NATIONAL REAL ESTATE EXAM PRACTICE TEST WITH
VERIFIED ANSWERS 2025,2026 LATEST EDITION !!
|A+PASS WITNESSED|<UPDATED AND COMPLETE>
QUESTION A property owner has decided to do some landscaping work on his yard. He has
planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of... -
ANSWERimprovements
QUESTION A property owner has a waterfront lot on a stream. He has the right to use the water
from the stream. What is this right called? - ANSWERriparian
QUESTION A tenant is aware that his lease will expire at the end of the month. He has begun to
disassemble his display cabinets and shelves. Which of the following statements about this is
true - ANSWERthe tenant can take these as they are trade fixtures
QUESTION A seller is attending the closing on his property. The title company has discovered
an unsatisfied M&M lien on the property. Which of the following is the most likely reason for
the lien? - ANSWERplumbing work that was completed but never paid for
QUESTION A listing agent went to inspect a seller's property hoping to list it for sale. The seller
told the listing agent that his neighbor's satellite dish trespasses on his property. This is an
example of... - ANSWERencroachment
QUESTION A father gives his son a life estate on a property. The son leases the property. The
tenant dies. What happens to the property? - ANSWERit goes back to the son until he dies
QUESTION A man leaves his second wife a life estate in their home after which the property
goes to his children from his first marriage. The children... - ANSWERare remaindermen
QUESTION Which of the following statements about an easement is true? - ANSWERan
easement is a benefit to the dominant property owner
, QUESTION P, Q and R are joint tenants. P wants to sell the property, but Q and R do not. What
can P do? - ANSWERfile a suit for partition
QUESTION A, B and C are joint tenants. C dies. B sells his share to D. What type of ownership
do A and D have? - ANSWERtenants in common
QUESTION Under what right can the government change property use from commercial to
residential only? - ANSWERpolice power
QUESTION Ownership of the common areas of condominiums is most likely to be: -
ANSWERtenancy in common
QUESTION What should a buyer do to ensure that his is getting the best title to real property? -
ANSWERget a general warranty deed
QUESTION Which covenant in a deed guarantees that the owners will not suffer or be disturbed
by any claims on the property? - ANSWERthe covenant of quiet enjoyment
QUESTION Excess money at a foreclosure sale goes to... - ANSWERthe borrower
QUESTION After defaulting on a real estate loan, a borrower is able to pay off the loan prior to
the foreclosure sale. This is called: - ANSWERright of redemption
QUESTION The required distance between buildings and a federally protected endangered
species wetlands is an example of... - ANSWERa buffer zone
QUESTION A couple purchased a condominium. The complex has an exercise room for all
residents. The couple does not use the exercise room and does not want to pay the monthly fee
for the use of the facility. What can they do to avoid this fee? - ANSWERthey must pay the fee
as they have a tenancy in common interest in all common areas
,QUESTION Which of the following is personal property? - ANSWERa lease
QUESTION A landlord leased space in his new retail property to an inexperienced business
person. Based on location and the type of business, the landlord believes it will be a great
success. What type of lease can he enter into with the tenant that will allow the landlord to
benefit from the tenant's success? - ANSWERa percentage lease
QUESTION A buyer has purchased a property and after closing the seller will continue to
occupy the property. This is an example of... - ANSWERsale and leaseback
QUESTION Your client will be able to qualify for a property they wish to purchase in about 6
months, after they had an opportunity to reduce their consumer debt. They have found a property
that they would like to purchase now. What type of agreement can they enter into with a seller
that will allow them to occupy the property now and purchase it within the 6 months? -
ANSWERlease with an option to buy
QUESTION Tenants have signed a 3 year lease on a property. In the second year the owner dies
and his heirs inherit the property. They give the tenants notice to vacate. What is true? -
ANSWERthe tenants can stay until the end of the lease
QUESTION A developer decides to build a commercial property in the middle of a residential
subdivision. What is required? - ANSWERa variance
QUESTION A zoning ordinance would affect which of the following? - ANSWERthe
concentration of housing in a residential area
QUESTION If a person dies without a will, who receives their estate? - ANSWERspouse and
children
QUESTION What are the requirements/ criteria for real estate to have values? -
ANSWERdemand, utility, scarcity, transferability
, QUESTION What principle of value defines the most important factor for appraisal? -
ANSWERhighest and best use
QUESTION What approach would an appraiser most likely use to value a residential rent house
in neighborhood where a majority of the homes are leased? - ANSWERincome approach
QUESTION A licensed broker is advertising that he will perform a free appraisal if you contact
him for a listing appointment. He is not in violation of the law... - ANSWERif he is a licensed
appraiser
QUESTION Which of the following is NOT an example of functional obsolescence? -
ANSWERdeferred maintenance
QUESTION According to the Statute of Frauds, which of the following leases must be in
writing? - ANSWERa lease for more than one year
QUESTION Your client is an investor who would like to have the right to purchase a
commercial tract for $5 million for the next 6 months. What type of contract should he enter into
with the seller? - ANSWERan option contract
QUESTION A signed sales contract that has not yet gone to closing is... - ANSWERexecutory
QUESTION When does an offer become a contract? - ANSWERWhen the offeree gives the
offeror notice of the acceptance
QUESTION Which of the following statements is true about the duties of an agent according to
the common law of agency? - ANSWERan agent must treat both clients and customers with
honesty and fairness
QUESTION A property manager is hired and signs a management agreement with the owner. At
this time, the property manager is... - ANSWERa general agent
VERIFIED ANSWERS 2025,2026 LATEST EDITION !!
|A+PASS WITNESSED|<UPDATED AND COMPLETE>
QUESTION A property owner has decided to do some landscaping work on his yard. He has
planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of... -
ANSWERimprovements
QUESTION A property owner has a waterfront lot on a stream. He has the right to use the water
from the stream. What is this right called? - ANSWERriparian
QUESTION A tenant is aware that his lease will expire at the end of the month. He has begun to
disassemble his display cabinets and shelves. Which of the following statements about this is
true - ANSWERthe tenant can take these as they are trade fixtures
QUESTION A seller is attending the closing on his property. The title company has discovered
an unsatisfied M&M lien on the property. Which of the following is the most likely reason for
the lien? - ANSWERplumbing work that was completed but never paid for
QUESTION A listing agent went to inspect a seller's property hoping to list it for sale. The seller
told the listing agent that his neighbor's satellite dish trespasses on his property. This is an
example of... - ANSWERencroachment
QUESTION A father gives his son a life estate on a property. The son leases the property. The
tenant dies. What happens to the property? - ANSWERit goes back to the son until he dies
QUESTION A man leaves his second wife a life estate in their home after which the property
goes to his children from his first marriage. The children... - ANSWERare remaindermen
QUESTION Which of the following statements about an easement is true? - ANSWERan
easement is a benefit to the dominant property owner
, QUESTION P, Q and R are joint tenants. P wants to sell the property, but Q and R do not. What
can P do? - ANSWERfile a suit for partition
QUESTION A, B and C are joint tenants. C dies. B sells his share to D. What type of ownership
do A and D have? - ANSWERtenants in common
QUESTION Under what right can the government change property use from commercial to
residential only? - ANSWERpolice power
QUESTION Ownership of the common areas of condominiums is most likely to be: -
ANSWERtenancy in common
QUESTION What should a buyer do to ensure that his is getting the best title to real property? -
ANSWERget a general warranty deed
QUESTION Which covenant in a deed guarantees that the owners will not suffer or be disturbed
by any claims on the property? - ANSWERthe covenant of quiet enjoyment
QUESTION Excess money at a foreclosure sale goes to... - ANSWERthe borrower
QUESTION After defaulting on a real estate loan, a borrower is able to pay off the loan prior to
the foreclosure sale. This is called: - ANSWERright of redemption
QUESTION The required distance between buildings and a federally protected endangered
species wetlands is an example of... - ANSWERa buffer zone
QUESTION A couple purchased a condominium. The complex has an exercise room for all
residents. The couple does not use the exercise room and does not want to pay the monthly fee
for the use of the facility. What can they do to avoid this fee? - ANSWERthey must pay the fee
as they have a tenancy in common interest in all common areas
,QUESTION Which of the following is personal property? - ANSWERa lease
QUESTION A landlord leased space in his new retail property to an inexperienced business
person. Based on location and the type of business, the landlord believes it will be a great
success. What type of lease can he enter into with the tenant that will allow the landlord to
benefit from the tenant's success? - ANSWERa percentage lease
QUESTION A buyer has purchased a property and after closing the seller will continue to
occupy the property. This is an example of... - ANSWERsale and leaseback
QUESTION Your client will be able to qualify for a property they wish to purchase in about 6
months, after they had an opportunity to reduce their consumer debt. They have found a property
that they would like to purchase now. What type of agreement can they enter into with a seller
that will allow them to occupy the property now and purchase it within the 6 months? -
ANSWERlease with an option to buy
QUESTION Tenants have signed a 3 year lease on a property. In the second year the owner dies
and his heirs inherit the property. They give the tenants notice to vacate. What is true? -
ANSWERthe tenants can stay until the end of the lease
QUESTION A developer decides to build a commercial property in the middle of a residential
subdivision. What is required? - ANSWERa variance
QUESTION A zoning ordinance would affect which of the following? - ANSWERthe
concentration of housing in a residential area
QUESTION If a person dies without a will, who receives their estate? - ANSWERspouse and
children
QUESTION What are the requirements/ criteria for real estate to have values? -
ANSWERdemand, utility, scarcity, transferability
, QUESTION What principle of value defines the most important factor for appraisal? -
ANSWERhighest and best use
QUESTION What approach would an appraiser most likely use to value a residential rent house
in neighborhood where a majority of the homes are leased? - ANSWERincome approach
QUESTION A licensed broker is advertising that he will perform a free appraisal if you contact
him for a listing appointment. He is not in violation of the law... - ANSWERif he is a licensed
appraiser
QUESTION Which of the following is NOT an example of functional obsolescence? -
ANSWERdeferred maintenance
QUESTION According to the Statute of Frauds, which of the following leases must be in
writing? - ANSWERa lease for more than one year
QUESTION Your client is an investor who would like to have the right to purchase a
commercial tract for $5 million for the next 6 months. What type of contract should he enter into
with the seller? - ANSWERan option contract
QUESTION A signed sales contract that has not yet gone to closing is... - ANSWERexecutory
QUESTION When does an offer become a contract? - ANSWERWhen the offeree gives the
offeror notice of the acceptance
QUESTION Which of the following statements is true about the duties of an agent according to
the common law of agency? - ANSWERan agent must treat both clients and customers with
honesty and fairness
QUESTION A property manager is hired and signs a management agreement with the owner. At
this time, the property manager is... - ANSWERa general agent
