ON LAW ENFORCEMENT 2026 FULL
QUESTIONS AND ANSWERS
◉ Which of the following liens takes priority prior to being recorded
in public records? Answer: construction lien
◉ Which of the following is most likely determined by the overall
value of the property? Answer: property taxes
◉ The sellers are closing on their property tomorrow. They may
remove all the following property from the house, except the:
Answer: rented water softener
◉ Which of the following does not meet the definition of a
homestead? Answer: warehouse
◉ John and Ann are a married couple. John owns a duplex with his
brother Tom as a joint tenant. If John dies who gets his interest in
the duplex? Answer: Tom
,◉ A similarity between condominium and cooperative ownership is:
Answer: both condominiums and cooperatives are likely to be
managed by an association
◉ A recorded instrument that places private restrictions on land is
a: Answer: deed restriction
◉ Which land use is permitted with the understanding that it will
eventually be eliminated? Answer: Nonconforming use
◉ A disabled individual with a service dog wants to purchase a
condominium with a "no pets" policy. In this situation the
condominium association may: Answer: Require the dog owner to
clean up after the dog
◉ The best way to determine the permitted use for a particular
property is to: Answer: refer to local ordinances
◉ A property owner wants to add a sunroom to her home. The
sunroom addition would violate the required setbacks. What does
the property owner need to build the sunroom? Answer: a variance
◉ After receiving condominium documents, how many business
days does a buyer have to rescind an offer? Answer: 5 days
, ◉ A concept in housing design that allows for high-density dwellings
and maximum use of open spaces to create park and recreation
space is known as a: Answer: planned unit development
◉ when performing a market analysis, a licensee compares a
property's amenities: Answer: because no two properties are the
same
◉ a real estate licensee will most likely determine: Answer: Market
value
◉ The seller has a sales contract for $275,250. What is the seller's
transfer fee? Answer: $825.90 (round to the nearest $100 then
multiply by .003= 275,300 x .003)
◉ The principle of value most heavily relied upon for the
determination of market value in existing residential property is:
Answer: Substitution
◉ A borrower has obtained a loan amortized over 30 years , but the
borrower needs to pay it off in five years. This is most likely:
Answer: a balloon loan
◉ When entering a WB-36 Buyer Agency/Tenant Representation
Agreement: Answer: a licensee must give agency disclosure