PEARSON VUE REAL ESTATE EXAMINATION PRACTICE SET: 200
QUESTIONS COVERING ALL TESTED SUBJECT AREAS WITH
VERIFIED ANSWER KEY FOR THE UPCOMING LICENSING EXAM
1. Which of the following is classified as personal property rather than
real property?
A. A built-in fireplace
B. A chandelier attached to the ceiling
C. A refrigerator not bolted to the floor
D. The land itself
Answer: C
2. The four economic characteristics of real property include scarcity,
modification, permanence of investment, and which of the following?
A. Immobility
B. Indestructibility
C. Area preference (situs)
D. Non-homogeneity
Answer: C
3. A legal description that uses a point of beginning, then describes
boundaries by direction and distance, is known as what method?
A. Lot and block
B. Metes and bounds
C. Rectangular survey
D. Government survey
Answer: B
,4. Which governmental power allows the government to take private
property for public use with just compensation?
A. Police power
B. Eminent domain
C. Taxation
D. Escheat
Answer: B
5. A covenant that restricts how a property may be used and runs with
the land is known as a:
A. License
B. Easement
C. Restrictive covenant
D. Encroachment
Answer: C
6. Which of the following is the most complete and highest form of
property ownership?
A. Fee simple defeasible
B. Life estate
C. Fee simple absolute
D. Leasehold estate
Answer: C
7. In joint tenancy, which right allows surviving owners to
automatically inherit a deceased co-owner's share?
A. Right of possession
B. Right of survivorship
C. Right of alienation
,D. Right of partition
Answer: B
8. A leasehold estate with a definite beginning and ending date is
called a(n):
A. Estate at will
B. Estate for years
C. Periodic estate
D. Estate at sufferance
Answer: B
9. Which of the following is NOT a required element of a valid deed?
A. Grantor and grantee
B. Consideration
C. Words of conveyance
D. Witness signatures
Answer: D
10. A deed that provides the grantee with the greatest protection
against title defects is a:
A. Quitclaim deed
B. Warranty deed
C. Bargain and sale deed
D. Sheriff's deed
Answer: B
11. Recording a deed in the public records provides what type of
notice to the public?
A. Actual notice
B. Constructive notice
C. Inquired notice
, D. Implied notice
Answer: B
12. Which of the following is a voluntary transfer of title?
A. Adverse possession
B. Foreclosure
C. Sale of property
D. Escheat
Answer: C
13. A "cloud on title" refers to:
A. A property that has been sold multiple times
B. A claim or encumbrance that may impair the title
C. A property that has been foreclosed upon
D. A title that has been recorded improperly
Answer: B
14. Market value is best defined as:
A. The price a property sold for in its last transaction
B. The assessed value determined by the tax assessor
C. The most probable price a property should bring in a competitive
market
D. The replacement cost of the property
Answer: C
15. The appraisal principle that states value is created by the
expectation of future benefits is known as:
A. Substitution
B. Anticipation
C. Contribution
QUESTIONS COVERING ALL TESTED SUBJECT AREAS WITH
VERIFIED ANSWER KEY FOR THE UPCOMING LICENSING EXAM
1. Which of the following is classified as personal property rather than
real property?
A. A built-in fireplace
B. A chandelier attached to the ceiling
C. A refrigerator not bolted to the floor
D. The land itself
Answer: C
2. The four economic characteristics of real property include scarcity,
modification, permanence of investment, and which of the following?
A. Immobility
B. Indestructibility
C. Area preference (situs)
D. Non-homogeneity
Answer: C
3. A legal description that uses a point of beginning, then describes
boundaries by direction and distance, is known as what method?
A. Lot and block
B. Metes and bounds
C. Rectangular survey
D. Government survey
Answer: B
,4. Which governmental power allows the government to take private
property for public use with just compensation?
A. Police power
B. Eminent domain
C. Taxation
D. Escheat
Answer: B
5. A covenant that restricts how a property may be used and runs with
the land is known as a:
A. License
B. Easement
C. Restrictive covenant
D. Encroachment
Answer: C
6. Which of the following is the most complete and highest form of
property ownership?
A. Fee simple defeasible
B. Life estate
C. Fee simple absolute
D. Leasehold estate
Answer: C
7. In joint tenancy, which right allows surviving owners to
automatically inherit a deceased co-owner's share?
A. Right of possession
B. Right of survivorship
C. Right of alienation
,D. Right of partition
Answer: B
8. A leasehold estate with a definite beginning and ending date is
called a(n):
A. Estate at will
B. Estate for years
C. Periodic estate
D. Estate at sufferance
Answer: B
9. Which of the following is NOT a required element of a valid deed?
A. Grantor and grantee
B. Consideration
C. Words of conveyance
D. Witness signatures
Answer: D
10. A deed that provides the grantee with the greatest protection
against title defects is a:
A. Quitclaim deed
B. Warranty deed
C. Bargain and sale deed
D. Sheriff's deed
Answer: B
11. Recording a deed in the public records provides what type of
notice to the public?
A. Actual notice
B. Constructive notice
C. Inquired notice
, D. Implied notice
Answer: B
12. Which of the following is a voluntary transfer of title?
A. Adverse possession
B. Foreclosure
C. Sale of property
D. Escheat
Answer: C
13. A "cloud on title" refers to:
A. A property that has been sold multiple times
B. A claim or encumbrance that may impair the title
C. A property that has been foreclosed upon
D. A title that has been recorded improperly
Answer: B
14. Market value is best defined as:
A. The price a property sold for in its last transaction
B. The assessed value determined by the tax assessor
C. The most probable price a property should bring in a competitive
market
D. The replacement cost of the property
Answer: C
15. The appraisal principle that states value is created by the
expectation of future benefits is known as:
A. Substitution
B. Anticipation
C. Contribution
