Real Estate Salesperson License Exam
Questions With Correct Answers
The fact that an individual must go to the land describes what physical
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characteristics of land? - CORRECT ANSWER✔✔-Immobility | | | | |
John and Mary are co-owners of a property. John has a 60% interest in
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the property and Mary has 40%. What type of freehold estate do they
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have? - CORRECT ANSWER✔✔-Tenancy in Common
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A Property is surveyed to determine a legal description. The surveyor
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works from a point of beginning, and measures terminal points and
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angles. What method of land description is he using? - CORRECT
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ANSWER✔✔-Metes and Bounds | |
John leased space in a building and installed bookcases and ceiling fans
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in that space. His lease will end soon. What will happen to the
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bookcases and fan? - CORRECT ANSWER✔✔-Because they have been
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installed, the bookcases and fans are fixtures and have become part of
| | | | | | | | | | | |
the property. He must leave them behind.
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,What is an example of involuntary, statutory, specific lien? - CORRECT
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ANSWER✔✔-Ad Valorem Tax Lien | | |
Buyer's agent has helped her buyers find a property. The sellers have
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installed a fountain in the courtyard and the buyers have stressed tot
| | | | | | | | | | | |
heir agent that they want the fountain to be included in the purchase.
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What should the buyers' agent do to ensure that her clients get the
| | | | | | | | | | | | |
fountain? - CORRECT ANSWER✔✔-The agent can include wording int he
| | | | | | | | |
|buyers' offer that indicates the fountain is included in the sale.
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All of the following are fixtures except?:
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1. Shrubs
|
2. Pool |
3. Tree |
4. Land - CORRECT ANSWER✔✔-Land
| | | |
Mary and John are married with grown children. Both are intestate. If
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John dies and Mary becomes the owner of the home, what type of
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ownership did they have? - CORRECT ANSWER✔✔-Tenancy by the
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Entirety
A one-half acre parcel of land in Manhattan, NY is worth considerably
| | | | | | | | | | | |
more than a one-half acre parcel in White Plains, NY. This is an example
| | | | | | | | | | | | | |
of: - CORRECT ANSWER✔✔-Scarcity
| | |
, What is the difference between an easement and a lien? - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-Easement is a right in land and a lien is not | | | | | | | | | |
A seller shows his property with ceiling fans. After closing when the
| | | | | | | | | | | |
buyer enters the house the ceiling fans have been removed and the
| | | | | | | | | | | |
wires are hanging down from the ceiling. What best describes this
| | | | | | | | | | |
situation? - CORRECT ANSWER✔✔-The seller cannot take the fans
| | | | | | | | |
because they are fixtures. | | |
A married couple purchases property and takes title as Tenants by the
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Entirety. What is not true about this? - CORRECT ANSWER✔✔-When the
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spouse dies their share will pass to their heirs including but not limited
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to the surviving spouse.
| | |
The local government needs your land to build a new high school. They
| | | | | | | | | | | | |
have the right to take your land for the public good. What is this called?
| | | | | | | | | | | | | |
- CORRECT ANSWER✔✔-Eminent Domain
| | | |
You have recently purchased property in an area regulated by zoning. It
| | | | | | | | | | | |
has come to your attention that you have zoning violation on the
| | | | | | | | | | | |
property. What should you do? - CORRECT ANSWER✔✔-Request a
| | | | | | | | |
variance from the zoning board | | | |
Questions With Correct Answers
The fact that an individual must go to the land describes what physical
| | | | | | | | | | | | |
characteristics of land? - CORRECT ANSWER✔✔-Immobility | | | | |
John and Mary are co-owners of a property. John has a 60% interest in
| | | | | | | | | | | | | |
the property and Mary has 40%. What type of freehold estate do they
| | | | | | | | | | | | |
have? - CORRECT ANSWER✔✔-Tenancy in Common
| | | | |
A Property is surveyed to determine a legal description. The surveyor
| | | | | | | | | | |
works from a point of beginning, and measures terminal points and
| | | | | | | | | | |
angles. What method of land description is he using? - CORRECT
| | | | | | | | | | |
ANSWER✔✔-Metes and Bounds | |
John leased space in a building and installed bookcases and ceiling fans
| | | | | | | | | | | |
in that space. His lease will end soon. What will happen to the
| | | | | | | | | | | | |
bookcases and fan? - CORRECT ANSWER✔✔-Because they have been
| | | | | | | | |
installed, the bookcases and fans are fixtures and have become part of
| | | | | | | | | | | |
the property. He must leave them behind.
| | | | | |
,What is an example of involuntary, statutory, specific lien? - CORRECT
| | | | | | | | | | |
ANSWER✔✔-Ad Valorem Tax Lien | | |
Buyer's agent has helped her buyers find a property. The sellers have
| | | | | | | | | | | |
installed a fountain in the courtyard and the buyers have stressed tot
| | | | | | | | | | | |
heir agent that they want the fountain to be included in the purchase.
| | | | | | | | | | | | |
What should the buyers' agent do to ensure that her clients get the
| | | | | | | | | | | | |
fountain? - CORRECT ANSWER✔✔-The agent can include wording int he
| | | | | | | | |
|buyers' offer that indicates the fountain is included in the sale.
| | | | | | | | | |
All of the following are fixtures except?:
| | | | | | |
1. Shrubs
|
2. Pool |
3. Tree |
4. Land - CORRECT ANSWER✔✔-Land
| | | |
Mary and John are married with grown children. Both are intestate. If
| | | | | | | | | | | |
John dies and Mary becomes the owner of the home, what type of
| | | | | | | | | | | | |
ownership did they have? - CORRECT ANSWER✔✔-Tenancy by the
| | | | | | | | |
Entirety
A one-half acre parcel of land in Manhattan, NY is worth considerably
| | | | | | | | | | | |
more than a one-half acre parcel in White Plains, NY. This is an example
| | | | | | | | | | | | | |
of: - CORRECT ANSWER✔✔-Scarcity
| | |
, What is the difference between an easement and a lien? - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-Easement is a right in land and a lien is not | | | | | | | | | |
A seller shows his property with ceiling fans. After closing when the
| | | | | | | | | | | |
buyer enters the house the ceiling fans have been removed and the
| | | | | | | | | | | |
wires are hanging down from the ceiling. What best describes this
| | | | | | | | | | |
situation? - CORRECT ANSWER✔✔-The seller cannot take the fans
| | | | | | | | |
because they are fixtures. | | |
A married couple purchases property and takes title as Tenants by the
| | | | | | | | | | | |
Entirety. What is not true about this? - CORRECT ANSWER✔✔-When the
| | | | | | | | | |
spouse dies their share will pass to their heirs including but not limited
| | | | | | | | | | | | | |
to the surviving spouse.
| | |
The local government needs your land to build a new high school. They
| | | | | | | | | | | | |
have the right to take your land for the public good. What is this called?
| | | | | | | | | | | | | |
- CORRECT ANSWER✔✔-Eminent Domain
| | | |
You have recently purchased property in an area regulated by zoning. It
| | | | | | | | | | | |
has come to your attention that you have zoning violation on the
| | | | | | | | | | | |
property. What should you do? - CORRECT ANSWER✔✔-Request a
| | | | | | | | |
variance from the zoning board | | | |
