National Real Estate Exam Questions and Answers Already Graded A

National Real Estate Exam Questions and Answers Already Graded A Which of the following constitute an estate (tenancy) for years? A month-to-month lease. A tenancy at sufferance. A lease that is set to last six months. A tenancy at will. 67. A federal law that regulates t 1. Which method of legal description uses point of beginning, direction and distance? Metes and bounds. Lot and block. Government rectangular survey. Recorded plat. Metes and bounds. A borrower's right to stop the foreclosure process prior to the foreclosure sale and regain title to the mortgaged property is called: Affidavit of equitable interest. The concept of equitable title. The period of equitable redemption. The period of statutory redemption. The period of equitable redemption. . A mortgage that covers more than one tract of real estate is called a: Reverse equity mortgage. Blanket mortgage. Purchase money mortgage. Package mortgage. Blanket mortgage. When a single-family home is purchased and money is borrowed, the type of title insurance that protects the lender is a(n): Mortgagee's policy. Owner's policy. Grantee's policy. Mortgagor's policy. Mortgagee's policy. The sales comparison approach to estimating value is used most frequently when estimating the value of: Shopping centers. Houses. Churches. Farms. Houses. A requirement for the creation of a valid lease is: A leasehold title insurance policy. A right of first refusal. An option to sublease the property. A legal description of the leased property. A legal description of the leased property. A single business entity owns the real estate brokerage