2025/2026 Exam Questions and Correct
Answers | New Update
Accession - 🧠ANSWER ✔✔The acquisition of title by the owner of real property
to those things attached to the property by others, such as tenants, trespassers, or by
nature.
Acre - 🧠ANSWER ✔✔A measure of land area equal to 43560 square feet.
43560 - 🧠ANSWER ✔✔The number of squarefeet in one acre.
Active License - 🧠ANSWER ✔✔Status of an individual who has met all
qualifications to practice real estate as a broker, associate broker, or salesperson;
and such license is held by a broker, rather than by the Commission.
Air Lot - 🧠ANSWER ✔✔A designated air space over a parcel of land. In
condominiums, each individual unit occupies a separate one.
,Air Rights - 🧠ANSWER ✔✔The right to use and enjoy the air space above a parcel
of land. Such rights may be leased or sold separately from the land.
Appurtenance - 🧠ANSWER ✔✔Anything that may be used with the land for its
benefit and goes to the new owner when ownership of the land is transferred.
Mineral rights, air rights, water rights, easements, improvements, and natural
attachments are examples.
Artificial Monuments - 🧠ANSWER ✔✔Man-made objects such as streets, fences,
iron pins, concrete posts, etc.
Associate Broker - 🧠ANSWER ✔✔A person who has met all qualifications to be
licensed as a broker, but who elects to act on behalf of another broker in
performing any act authorized by law to be performed by a broker.
Attorney General - 🧠ANSWER ✔✔Legal counsel for the state. Whenever the
Commission believes a serious violation of the License Law has occurred, the
____________ may bring an action in the name of the state to enforce compliance.
Baseline - 🧠ANSWER ✔✔Certain reference lines which run east and west; used in
rectangular survey system to locate land.
,Bench Mark - 🧠ANSWER ✔✔A permanent reference point of known location
used by surveyors. A ________ may be a point established by a government
survey team or a fixed monument such as a road right-of-way.
Bill of Sale - 🧠ANSWER ✔✔A document which conveys ownership to personal
property.
Broker - 🧠ANSWER ✔✔An individual or legal entity licensed to act as the agent
of another in buying, selling, exchanging, renting, leasing, managing, or auctioning
real estate for another.
Call - 🧠ANSWER ✔✔The compass direction and distance for each boundary line.
Censure - 🧠ANSWER ✔✔Disciplinary power of the Commission whereby it
reprimands a licensee, usually for technical violations occurring for the first time.
Chattel - 🧠ANSWER ✔✔Personal property.
Closure - 🧠ANSWER ✔✔The metes and bounds legal description must return to
the point of beginning or the description is incomplete.
Co-brokering - 🧠ANSWER ✔✔Participation of more than one broker in a real
estate transaction.
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, Commingling - 🧠ANSWER ✔✔Mixing funds held in trust with the brokers
personal or business accounts.
The Real Estate Commission - 🧠ANSWER ✔✔The state licensing authority
charged with the enforcement of the Real Estate License Law.
Constructive Severance - 🧠ANSWER ✔✔The transfer to someone other than the
owner of the land the rights to remove attachments such as timber, or buildings, or
the right to remove minerals.
Contour - 🧠ANSWER ✔✔The shape of the earths surface.
Correlative Rights - 🧠ANSWER ✔✔The doctrine of law which allows riparian
owners in certain states to use only a reasonable share of water during periods of
drought.
Datum - 🧠ANSWER ✔✔A point of surface of known location from which heights
and depths are measured. The basic point from which vertical land(air rights and
mineral rights) is described.
Dual Agency - 🧠ANSWER ✔✔Representing both the buyer and the seller in the
same transaction. This practice constitutes a violation of License Law, unless both
parties give their written consent.