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Exam (elaborations)

KS Real Estate practice exam 2023 with 100% correct answers

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Question: Rights to minerals beneath the land: - correct answerAnswer: Pass to a grantee unless specified otherwise. Question: Which document would be used to transfer ownership of a free standing appliance? - correct answerAnswer: Bill of Sale. Question: A real estate transaction closed with personal property included as part of the sale at closing in addition to deed. What document would be needed? - correct answerAnswer: A Bill of Sale. Question: A commercial tenant's lease for a seafood store was about to expire. The tenant began dismantling cases that the tenant had originally installed. The owner of the property informed the tenant that could not dismantle the display cases. Which of the following Statements is correct concerning this situation? - correct answerAnswer: The tenant would be able to take the cases and would not have to pay the owner for the fair market value of the cases. FYI. The key words in the question were "about", and the phrase "tenant had originally installed" Question: A buyer made an offer on a house and the seller accepted the offer as written. The buyer wanted some of the seller's personal property to remain with the house. The personal property would transfer to the buyer under which of the following conditions? - correct answerAnswer: If it was included in the contract. FYI Never choose anything that has the word "verbally" as an answer. Also the key words in the question were "personal property" Question: A fixture would be defined as? - correct answerAnswer: An item that is attached to a building. FYI. The key word in the answer was "attached" Question:When p

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Institution
Kansas Real Estate
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Kansas Real Estate

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Uploaded on
August 17, 2023
Number of pages
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Written in
2023/2024
Type
Exam (elaborations)
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