QUESTIONS AND CORRECT ANSWER WITH
EXPLANATION LATEST 2025-2026
1.
Pearson VUE administers exams to:
A. Evaluate licensing eligibility
B. Approve mortgages
C. Set property taxes
D. Issue deeds
Answer: A
Rationale: Pearson VUE delivers standardized licensing exams.
2.
A real estate license allows a person to:
A. Represent clients in property transactions
B. Issue bank loans
C. Appraise without certification
D. Set tax rates
Answer: A
Rationale: License authorizes real estate practice.
3.
Real property includes:
A. Land and improvements
B. Vehicles
C. Jewelry
D. Cash
Answer: A
Rationale: Real estate is land plus attachments.
,4.
Personal property is:
A. Movable property
B. Land
C. Buildings
D. Fixtures
Answer: A
Rationale: Also called chattel.
5.
A fixture is:
A. Permanently attached item
B. Portable furniture
C. Cash
D. Lease agreement
Answer: A
Rationale: Becomes part of real estate.
6.
A deed is used to:
A. Transfer ownership
B. Approve loans
C. Set taxes
D. Record inspection
Answer: A
Rationale: Transfers title.
7.
The borrower in a mortgage is:
A. Mortgagor
B. Mortgagee
C. Trustee
D. Appraiser
, Answer: A
Rationale: Borrower gives mortgage.
8.
The lender is:
A. Mortgagee
B. Mortgagor
C. Lessee
D. Grantor
Answer: A
Rationale: Lender receives repayment rights.
9.
A lien is:
A. Claim against property
B. Lease
C. Insurance policy
D. Appraisal report
Answer: A
Rationale: Secures debt.
10.
Foreclosure is:
A. Legal process to recover debt
B. Property inspection
C. Lease renewal
D. Tax adjustment
Answer: A
Rationale: Lender takes property due to default.
11.