Pearson Vue Real Estate Insurance Exam Questions with Verified Answers 100% Guarantee passing score of 90% or higher

Pearson Vue Real Estate Insurance Examss ss ss ss ss ss




Questions with Verified Answers ss ss ss




100% Guarantee passing score of 90% or higher
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Consist of 80 multichoice Questions with Answers
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1. What would result from a condition in a deed?
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a. fee simple ss




b. defeasible fee ss




c. chattels real. ss




d. nonfreehold estate ss




Answer
B. Defeasible Fee
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Fee simple determinable is a defeasible estate that could be lost lost upon
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the happening of a specified condition.
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If a deed specifies that a grant shall be only "for as long as"; or while a
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ss property is in a particular use, the length of the estate is really determined
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ss by the deed
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2. J installed central air-conditioning in his home. the compressor unit,
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, which was located outside the home, would be regarded as what?
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Answer
ss Real property ss




3. an investor's personal assets could be subject to a creditor's
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ss claim in a... ss ss




Answer
ss General Partnership ss




An active partner and has unlimited personal liability for the debts of the
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partnership. One general partner can personally obligate the other general
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ss partners (Part of Tenancy in Partnership)
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4. How does an S corporation differ from other corporations?
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Answer
ss Its investors have no personal liability
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5. A tenant in a commercial building installed a large sign that was
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ss anchored to the building with steel rods. Which term properly
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ss describes the sign? ss ss




A.Fixture
B. Trade fixture ss




C. Real Property ss




D. Emblement
Answer
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, B. Trade Fixture
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Installed by a tenant for the purpose of conducting a business or trade.
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A tenant can remove a trade fixture but is liable for removal damage to real
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ss property
.
6. What type of real property description would include reference to
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ss an iron stake?
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Answer
ss Metes and bounds (aka measurements and directions)
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Shows the boundaries of parcel by measuring from point to point. The
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ss measuring points in a metes-and-bounds description are known as
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ss monuments.


Two types of monuments ss ss ss




-natural monuments ss




ss tress, rocks, rivers ss ss




-artificial monuments ss




ss iron stakes, fences, roads
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7. Real property interests include... ss ss ss




Answer
ss an appurtenance that goes with the land.
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