Updated RE Exam – 2025 correctly
answered to pass
Mrs. Jane lives in a small residential neighborhood. 100 year old trees surrounding her home, and her
neighbor Mr. Joe claims that trees are on his property and is planning on cutting them down. Mrs. Jane
tries to reason with Mr. Joe but he refuses to listen. Mrs. Jane filed a lawsuit that includes a court order
for Mr. Joe to stop his actions until they can work something out. What type of court order is this? -
correct answer ✔✔An injunction
If a dispute is pending, the court will likely issue an injunction preventing Mr. Joe from cutting down the
trees until they are entirely resolved. Injunctions can be used to protect interests in real property. A
court order injunction can be used to prevent a harmful action, stop ongoing or repeated conduct or
force a defendant to take action to prevent harm.
The amount borrowed is called the: - correct answer ✔✔Principal amount
The amount owed is called the principal and the price of borrowing the money is called the interest.
What is Ginnie Mae's primary responsibility? - correct answer ✔✔To guarantee the security of loans
Ginnie Mae exists to solely guarantee the security of the loan. Ginnie Mae is a government agency that
guarantees securities backed by loans issued under other government agency programs such as VA and
FHA. Fannie Mae is a private corporation that buys loans from private lenders, assembles them into
mortgage-backed securities to maintain an active secondary market.
What is the difference between the market value of your home, and the amount you owe the lender
who holds the mortgage? - correct answer ✔✔Equity
The term is used very often in real estate. Equity is the difference between the market value of your
home and the amount you owe the lender who holds the mortgage. Your equity is the money you'd
receive after paying off the mortgage if you were to sell the home.
, Local zoning ordinance often regulate all of the following except? - correct answer ✔✔Market value of
property
Zoning usually increases the marketability of the property. The idea is that when a community is
organized it is more attractive safer and has fewer conflicts among people. However, it does not directly
affect market value. For example, they can't implement zoning code to raise what people pay for
properties, they can however implement zoning codes to help promote the local economy. Market value
is never directly determined by the government.
Who or what determines the amount of an earnest money deposit? - correct answer ✔✔The agreement
between the parties.
It is customary but not required for a buyer to provide a deposit when making an offer to purchase. This
deposit is referred to as earnest money. The mount is completely up to the agreement between the
parties. There is no law stating an earnest deposit has to be a certain amount.
Which situation is legal under the Federal Hair Housing Act of 1968? - correct answer ✔✔The insistence
of a widowed woman on renting her spare bedroom only to another women.
The federal fair housing art is a law that prohibits discrimination in the building, selling, renting or
financing of housing. These laws prohibit discrimination based on race, religion, color, sex, disability,
children, nationality and more. It's only in cases of finding someone to share living spaces with. The
"Mrs. Murphy" exemption provides that if a dwelling has four or fewer rental units and the owner lives in
one of those units, that home is exempt from the FHA.
In the case of a standard tax lien who gets paid first? - correct answer ✔✔The government
Tax liens are imposed by the federal, state or local government based upon property taxes that are due.
Not only can these seriously impact your credit report, but until they're paid off, they can prevent you
from selling the property. Tax liens are involuntarily and usually specific. The important thing to
remember is the gov't always gets paid first in terms of money distribution.
Which of the following laws prohibits discrimination in the buying, selling, renting or financing of
housing. These laws prohibit discrimination based on race, religion, color, sex, disability, children,
nationality and more. - correct answer ✔✔The Fair Housing Act
answered to pass
Mrs. Jane lives in a small residential neighborhood. 100 year old trees surrounding her home, and her
neighbor Mr. Joe claims that trees are on his property and is planning on cutting them down. Mrs. Jane
tries to reason with Mr. Joe but he refuses to listen. Mrs. Jane filed a lawsuit that includes a court order
for Mr. Joe to stop his actions until they can work something out. What type of court order is this? -
correct answer ✔✔An injunction
If a dispute is pending, the court will likely issue an injunction preventing Mr. Joe from cutting down the
trees until they are entirely resolved. Injunctions can be used to protect interests in real property. A
court order injunction can be used to prevent a harmful action, stop ongoing or repeated conduct or
force a defendant to take action to prevent harm.
The amount borrowed is called the: - correct answer ✔✔Principal amount
The amount owed is called the principal and the price of borrowing the money is called the interest.
What is Ginnie Mae's primary responsibility? - correct answer ✔✔To guarantee the security of loans
Ginnie Mae exists to solely guarantee the security of the loan. Ginnie Mae is a government agency that
guarantees securities backed by loans issued under other government agency programs such as VA and
FHA. Fannie Mae is a private corporation that buys loans from private lenders, assembles them into
mortgage-backed securities to maintain an active secondary market.
What is the difference between the market value of your home, and the amount you owe the lender
who holds the mortgage? - correct answer ✔✔Equity
The term is used very often in real estate. Equity is the difference between the market value of your
home and the amount you owe the lender who holds the mortgage. Your equity is the money you'd
receive after paying off the mortgage if you were to sell the home.
, Local zoning ordinance often regulate all of the following except? - correct answer ✔✔Market value of
property
Zoning usually increases the marketability of the property. The idea is that when a community is
organized it is more attractive safer and has fewer conflicts among people. However, it does not directly
affect market value. For example, they can't implement zoning code to raise what people pay for
properties, they can however implement zoning codes to help promote the local economy. Market value
is never directly determined by the government.
Who or what determines the amount of an earnest money deposit? - correct answer ✔✔The agreement
between the parties.
It is customary but not required for a buyer to provide a deposit when making an offer to purchase. This
deposit is referred to as earnest money. The mount is completely up to the agreement between the
parties. There is no law stating an earnest deposit has to be a certain amount.
Which situation is legal under the Federal Hair Housing Act of 1968? - correct answer ✔✔The insistence
of a widowed woman on renting her spare bedroom only to another women.
The federal fair housing art is a law that prohibits discrimination in the building, selling, renting or
financing of housing. These laws prohibit discrimination based on race, religion, color, sex, disability,
children, nationality and more. It's only in cases of finding someone to share living spaces with. The
"Mrs. Murphy" exemption provides that if a dwelling has four or fewer rental units and the owner lives in
one of those units, that home is exempt from the FHA.
In the case of a standard tax lien who gets paid first? - correct answer ✔✔The government
Tax liens are imposed by the federal, state or local government based upon property taxes that are due.
Not only can these seriously impact your credit report, but until they're paid off, they can prevent you
from selling the property. Tax liens are involuntarily and usually specific. The important thing to
remember is the gov't always gets paid first in terms of money distribution.
Which of the following laws prohibits discrimination in the buying, selling, renting or financing of
housing. These laws prohibit discrimination based on race, religion, color, sex, disability, children,
nationality and more. - correct answer ✔✔The Fair Housing Act
