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Perry Real Estate Final Exam wit QUESTIONS AND
CORRECT DETAILED ANSWERS (100% CORRECT
ANSWERS) PCCN EXAM PREP TEST BANK (NEWLY
UPDATED 2026-2027!!)
A third party holds title to property on behalf of someone
else through the use of a
-devise
-deed in trust
-bequest
-quitclaim deed - ANSWER-deed in trust
Abel and Baker are joint tenants. Baker sells his interest to
Charlie. What is the relationship of Abel and Charlie?
-they are joint tenants
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-they are tenants in common
-there is no relationship because Baker cannot sell to
Charlie
-Abel owns a 2/3 interest and Charlie owns a 1/3 interest -
ANSWER-they are tenants in common
All of the following would be acceptable as evidence of
marketable title EXCEPT
-a property owner's warranty deed
-an abstract and legal opinion
-Torren's certificate
-a title insurance policy - ANSWER-a property owner's
warranty deed
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The method of describing land that uses degrees, feet,
and monuments is known as the
-angular system.
-metes and bounds system.
-rectangular survey system.
-lot and block system. - ANSWER-metes and bounds
system
a broker who is the agent of the buyer should do which of
the following?
-present to the seller only offers that are acceptable
-disclose to the seller that the buyer is a minority person
-disclose to the seller the maximum price the buyer is
willing to pay
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-advise the buyer if the listing price of the seller's house is
unrealistic - ANSWER-advise the buyer if the listing price
of the seller's house is unrealistic
a sales associate with one year of experience is managing
a broker's branch office, which is 45 miles from the main
office. Which of the following is TRUE?
-the sales associate is acting legally because she has
enough experience
-the sales associate is acting illegally because she does
not have enough experience
-the sales associate's experience does natter under
license law
Perry Real Estate Final Exam wit QUESTIONS AND
CORRECT DETAILED ANSWERS (100% CORRECT
ANSWERS) PCCN EXAM PREP TEST BANK (NEWLY
UPDATED 2026-2027!!)
A third party holds title to property on behalf of someone
else through the use of a
-devise
-deed in trust
-bequest
-quitclaim deed - ANSWER-deed in trust
Abel and Baker are joint tenants. Baker sells his interest to
Charlie. What is the relationship of Abel and Charlie?
-they are joint tenants
,2|Page
-they are tenants in common
-there is no relationship because Baker cannot sell to
Charlie
-Abel owns a 2/3 interest and Charlie owns a 1/3 interest -
ANSWER-they are tenants in common
All of the following would be acceptable as evidence of
marketable title EXCEPT
-a property owner's warranty deed
-an abstract and legal opinion
-Torren's certificate
-a title insurance policy - ANSWER-a property owner's
warranty deed
,3|Page
The method of describing land that uses degrees, feet,
and monuments is known as the
-angular system.
-metes and bounds system.
-rectangular survey system.
-lot and block system. - ANSWER-metes and bounds
system
a broker who is the agent of the buyer should do which of
the following?
-present to the seller only offers that are acceptable
-disclose to the seller that the buyer is a minority person
-disclose to the seller the maximum price the buyer is
willing to pay
, 4|Page
-advise the buyer if the listing price of the seller's house is
unrealistic - ANSWER-advise the buyer if the listing price
of the seller's house is unrealistic
a sales associate with one year of experience is managing
a broker's branch office, which is 45 miles from the main
office. Which of the following is TRUE?
-the sales associate is acting legally because she has
enough experience
-the sales associate is acting illegally because she does
not have enough experience
-the sales associate's experience does natter under
license law
