Newsletter Sign up for our newsletter Subscribe to our to stay up-to-date on the latest real estate news and education. Please leave this field empty.
Video Real Estate Principles and Practices What is a Nonfreehold Estate? | Real Estate Exam Prep Videos 83 views2 min read
Video Real Estate Exam Prep, Real Estate Principles and Practices, Section 1: Property Ownership How to Calculate Acres & Distances In A Section of Land | Real Estate Exam Prep Video 84 views2 min read
Video Real Estate Exam Prep, Real Estate Principles and Practices, Section 1: Property Ownership What Are Freehold and NonFreehold Estates? | Real Estate Exam Prep Video 178 views2 min read
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