Real Estate Exam 2025 with correct answers 100% 2026

Real Estate Exam 2025 with correct answers 100% 2026 Which two documents are necessary to establish a legally binding mortgage loan? - Correct Answer Promissory note and deed of trust The promissory note outlines the borrower's promise to repay the loan, while the deed of trust secures the property as collateral for the loan If a buyer defaults on a sales contract after providing $10,000 as earnest money for a $200,000 property, what can the seller do with the $10,000? - Correct Answer Keep the entire amount as compensation. Earnest money serves as a form of security deposit and is typically forfeited by the buyer in the event of default as a way to compensate the seller for any losses or damages Surface rights, air rights and subsurface rights are all rights that can be sold by a property owner while still retaining the property itself. These rights are known as: - Correct Answer Severable rights Surface rights, air rights, and subsurface rights can be sold separately and are called severable rights. When an easement allows the use of a neighboring property which automatically transfers upon the sale of either dominant or servient property, it is called what type of easement? - Correct Answer Easement Appurtenant Appurtenant means "runs with the land". An easement Appurtenant is an easement allowing the use of a neighboring property which automatically transfers upon the sale of either dominant or servient property. In real estate, what is the closest meaning to the term "quieting a title?" - Correct Answer Clearing any liens or encumbrances on a property.