NATIONAL REAL ESTATE BUNDLED EXAMS 2023 WITH 100% CORRECT ANSWERS

1) licensee A has out-of-town relatives come to visit and he shows them several listings. He ends up helping them rent a property with an option to purchase. He should make a disclosure to (A) the listing broker (B) the listing agent (C) the seller (D) all the above and his relatives - correct...

A person designated in a written power-of-attorney, to legally act for another in his stead is typically called a(n): A fiduciary. B principal. C attorney-in-fact. D agent. - correct answer -C. Any person may give another the authority to act on his or her behalf. The legal document that does th...

A title was recorded for a parcel of real property vested in the name of Johan Wilson, a property only in the name of Johan Roberts, a married woman. The discrepancy in the grantor's name is: - correct answer -A defect which may cause a cloud on the title. Which contract would be the most diffic...

Which of the following is a lien on real estate? a. recorded easement b. recorded mortgage c. encroachment d. dead restriction - correct answer -b. recorded mortgage Which approach to value would MOST likely be useful to real estate brokers estimating the value of a single-family residence ...

A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of... - correct answer -improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the st...

Amenities of residential real estate are: - correct answer -A) The property's physical attributes B) Measurable on the market C) Not considered by appraisers because they are intangible qualities D) Related to its capacity to provide shelter effectively B) To restore an old home to its origi...