CT REAL ESTATE PRACTICE EXAM
2025 QUESTIONS AND ANSWERS
Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than
the lot in the middle of the street. Which of the following characteristics MOST likely explains
the price difference? - ANS Situs
How does a creditor who has obtained a judgment get satisfaction against a debtor who will
not pay? - ANS Writ of execution
What type of map is MOST useful for describing the terrain of a very hilly lot? - ANS Contour
map
A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant
paid 1 month's rent and got a receipt. What kind of leasehold does the tenant have? -
ANS Tenancy at will
A major difference between freehold and nonfreehold estates is that all freehold estates -
ANS are of indeterminable duration
Real property can be converted to personal property by - ANS Severance
A lawsuit for inverse condemnation may be brought by - ANS a homeowner
A deed restriction is applicable to the activities of - ANS present and future owners.
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,If conditions for purchase are included in a deed and these conditions are violated, what is the
penalty? - ANS Return of the property to the original owner.
The terms "littoral," "riparian," and "appropriative" refer to - ANS water rights.
Which of the following BEST illustrates the concept and intent of a buffer zone? -
ANS Garden apartments located between a single-family residential neighborhood and a
shopping center.
A property owner died, having willed his real property to his two daughters. There is still a
chance that they could lose the land for a variety of reasons, but it CANNOT be taken through -
ANS escheat
An environmental impact statement typically describes the effects of a proposed project on
factors such as - ANS public health and safety
All of the following are methods to calculate the reproduction or replacement cost of a building
EXCEPT the - ANS straight-line method
Which of the following approaches MOST reliably estimates the sales price of a single-family
residence? - ANS Market data
A formal appraisal will ALWAYS be REQUIRED when the - ANS lender wants to sell the
mortgage to the secondary market.
According to the principle of progression, a three-bedroom, one-story home is MOST likely to
bring the highest sales price if located in a neighborhood in which - ANS most homes are
larger than the sale home.
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, An appraiser MUST be licensed or certified to handle Federally related work on residential
property valued at more than - ANS $250,000
A competitive market analysis is MOST often used for - ANS setting a listing price
Which rule-of-thumb version is being offered to an investor who is told that a house renting for
$900 a month should sell for about $90,000? - ANS GRM
When a property owner uses his home as collateral for a loan and creates a lien in favor of the
lender, title is held by the - ANS mortgagor
When the sellers are lending part of the purchase price, they may secure the debt either with a
deed of trust or a mortgage. For the seller, one benefit of the deed of trust is that -
ANS foreclosure is usually simpler and faster
Regulation Z requires that the borrower be fully informed of all of the following EXCEPT -
ANS the total interest
The FHA functions MOST like - ANS an insurance company
The purpose of usury laws is to regulate - ANS interest rates charged by lenders
Which of the following statements about discount points is FALSE? - ANS They are computed
as a percentage of the selling price
A borrower has defaulted on the mortgage. The mortgage contains an acceleration clause. This
permits the lender to - ANS demand immediate payment of the entire note
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2025 QUESTIONS AND ANSWERS
Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than
the lot in the middle of the street. Which of the following characteristics MOST likely explains
the price difference? - ANS Situs
How does a creditor who has obtained a judgment get satisfaction against a debtor who will
not pay? - ANS Writ of execution
What type of map is MOST useful for describing the terrain of a very hilly lot? - ANS Contour
map
A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant
paid 1 month's rent and got a receipt. What kind of leasehold does the tenant have? -
ANS Tenancy at will
A major difference between freehold and nonfreehold estates is that all freehold estates -
ANS are of indeterminable duration
Real property can be converted to personal property by - ANS Severance
A lawsuit for inverse condemnation may be brought by - ANS a homeowner
A deed restriction is applicable to the activities of - ANS present and future owners.
1 Copyright ©BRIGHSTARS ALL RIGHTS RESERVED 2025
,If conditions for purchase are included in a deed and these conditions are violated, what is the
penalty? - ANS Return of the property to the original owner.
The terms "littoral," "riparian," and "appropriative" refer to - ANS water rights.
Which of the following BEST illustrates the concept and intent of a buffer zone? -
ANS Garden apartments located between a single-family residential neighborhood and a
shopping center.
A property owner died, having willed his real property to his two daughters. There is still a
chance that they could lose the land for a variety of reasons, but it CANNOT be taken through -
ANS escheat
An environmental impact statement typically describes the effects of a proposed project on
factors such as - ANS public health and safety
All of the following are methods to calculate the reproduction or replacement cost of a building
EXCEPT the - ANS straight-line method
Which of the following approaches MOST reliably estimates the sales price of a single-family
residence? - ANS Market data
A formal appraisal will ALWAYS be REQUIRED when the - ANS lender wants to sell the
mortgage to the secondary market.
According to the principle of progression, a three-bedroom, one-story home is MOST likely to
bring the highest sales price if located in a neighborhood in which - ANS most homes are
larger than the sale home.
2 Copyright ©BRIGHSTARS ALL RIGHTS RESERVED 2025
, An appraiser MUST be licensed or certified to handle Federally related work on residential
property valued at more than - ANS $250,000
A competitive market analysis is MOST often used for - ANS setting a listing price
Which rule-of-thumb version is being offered to an investor who is told that a house renting for
$900 a month should sell for about $90,000? - ANS GRM
When a property owner uses his home as collateral for a loan and creates a lien in favor of the
lender, title is held by the - ANS mortgagor
When the sellers are lending part of the purchase price, they may secure the debt either with a
deed of trust or a mortgage. For the seller, one benefit of the deed of trust is that -
ANS foreclosure is usually simpler and faster
Regulation Z requires that the borrower be fully informed of all of the following EXCEPT -
ANS the total interest
The FHA functions MOST like - ANS an insurance company
The purpose of usury laws is to regulate - ANS interest rates charged by lenders
Which of the following statements about discount points is FALSE? - ANS They are computed
as a percentage of the selling price
A borrower has defaulted on the mortgage. The mortgage contains an acceleration clause. This
permits the lender to - ANS demand immediate payment of the entire note
3 Copyright ©BRIGHSTARS ALL RIGHTS RESERVED 2025
