BARNEY FLETCHER REAL ESTATE PRACTICE
QUESTIONS AND DETAILED SOLUTIONS
◉ trade.
Answer: a ______ fixture can be affixed to real property without
becoming legal part of the property
◉ False.
Answer: Trade fixtures may not be removed from leased premises
once they are affixed. T/F?
◉ True.
Answer: Trade fixtures do not include replacement fixtures. T/F?
◉ emblements.
Answer: Fructus industriales is another term for:
◉ Chattel.
Answer: all property other than real property is known as _____
◉ True.
,Answer: A bill of sale is to personal property as a deed is to real
property. T/F?
◉ Price.
Answer: The actual amount of money paid for a particular parcel of
real estate is said to be that property's:
◉ False.
Answer: In an ideal market, the forces of supply and demand are
always chaotic. T/F?
◉ his or her broker-employer.
Answer: A licensed real estate salesperson may legally accept an
extra commission for a difficult sale from:
◉ A.
Answer: Owner Kelly is leaving the area for a one year period. She
asks salesperson Boren to manage her rental house for $45/mo
while she is gone. Which of the following is true in this situation?
A. Boren must work through her broker
B. Boren must put the $45 in an interest bearing escrow account
C. This is OK because the compensation is less than $1,000
D. This is OK because the time element is not more than one year
,◉ Broker.
Answer: A salesperson represents the _____
◉ A.
Answer: Which of the following is required to hold a real estate
license?
A. A person who, for compensation, helps sell his neighbor's home
B. A government employee selling land owned by the government
C. A property manager leasing property in the course of his
employment for the owner.
D. All of these choices
◉ False.
Answer: Our free enterprise system is free from government
economic controls. T/F?
◉ the general public.
Answer: The purpose of a state real estate regulatory board is to
protect:
◉ False.
Answer: A mushroom farm is industrial property. T/F?
, ◉ C.
Answer: Special purpose properties include all of the following
EXCEPT:
A. Churches
B. Hospitals
C. Industrial park
D. Nursing homes
◉ A.
Answer: Commercial property includes all but which of the
following?
A. horse ranch
B. office buildings
C. restaurants
D. vacant land suitable for commercial development
◉ False.
Answer: A hospital is a commercial property. T/F?
◉ False.
Answer: An industrial park is commercial property. T/F?
QUESTIONS AND DETAILED SOLUTIONS
◉ trade.
Answer: a ______ fixture can be affixed to real property without
becoming legal part of the property
◉ False.
Answer: Trade fixtures may not be removed from leased premises
once they are affixed. T/F?
◉ True.
Answer: Trade fixtures do not include replacement fixtures. T/F?
◉ emblements.
Answer: Fructus industriales is another term for:
◉ Chattel.
Answer: all property other than real property is known as _____
◉ True.
,Answer: A bill of sale is to personal property as a deed is to real
property. T/F?
◉ Price.
Answer: The actual amount of money paid for a particular parcel of
real estate is said to be that property's:
◉ False.
Answer: In an ideal market, the forces of supply and demand are
always chaotic. T/F?
◉ his or her broker-employer.
Answer: A licensed real estate salesperson may legally accept an
extra commission for a difficult sale from:
◉ A.
Answer: Owner Kelly is leaving the area for a one year period. She
asks salesperson Boren to manage her rental house for $45/mo
while she is gone. Which of the following is true in this situation?
A. Boren must work through her broker
B. Boren must put the $45 in an interest bearing escrow account
C. This is OK because the compensation is less than $1,000
D. This is OK because the time element is not more than one year
,◉ Broker.
Answer: A salesperson represents the _____
◉ A.
Answer: Which of the following is required to hold a real estate
license?
A. A person who, for compensation, helps sell his neighbor's home
B. A government employee selling land owned by the government
C. A property manager leasing property in the course of his
employment for the owner.
D. All of these choices
◉ False.
Answer: Our free enterprise system is free from government
economic controls. T/F?
◉ the general public.
Answer: The purpose of a state real estate regulatory board is to
protect:
◉ False.
Answer: A mushroom farm is industrial property. T/F?
, ◉ C.
Answer: Special purpose properties include all of the following
EXCEPT:
A. Churches
B. Hospitals
C. Industrial park
D. Nursing homes
◉ A.
Answer: Commercial property includes all but which of the
following?
A. horse ranch
B. office buildings
C. restaurants
D. vacant land suitable for commercial development
◉ False.
Answer: A hospital is a commercial property. T/F?
◉ False.
Answer: An industrial park is commercial property. T/F?
