NATIONAL REAL ESTATE EXAM PEARSON
VUE STUDY GUIDE 2026 FULL QUESTIONS
WITH VERIFIED ANSWERS 100% CORRECT
⩥ The economic characteristics of land are? Answer: Scarcity, location,
and durability
⩥ What lease would best suit couples needs who are looking for
temporary housing? Answer: Month-to-Month lease
⩥ The land description T3N, R4W Principal Meridian refers to what
type of property description? Answer: Rectangular survey
⩥ Crops that require annual planting are generally considered to be?
Answer: Personal Property
⩥ A distinguishing characteristic of owning property by land trust is
that? Answer: The identity of the legal owner is kept confidential
⩥ A lawsuit for reverse condemnation may be brought by the? Answer:
Homeowner
,⩥ If conditions for purchase are included in a deed and these conditions
are violated, what is the penalty? Answer: Return of the property to the
original owner
⩥ When more than one approach to value is applied to a property and
different indications of value are produced, how should the final
estimate of value be determined? Answer: Reconciliation
⩥ A borrower has defaulted on the mortgage. The mortgage contains an
acceleration clause. This permits the lender to? Answer: Demand
immediate payment of the entire note
⩥ Too much leverage may result in? Answer: Negative cash flow
⩥ A managing broker can be held responsible for? Answer: All real
estate activities of salespersons
⩥ Earnest money should be deposited into a trust account when?
Answer: In a timely manner
⩥ Why was the Jones vs Mayer decision of 1968 important? Answer: By
upholding the Civil Rights Act of 1866
⩥ A landlord may refuse to rent to a tenant who? Answer: Has ever been
convicted of selling illegal drugs
, ⩥ The buyer is assuming a mortgage presently on the property in the
amount of $110,000. What is the adjustment made at the closing?
Answer: Credit buyer $110,000, debit seller $110,000
⩥ In most states, foreclosed property is sold through? Answer: Public
auction
⩥ Depreciation is calculated based on? Answer: Cost of the building
only
⩥ A judgement has been properly recorded. Any subsequent purchasers
have actually examined the record or not, have been given? Answer:
Constructive notice
⩥ An agreement to purchase which has not been closed is? Answer: An
executory contract
⩥ An agency agreement between a property owner and a property
manager is usually created by? Answer: A management agreement
⩥ Homes built before 1978 require? Answer: the buyer to acknowledge
disclosure of the presence of any known lead paint
VUE STUDY GUIDE 2026 FULL QUESTIONS
WITH VERIFIED ANSWERS 100% CORRECT
⩥ The economic characteristics of land are? Answer: Scarcity, location,
and durability
⩥ What lease would best suit couples needs who are looking for
temporary housing? Answer: Month-to-Month lease
⩥ The land description T3N, R4W Principal Meridian refers to what
type of property description? Answer: Rectangular survey
⩥ Crops that require annual planting are generally considered to be?
Answer: Personal Property
⩥ A distinguishing characteristic of owning property by land trust is
that? Answer: The identity of the legal owner is kept confidential
⩥ A lawsuit for reverse condemnation may be brought by the? Answer:
Homeowner
,⩥ If conditions for purchase are included in a deed and these conditions
are violated, what is the penalty? Answer: Return of the property to the
original owner
⩥ When more than one approach to value is applied to a property and
different indications of value are produced, how should the final
estimate of value be determined? Answer: Reconciliation
⩥ A borrower has defaulted on the mortgage. The mortgage contains an
acceleration clause. This permits the lender to? Answer: Demand
immediate payment of the entire note
⩥ Too much leverage may result in? Answer: Negative cash flow
⩥ A managing broker can be held responsible for? Answer: All real
estate activities of salespersons
⩥ Earnest money should be deposited into a trust account when?
Answer: In a timely manner
⩥ Why was the Jones vs Mayer decision of 1968 important? Answer: By
upholding the Civil Rights Act of 1866
⩥ A landlord may refuse to rent to a tenant who? Answer: Has ever been
convicted of selling illegal drugs
, ⩥ The buyer is assuming a mortgage presently on the property in the
amount of $110,000. What is the adjustment made at the closing?
Answer: Credit buyer $110,000, debit seller $110,000
⩥ In most states, foreclosed property is sold through? Answer: Public
auction
⩥ Depreciation is calculated based on? Answer: Cost of the building
only
⩥ A judgement has been properly recorded. Any subsequent purchasers
have actually examined the record or not, have been given? Answer:
Constructive notice
⩥ An agreement to purchase which has not been closed is? Answer: An
executory contract
⩥ An agency agreement between a property owner and a property
manager is usually created by? Answer: A management agreement
⩥ Homes built before 1978 require? Answer: the buyer to acknowledge
disclosure of the presence of any known lead paint
