Perry Real Estate College Final Exam
2026/2027
100 Questions & Complete Solutions
Real Estate Licensing
Section 1: Real Property Characteristics and Legal Descriptions (Questions
1-12)
Q1: Which of the following is considered a physical characteristic of land?
A. Scarcity
B. Situs (area preference)
C. Immobility [CORRECT]
D. Transferability
Correct Answer: C
Rationale: Physical characteristics of land include immobility, indestructibility, and
uniqueness. A, B: Scarcity and situs are economic characteristics. D: Transferability is a
legal concept.
Q2: A property is described using the rectangular (government) survey system. The
legal description reads: "The SW¼ of the NE¼ of Section 12, T2N, R3E." How many
acres does this description represent? A. 40 acres [CORRECT]
B. 80 acres
C. 160 acres
D. 640 acres
Correct Answer: A
Rationale: A section contains 640 acres. The NE¼ of a section is 160 acres (640 ÷ 4).
,The SW¼ of that 160 acres is 40 acres (160 ÷ 4). B: 80 acres would be a half-quarter. C:
160 acres is a full quarter. D: 640 acres is a full section.
Q3: Which of the following is an example of situs? A. The physical immobility of land
B. The preference for oceanfront property over desert property [CORRECT]
C. The indestructibility of land
D. The uniqueness of each parcel
Correct Answer: B
Rationale: Situs refers to area preference or location desirability, an economic
characteristic. Oceanfront property is more desirable than desert property due to
location. A, C, D: These are physical characteristics.
Q4: In the metes and bounds system of land description, what is a "monument"? A. A
surveyor's measurement tool
B. A fixed reference point such as a tree, rock, or iron pin [CORRECT]
C. The starting point of the survey
D. A mathematical calculation
Correct Answer: B
Rationale: Monuments are permanent, visible markers used as reference points in
metes and bounds descriptions. They can be natural (trees, rocks) or artificial (iron pins,
concrete markers).
Q5: Which of the following best describes the concept of "nonhomogeneity" or
uniqueness in real estate? A. No two parcels of land are exactly alike [CORRECT]
B. Land cannot be destroyed
C. Land cannot be moved from one location to another
D. Land is in fixed supply
Correct Answer: A
Rationale: Nonhomogeneity (uniqueness) means each parcel has distinct characteristics
regarding location, topography, and legal restrictions. B: Indestructibility. C: Immobility.
D: Scarcity.
,Q6: A township contains how many sections? A. 6
B. 12
C. 36 [CORRECT]
D. 640
Correct Answer: C
Rationale: A township is a 6-mile by 6-mile square containing 36 sections (each 1 mile
by 1 mile). D: 640 is the number of acres in one section.
Q7: Which of the following is NOT a method of legal description? A. Metes and bounds
B. Lot and block
C. Rectangular survey system
D. Street address [CORRECT]
Correct Answer: D
Rationale: Street addresses are not sufficient for legal descriptions because they can
change and lack precision. Approved methods are metes and bounds, lot and block
(recorded plat), and rectangular survey (government survey).
Q8: The "point of beginning" in a metes and bounds description is: A. The geographic
center of the property
B. The location where the description starts and ends [CORRECT]
C. The highest elevation point on the property
D. The corner nearest the road
Correct Answer: B
Rationale: The point of beginning (POB) is where the survey description starts and must
return to close the boundary description. It is typically referenced to a monument or
established corner.
Q9: Which economic characteristic of land refers to the fact that land cannot be
moved to where demand is greatest? A. Scarcity
B. Situs [CORRECT]
C. Modification
D. Fixity
, Correct Answer: B
Rationale: Situs (area preference) recognizes that land's value depends on its fixed
location and the demand for that specific location. Land cannot be relocated to meet
demand elsewhere.
Q10: How many square feet are in one acre? A. 27,878
B. 43,560 [CORRECT]
C. 52,480
D. 63,360
Correct Answer: B
Rationale: One acre equals 43,560 square feet (208.71 feet × 208.71 feet, or
approximately 209 feet squared).
Q11: In the rectangular survey system, a "range" is: A. A horizontal row of townships
B. A vertical column of townships [CORRECT]
C. A 640-acre parcel
D. A 6-mile square area
Correct Answer: B
Rationale: Ranges run north-south (vertically) and are numbered east or west of a
principal meridian. Townships run east-west (horizontally) and are numbered north or
south of a baseline.
Q12: A property is described as "Lot 12, Block 3, Sunny Acres Subdivision, as
recorded in Plat Book 15, Page 42, of the public records of Jefferson County." This is
an example of: A. Metes and bounds description
B. Rectangular survey description
C. Lot and block description [CORRECT]
D. Informal reference
Correct Answer: C
Rationale: This is a lot and block (recorded plat) description, commonly used in
developed urban areas where land has been subdivided and plats recorded in public
records.
2026/2027
100 Questions & Complete Solutions
Real Estate Licensing
Section 1: Real Property Characteristics and Legal Descriptions (Questions
1-12)
Q1: Which of the following is considered a physical characteristic of land?
A. Scarcity
B. Situs (area preference)
C. Immobility [CORRECT]
D. Transferability
Correct Answer: C
Rationale: Physical characteristics of land include immobility, indestructibility, and
uniqueness. A, B: Scarcity and situs are economic characteristics. D: Transferability is a
legal concept.
Q2: A property is described using the rectangular (government) survey system. The
legal description reads: "The SW¼ of the NE¼ of Section 12, T2N, R3E." How many
acres does this description represent? A. 40 acres [CORRECT]
B. 80 acres
C. 160 acres
D. 640 acres
Correct Answer: A
Rationale: A section contains 640 acres. The NE¼ of a section is 160 acres (640 ÷ 4).
,The SW¼ of that 160 acres is 40 acres (160 ÷ 4). B: 80 acres would be a half-quarter. C:
160 acres is a full quarter. D: 640 acres is a full section.
Q3: Which of the following is an example of situs? A. The physical immobility of land
B. The preference for oceanfront property over desert property [CORRECT]
C. The indestructibility of land
D. The uniqueness of each parcel
Correct Answer: B
Rationale: Situs refers to area preference or location desirability, an economic
characteristic. Oceanfront property is more desirable than desert property due to
location. A, C, D: These are physical characteristics.
Q4: In the metes and bounds system of land description, what is a "monument"? A. A
surveyor's measurement tool
B. A fixed reference point such as a tree, rock, or iron pin [CORRECT]
C. The starting point of the survey
D. A mathematical calculation
Correct Answer: B
Rationale: Monuments are permanent, visible markers used as reference points in
metes and bounds descriptions. They can be natural (trees, rocks) or artificial (iron pins,
concrete markers).
Q5: Which of the following best describes the concept of "nonhomogeneity" or
uniqueness in real estate? A. No two parcels of land are exactly alike [CORRECT]
B. Land cannot be destroyed
C. Land cannot be moved from one location to another
D. Land is in fixed supply
Correct Answer: A
Rationale: Nonhomogeneity (uniqueness) means each parcel has distinct characteristics
regarding location, topography, and legal restrictions. B: Indestructibility. C: Immobility.
D: Scarcity.
,Q6: A township contains how many sections? A. 6
B. 12
C. 36 [CORRECT]
D. 640
Correct Answer: C
Rationale: A township is a 6-mile by 6-mile square containing 36 sections (each 1 mile
by 1 mile). D: 640 is the number of acres in one section.
Q7: Which of the following is NOT a method of legal description? A. Metes and bounds
B. Lot and block
C. Rectangular survey system
D. Street address [CORRECT]
Correct Answer: D
Rationale: Street addresses are not sufficient for legal descriptions because they can
change and lack precision. Approved methods are metes and bounds, lot and block
(recorded plat), and rectangular survey (government survey).
Q8: The "point of beginning" in a metes and bounds description is: A. The geographic
center of the property
B. The location where the description starts and ends [CORRECT]
C. The highest elevation point on the property
D. The corner nearest the road
Correct Answer: B
Rationale: The point of beginning (POB) is where the survey description starts and must
return to close the boundary description. It is typically referenced to a monument or
established corner.
Q9: Which economic characteristic of land refers to the fact that land cannot be
moved to where demand is greatest? A. Scarcity
B. Situs [CORRECT]
C. Modification
D. Fixity
, Correct Answer: B
Rationale: Situs (area preference) recognizes that land's value depends on its fixed
location and the demand for that specific location. Land cannot be relocated to meet
demand elsewhere.
Q10: How many square feet are in one acre? A. 27,878
B. 43,560 [CORRECT]
C. 52,480
D. 63,360
Correct Answer: B
Rationale: One acre equals 43,560 square feet (208.71 feet × 208.71 feet, or
approximately 209 feet squared).
Q11: In the rectangular survey system, a "range" is: A. A horizontal row of townships
B. A vertical column of townships [CORRECT]
C. A 640-acre parcel
D. A 6-mile square area
Correct Answer: B
Rationale: Ranges run north-south (vertically) and are numbered east or west of a
principal meridian. Townships run east-west (horizontally) and are numbered north or
south of a baseline.
Q12: A property is described as "Lot 12, Block 3, Sunny Acres Subdivision, as
recorded in Plat Book 15, Page 42, of the public records of Jefferson County." This is
an example of: A. Metes and bounds description
B. Rectangular survey description
C. Lot and block description [CORRECT]
D. Informal reference
Correct Answer: C
Rationale: This is a lot and block (recorded plat) description, commonly used in
developed urban areas where land has been subdivided and plats recorded in public
records.
