@PROFDOCDIGITALLIBRARIES
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
___________.
PR
A. Broker—salesperson
B. Salesperson—seller
O
C. Broker—broker
FD
D. Broker—seller - correct answers C. Broker- broker
O
A deed is used to transfer ownership of real estate. A bill of sale would be
used to transfer ownership
C
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
,@PROFDOCDIGITALLIBRARIES
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
PR
destroying or harming the property
O
The Education Standards Advisory Committee is made up of:
A. 12 members
FD
B. 13 members
C. 9 members
O
D. 14 members - correct answers A. 12 members
C
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
,@PROFDOCDIGITALLIBRARIES
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?
PR
A. Metes and bounds
B. Government survey
O
C. Recorded plat
D. Assessor's parcel number - correct answers A. Metes and bounds
FD
When someone owns property to the exclusion of all other persons, this
O
person is said to hold the
C
property in:
A. Personality
B. Severalty
C. Common
D. Secret - correct answers B. Severalty
, @PROFDOCDIGITALLIBRARIES
One who is given a power-of-attorney that allows them to sign the name of a
principal to a contract of
sale is a(n):
A. Attorney-in-fact
B. Broker with a listing
PR
C. Special agent
D. Attorney at law - correct answers A. Attorney-in-fact
O
TRELA does not apply to:
FD
A. An attorney licensed in this state
B. An on-site manager of an apartment complex
O
C. A public official while engaged in official duties
C
D. All of the above - correct answers D. All of the above
The most widely recognized aspect of joint tenancy is the:
A. Right of equal interest
B. Right of equal use
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
___________.
PR
A. Broker—salesperson
B. Salesperson—seller
O
C. Broker—broker
FD
D. Broker—seller - correct answers C. Broker- broker
O
A deed is used to transfer ownership of real estate. A bill of sale would be
used to transfer ownership
C
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
,@PROFDOCDIGITALLIBRARIES
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
PR
destroying or harming the property
O
The Education Standards Advisory Committee is made up of:
A. 12 members
FD
B. 13 members
C. 9 members
O
D. 14 members - correct answers A. 12 members
C
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
,@PROFDOCDIGITALLIBRARIES
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?
PR
A. Metes and bounds
B. Government survey
O
C. Recorded plat
D. Assessor's parcel number - correct answers A. Metes and bounds
FD
When someone owns property to the exclusion of all other persons, this
O
person is said to hold the
C
property in:
A. Personality
B. Severalty
C. Common
D. Secret - correct answers B. Severalty
, @PROFDOCDIGITALLIBRARIES
One who is given a power-of-attorney that allows them to sign the name of a
principal to a contract of
sale is a(n):
A. Attorney-in-fact
B. Broker with a listing
PR
C. Special agent
D. Attorney at law - correct answers A. Attorney-in-fact
O
TRELA does not apply to:
FD
A. An attorney licensed in this state
B. An on-site manager of an apartment complex
O
C. A public official while engaged in official duties
C
D. All of the above - correct answers D. All of the above
The most widely recognized aspect of joint tenancy is the:
A. Right of equal interest
B. Right of equal use
