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REAL ESTATE FUNDAMENTALS FINAL EXAM
PREPARATION QUESTIONS AND ANSWERS PRACTICE
QUESTIONS WITH SOLUTIONS AND NEWEST 2026-2027
| ALREADY GRADED A+
The definition of real property - ANSWER-Bundle of Legal Rights is property
included in
Possession, Enjoyment, Exclusion, Disposition, control - ANSWER-Bundle of
rights concept
Subsurface rights - ANSWER-In Pennsylvania, mine activities refers to
indestructible - ANSWER-Land is considered to be
Is not a regulatory document - ANSWER-The Comprehensive Plan
Deed restrictions - ANSWER-Zoning does not affect such things as
A planning tool used to separate industry and business from residential
neighborhoods. - ANSWER-Zoning
A law that limits the permitted uses of land and maximum density of
development in a community. - ANSWER-Zoning Ordinance
A strip of land, usually used as a park or designated for a similar use,
separating land dedicated to one use from land dedicated to another use. - ANSWER-
buffer zones
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action, initiated by a property owner against the government, to recover the loss
in property value - ANSWER-Inverse Condemnation
permitted use of the land, lot sizes, types of structures, building heights,
setbacks( the minimum distance structures may be built from streets or
sidewalks) density(the ratio of land area to structure area or population)
protection of natural resources - ANSWER-Zoning Affects:
The use of the land - ANSWER-The grantor of a deed may place effective
restrictions on
The effect of a zoning ordinance - ANSWER-Zoning Hearing Board are
established to hear complaints about
. a nonconforming use - ANSWER-A new zoning ordinance is enacted. A building that
is permitted to continue in its former use even though that use does not comply with a
new zoning ordinance is an example of
Impact fees - ANSWER-When a development increases the traffic flow on
existing streets and highways, the municipality can fund the cost of
transportation improvements that needed because of this development through
Provide each purchaser with a report of the details of the land, as registered with HUD.
- ANSWER-To protect the public from fraudulent interstate land sales, a developer
involved in interstate land sale of 25 or more lots must
Comprehensive plans - ANSWER-Where are permitted land uses and set- asides,
housing projects, transportation issues, and objectives for implementing future
controlled development found
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The purchaser may revoke the contract, at the purchaser's option, up to midnight of the
seventh calendar day following the signing of the contract. - ANSWER-Under the
Interstate Land Sales Full Disclosure Act, what is the outcome if the property report is
not given to the prospective purchaser before the contract is signed?
After a newly constructed building has been inspected and found satisfactory by the
municipal inspector - ANSWER-When is a certificate of occupancy issued?
zoning ordinance - ANSWER-To determine whether a location can be put to
future use as a retail store , one would examine the
Is an emblement - ANSWER-Corn
Method of removal - ANSWER-In determining intent of a fixture real property,
court use the following three basic tests , which of the following are not one of
these test
Indestructibility - ANSWER-Which of the following is not an economic
characteristic of real estate
Installing new parks - ANSWER-Which of the following is not a part of impact
fees ,which are charges made in advance to cover anticipated expenses
involving offsite capital improvements
a nonconforming use - ANSWER-A new zoning ordinance is enacted. A building
that is permitted to continue in its former use even though that use does not
comply with a new zoning ordinance is an example of
REAL ESTATE FUNDAMENTALS FINAL EXAM
PREPARATION QUESTIONS AND ANSWERS PRACTICE
QUESTIONS WITH SOLUTIONS AND NEWEST 2026-2027
| ALREADY GRADED A+
The definition of real property - ANSWER-Bundle of Legal Rights is property
included in
Possession, Enjoyment, Exclusion, Disposition, control - ANSWER-Bundle of
rights concept
Subsurface rights - ANSWER-In Pennsylvania, mine activities refers to
indestructible - ANSWER-Land is considered to be
Is not a regulatory document - ANSWER-The Comprehensive Plan
Deed restrictions - ANSWER-Zoning does not affect such things as
A planning tool used to separate industry and business from residential
neighborhoods. - ANSWER-Zoning
A law that limits the permitted uses of land and maximum density of
development in a community. - ANSWER-Zoning Ordinance
A strip of land, usually used as a park or designated for a similar use,
separating land dedicated to one use from land dedicated to another use. - ANSWER-
buffer zones
,2|Page
action, initiated by a property owner against the government, to recover the loss
in property value - ANSWER-Inverse Condemnation
permitted use of the land, lot sizes, types of structures, building heights,
setbacks( the minimum distance structures may be built from streets or
sidewalks) density(the ratio of land area to structure area or population)
protection of natural resources - ANSWER-Zoning Affects:
The use of the land - ANSWER-The grantor of a deed may place effective
restrictions on
The effect of a zoning ordinance - ANSWER-Zoning Hearing Board are
established to hear complaints about
. a nonconforming use - ANSWER-A new zoning ordinance is enacted. A building that
is permitted to continue in its former use even though that use does not comply with a
new zoning ordinance is an example of
Impact fees - ANSWER-When a development increases the traffic flow on
existing streets and highways, the municipality can fund the cost of
transportation improvements that needed because of this development through
Provide each purchaser with a report of the details of the land, as registered with HUD.
- ANSWER-To protect the public from fraudulent interstate land sales, a developer
involved in interstate land sale of 25 or more lots must
Comprehensive plans - ANSWER-Where are permitted land uses and set- asides,
housing projects, transportation issues, and objectives for implementing future
controlled development found
, 3|Page
The purchaser may revoke the contract, at the purchaser's option, up to midnight of the
seventh calendar day following the signing of the contract. - ANSWER-Under the
Interstate Land Sales Full Disclosure Act, what is the outcome if the property report is
not given to the prospective purchaser before the contract is signed?
After a newly constructed building has been inspected and found satisfactory by the
municipal inspector - ANSWER-When is a certificate of occupancy issued?
zoning ordinance - ANSWER-To determine whether a location can be put to
future use as a retail store , one would examine the
Is an emblement - ANSWER-Corn
Method of removal - ANSWER-In determining intent of a fixture real property,
court use the following three basic tests , which of the following are not one of
these test
Indestructibility - ANSWER-Which of the following is not an economic
characteristic of real estate
Installing new parks - ANSWER-Which of the following is not a part of impact
fees ,which are charges made in advance to cover anticipated expenses
involving offsite capital improvements
a nonconforming use - ANSWER-A new zoning ordinance is enacted. A building
that is permitted to continue in its former use even though that use does not
comply with a new zoning ordinance is an example of
