REAL ESTATE EXAM QUESTIONS AND
CORRECT ANSWERS 2025 GRADED A+
Which of the following is true of "condominiums"?
A. It is an ownership where owners own their unit solely but share ownership with
the common areas, and buildings
B. It applies to ownership, not to construction or development
C. It is a type of ownership where all of the owners own each other's interior units
D. Both A and C - ANSWER- A. It is an ownership where owners own their unit
solely but share ownership with the common areas, and buildings
A homeowner's association does which the following?
A. It manages the common areas of a condominium project or planned unit
development
B. It owns title to the common elements in a condominium development
C. It doesn't own title to the common elements in a planned unit development
,D. All of the above - ANSWER- A. It manages the common areas of a
condominium project or planned unit development
Which of the following is true of "common areas"?
A. They include swimming pools, tennis courts, and other recreational facilities
B. They are portions of a building, land, and amenities owned or managed by a
planned unit development or condominium project's homeowners' association
C. They have shared expenses by the property owners for the operation and
maintenance
D. All of the above - ANSWER- D. All of the above
A fund set aside for replacement of common property in a condominium, PUD, or
cooperative project, particularly that which has a short life expectancy, such as
carpet or furniture is called: - ANSWER- Replacement reserve fund
A type of multiple ownership where the residents of a multi-unit housing complex
own shares in the cooperative corporation that owns the property and gives each
resident the right to occupy a specific apartment or unit is called: - ANSWER-
Cooperative
You put in a new driveway to your property, but in the process, the paving goes
across your property line onto your neighbor's property a few inches. This is called
an: - ANSWER- Encroachment
If you convey an interest in real property to a relative, that person is known as the:
- ANSWER- Grantee
You and your sister are joint tenants in a home your mother left you. Your sister
has three children in her will and you have one. If she dies first, who does the
property go to? - ANSWER- It goes entirely to you
, Which of the following falls under the term "personal property"?
A. Sofa
B. Garage attached to a house
C. The front porch of a home
D. The windows in a home - ANSWER- A. Sofa
Many states determine the order of water rights according to which users of the
water hold a recorded beneficial use permit. This allocation of water rights in
Massachusetts is determined by: - ANSWER- The doctrine of prior appropriation
Evan lives in an apartment building. The land and structures are owned by a
corporation, with one mortgage loan covering the entire property. Like the other
residents, Evan owns stock in the corporation and has a lease on his apartment.
This type of ownership is called a(n): - ANSWER- Cooperative
If a commercial tenant has a lease. The lease will end soon and the tenant is
moving to a new location. During the tenancy the tenant installed bookcases. Can
the tenant remove the bookcases? - ANSWER- Yes, as long as the tenant pays for
or repairs the damages
If a prospective buyer is purchasing a house, can a seller take the shrubs with him?
- ANSWER- No, the shrubs are permanently rooted
If a person wants to build a dock on a lake, what agency should they get
permission? - ANSWER- The Massachusetts Department of Environmental
Protection Agency
CORRECT ANSWERS 2025 GRADED A+
Which of the following is true of "condominiums"?
A. It is an ownership where owners own their unit solely but share ownership with
the common areas, and buildings
B. It applies to ownership, not to construction or development
C. It is a type of ownership where all of the owners own each other's interior units
D. Both A and C - ANSWER- A. It is an ownership where owners own their unit
solely but share ownership with the common areas, and buildings
A homeowner's association does which the following?
A. It manages the common areas of a condominium project or planned unit
development
B. It owns title to the common elements in a condominium development
C. It doesn't own title to the common elements in a planned unit development
,D. All of the above - ANSWER- A. It manages the common areas of a
condominium project or planned unit development
Which of the following is true of "common areas"?
A. They include swimming pools, tennis courts, and other recreational facilities
B. They are portions of a building, land, and amenities owned or managed by a
planned unit development or condominium project's homeowners' association
C. They have shared expenses by the property owners for the operation and
maintenance
D. All of the above - ANSWER- D. All of the above
A fund set aside for replacement of common property in a condominium, PUD, or
cooperative project, particularly that which has a short life expectancy, such as
carpet or furniture is called: - ANSWER- Replacement reserve fund
A type of multiple ownership where the residents of a multi-unit housing complex
own shares in the cooperative corporation that owns the property and gives each
resident the right to occupy a specific apartment or unit is called: - ANSWER-
Cooperative
You put in a new driveway to your property, but in the process, the paving goes
across your property line onto your neighbor's property a few inches. This is called
an: - ANSWER- Encroachment
If you convey an interest in real property to a relative, that person is known as the:
- ANSWER- Grantee
You and your sister are joint tenants in a home your mother left you. Your sister
has three children in her will and you have one. If she dies first, who does the
property go to? - ANSWER- It goes entirely to you
, Which of the following falls under the term "personal property"?
A. Sofa
B. Garage attached to a house
C. The front porch of a home
D. The windows in a home - ANSWER- A. Sofa
Many states determine the order of water rights according to which users of the
water hold a recorded beneficial use permit. This allocation of water rights in
Massachusetts is determined by: - ANSWER- The doctrine of prior appropriation
Evan lives in an apartment building. The land and structures are owned by a
corporation, with one mortgage loan covering the entire property. Like the other
residents, Evan owns stock in the corporation and has a lease on his apartment.
This type of ownership is called a(n): - ANSWER- Cooperative
If a commercial tenant has a lease. The lease will end soon and the tenant is
moving to a new location. During the tenancy the tenant installed bookcases. Can
the tenant remove the bookcases? - ANSWER- Yes, as long as the tenant pays for
or repairs the damages
If a prospective buyer is purchasing a house, can a seller take the shrubs with him?
- ANSWER- No, the shrubs are permanently rooted
If a person wants to build a dock on a lake, what agency should they get
permission? - ANSWER- The Massachusetts Department of Environmental
Protection Agency
