PERRY REAL ESTATE COLLEGE FINAL COMPLETE EXAM
QUESTIONS AND 100% CORRECT ANSWERS (PASS
GUARANTEE)
Regarding a specific warranty deed, which of the following statements is
accurate?
In addition to the warranties stated in a warranty deed, the grantor is providing
other guarantees.
For as long as the grantor possessed the property, the grantor's warranties were
in effect.
The grantor guarantees that the property is free of encumbrances.
An interest in the ownership is still held by the grantor. ANSWER: The
grantor's guarantees are only valid for the duration that the property was owned
by the grantor.
It is possible to establish a joint tenancy with survivorship rights.
automatically in the event that the surviving children receive the property.
by action or volition
by assumption in the absence of a description of another type of ownership.
automatically in the event that both spouses sign a deed: ANSWER by deed or
will
The following would all be regarded as specific data, with the exception of:
,The relevant property's dimensions
The area's gross rent multipliers
the local job prospects
the sales information for similar properties - ANSWER the local job openings
The commission may take action if it finds that a person is engaging in
unauthorised broking.
Ask the Circuit Court for injunctive relief.
Contact the Commission with a Complaint
File a lawsuit in district court.
ANSWER: Submit a complaint to the Attorney General's Office and ask the
Circuit Court for injunctive remedy.
As proof of a marketable title, any of the following would be acceptable, with
the exception of
The warranty deed of a property owner
A legal and abstract opinion
The Torrens certificate
A warranty deed for a property owner - ANSWER A title insurance policy
Licensees who are aware that a seller has an exclusive listing with another
broking
may make a phone call to the vendor
Might not get in touch with that vendor
, might knock on the door of the vendor.
may write to the vendor; the response may not get in touch with them.
Commissioners are appointed by the Governor.
from a list that the Real Estate Commission supplied
The Kentucky Association of REALTORS supplied the list.
from a list that his or her employees have supplied
From a list supplied by the Kentucky Association of REALTORS, none of the
aforementioned
When choosing a renter for the property, all of the following should be taken
into account, with the exception of
Tenant's business and other tenants' business compatibility
The available space's dimensions in relation to the needs of the occupants
The ability of the tenant to pay the rent
Tenant and employee ethnic backgrounds - ANSWER Tenant and employee
ethnic backgrounds
Mortgages that have a defeasance provision must execute a(n)
mortgage assignment
mortgage satisfaction
agreement for partial release
subordination agreement-ANSWER mortgage satisfaction
Which of these would be regarded as lawful?
QUESTIONS AND 100% CORRECT ANSWERS (PASS
GUARANTEE)
Regarding a specific warranty deed, which of the following statements is
accurate?
In addition to the warranties stated in a warranty deed, the grantor is providing
other guarantees.
For as long as the grantor possessed the property, the grantor's warranties were
in effect.
The grantor guarantees that the property is free of encumbrances.
An interest in the ownership is still held by the grantor. ANSWER: The
grantor's guarantees are only valid for the duration that the property was owned
by the grantor.
It is possible to establish a joint tenancy with survivorship rights.
automatically in the event that the surviving children receive the property.
by action or volition
by assumption in the absence of a description of another type of ownership.
automatically in the event that both spouses sign a deed: ANSWER by deed or
will
The following would all be regarded as specific data, with the exception of:
,The relevant property's dimensions
The area's gross rent multipliers
the local job prospects
the sales information for similar properties - ANSWER the local job openings
The commission may take action if it finds that a person is engaging in
unauthorised broking.
Ask the Circuit Court for injunctive relief.
Contact the Commission with a Complaint
File a lawsuit in district court.
ANSWER: Submit a complaint to the Attorney General's Office and ask the
Circuit Court for injunctive remedy.
As proof of a marketable title, any of the following would be acceptable, with
the exception of
The warranty deed of a property owner
A legal and abstract opinion
The Torrens certificate
A warranty deed for a property owner - ANSWER A title insurance policy
Licensees who are aware that a seller has an exclusive listing with another
broking
may make a phone call to the vendor
Might not get in touch with that vendor
, might knock on the door of the vendor.
may write to the vendor; the response may not get in touch with them.
Commissioners are appointed by the Governor.
from a list that the Real Estate Commission supplied
The Kentucky Association of REALTORS supplied the list.
from a list that his or her employees have supplied
From a list supplied by the Kentucky Association of REALTORS, none of the
aforementioned
When choosing a renter for the property, all of the following should be taken
into account, with the exception of
Tenant's business and other tenants' business compatibility
The available space's dimensions in relation to the needs of the occupants
The ability of the tenant to pay the rent
Tenant and employee ethnic backgrounds - ANSWER Tenant and employee
ethnic backgrounds
Mortgages that have a defeasance provision must execute a(n)
mortgage assignment
mortgage satisfaction
agreement for partial release
subordination agreement-ANSWER mortgage satisfaction
Which of these would be regarded as lawful?
