Real Estate Salesperson License
Exam Questions with Detailed
Verified Answers
The fact that an individual must go to the land describes what physical
characteristics of land? Ans: 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? Ans:
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? Ans: 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? Ans: 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? Ans: 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? Ans: The agent
can include wording int he buyers' offer that indicates the fountain is included
in the sale.
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All of the following are fixtures except?:
1. Shrubs
2. Pool
3. Tree
4. Land Ans: 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? Ans: 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: Ans:
Scarcity
What is the difference between an easement and a lien? Ans: 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? Ans: 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? Ans: 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? Ans:
Eminent Domain
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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? Ans: 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? Ans: 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? Ans: 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? Ans: 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? Ans: Garden apartments between
single family homes and retail shops.
All of the following apply to water rights except? Ans: Prior appropriation
Main difference between Zoning and Master Planning? Ans: 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? Ans: 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? Ans: He wil l receive an additional tax bill.