THE CE SHOP REAL ESTATE ACTUAL EXAM
SCRIPT BUNDLE 2026 QUESTIONS WITH
VERIFIED ANSWERS
⩥ zoning. Answer: Establishing specific classifications to land that
dictate how the land may be used
⩥ wrap-around mortgage. Answer: A form of seller financing in which
the seller's mortgage remains in place but the seller receives payments
from the buyer; generally a relatively short-term arrangement (perhaps
five years) that's put in place until the buyer is able to qualify for a
conventional mortgage
⩥ wood-destroying insects. Answer: Termites, wood-boring beetles,
carpenter ants, and other insects that damage a property's wooden
structural components
⩥ will. Answer: A written document detailing the disposition of assets
after death, and other wishes, signed by the testator
⩥ wholesaling. Buying real property at deep discounts and immediately
selling for a small profit Answer:
,⩥ wetlands. Answer: Areas of standing water that remain wet for all or
most of the year and support aquatic plants—including bogs, marshes,
swamps, and sloughs that support a very high diversity of species
⩥ water table. Answer: The ground saturation point
⩥ watershed. Answer: Land formations that direct the water "shed" from
higher elevations to lakes, streams, and other bodies of water
⩥ water rights. Answer: The rights to use the water either on or adjacent
to one's land
⩥ warranty. Answer: In a deed, a guarantee that what is stated or
promised is true
⩥ wallboard (aka plasterboard). Answer: Building material used to make
walls that consists of large pieces of plaster covered with paper
⩥ walk-through Answer: A buyer's final inspection of a property to
determine if all of the conditions to the purchase agreement have been
satisfied and that the home is in the same condition it was in when it
went under contract
⩥ voluntary lien Answer: A lien that is agreed to, such as a mortgage
,⩥ voluntary alienation Answer: The transfer of real property ownership
with the owner's consent (e.g., traditional sale)
⩥ voltage Answer: The electrical pressure that pushes through electrical
wires
⩥ volatile organic compounds Answer: VOCs; When they break down,
they release toxins into the air/atmosphere, endangering health and the
environment
⩥ VOCs Answer: Volatile organic compounds; emitted as gases from
certain solids or liquids
⩥ violation Answer: A failure to abide by a rule or law
⩥ vicarious liability Answer: A person's liability for another person's
actions when the other person is acting on the original party's behalf
⩥ variance Answer: A permitted deviation from zoning
⩥ variable expenses Answer: Expenses that change, depending on
occupancy level
, ⩥ VA mortgage Answer: A mortgage in which the loan is guaranteed by
the U.S. Department of Veterans Affairs
⩥ value in use Answer: The worth of a property as the owner is currently
using it
⩥ value Answer: What a property is worth
⩥ valuation Answer: An estimate of value; an appraisal
⩥ valuable consideration Answer: An agreement to provide something
of worth to another that is either a loss incurred by the person making
the promise or a benefit received by the other person; it is an essential
element of a binding contract
⩥ vacancy rate Answer: A percentage of all available units in a given
market that are unoccupied at a given time
Vacancy rate = number of vacant units ÷ total units
⩥ use variance Answer: Permission to use the land for a purpose
prohibited by current zoning restrictions
SCRIPT BUNDLE 2026 QUESTIONS WITH
VERIFIED ANSWERS
⩥ zoning. Answer: Establishing specific classifications to land that
dictate how the land may be used
⩥ wrap-around mortgage. Answer: A form of seller financing in which
the seller's mortgage remains in place but the seller receives payments
from the buyer; generally a relatively short-term arrangement (perhaps
five years) that's put in place until the buyer is able to qualify for a
conventional mortgage
⩥ wood-destroying insects. Answer: Termites, wood-boring beetles,
carpenter ants, and other insects that damage a property's wooden
structural components
⩥ will. Answer: A written document detailing the disposition of assets
after death, and other wishes, signed by the testator
⩥ wholesaling. Buying real property at deep discounts and immediately
selling for a small profit Answer:
,⩥ wetlands. Answer: Areas of standing water that remain wet for all or
most of the year and support aquatic plants—including bogs, marshes,
swamps, and sloughs that support a very high diversity of species
⩥ water table. Answer: The ground saturation point
⩥ watershed. Answer: Land formations that direct the water "shed" from
higher elevations to lakes, streams, and other bodies of water
⩥ water rights. Answer: The rights to use the water either on or adjacent
to one's land
⩥ warranty. Answer: In a deed, a guarantee that what is stated or
promised is true
⩥ wallboard (aka plasterboard). Answer: Building material used to make
walls that consists of large pieces of plaster covered with paper
⩥ walk-through Answer: A buyer's final inspection of a property to
determine if all of the conditions to the purchase agreement have been
satisfied and that the home is in the same condition it was in when it
went under contract
⩥ voluntary lien Answer: A lien that is agreed to, such as a mortgage
,⩥ voluntary alienation Answer: The transfer of real property ownership
with the owner's consent (e.g., traditional sale)
⩥ voltage Answer: The electrical pressure that pushes through electrical
wires
⩥ volatile organic compounds Answer: VOCs; When they break down,
they release toxins into the air/atmosphere, endangering health and the
environment
⩥ VOCs Answer: Volatile organic compounds; emitted as gases from
certain solids or liquids
⩥ violation Answer: A failure to abide by a rule or law
⩥ vicarious liability Answer: A person's liability for another person's
actions when the other person is acting on the original party's behalf
⩥ variance Answer: A permitted deviation from zoning
⩥ variable expenses Answer: Expenses that change, depending on
occupancy level
, ⩥ VA mortgage Answer: A mortgage in which the loan is guaranteed by
the U.S. Department of Veterans Affairs
⩥ value in use Answer: The worth of a property as the owner is currently
using it
⩥ value Answer: What a property is worth
⩥ valuation Answer: An estimate of value; an appraisal
⩥ valuable consideration Answer: An agreement to provide something
of worth to another that is either a loss incurred by the person making
the promise or a benefit received by the other person; it is an essential
element of a binding contract
⩥ vacancy rate Answer: A percentage of all available units in a given
market that are unoccupied at a given time
Vacancy rate = number of vacant units ÷ total units
⩥ use variance Answer: Permission to use the land for a purpose
prohibited by current zoning restrictions
