A 'fee simple determinable' estate in Alaska is one that:
Why Automatically reverts to the grantor if a specified condition occurs Is Correct
Answer B: Automatically reverts to the grantor if a specified condition occurs
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
People Also Study
Related Alaska Questions
- Under Alaska's planning law, a borough may require a developer to dedicate land for a public park as a condition of subdivision approval. This is an example of:Land Use & Zoning
- A deed restriction in Alaska that requires properties in a neighborhood to be used only for residential purposes is an example of:Property Ownership
- A property in Alaska is subject to a deed restriction prohibiting commercial use. This restriction is an example of:Property Ownership
- A land contract (contract for deed) in Alaska means:Finance
- The Torrens system of land title registration, used in some Alaska areas, differs from recording systems in that it:Property Ownership
- Which of the following is an example of police power as applied in Alaska land use regulation?Land Use & Zoning
- In Alaska, which legal description method is most commonly used for rural and remote land?Property Valuation
- Alaska contains a large amount of federal public land managed by which agency for multiple-use purposes including timber, grazing, and recreation?Property Ownership
Key Terms to Know
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Study This Topic
Practice More Alaska Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →