REAL ESTATE SALESPERSON LICENSE EXAM QUESTIONS AND
100% VERIFIED ANSWERS RECENTLY UPDATED
The fact that an individual must go to the land describes what physical
characteristics of land? - ANSWER Immobility
John and Mary are co-owners of a property. John has a 60% interest in the
property and Mary has 40%. What type of freehold estate do they have? -
ANSWER Tenancy in Common
A Property is surveyed to determine a legal description. The surveyor works
from a point of beginning, and measures terminal points and angles. What
method of land description is he using? - ANSWER Metes and Bounds
John leased space in a building and installed bookcases and ceiling fans in that
space. His lease will end soon. What will happen to the bookcases and fan? -
ANSWER Because they have been installed, the bookcases and fans are fixtures
and have become part of the property. He must leave them behind.
What is an example of involuntary, statutory, specific lien? - ANSWER Ad
Valorem Tax Lien
Buyer's agent has helped her buyers find a property. The sellers have installed a
fountain in the courtyard and the buyers have stressed tot heir agent that they
want the fountain to be included in the purchase. What should the buyers' agent
do to ensure that her clients get the fountain? - ANSWER The agent can
include wording int he buyers' offer that indicates the fountain is included in the
sale.
All of the following are fixtures except?:
1. Shrubs
2. Pool
3. Tree
4. Land - ANSWER Land
,Mary and John are married with grown children. Both are intestate. If John dies
and Mary becomes the owner of the home, what type of ownership did they
have? - ANSWER Tenancy by the Entirety
A one-half acre parcel of land in Manhattan, NY is worth considerably more
than a one-half acre parcel in White Plains, NY. This is an example of: -
ANSWER Scarcity
What is the difference between an easement and a lien? - ANSWER Easement
is a right in land and a lien is not
A seller shows his property with ceiling fans. After closing when the buyer
enters the house the ceiling fans have been removed and the wires are hanging
down from the ceiling. What best describes this situation? - ANSWER The
seller cannot take the fans because they are fixtures.
A married couple purchases property and takes title as Tenants by the Entirety.
What is not true about this? - ANSWER When the spouse dies their share will
pass to their heirs including but not limited to the surviving spouse.
The local government needs your land to build a new high school. They have
the right to take your land for the public good. What is this called? - ANSWER
Eminent Domain
You have recently purchased property in an area regulated by zoning. It has
come to your attention that you have zoning violation on the property. What
should you do? - ANSWER Request a variance from the zoning board
One of the property owners in a subdivision is violating the deed restrictions.
What can the other property owners do to get him to comply? - ANSWER Seek
an injunction from the courts
Your property boarders a non-navigable waterway and you have riparian rights.
You have built a 10-foot pier at the waters edge. How do you measure your
property? - ANSWER To the middle of the waterway
Mary, a single woman, ha snow children. She owns real property and dies
intestate. What happens to her real property? - ANSWER The court will
, appoint an administrator and it will be distributed to her heirs by the Law of
Descent.
What is the best example of a buffer zone? - ANSWER Garden apartments
between single family homes and retail shops.
All of the following apply to water rights except? - ANSWER Prior
appropriation
Main difference between Zoning and Master Planning? - ANSWER Zoning
laws are implementation and Master Planning is a process.
A property owner has a gas station on his land. The zoning committee changes
the zoning to R-1. What must a property owner do? - ANSWER Nothing. The
property is automatically considered a con-conforming use.
A property owner receives a notice that his land is an improvement district.
What does this mean? - ANSWER He wil l receive an additional tax bill.
A property owner has installed a chain link fence on his property. He has
received an official notice requiring the removal of this type of fence. This
fence is most likely a violation of? - ANSWER Deed Restrictions or Deed
Covenants
A single property is regulated by building codes, zoning, and deed restrictions.
The rules are in conflict with one another. Which must the property owner
obey? - ANSWER Whichever rules are the most strict or limiting.
M.A.I. refers to what professional group? - ANSWER Real Estate Appraisers
A builder is using inferior siding and paint in an effort to construct affordable
housing. This builder is an example of? - ANSWER Functional Obsolescence
An appraiser has been asked to determine the market value of a home
significantly older than all other homes in the neighborhood. What approach
should he use? - ANSWER Cost Approach using replacement cost
100% VERIFIED ANSWERS RECENTLY UPDATED
The fact that an individual must go to the land describes what physical
characteristics of land? - ANSWER Immobility
John and Mary are co-owners of a property. John has a 60% interest in the
property and Mary has 40%. What type of freehold estate do they have? -
ANSWER Tenancy in Common
A Property is surveyed to determine a legal description. The surveyor works
from a point of beginning, and measures terminal points and angles. What
method of land description is he using? - ANSWER Metes and Bounds
John leased space in a building and installed bookcases and ceiling fans in that
space. His lease will end soon. What will happen to the bookcases and fan? -
ANSWER Because they have been installed, the bookcases and fans are fixtures
and have become part of the property. He must leave them behind.
What is an example of involuntary, statutory, specific lien? - ANSWER Ad
Valorem Tax Lien
Buyer's agent has helped her buyers find a property. The sellers have installed a
fountain in the courtyard and the buyers have stressed tot heir agent that they
want the fountain to be included in the purchase. What should the buyers' agent
do to ensure that her clients get the fountain? - ANSWER The agent can
include wording int he buyers' offer that indicates the fountain is included in the
sale.
All of the following are fixtures except?:
1. Shrubs
2. Pool
3. Tree
4. Land - ANSWER Land
,Mary and John are married with grown children. Both are intestate. If John dies
and Mary becomes the owner of the home, what type of ownership did they
have? - ANSWER Tenancy by the Entirety
A one-half acre parcel of land in Manhattan, NY is worth considerably more
than a one-half acre parcel in White Plains, NY. This is an example of: -
ANSWER Scarcity
What is the difference between an easement and a lien? - ANSWER Easement
is a right in land and a lien is not
A seller shows his property with ceiling fans. After closing when the buyer
enters the house the ceiling fans have been removed and the wires are hanging
down from the ceiling. What best describes this situation? - ANSWER The
seller cannot take the fans because they are fixtures.
A married couple purchases property and takes title as Tenants by the Entirety.
What is not true about this? - ANSWER When the spouse dies their share will
pass to their heirs including but not limited to the surviving spouse.
The local government needs your land to build a new high school. They have
the right to take your land for the public good. What is this called? - ANSWER
Eminent Domain
You have recently purchased property in an area regulated by zoning. It has
come to your attention that you have zoning violation on the property. What
should you do? - ANSWER Request a variance from the zoning board
One of the property owners in a subdivision is violating the deed restrictions.
What can the other property owners do to get him to comply? - ANSWER Seek
an injunction from the courts
Your property boarders a non-navigable waterway and you have riparian rights.
You have built a 10-foot pier at the waters edge. How do you measure your
property? - ANSWER To the middle of the waterway
Mary, a single woman, ha snow children. She owns real property and dies
intestate. What happens to her real property? - ANSWER The court will
, appoint an administrator and it will be distributed to her heirs by the Law of
Descent.
What is the best example of a buffer zone? - ANSWER Garden apartments
between single family homes and retail shops.
All of the following apply to water rights except? - ANSWER Prior
appropriation
Main difference between Zoning and Master Planning? - ANSWER Zoning
laws are implementation and Master Planning is a process.
A property owner has a gas station on his land. The zoning committee changes
the zoning to R-1. What must a property owner do? - ANSWER Nothing. The
property is automatically considered a con-conforming use.
A property owner receives a notice that his land is an improvement district.
What does this mean? - ANSWER He wil l receive an additional tax bill.
A property owner has installed a chain link fence on his property. He has
received an official notice requiring the removal of this type of fence. This
fence is most likely a violation of? - ANSWER Deed Restrictions or Deed
Covenants
A single property is regulated by building codes, zoning, and deed restrictions.
The rules are in conflict with one another. Which must the property owner
obey? - ANSWER Whichever rules are the most strict or limiting.
M.A.I. refers to what professional group? - ANSWER Real Estate Appraisers
A builder is using inferior siding and paint in an effort to construct affordable
housing. This builder is an example of? - ANSWER Functional Obsolescence
An appraiser has been asked to determine the market value of a home
significantly older than all other homes in the neighborhood. What approach
should he use? - ANSWER Cost Approach using replacement cost
