Certified Residential Appraiser Practice Exam

Which easement refers to an interest in real property that ensures land is preserved for conservation or wildlife habitat?

1. Conservation Easement

2. Drainage Easement

3. Fee Timesharing

4. Quitclaim Deed

The correct answer is: Conservation Easement

A conservation easement is a legal agreement that serves to limit development on the land in order to protect its conservation values, such as wildlife habitat, scenic values, or ecological significance. This type of easement allows landowners to retain ownership of their property while also ensuring that the land is conserved for future generations. It typically places restrictions on certain types of activities, such as construction or agricultural practices, that could negatively impact the ecological integrity of the land. In this context, a conservation easement directly aligns with the objective of preserving land specifically for conservation or wildlife habitat purposes, making it the correct choice. Other options do not pertain to the preservation of land for conservation. A drainage easement is concerned with access for drainage purposes but does not focus on habitat or conservation. Fee timesharing generally relates to property interests being shared among multiple parties, typically in vacation ownership scenarios, and does not imply land preservation. A quitclaim deed is a legal document used to transfer interest in property without any warranties and does not inherently involve conservation efforts.