Fletcher Real Estate Final Practice Test 2025 with 230
Recently Tested Questions and Correct Answers
A salesperson represents the _____ - ANSWER-Broker
Which of the following is required to hold a real estate license?
A. A person who, for compensation, helps sell his neighbor's home
B. A government employee selling land owned by the government
C. A property manager leasing property in the course of his employment for the
owner.
D. All of these choices - ANSWER-A
Personal property which is attached to a building and which will convey with the
land is known as? - ANSWER-a fixture
All of the following are personal property EXCEPT:
A. Trade fixtures
B. a privacy fence
C. patio furniture
D. portable dishwasher - ANSWER-B
Merging two or more properties into common ownership is known as _____, while
any increase in value that results is known as _____. - ANSWER-assemblage;
plottage
pg. 1
,Two real estate developers are working on similar but competing commercial
developments. Both projects are finished at approximately the same time and are of
similar quality and purpose. Which of the following would most likely characterize
the reasons that one succeeds while the other fails? - ANSWER-Situs
Francoise is awarded a judgment lien against Gerald. Gerald's only asset is his real
property worth approximately $20,000. This property already has a tax lien, a
mortgage lien and a recorded mechanic's lien. If the property is sold at a
foreclosure or trustee's sale, Francoise can expect to collect on the judgment lien,
before which of the following?
A. The mortgage
B. tax lien
c. mechanic's lien
d. none of above - ANSWER-D
Six months after Brady bought his home, he installed custom made storm windows
and doors throughout the house. Later, when he sells his property, will these storm
windows and doors automatically convey with the house?
A. Yes, unless in advance of the sale, Brady clearly specifies that they will be
removed.
B. Yes, if he lived in the property at least a year before the sale.
C. No, because they were not part of the original structure
D. No, because they can be removed, if they are taken off carefully - ANSWER-A
When the action of water causes moves soil away from a property, that is referred
to as: - ANSWER-erosion
Zorba leases a restaurant. He installs ovens, booths and counters. Which of the
following is true?
pg. 2
,A. The ovens, booths and counters are fixtures that belong to the owner of the
property and cannot be removed
B. The ovens, booths and counters are trade fixtures and can be removed by Zorba
at any time prior to or after the expiration of the lease.
C. The ovens, booths and counters are trade fixtures and can be removed only prior
to the expiration of Zorba's lease
D. Zorba is not responsible for any damage caused by the removal of the fixtures -
ANSWER-C
Stocks, bonds, notes and mortgages are personal property. T/F? - ANSWER-True
Which of the following is NOT recognized as personal property? (2)
A. a lease
B. a mortgage that secures personal property
C. Replacement fixtures
D. Cattle and horses
E. an easement - ANSWER-C; E
a ______ fixture can be affixed to real property without becoming legal part of the
property - ANSWER-trade
Trade fixtures may not be removed from leased premises once they are affixed.
T/F? - ANSWER-False
Trade fixtures do not include replacement fixtures. T/F? - ANSWER-True
Fructus industriales is another term for: - ANSWER-emblements
pg. 3
, all property other than real property is known as _____ - ANSWER-Chattel
A bill of sale is to personal property as a deed is to real property. T/F? -
ANSWER-True
The actual amount of money paid for a particular parcel of real estate is said to be
that property's: - ANSWER-Price
In an ideal market, the forces of supply and demand are always chaotic. T/F? -
ANSWER-False
A licensed real estate salesperson may legally accept an extra commission for a
difficult sale from: - ANSWER-his or her broker-employer
Owner Kelly is leaving the area for a one year period. She asks salesperson Boren
to manage her rental house for $45/mo while she is gone. Which of the following
is true in this situation?
A. Boren must work through her broker
B. Boren must put the $45 in an interest bearing escrow account
C. This is OK because the compensation is less than $1,000
D. This is OK because the time element is not more than one year - ANSWER-A
Surface rights consist of only the right to control, occupy, and use the surface area
of a parcel of real estate. T/F? - ANSWER-False
Mineral rights are:
A. Always considered to be personal property
pg. 4