MICHIGAN REAL ESTATE EXAM PRACTICE QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|GRADED A+|VERIFIED

MICHIGAN REAL ESTATE EXAM PRACTICE
QUESTIONS AND 100% CORRECT
ANSWERS|LATEST 2025/2026|GRADED


When land is conveyed to a trustee, what may a trustee do? -
B B B B B B B B B B B B



B ANSWER Whatever is permitted under the trust agreement.B B B B B B




What is true of both special assessments an ad valorem taxes? -
B B B B B B B B B B B



B ANSWER Delinquent payment is grounds for sale of the property.
B B B B B B B B




At the time of harvest, crops that require annual plantin gare generally considered to be what
B B B B B B B B B B B B B B B



? - ANSWER
B B Personal property. B




A homeowner has negotiated with a neighbor to obtain the permanent right to pass over the
B B B B B B B B B B B B B B B B



northern part of the neighbor's land to gain access to the river. He pays the neighbor $9,000 fo
B B B B B B B B B B B B B B B B B



r the right of access and receives a deed. This is an easement _______? -
B B B B B B B B B B B B B B



B ANSWER Appurtenant



Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more tha
B B B B B B B B B B B B B B B B B B B B



n the lot in the middle of the street. What characteristic MOST likely explains the price differe
B B B B B B B B B B B B B B B B



nce? - ANSWER B B Situs.



A tenant rented an apartment, signing a 15-
B B B B B B B



month lease. After the lease expired, the tenant paid 1 month's rent and got a receipt. What ki
B B B B B B B B B B B B B B B B B



nd of leasehold does the tenant have? - ANSWER
B B B B B B B B Holdover Tenancy. B




Legal descriptions using the government survey system are NOT generally used where? -
B B B B B B B B B B B B



B ANSWER the original 13 states
B B B




A deed restriction is applicable to the activities of who? -
B B B B B B B B B B



B ANSWER present and future owners. B B B




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Wicky

, A landowner wishes to build a neighborhood grocery store on a busy street in an area zoned f
B B B B B B B B B B B B B B B B B



or residential use. What would MOST likely be used to obtain permission for this store? -
B B B B B B B B B B B B B B B



B ANSWER Conditional use permit or zoning variance. B B B B B




If conditions for purchase are included in a deed and these conditions are violated, what is the
B B B B B B B B B B B B B B B B



B penalty? - ANSWER B B Return of the property to the original owner.
B B B B B B B




An environmental impact statement typically describes the effects of a proposed project on fa
B B B B B B B B B B B B B



ctors such as what? - ANSWER
B B B B B public health and safety. B B B




Although states make specific laws governing water rights and the rights in land that borders
B B B B B B B B B B B B B B B



water, most states generally follow one of two basic doctrines regarding water rights. In many
B B B B B B B B B B B B B B B



states, the common law doctrine of riparian and littoral rights dictates that water rights are au
B B B B B B B B B B B B B B B



tomatically conveyed with property. In others, all water rights are controlled by the state unde
B B B B B B B B B B B B B B



r the doctrine of ______________ _____________ ? - ANSWER
B B B B B B B B prior appropriation.B




A lawsuit for inverse condemnation may be brought by whom? -
B B B B B B B B B B



B ANSWER a homeowner
B




When a sewer line is installed down a rural road, the cost will probably be shared by whom? -
B B B B B B B B B B B B B B B B B B



B ANSWER all current owners of real estate fronting on that road.
B B B B B B B B B




All of the following are methods to calculate the reproduction or replacement cost of a buildin
B B B B B B B B B B B B B B B



g EXCEPT what? - ANSWER
B B B B straight-line method. B




If all other factors are equal, in which location is a parking lot likely to bring the highest sales pr
B B B B B B B B B B B B B B B B B B B



ice? - ANSWER B B Business district zoned for a six-story office building.
B B B B B B B




An appraiser MUST be licensed or certified to handle Federally related work on residential pro
B B B B B B B B B B B B B B



perty valued at more than what? - ANSWER
B B B B B B B $250,000


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Wicky