PROFESSIONAL LICENSURE RESOURCE
PERRY REAL ESTATE COLLEGE A+
FINAL EXAM
2026/2027
Comprehensive final examination resource covering real property ownership, agency, contracts, financing,
appraisal, fair housing, ethics and practice. Original items aligned to standard pre-license domains.
A+ 5 100%
QUESTIONS VERIFIED EXAM DOMAINS COVERED RATIONALES INCLUDED
CATEGORIES
■ SECTION 1: Property Ownership, Estates & Land Use Controls
■ SECTION 2: Agency, Brokerage & Fiduciary Duties
■ SECTION 3: Contracts, Deeds & Transfer of Title
■ SECTION 4: Financing, Mortgages & Appraisal
■ SECTION 5: Fair Housing, Ethics, Disclosures, Math & Regulations
Passing Score: 80% | 1 mark per question | Bloom Level: Application / Analysis
STUVIAACTUALEXAM
,SECTION 1: Property Ownership, Estates & Land Use Controls
Q1. A married couple purchases a single-family residence and takes title as tenants by the entirety. Three years later the
husband dies without a will. The wife wants to sell the property. Which statement correctly describes the ownership situation?
A. The wife automatically owns the entire property by right of survivorship and may convey it alone.
B. The husband’s half interest passes to his heirs and the wife owns only a one-half interest.
C. The property must be sold and the proceeds divided between the wife and the husband’s estate.
D. Title is frozen until a probate court issues an order of distribution.
Correct Answer: A
Rationale: Tenancy by the entirety includes an automatic right of survivorship between spouses. Upon the death of one spouse the surviving
spouse becomes the sole owner and can convey the property without the consent of the deceased spouse’s heirs.
Q2. A landowner grants an easement to a neighboring utility company to install and maintain underground power lines across
the rear twenty feet of the property. The easement is recorded. When the landowner later sells the property, the new buyer
refuses to allow the utility company access. What is the legal status of the easement?
A. The easement terminated when title transferred because it was personal to the original owner.
B. The new owner may extinguish the easement by filing a quiet-title action.
C. The easement runs with the land and binds the new owner because it is an appurtenant or in-gross servitude that was properly
recorded.
D. The utility company must renegotiate and pay new consideration to the buyer.
Correct Answer: C
Rationale: A properly created and recorded easement, whether appurtenant or in gross, is an encumbrance that runs with the land.
Subsequent purchasers take title subject to the easement.
Q3. An owner holds a life estate measured by her own life. She leases the property to a tenant for five years. Two years into the
lease the life tenant dies. What happens to the lease?
A. The lease continues for its full remaining term against the remainderman.
B. The remainderman must honor the lease but may raise the rent.
C. The lease terminates automatically upon the death of the life tenant.
D. The lease converts into a periodic tenancy at the option of the tenant.
Correct Answer: C
Rationale: A life estate ends at the death of the measuring life. Any lease granted by the life tenant cannot extend beyond that life estate;
therefore the lease terminates and the remainderman takes possession free of the lease.
Q4. A developer subdivides a large tract and records a declaration of covenants, conditions and restrictions (CC&Rs;) that
prohibits commercial use of any lot. A subsequent purchaser of one lot begins operating a home-based consulting business that
generates occasional client visits. A neighbor sues to enforce the covenant. Which analysis is most accurate?
A. The covenant is unenforceable because it restrains trade.
B. Home occupations are always exempt from private covenants.
C. If the CC&Rs; were properly recorded and run with the land, a court may enjoin the commercial activity if it violates the recorded
restriction.
D. Only the original developer has standing to enforce the restriction.
Correct Answer: C
Rationale: Recorded restrictive covenants that touch and concern the land and are intended to run with the land are enforceable by successive
owners against subsequent purchasers who take with notice.
Q5. Property is described in a deed as “Lot 14, Block B of Sunnyvale Subdivision, as shown on the plat recorded in Plat Book
22, Page 15 of the county records.” This form of description is known as:
A. Metes and bounds
B. Government rectangular survey
C. Lot and block (recorded plat)
D. Monument description
Correct Answer: C
Rationale: Reference to a recorded subdivision plat by lot and block number is the standard lot-and-block (plat) method of legal description.
STUVIAACTUALEXAM | Page 2
, Q6. A city zoning ordinance places a parcel in a residential zone that permits only single-family dwellings. The owner applies for
a variance to construct a small professional office. Under typical zoning practice, a variance is most likely to be granted when:
A. The owner simply prefers a higher economic use.
B. The planning commission wants to increase tax revenue.
C. Strict application of the ordinance would create an unnecessary hardship unique to the property and the variance will not alter the
essential character of the neighborhood.
D. A majority of neighboring owners sign a petition supporting the change.
Correct Answer: C
Rationale: Variances are granted to relieve unnecessary hardship arising from unique physical characteristics of the property, provided the
variance does not undermine the overall zoning scheme.
Q7. Three unmarried friends take title to a vacation cabin as joint tenants with right of survivorship. One friend later conveys her
interest to her brother by quitclaim deed. What is the resulting form of ownership?
A. All three remain joint tenants.
B. The brother and the remaining two friends are joint tenants.
C. The brother holds a tenancy in common interest; the other two friends remain joint tenants as to their two-thirds.
D. The conveyance is void because joint tenancy interests cannot be severed.
Correct Answer: C
Rationale: A joint tenant may sever the joint tenancy as to her own share by conveying it. The grantee becomes a tenant in common; the
remaining original joint tenants continue as joint tenants between themselves.
Q8. An owner of a fee-simple estate grants a neighbor a written right to cross the rear of the property to reach a lake. The right
is not recorded and is described as “personal to the neighbor.” When the owner sells the property, the new buyer blocks the
path. The neighbor’s strongest legal theory is:
A. An easement appurtenant that runs with the land
B. A license that is irrevocable
C. An easement in gross that is personal and does not bind the new owner
D. A prescriptive easement arising from long use
Correct Answer: C
Rationale: A right expressly made personal to the holder and not intended to run with the land is an easement in gross (or a license). It does
not automatically bind successive owners of the servient estate.
Q9. Real property taxes are levied on a property assessed at $320,000. The tax rate is 28 mills. The annual tax liability is:
A. $896
B. $11,200
C. $8,960
D. $896,000
Correct Answer: C
Rationale: A mill is one-tenth of one cent ($0.001). 28 mills = 0.028. $320,000 × 0.028 = $8,960.
Q10. A property owner builds a fence that extends two feet onto the adjoining neighbor’s land. The neighbor discovers the
encroachment five years later and sues. In most jurisdictions the neighbor’s primary remedy is:
A. Automatic title to the strip by adverse possession after five years
B. Immediate self-help removal of the fence
C. An injunction ordering removal of the fence or damages for the encroachment
D. Criminal trespass charges against the builder
Correct Answer: C
Rationale: An encroachment is a trespass. Courts typically award injunctive relief (removal) or damages; adverse possession requires the
statutory period plus the other elements of hostility, openness, etc.
Q11. Which of the following interests is considered personal property rather than real property?
A. A fee simple absolute
B. A leasehold estate of 99 years
C. A growing crop that has been constructively severed by sale (emblement)
D. An easement appurtenant
Correct Answer: C
Rationale: Emblements (annual crops cultivated by a tenant) are treated as personal property even while still attached to the land, especially
after constructive severance by sale or agreement.
STUVIAACTUALEXAM | Page 3
PERRY REAL ESTATE COLLEGE A+
FINAL EXAM
2026/2027
Comprehensive final examination resource covering real property ownership, agency, contracts, financing,
appraisal, fair housing, ethics and practice. Original items aligned to standard pre-license domains.
A+ 5 100%
QUESTIONS VERIFIED EXAM DOMAINS COVERED RATIONALES INCLUDED
CATEGORIES
■ SECTION 1: Property Ownership, Estates & Land Use Controls
■ SECTION 2: Agency, Brokerage & Fiduciary Duties
■ SECTION 3: Contracts, Deeds & Transfer of Title
■ SECTION 4: Financing, Mortgages & Appraisal
■ SECTION 5: Fair Housing, Ethics, Disclosures, Math & Regulations
Passing Score: 80% | 1 mark per question | Bloom Level: Application / Analysis
STUVIAACTUALEXAM
,SECTION 1: Property Ownership, Estates & Land Use Controls
Q1. A married couple purchases a single-family residence and takes title as tenants by the entirety. Three years later the
husband dies without a will. The wife wants to sell the property. Which statement correctly describes the ownership situation?
A. The wife automatically owns the entire property by right of survivorship and may convey it alone.
B. The husband’s half interest passes to his heirs and the wife owns only a one-half interest.
C. The property must be sold and the proceeds divided between the wife and the husband’s estate.
D. Title is frozen until a probate court issues an order of distribution.
Correct Answer: A
Rationale: Tenancy by the entirety includes an automatic right of survivorship between spouses. Upon the death of one spouse the surviving
spouse becomes the sole owner and can convey the property without the consent of the deceased spouse’s heirs.
Q2. A landowner grants an easement to a neighboring utility company to install and maintain underground power lines across
the rear twenty feet of the property. The easement is recorded. When the landowner later sells the property, the new buyer
refuses to allow the utility company access. What is the legal status of the easement?
A. The easement terminated when title transferred because it was personal to the original owner.
B. The new owner may extinguish the easement by filing a quiet-title action.
C. The easement runs with the land and binds the new owner because it is an appurtenant or in-gross servitude that was properly
recorded.
D. The utility company must renegotiate and pay new consideration to the buyer.
Correct Answer: C
Rationale: A properly created and recorded easement, whether appurtenant or in gross, is an encumbrance that runs with the land.
Subsequent purchasers take title subject to the easement.
Q3. An owner holds a life estate measured by her own life. She leases the property to a tenant for five years. Two years into the
lease the life tenant dies. What happens to the lease?
A. The lease continues for its full remaining term against the remainderman.
B. The remainderman must honor the lease but may raise the rent.
C. The lease terminates automatically upon the death of the life tenant.
D. The lease converts into a periodic tenancy at the option of the tenant.
Correct Answer: C
Rationale: A life estate ends at the death of the measuring life. Any lease granted by the life tenant cannot extend beyond that life estate;
therefore the lease terminates and the remainderman takes possession free of the lease.
Q4. A developer subdivides a large tract and records a declaration of covenants, conditions and restrictions (CC&Rs;) that
prohibits commercial use of any lot. A subsequent purchaser of one lot begins operating a home-based consulting business that
generates occasional client visits. A neighbor sues to enforce the covenant. Which analysis is most accurate?
A. The covenant is unenforceable because it restrains trade.
B. Home occupations are always exempt from private covenants.
C. If the CC&Rs; were properly recorded and run with the land, a court may enjoin the commercial activity if it violates the recorded
restriction.
D. Only the original developer has standing to enforce the restriction.
Correct Answer: C
Rationale: Recorded restrictive covenants that touch and concern the land and are intended to run with the land are enforceable by successive
owners against subsequent purchasers who take with notice.
Q5. Property is described in a deed as “Lot 14, Block B of Sunnyvale Subdivision, as shown on the plat recorded in Plat Book
22, Page 15 of the county records.” This form of description is known as:
A. Metes and bounds
B. Government rectangular survey
C. Lot and block (recorded plat)
D. Monument description
Correct Answer: C
Rationale: Reference to a recorded subdivision plat by lot and block number is the standard lot-and-block (plat) method of legal description.
STUVIAACTUALEXAM | Page 2
, Q6. A city zoning ordinance places a parcel in a residential zone that permits only single-family dwellings. The owner applies for
a variance to construct a small professional office. Under typical zoning practice, a variance is most likely to be granted when:
A. The owner simply prefers a higher economic use.
B. The planning commission wants to increase tax revenue.
C. Strict application of the ordinance would create an unnecessary hardship unique to the property and the variance will not alter the
essential character of the neighborhood.
D. A majority of neighboring owners sign a petition supporting the change.
Correct Answer: C
Rationale: Variances are granted to relieve unnecessary hardship arising from unique physical characteristics of the property, provided the
variance does not undermine the overall zoning scheme.
Q7. Three unmarried friends take title to a vacation cabin as joint tenants with right of survivorship. One friend later conveys her
interest to her brother by quitclaim deed. What is the resulting form of ownership?
A. All three remain joint tenants.
B. The brother and the remaining two friends are joint tenants.
C. The brother holds a tenancy in common interest; the other two friends remain joint tenants as to their two-thirds.
D. The conveyance is void because joint tenancy interests cannot be severed.
Correct Answer: C
Rationale: A joint tenant may sever the joint tenancy as to her own share by conveying it. The grantee becomes a tenant in common; the
remaining original joint tenants continue as joint tenants between themselves.
Q8. An owner of a fee-simple estate grants a neighbor a written right to cross the rear of the property to reach a lake. The right
is not recorded and is described as “personal to the neighbor.” When the owner sells the property, the new buyer blocks the
path. The neighbor’s strongest legal theory is:
A. An easement appurtenant that runs with the land
B. A license that is irrevocable
C. An easement in gross that is personal and does not bind the new owner
D. A prescriptive easement arising from long use
Correct Answer: C
Rationale: A right expressly made personal to the holder and not intended to run with the land is an easement in gross (or a license). It does
not automatically bind successive owners of the servient estate.
Q9. Real property taxes are levied on a property assessed at $320,000. The tax rate is 28 mills. The annual tax liability is:
A. $896
B. $11,200
C. $8,960
D. $896,000
Correct Answer: C
Rationale: A mill is one-tenth of one cent ($0.001). 28 mills = 0.028. $320,000 × 0.028 = $8,960.
Q10. A property owner builds a fence that extends two feet onto the adjoining neighbor’s land. The neighbor discovers the
encroachment five years later and sues. In most jurisdictions the neighbor’s primary remedy is:
A. Automatic title to the strip by adverse possession after five years
B. Immediate self-help removal of the fence
C. An injunction ordering removal of the fence or damages for the encroachment
D. Criminal trespass charges against the builder
Correct Answer: C
Rationale: An encroachment is a trespass. Courts typically award injunctive relief (removal) or damages; adverse possession requires the
statutory period plus the other elements of hostility, openness, etc.
Q11. Which of the following interests is considered personal property rather than real property?
A. A fee simple absolute
B. A leasehold estate of 99 years
C. A growing crop that has been constructively severed by sale (emblement)
D. An easement appurtenant
Correct Answer: C
Rationale: Emblements (annual crops cultivated by a tenant) are treated as personal property even while still attached to the land, especially
after constructive severance by sale or agreement.
STUVIAACTUALEXAM | Page 3
