EXAM AND PRACTICE EXAM NEWEST 2024-2025
ACTUAL EXAM COMPLETE 300 QUESTIONS AND
CORRECT DETAILED
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Terms in this set (339)
Stock in a mutual water Real Property
company is best
described as:
When two ore more Joint Tenancy
parties own real property
as co-owners with the
right of survivorship, what
is the tenancy called?
,How long must one use 5 years
another's land open and
notoriously to obtain an
easement by prescription?
Adverse possession is an Occupancy
example of how title to
land an be acquired by:
In the Rectangular Survey Base lines
System, what would one
call the lines running East
and West?
All property acquired by a Community Property
husband and wife during a
valid marriage (except for
separate property) is
called:
What is the fullest B) Fee Simple Absolute
freehold estate in fee that
one can hold?
A) Life Estate
B) Fee Simple Absolute
C) Fee Simple Conditional
D) Lease Hold Estate
That which is immovable Real property
by law is also known as:
The most common way to Agency by agreement
create an agency
relationship is:
, If an agent provides the 3 days
buyer with the Real Estate
Transfer Disclosure
Statement after the offer is
presented, how long does
the buyer have to rescind
the agreement?
A seller's agent may do all Say, "Leave it to me. I can get you the house at the
of the following except: price you want."
As a result of the decision Defects they should have known about through a
in (Easton v. Strassburger, reasonable inspection.
1984) real estate agents
can be held liable for not
only for defect they know
about but also:
A broker is considered Special agent
which of the following to
the principal?
What properties are 1-4 unit residential property.
touched and concerned
by Agency Disclosure
Law?
When underwriting a loan Market Value
application, a mortgage
company is usually
interested in which of
these values?
Which of the following Unimproved land leases for open storage.
would not be
depreciated?