Principles Of Real Estate II Final Exam
(70 Questions) With 100% Correct And
Verified Answers
1. The ______________ is the most active in the
regulation of real estate licensees. - Correct
Answer-d) state government
2. Which of the following is necessary for a deed of
conveyance to be valid? - Correct Answer-b) The
deed must be in writing
3. The primary distinction between the legal
concepts of real estate and real property is that -
Correct Answer-a) real property includes ownership
of a bundle of rights.
4. An applicant for a salesperson license must -
Correct Answer-c) have a finger printing and
background check prior to receiving a license.
5. TRELA makes provisions for - Correct Answer-c)
a prerequisite of a minimum of 15 classroom hours
counted toward license renewal every two years.
6. A(n) ______________ is a freehold estate that is
limited to the duration of the life of the owner. -
Correct Answer-b) life estate
7. What distinguishes a lien from other types of
encumbrance? - Correct Answer-a) It involves a
monetary claim against the value of a property.
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, 8. What type of conventional life estate ends with
the death of the life estate owner? - Correct
Answer-b) Ordinary life estate
9. When speaking of real estate market dynamics,
the amount of available properties that becomes
occupied over a period of time is called - Correct
Answer-b) absorption.
10. What is the primary danger of allowing an
encroachment? - Correct Answer-c) Over time, the
encroachment may become an easement by
prescription that damages the property's market
value.
11. What statement is TRUE of payment that is
made from the real estate recovery fund on account
of a licensee's acts? - Correct Answer-d) The license
is suspended immediately, but will be reissued
upon reimbursement of the fund, with interest.
12. A salesperson listed a home and then
transferred his license to another broker. Which of
the following is true? - Correct Answer-d) The
listing will stay with the original broker.
13. A licensee is required to keep the Commission
updated with - Correct Answer-a) her current email
address.
14. When an owner leases her property, she
temporarily relinquishes the right to - Correct
Answer-c) occupy the property.
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(70 Questions) With 100% Correct And
Verified Answers
1. The ______________ is the most active in the
regulation of real estate licensees. - Correct
Answer-d) state government
2. Which of the following is necessary for a deed of
conveyance to be valid? - Correct Answer-b) The
deed must be in writing
3. The primary distinction between the legal
concepts of real estate and real property is that -
Correct Answer-a) real property includes ownership
of a bundle of rights.
4. An applicant for a salesperson license must -
Correct Answer-c) have a finger printing and
background check prior to receiving a license.
5. TRELA makes provisions for - Correct Answer-c)
a prerequisite of a minimum of 15 classroom hours
counted toward license renewal every two years.
6. A(n) ______________ is a freehold estate that is
limited to the duration of the life of the owner. -
Correct Answer-b) life estate
7. What distinguishes a lien from other types of
encumbrance? - Correct Answer-a) It involves a
monetary claim against the value of a property.
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
, 8. What type of conventional life estate ends with
the death of the life estate owner? - Correct
Answer-b) Ordinary life estate
9. When speaking of real estate market dynamics,
the amount of available properties that becomes
occupied over a period of time is called - Correct
Answer-b) absorption.
10. What is the primary danger of allowing an
encroachment? - Correct Answer-c) Over time, the
encroachment may become an easement by
prescription that damages the property's market
value.
11. What statement is TRUE of payment that is
made from the real estate recovery fund on account
of a licensee's acts? - Correct Answer-d) The license
is suspended immediately, but will be reissued
upon reimbursement of the fund, with interest.
12. A salesperson listed a home and then
transferred his license to another broker. Which of
the following is true? - Correct Answer-d) The
listing will stay with the original broker.
13. A licensee is required to keep the Commission
updated with - Correct Answer-a) her current email
address.
14. When an owner leases her property, she
temporarily relinquishes the right to - Correct
Answer-c) occupy the property.
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
