CORRECT ANSWERS|LATEST !!!!2026|GRADED
Blockbusting causes:
A Trust busting
B Panic peddling
C Blind advertising
D Redlining - ANSWER B. Panic Peddling
Blockbusting causes panic peddling (also known as panic selling), where homeowners
quickly sell their homes for fear of a drop in home values due to the entry of a protected
class into their neighborhood.
Which of the following advertisements would violate fair housing law?
A Private outdoor space
B No elevator access
C Walk-in closet
D Easy access to the highway - ANSWER C Walk-in closet
"Walk-in closet" is an example of discriminatory advertising directed toward those with a
physical disability. A better choice of words would be "spacious closet" or "large closet."
Which of the following activities would a salesperson be able to perform?
A Take listings
1
,B Deposit client money
C Advertise listings
D All of the above - ANSWER D All of the above
Salespersons are never allowed to handle client money or technically take listings, since the
listings belong to the brokerage. The broker is the one who takes the listing and the
salesperson may work to advertise, sell and negotiate the terms as an extension of the
broker.
Under the Fair Housing Act of 1968 and amendments, it is lawful to discriminate based on:
A Religion
B Children
C National origin
D Sexual orientation - ANSWER D Sexual orientation
While sexual orientation is protected under many state's fair housing laws, it is not a
protected class under the Fair Housing Act of 1968 and amendments
All of the following are included in the four unities of joint tenancy, except:
A Unity of time
B Unity of measure
C Unity of interest
D Unity of possession - ANSWER B Unity of measure
The four unities of joint tenancy are time, interest, possession, and title.
2
,A bill of sale is used to convey what?
A Real property
B Personal property
C Property by will
D None of the above - ANSWER B Personal property
Bills of sale (or receipts) transfer ownership of personal propert
Real property can become personal property by which process?
A Fiduciary
B Annexation
C Severance
D Hypothecation - ANSWER C Severance
The act of severance makes real property become personal property; an example is digging
up a tree.
A lease creates an interest(s) known as a:
A Freehold interest
B Non-freehold interest
C Non-freehold and rental only interest
D Non-freehold, transference, and possession interest - ANSWER B Non-freehold
interest
3
, A freehold is an ownership interest, and a non-freehold is a possessory interest (for example,
a rental).
Tom Brady gives Jimmy Garoppolo the right to his home so long as Jimmy is alive. However,
once Jimmy passes away, the property will revert back to Tom. Jimmy throws wild parties
and destroys the house. Tom brings a lawsuit against Jimmy in order to get him to leave.
Under what cause of action would Tom bring his lawsuit?
A Quiet title
B Failure to pay rent
C Waste
D Partition - ANSWER C Waste
Waste is a cause of action that future interest holders can bring against a life estate tenant
when that tenant causes damage to the property.
An ownership interest that is more of an ownership of time is a:
A Timeshare
B Interest for years
C Estate for years
D Non-freehold - ANSWER A Timeshare
A timeshare is a form of ownership where the owner only owns the property for a specific
period of time during the year in fee simple, along with a shared interest in the common
areas.
The key to a storage locker located in the basement of a condominium building is:
A Realty
4
Blockbusting causes:
A Trust busting
B Panic peddling
C Blind advertising
D Redlining - ANSWER B. Panic Peddling
Blockbusting causes panic peddling (also known as panic selling), where homeowners
quickly sell their homes for fear of a drop in home values due to the entry of a protected
class into their neighborhood.
Which of the following advertisements would violate fair housing law?
A Private outdoor space
B No elevator access
C Walk-in closet
D Easy access to the highway - ANSWER C Walk-in closet
"Walk-in closet" is an example of discriminatory advertising directed toward those with a
physical disability. A better choice of words would be "spacious closet" or "large closet."
Which of the following activities would a salesperson be able to perform?
A Take listings
1
,B Deposit client money
C Advertise listings
D All of the above - ANSWER D All of the above
Salespersons are never allowed to handle client money or technically take listings, since the
listings belong to the brokerage. The broker is the one who takes the listing and the
salesperson may work to advertise, sell and negotiate the terms as an extension of the
broker.
Under the Fair Housing Act of 1968 and amendments, it is lawful to discriminate based on:
A Religion
B Children
C National origin
D Sexual orientation - ANSWER D Sexual orientation
While sexual orientation is protected under many state's fair housing laws, it is not a
protected class under the Fair Housing Act of 1968 and amendments
All of the following are included in the four unities of joint tenancy, except:
A Unity of time
B Unity of measure
C Unity of interest
D Unity of possession - ANSWER B Unity of measure
The four unities of joint tenancy are time, interest, possession, and title.
2
,A bill of sale is used to convey what?
A Real property
B Personal property
C Property by will
D None of the above - ANSWER B Personal property
Bills of sale (or receipts) transfer ownership of personal propert
Real property can become personal property by which process?
A Fiduciary
B Annexation
C Severance
D Hypothecation - ANSWER C Severance
The act of severance makes real property become personal property; an example is digging
up a tree.
A lease creates an interest(s) known as a:
A Freehold interest
B Non-freehold interest
C Non-freehold and rental only interest
D Non-freehold, transference, and possession interest - ANSWER B Non-freehold
interest
3
, A freehold is an ownership interest, and a non-freehold is a possessory interest (for example,
a rental).
Tom Brady gives Jimmy Garoppolo the right to his home so long as Jimmy is alive. However,
once Jimmy passes away, the property will revert back to Tom. Jimmy throws wild parties
and destroys the house. Tom brings a lawsuit against Jimmy in order to get him to leave.
Under what cause of action would Tom bring his lawsuit?
A Quiet title
B Failure to pay rent
C Waste
D Partition - ANSWER C Waste
Waste is a cause of action that future interest holders can bring against a life estate tenant
when that tenant causes damage to the property.
An ownership interest that is more of an ownership of time is a:
A Timeshare
B Interest for years
C Estate for years
D Non-freehold - ANSWER A Timeshare
A timeshare is a form of ownership where the owner only owns the property for a specific
period of time during the year in fee simple, along with a shared interest in the common
areas.
The key to a storage locker located in the basement of a condominium building is:
A Realty
4
