California Real Estate Practice Exam

Which pair of terms is most closely related?

1. Fee simple qualified and fee simple defeasible

2. Leasehold and freehold

3. Mortgaged and leased

4. Easement and lien

The correct answer is: Fee simple qualified and fee simple defeasible

Fee simple qualified and fee simple defeasible are both types of fee simple estates and are therefore closely related to each other. Fee simple qualified is granted with certain restrictions or qualifications, while fee simple defeasible is granted with conditions that can cause the property to be forfeited. Option B, leasehold and freehold, refer to different types of property interests and are not directly related to each other. Leasehold is a temporary interest granted by a lessor to a lessee, while freehold is an indefinite interest in the property. Option C, mortgaged and leased, refers to different types of agreements involving property. Mortgaged means using property as a security for a loan, while leased means granting possession or use of property for a set term. Option D, easement and lien, refer to different types of rights or restrictions on property. An easement is a right of use or access to another's property, while a lien is a charge or claim against property as a security for a debt. Overall, the relationship between fee simple qualified and fee simple defeasible is the closest among the given options.