Page 1 of 61
NSAR SALESPERSON LICENSING EXAMINATION
2026/2027 COMPLETE (150) CURRENT TESTING
QUESTIONS AND CORRECT ANSWERS WITH DETAILED
RATIONALES.
SALESPERSON
Prepare effectively for the NSAR Salesperson Licensing Examination with this focused
study resource. It supports review of real estate principles, property ownership,
contracts, agency relationships, transactions, financing, and licensing requirements.
Use the material to reinforce your knowledge, review key topics, and identify areas
that may require additional study. This resource is suited for aspiring real estate
salespersons, real estate students, and candidates preparing for the NSAR
salesperson licensing examination.
MULTIPLE CHOICE.
SECTION 1: PROPERTY OWNERSHIP & LAND USE (Questions 1–20)
1. The term "fee simple" refers to:
A. A leasehold interest in real property
B. The highest form of ownership interest in real property
C. A life estate
D. A tenancy in common
Correct Answer: B
Rationale: Fee simple is the highest and most complete form of
ownership interest in real property, granting the owner full rights to
possess, use, and transfer the property. It is the most common form of
ownership in real estate transactions.
2. Which of the following is an example of a non-freehold estate?
A. Fee simple absolute
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B. Life estate
C. Leasehold estate
D. Fee tail
Correct Answer: C
Rationale: A leasehold estate is a non-freehold estate where a tenant has
the right to possess and use the property for a specified period under a
lease agreement. Fee simple, life estate, and fee tail are all freehold
estates.
3. The bundle of legal rights associated with real property ownership
includes:
A. Right of possession, control, enjoyment, exclusion, and disposition
B. Right of possession only
C. Right of disposition only
D. Right of control only
Correct Answer: A
Rationale: The bundle of rights theory holds that property ownership
includes five basic rights: possession (the right to occupy), control (the
right to determine how the property is used), enjoyment (the right to use
the property without interference), exclusion (the right to prevent others
from entering), and disposition (the right to transfer or sell the property).
4. Which of the following is classified as personal property?
A. Land
B. Buildings
C. Fixtures
D. A refrigerator
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Correct Answer: D
Rationale: A refrigerator is personal property (chattel) because it is
movable and not permanently attached to the land. Land, buildings, and
fixtures that are permanently attached are classified as real property.
5. A "fixture" is defined as:
A. An item of personal property
B. An item that was once personal property but has become permanently
attached to the land or building
C. A structure on the land
D. A mineral right
Correct Answer: B
Rationale: A fixture is an item of personal property that has been attached
to the land or a building in such a way that it becomes part of the real
property. Courts consider the method of attachment, adaptability, and
the intent of the party who attached the item.
6. A "joint tenancy" is characterized by:
A. Unequal ownership shares
B. The right of survivorship
C. The ability to devise property by will
D. The requirement of court approval for transfer
Correct Answer: B
Rationale: Joint tenancy is a form of co-ownership where each tenant
holds an undivided interest in the property with the right of survivorship.
When one joint tenant dies, their interest automatically passes to the
surviving joint tenants, not to their heirs.
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7. "Tenancy in common" differs from joint tenancy in that:
A. Tenancy in common has the right of survivorship
B. Tenancy in common does not have the right of survivorship
C. Tenancy in common requires equal shares
D. Tenancy in common requires unity of time
Correct Answer: B
Rationale: Tenancy in common does not have the right of survivorship.
Each tenant in common holds a separate, undivided interest that can be
sold, transferred, or devised by will. The interests may be unequal, and
there is no right of survivorship.
8. Zoning regulations are an example of:
A. Private land use restrictions
B. Public land use controls
C. Environmental controls
D. Building codes
Correct Answer: B
Rationale: Zoning regulations are public land use controls enacted by
municipalities under their police powers to regulate the use of land within
their jurisdiction. They control the type of development, density, building
height, and other land use aspects.
9. A "covenant" in a deed is:
A. A promise to do or not to do something on the land
B. A tax on the property
C. A type of easement
D. A form of zoning
NSAR SALESPERSON LICENSING EXAMINATION
2026/2027 COMPLETE (150) CURRENT TESTING
QUESTIONS AND CORRECT ANSWERS WITH DETAILED
RATIONALES.
SALESPERSON
Prepare effectively for the NSAR Salesperson Licensing Examination with this focused
study resource. It supports review of real estate principles, property ownership,
contracts, agency relationships, transactions, financing, and licensing requirements.
Use the material to reinforce your knowledge, review key topics, and identify areas
that may require additional study. This resource is suited for aspiring real estate
salespersons, real estate students, and candidates preparing for the NSAR
salesperson licensing examination.
MULTIPLE CHOICE.
SECTION 1: PROPERTY OWNERSHIP & LAND USE (Questions 1–20)
1. The term "fee simple" refers to:
A. A leasehold interest in real property
B. The highest form of ownership interest in real property
C. A life estate
D. A tenancy in common
Correct Answer: B
Rationale: Fee simple is the highest and most complete form of
ownership interest in real property, granting the owner full rights to
possess, use, and transfer the property. It is the most common form of
ownership in real estate transactions.
2. Which of the following is an example of a non-freehold estate?
A. Fee simple absolute
, Page 2 of 61
B. Life estate
C. Leasehold estate
D. Fee tail
Correct Answer: C
Rationale: A leasehold estate is a non-freehold estate where a tenant has
the right to possess and use the property for a specified period under a
lease agreement. Fee simple, life estate, and fee tail are all freehold
estates.
3. The bundle of legal rights associated with real property ownership
includes:
A. Right of possession, control, enjoyment, exclusion, and disposition
B. Right of possession only
C. Right of disposition only
D. Right of control only
Correct Answer: A
Rationale: The bundle of rights theory holds that property ownership
includes five basic rights: possession (the right to occupy), control (the
right to determine how the property is used), enjoyment (the right to use
the property without interference), exclusion (the right to prevent others
from entering), and disposition (the right to transfer or sell the property).
4. Which of the following is classified as personal property?
A. Land
B. Buildings
C. Fixtures
D. A refrigerator
, Page 3 of 61
Correct Answer: D
Rationale: A refrigerator is personal property (chattel) because it is
movable and not permanently attached to the land. Land, buildings, and
fixtures that are permanently attached are classified as real property.
5. A "fixture" is defined as:
A. An item of personal property
B. An item that was once personal property but has become permanently
attached to the land or building
C. A structure on the land
D. A mineral right
Correct Answer: B
Rationale: A fixture is an item of personal property that has been attached
to the land or a building in such a way that it becomes part of the real
property. Courts consider the method of attachment, adaptability, and
the intent of the party who attached the item.
6. A "joint tenancy" is characterized by:
A. Unequal ownership shares
B. The right of survivorship
C. The ability to devise property by will
D. The requirement of court approval for transfer
Correct Answer: B
Rationale: Joint tenancy is a form of co-ownership where each tenant
holds an undivided interest in the property with the right of survivorship.
When one joint tenant dies, their interest automatically passes to the
surviving joint tenants, not to their heirs.
, Page 4 of 61
7. "Tenancy in common" differs from joint tenancy in that:
A. Tenancy in common has the right of survivorship
B. Tenancy in common does not have the right of survivorship
C. Tenancy in common requires equal shares
D. Tenancy in common requires unity of time
Correct Answer: B
Rationale: Tenancy in common does not have the right of survivorship.
Each tenant in common holds a separate, undivided interest that can be
sold, transferred, or devised by will. The interests may be unequal, and
there is no right of survivorship.
8. Zoning regulations are an example of:
A. Private land use restrictions
B. Public land use controls
C. Environmental controls
D. Building codes
Correct Answer: B
Rationale: Zoning regulations are public land use controls enacted by
municipalities under their police powers to regulate the use of land within
their jurisdiction. They control the type of development, density, building
height, and other land use aspects.
9. A "covenant" in a deed is:
A. A promise to do or not to do something on the land
B. A tax on the property
C. A type of easement
D. A form of zoning
