Which of the following is NOT considered a type of estate?

Prepare for the North Carolina Broker Reciprocal Exam. Sharpen your skills with flashcards and multiple-choice questions. Each question offers explanations to ensure clarity and understanding. Get ready to excel!

An estate in land refers to the degree of ownership interest one has in real property. Various types of estates exist, which can denote different rights, durations, or restrictions regarding the use of the property.

An estate in fee simple absolute represents the most complete ownership interest in real property, allowing for the property to be sold, transferred, or inherited without restrictions. An estate at sufferance arises when a tenant remains in a property after the expiration of their lease without the landlord's consent. An estate for years refers to a tenancy for a specific period that is established by a rental agreement or lease.

On the other hand, a judgment estate is not recognized as a type of estate in real property. Instead, it refers to a legal mechanism where a court judgment can impose a lien on a property due to unpaid debts. Since it does not define a particular ownership or tenancy interest in the property itself, it is not classified as an estate type among those typically recognized in real property law. This understanding highlights why judgment estate is the correct choice as the one that does not qualify as a type of estate.

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