Real Estate License Exam A+ Grade Assured Complete Solutions And Verified Answers

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Exam Solution +x




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SURED COMPLETE SOLUTIONS AND VERIFIED ANSWER
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S (03266)
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QUESTION 1 +x




Term
ANSWER

Definition



QUESTION 2 +x




A property owner has decided to do some landscaping work on his yard. He has plante
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d a tree surrounded by some flowering shrubs. The tree and shrubs are an example of..
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.
ANSWER

improvements



QUESTION 3 +x




A property owner has a waterfront lot on a stream. He has the right to use the water fr
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om the stream. What is this right called?
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ANSWER

riparian



QUESTION 4 +x




A tenant is aware that his lease will expire at the end of the month. He has begun to di
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sassemble his display cabinets and shelves. Which of the following statements about thi
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s is true
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,ANSWER

the tenant can take these as they are trade fixtures
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QUESTION 5 +x




A seller is attending the closing on his property. The title company has discovered an u
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nsatisfied M&M lien on the property. Which of the following is the most likely reason fo
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r the lien?
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ANSWER

plumbing work that was completed but never paid for
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QUESTION 6 +x




A listing agent went to inspect a seller's property hoping to list it for sale. The seller tol
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d the listing agent that his neighbor's satellite dish trespasses on his property. This is a
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n example of...
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ANSWER

encroachment



QUESTION 7 +x




A father gives his son a life estate on a property. The son leases the property. The tena
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nt dies. What happens to the property?
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ANSWER

it goes back to the son until he dies
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QUESTION 8 +x




A man leaves his second wife a life estate in their home after which the property goes t
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o his children from his first marriage. The children...
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ANSWER

are remaindermen
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QUESTION 9 +x




Which of the following statements about an easement is true?
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ANSWER

,an easement is a benefit to the dominant property owner
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QUESTION 10 +x




P, Q and R are joint tenants. P wants to sell the property, but Q and R do not. What can
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P do?
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ANSWER

file a suit for partition
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QUESTION 11 +x




A, B and C are joint tenants. C dies. B sells his share to
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D. What type of ownership do A and D have?
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ANSWER

tenants in common +x +x




QUESTION 12 +x




Under what right can the government change property use from commercial to residen
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tial only? +x




ANSWER

police power +x




QUESTION 13 +x




Ownership of the common areas of condominiums is most likely to be:
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ANSWER

tenancy in common +x +x




QUESTION 14 +x




What should a buyer do to ensure that his is getting the best title to real property?
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ANSWER

get a general warranty deed
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QUESTION 15 +x

, Which covenant in a deed guarantees that the owners will not suffer or be disturbed by
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any claims on the property?
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ANSWER

the covenant of quiet enjoyment
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QUESTION 16 +x




Excess money at a foreclosure sale goes to...
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ANSWER

the borrower
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QUESTION 17 +x




After defaulting on a real estate loan, a borrower is able to pay off the loan prior to the
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foreclosure sale. This is called:
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ANSWER

right of redemption
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QUESTION 18 +x




The required distance between buildings and a federally protected endangered species
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wetlands is an example of... +x +x +x +x




ANSWER

a buffer zone
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QUESTION 19 +x




A couple purchased a condominium. The complex has an exercise room for all resident
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s. The couple does not use the exercise room and does not want to pay the monthly fee
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for the use of the facility. What can they do to avoid this fee?
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ANSWER

they must pay the fee as they have a tenancy in common interest in all common areas
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QUESTION 20 +x




Which of the following is personal property?
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ANSWER