national real estate EXAM A+ GRADE ASSURED COMPLETE SOLUTIONS AND VERIFIED ANSWERS

ATI EXAM ms




Exam Solution ms




National Real Estate Exam 2026 A+ GRADE ASSURED C ms ms ms ms ms ms ms ms




OMPLETE SOLUTIONS AND VERIFIED ANSWERS (422F ms ms ms ms ms




6)




QUESTION 1 ms




1. Which method of legal description uses point of beginning, direction and distance?
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Metes and bounds. Lot and block. Government rectangular survey. Recorded plat.
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ANSWER

Metes and bounds. ms ms




QUESTION 2 ms




. A borrower's right to stop the foreclosure process prior to the foreclosure sale and r
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egain title to the mortgaged property is called: Affidavit of equitable interest. The con
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cept of equitable title. The period of equitable redemption. The period of statutory re
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demption.
ANSWER

The period of equitable redemption.
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QUESTION 3 ms




. A mortgage that covers more than one tract of real estate is called a: Reverse equity
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mortgage. Blanket mortgage. Purchase money mortgage. Package mortgage.
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ANSWER

Blanket mortgage. ms




QUESTION 4 ms

,When a single- ms ms



family home is purchased and money is borrowed, the type of title insurance that pro
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tects the lender is a(n): Mortgagee's policy. Owner's policy. Grantee's policy. Mortgago
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r's policy.
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ANSWER

Mortgagee's policy. ms




QUESTION 5 ms




The sales comparison approach to estimating value is used most frequently when esti
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mating the value of: Shopping centers. Houses. Churches. Farms.
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ANSWER

Houses.



QUESTION 6 ms




A requirement for the creation of a valid lease is: A leasehold title insurance policy. A
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right of first refusal. An option to sublease the property. A legal description of the lea
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sed property. ms




ANSWER

A legal description of the leased property.
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QUESTION 7 ms




A single business entity owns the real estate brokerage firm, lending institution, and t
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he title insurance company associated with a given real estate transaction. This is an
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example of: An illegal monopoly. A violation of anti-
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trust law. Horizontal integration. An affiliated (or controlled) business arrangement.
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ANSWER

An affiliated (or controlled) business arrangement.
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QUESTION 8 ms




The highest and best use of a property includes all of the following EXCEPT: Its unanti
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cipated use. Its most profitable use. Its most valuable use. The use for which it is zone
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d.
ANSWER

Its unanticipated use.
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, QUESTION 9 ms




The Real Estate Settlement Procedures Act is a federal law that: Prohibits kickbacks t
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o service providers. Regulates the deposit of earnest money. Regulates closing fees. Re
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gulates commission rates. ms ms




ANSWER

Prohibits kickbacks to service providers
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QUESTION 10 ms




A listing under which the owner agrees to permit the broker to keep all of the sale pr
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oceeds over the sale price of $100,000 is an example of a(n): Net listing. Multiple listi
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ng. Exclusive agency to sell listing. Open listing.
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ANSWER

Net listing.
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QUESTION 11 ms




The federal Truth-in-Lending Act is often referred to as: Regulation
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A. Regulation T. Regulation
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C. Regulation Z.
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ANSWER

Regulation Z. ms




QUESTION 12 ms




A seller receives $79,050 after paying the broker a 7% commission. What was the sal
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es price of the property? $5,950. $73,516. $79,050. $85,000.
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ANSWER

$85,000.



QUESTION 13 ms




A lease under which the tenant pays a flat rental rate plus a portion of the business s
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ales is known as a: Percentage lease. Graduated lease. Index lease. Gross lease.
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ANSWER

Percentage lease. ms