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Real Estate 2026/2027 ACTUAL EXAM QUESTIONS WITH CORRECT ANSWERS 100% VERIFIED GRADED A+

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Real Estate 2026/2027 ACTUAL EXAM QUESTIONS WITH CORRECT ANSWERS 100% VERIFIED GRADED A+

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Real Estate 2026/2027 ACTUAL EXAM
QUESTIONS WITH CORRECT
ANSWERS 100% VERIFIED GRADED
A+
1. Whichmtwomdocumentsmaremnecessarymtomestablishmamlegallymbindingmmortgagemloan?m-
mCORRECTmANSWERmPromissorymnotemandmdeedmofmtrust




2. Thempromissorymnotemoutlinesmthemborrower'smpromisemtomrepaymthemloan,mwhilemthemde
edmofmtrustmsecuresmthempropertymasmcollateralmformthemloan



3. Ifmambuyermdefaultsmonmamsalesmcontractmaftermprovidingm$10,000masmearnestmmoneymforma
m$200,000mproperty,mwhatmcanmthemsellermdomwithmthem$10,000?m-


mCORRECTmANSWERmKeepmthementiremamountmasmcompensation.m




4. Earnestmmoneymservesmasmamformmofmsecuritymdepositmandmismtypicallymforfeitedmbymthemb
uyerminmthemeventmofmdefaultmasmamwaymtomcompensatemthemsellermformanymlossesmormdam
ages



5. Surfacemrights,mairmrightsmandmsubsurfacemrightsmaremallmrightsmthatmcanmbemsoldmbymampro
pertymownermwhilemstillmretainingmthempropertymitself.mThesemrightsmaremknownmas:m-
mCORRECTmANSWERmSeverablemrights




6. Surfacemrights,mairmrights,mandmsubsurfacemrightsmcanmbemsoldmseparatelymandmaremcalledms
everablemrights.



7. Whenmanmeasementmallowsmthemusemofmamneighboringmpropertymwhichmautomaticallymtra
nsfersmuponmthemsalemofmeithermdominantmormservientmproperty,mitmismcalledmwhatmtypemof
measement?m-mCORRECTmANSWERmEasementmAppurtenant

, 8. Appurtenantmmeansm"runsmwithmthemland".mAnmeasementmAppurtenantmismanmeasementm
allowingmthemusemofmamneighboringmpropertymwhichmautomaticallymtransfersmuponmthemsal
emofmeithermdominantmormservientmproperty.



9. Inmrealmestate,mwhatmismthemclosestmmeaningmtomthemtermm"quietingmamtitle?"m-
mCORRECTmANSWERmClearingmanymliensmormencumbrancesmonmamproperty.m




10. Refersmtomlegalmprocessmofmresolvingmanymclaims,mdeflects,mormdisputesmthatmcouldmcloudm
ormchallengemownershipmrightsmofmamproperty,mensuringmamclearmandmmarketablemtitle.



11. Whatmismthemhighestmformmofmlandmownershipmwhichmincludesmthemfullmandmcompletembun
dlemofmpropertymrights?m-mCORRECTmANSWERmFeemSimplemAbsolute



12. Itmismthemhighestmlevelmofmpropertymownershipmgivingmthemowner(s)mthemrightmofmpossessi
on,mcontrol,mexclusion,menjoyment,m&mdisposition.



13. Ifmyourmbrokermsellsmamtriangularmparcelmofmlandmform$750manmacre,mandmyourmcommission
mratemism8%,mwhatmwillmbemyourmcommissionmifmthemlandmhasmambasemlengthmofm1,200mfeetm


andmamheightmofm700mfeet?m-mCORRECTmANSWERm$578.71



14. Themtriangularmparcel'smareamism(1/2)mxm1,200mftmxm700mftm=m420,000msquaremfeet.mTheremis
m43,560mSqftminmanmacrem420,000/43,560=9.65macresmxm750=m$7,231.40mxm8%m=m$578.51




15. Tommismconstructingmamnewmhousemvaluedmatm$100,000.mGivenmthatmthemaveragemproperty
mvaluemofmhismsurroundingmneighborsmism$225,000,mwhichmprinciplemsuggestsmthatmTommwi


llmexperiencemampositivemeffectmonmhismpropertymvalue?m-
mCORRECTmANSWERmPrinciplemofmprogression

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