Real Estate National Practice Test – A
Review of 350+ Pearson VUE Questions and
Correct Answers with Rationales / Pearson
Vue Real Estate Latest Practice Test Bank
S and M plan to buy a home together but want to be able to will their property
individually to their own children from previous marriages. They should hold title
as:
A. tenants by the entirety.
B. joint tenants.
C. tenants in common.
D. tenants in severalty. - ANSWER-C. tenants in common.
-there is no right to survivorship in TIC. Tenants by entirety and joint tenants
would go to the survivor and Tenants in severalty would be only 1 owner
Which factor primarily affect supply in the real estate market?
a. population
b. demographics
c. employment
d. governmental monetary policy - ANSWER-d. governmental monetary policy
1
,A licensee who has several years of experience in the industry decided to retire
from actively marketing properties. Now this licensee helps clients choose among
the various alternatives involved in purchasing, using, or investing in property.
What is this licensee's profession?
a. Real estate counselor
b. Real estate appraiser
c. Real estate educator
d. REALTOR - ANSWER-a. Real estate counselor
A licensed real estate professional acting as a point of contact between two or more
people in negotiating the sale, rental, or purchase of a property is known as a:
a. Sales affiliate
b. Broker
c. Property manager
d. appraiser - ANSWER-b. Broker
When responsible for maintaining a client's property and maximizing the return on
the client's investment, a broker is serving as a:
a. Rental agent
b. Building maintenance specialist
c. Property manager
d. Investment counselor - ANSWER-c. Property manager
The term nonhomogeneity refers to:
2
,a. scarcity.
b. immobility.
c. uniqueness.
d. indestructibility. - ANSWER-c. uniqueness.
A man inherited a piece of vacant land, removed and sold all the topsoil, limestone,
and gravel. At his death, he left the property to his daughter. Which is TRUE?
a. The daughter inherits nothing because the property no longer exists.
b. The daughter inherits the property as is.
c. The daughter owns the gravel, limestone, and topsoil, no matter where it is.
d. The man's estate must restore the property to its original condition. - ANSWER-
b. The daughter inherits the property as is.
**A salesperson who completes a written listing agreement with a seller is helping
to create a contractual relationship between the:
A.salesperson and the seller
B.salesperson and the buyer
C.salesperson and the listing broker
D.salesperson's broker and the seller - ANSWER-D.salesperson's broker and the
seller
J and his sister K were co-owners of a lot. K became the sole owner automatically
when J died, because they owned the lot:
3
, a. in severalty
b. in joint tenancy
c. as community property
d. in tenancy by entirety - ANSWER-B. In joint tenancy
-Tenancy by entirety is only for spouses. Tenancy in Severalty is ownership by one
individual or entity.
L, M, and N owned property as joint tenants. M died, followed by the death of N.
Title to the property would be held by :
A. L in severalty.
B. L and the heirs of N as tenants in common.
C. L and the heirs of N in joint tenancy.
D. L and the heirs of both M and N as tenants in common. - ANSWER-A. L in
severalty.
On M's death, Land N held title as joint tenants. When N died, L owned the
property in severalty. Interest of joint tenant passes by survivorship to remaining
joint tenant(s)
Interval exclusive occupancy coupled with a tenancy-in-common interest describes
a(n)
A. estate for years.
B. tenancy at sufferance.
C. cooperative.
4
Review of 350+ Pearson VUE Questions and
Correct Answers with Rationales / Pearson
Vue Real Estate Latest Practice Test Bank
S and M plan to buy a home together but want to be able to will their property
individually to their own children from previous marriages. They should hold title
as:
A. tenants by the entirety.
B. joint tenants.
C. tenants in common.
D. tenants in severalty. - ANSWER-C. tenants in common.
-there is no right to survivorship in TIC. Tenants by entirety and joint tenants
would go to the survivor and Tenants in severalty would be only 1 owner
Which factor primarily affect supply in the real estate market?
a. population
b. demographics
c. employment
d. governmental monetary policy - ANSWER-d. governmental monetary policy
1
,A licensee who has several years of experience in the industry decided to retire
from actively marketing properties. Now this licensee helps clients choose among
the various alternatives involved in purchasing, using, or investing in property.
What is this licensee's profession?
a. Real estate counselor
b. Real estate appraiser
c. Real estate educator
d. REALTOR - ANSWER-a. Real estate counselor
A licensed real estate professional acting as a point of contact between two or more
people in negotiating the sale, rental, or purchase of a property is known as a:
a. Sales affiliate
b. Broker
c. Property manager
d. appraiser - ANSWER-b. Broker
When responsible for maintaining a client's property and maximizing the return on
the client's investment, a broker is serving as a:
a. Rental agent
b. Building maintenance specialist
c. Property manager
d. Investment counselor - ANSWER-c. Property manager
The term nonhomogeneity refers to:
2
,a. scarcity.
b. immobility.
c. uniqueness.
d. indestructibility. - ANSWER-c. uniqueness.
A man inherited a piece of vacant land, removed and sold all the topsoil, limestone,
and gravel. At his death, he left the property to his daughter. Which is TRUE?
a. The daughter inherits nothing because the property no longer exists.
b. The daughter inherits the property as is.
c. The daughter owns the gravel, limestone, and topsoil, no matter where it is.
d. The man's estate must restore the property to its original condition. - ANSWER-
b. The daughter inherits the property as is.
**A salesperson who completes a written listing agreement with a seller is helping
to create a contractual relationship between the:
A.salesperson and the seller
B.salesperson and the buyer
C.salesperson and the listing broker
D.salesperson's broker and the seller - ANSWER-D.salesperson's broker and the
seller
J and his sister K were co-owners of a lot. K became the sole owner automatically
when J died, because they owned the lot:
3
, a. in severalty
b. in joint tenancy
c. as community property
d. in tenancy by entirety - ANSWER-B. In joint tenancy
-Tenancy by entirety is only for spouses. Tenancy in Severalty is ownership by one
individual or entity.
L, M, and N owned property as joint tenants. M died, followed by the death of N.
Title to the property would be held by :
A. L in severalty.
B. L and the heirs of N as tenants in common.
C. L and the heirs of N in joint tenancy.
D. L and the heirs of both M and N as tenants in common. - ANSWER-A. L in
severalty.
On M's death, Land N held title as joint tenants. When N died, L owned the
property in severalty. Interest of joint tenant passes by survivorship to remaining
joint tenant(s)
Interval exclusive occupancy coupled with a tenancy-in-common interest describes
a(n)
A. estate for years.
B. tenancy at sufferance.
C. cooperative.
4
