Principles of Real Estate Final Exam Review Questions and Answers (Lates Update 2025) Verified Answers

Principles of Real Estate Final Exam Review
Questions and Answers (Lates Update
2025) Verified Answers




1. The listing is always taken in the name of the _________ and becomes the
property of the

___________.



A. Broker—salesperson

B. Salesperson—seller

C. Broker—broker

D. Broker—seller - correct answers C. Broker- broker

,A deed is used to transfer ownership of real estate. A bill of sale would be
used to transfer ownership

of:

A. A mortgage

B. Personal property

C. A deed of trust

D. A house and 2 acres of land - correct answers B. Personal property



The life tenant in a life estate is not allowed to:

A. Pay the property tax on the property

B. Commit waste by destroying or harming the property

C. Lease the property and keep the rent

D. Improve the property - correct answers B. Commit waste by
destroying or harming the property



The Education Standards Advisory Committee is made up of:

A. 12 members

B. 13 members

C. 9 members

,D. 14 members - correct answers A. 12 members



The government receives the authority to take the property of one who dies
without a will and without

heirs by virtue of:

A. Laws of agency

B. Eminent domain

C. Police power

D. Escheat - correct answers D. Escheat



Which of the following land description methods identifies a parcel of land
by specifying its shape and

boundaries?

A. Metes and bounds

B. Government survey

C. Recorded plat

D. Assessor's parcel number - correct answers A. Metes and bounds

, When someone owns property to the exclusion of all other persons, this
g g g g g g g g g g g




g person is said to hold the
g g g g g




property in: g




A. Personality
g




B. Severalty
g




C. Common
g




D. Secret - correct answers
g g g g g B. Severalty
g




One who is given a power-of-attorney that allows them to sign the name of
g g g g g g g g g g g g g




g a principal to a contract of
g g g g g




sale is a(n):g g




A. Attorney-in-fact
g




B. Broker with a listing
g g g g




C. Special agent
g g




D. Attorney at law - correct answers
g g g g g g g A. Attorney-in-fact
g




TRELA does not apply to:
g g g g




A. An attorney licensed in this state
g g g g g g




B. An on-site manager of an apartment complex
g g g g g g g