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REAL ESTATE LAW EXAM
Questions and Answers Latest 2026
A house is under contract for sale; it has a built-in
bookcase and a chandelier. The buyer has also agreed to
purchase a dinette set and a table lamp from the seller as
well. Which is most correct? Ans: The built-in bookcase
and chandelier are included in the real estate contract,
because they are part of the real estate. The dinette and
table lamp are chattels and would be sold separately.
All laws - state, county, municipal, private - must fit
within the constraints of this document: Ans: US
CONSTITUTION
An item of personalty that is affixed to the realty so as to
be used as part of it is: Ans: A FIXTURE
Bob owns a bakery in Maplecrest, NJ. Business is not
going well, and he is already a few payments behind on
his mortgage. The income from the bakery is not enough
to repay his debt -- he owes Bank of America $100,000 on
his mortgage and the Maplecrest Credit Union $25,000
for a loan he took out to buy his high-end baking oven. If
BofA forecloses on his mortgage, will they be able to
access the oven as well as the property as security for the
loan, since the oven has been attached to the floor of the
kitchen? Ans: No, as long as the credit union filed a UCC
lien protecting its security interest on the oven, the credit
union gets the oven.
© 2025 All rights reserved
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One of these is an example of a Federal Agency,
empowered to enforce federal law: Ans: environmental
protection agency
One of these is an example of Federal Legislative
Enactments: Ans: Comprehensive Environmental
Response, Compensation, and Liability Act (CERCLA)
In In re North Carolina Swine Farm Nuisance Litigation,
the court dealt with the issue of whether plaintiffs
possessed sufficient property interest to maintain a
nuisance action. What did the court decide? Ans: Yes,
because they have shown that they are lawfully
occupying the property
The following are examples of private laws Ans: . A
Purchase and Sale Agreement
. Rules adopted by a Homeowner's Association
In Kelo v. City of New London, a redevelopment was
challenged by homeowners whose homes would be razed
to make room for the new development. The homeowners
challenged the government's ability to take their homes.
This case went all the way to the U.S. Supreme Court.
What was the primary issue in the case before the
Supreme Court? Ans: Whether the City's redevelopment
plan served a "public purpose"
What is Case Precedent? Ans: 1. Reliance on common law
and prior court decisions to resolve a dispute
© 2025 All rights reserved
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2. Other parties can use and rely on a court's
interpretation of similar facts or similar issues
3. Can be used as a guideline for contracts and
transactions after a judicial decision
Real estate is best defined as... Ans: land and all
permanent attachments
Should the is US Supreme Court hear challenges to
changes in laws impacting climate change and the
environment, which of the following outcomes is likely
with a more conservative court: Ans: Environmental
regulations could be loosened or rescinded, resulting in
lower carbon emissions standards, more national
parkland becoming available for development, fewer
wetlands subject to use restrictions.
Susan Hewitt is a licensed broker in the State of NJ. She is
confused as to her role in dealing with both buyers and
sellers in the same transaction. What sources of law
would help her clarify her role with both buyers and
sellers? Select all that apply. Ans: - State laws on broker
relationships
-State brokerage licensing regulation
-The listing contract for the property
-Case law dealing with this issue
© 2025 All rights reserved
REAL ESTATE LAW EXAM
Questions and Answers Latest 2026
A house is under contract for sale; it has a built-in
bookcase and a chandelier. The buyer has also agreed to
purchase a dinette set and a table lamp from the seller as
well. Which is most correct? Ans: The built-in bookcase
and chandelier are included in the real estate contract,
because they are part of the real estate. The dinette and
table lamp are chattels and would be sold separately.
All laws - state, county, municipal, private - must fit
within the constraints of this document: Ans: US
CONSTITUTION
An item of personalty that is affixed to the realty so as to
be used as part of it is: Ans: A FIXTURE
Bob owns a bakery in Maplecrest, NJ. Business is not
going well, and he is already a few payments behind on
his mortgage. The income from the bakery is not enough
to repay his debt -- he owes Bank of America $100,000 on
his mortgage and the Maplecrest Credit Union $25,000
for a loan he took out to buy his high-end baking oven. If
BofA forecloses on his mortgage, will they be able to
access the oven as well as the property as security for the
loan, since the oven has been attached to the floor of the
kitchen? Ans: No, as long as the credit union filed a UCC
lien protecting its security interest on the oven, the credit
union gets the oven.
© 2025 All rights reserved
, 2 | Page
One of these is an example of a Federal Agency,
empowered to enforce federal law: Ans: environmental
protection agency
One of these is an example of Federal Legislative
Enactments: Ans: Comprehensive Environmental
Response, Compensation, and Liability Act (CERCLA)
In In re North Carolina Swine Farm Nuisance Litigation,
the court dealt with the issue of whether plaintiffs
possessed sufficient property interest to maintain a
nuisance action. What did the court decide? Ans: Yes,
because they have shown that they are lawfully
occupying the property
The following are examples of private laws Ans: . A
Purchase and Sale Agreement
. Rules adopted by a Homeowner's Association
In Kelo v. City of New London, a redevelopment was
challenged by homeowners whose homes would be razed
to make room for the new development. The homeowners
challenged the government's ability to take their homes.
This case went all the way to the U.S. Supreme Court.
What was the primary issue in the case before the
Supreme Court? Ans: Whether the City's redevelopment
plan served a "public purpose"
What is Case Precedent? Ans: 1. Reliance on common law
and prior court decisions to resolve a dispute
© 2025 All rights reserved
, 3 | Page
2. Other parties can use and rely on a court's
interpretation of similar facts or similar issues
3. Can be used as a guideline for contracts and
transactions after a judicial decision
Real estate is best defined as... Ans: land and all
permanent attachments
Should the is US Supreme Court hear challenges to
changes in laws impacting climate change and the
environment, which of the following outcomes is likely
with a more conservative court: Ans: Environmental
regulations could be loosened or rescinded, resulting in
lower carbon emissions standards, more national
parkland becoming available for development, fewer
wetlands subject to use restrictions.
Susan Hewitt is a licensed broker in the State of NJ. She is
confused as to her role in dealing with both buyers and
sellers in the same transaction. What sources of law
would help her clarify her role with both buyers and
sellers? Select all that apply. Ans: - State laws on broker
relationships
-State brokerage licensing regulation
-The listing contract for the property
-Case law dealing with this issue
© 2025 All rights reserved
