Real Estate Salesperson License Exam |158 Questions with correct answers

The fact that an individual must go to the land describes what physical characteristics of land? CORRECT ANSWER Immobility John and Mary are co-owners of a property. John has a 60% interest in the property and Mary has 40%. What type of freehold estate do they have? CORRECT ANSWER Tenancy in Common A Property is surveyed to determine a legal description. The surveyor works from a point of beginning, and measures terminal points and angles. What method of land description is he using? CORRECT ANSWER Metes and Bounds John leased space in a building and installed bookcases and ceiling fans in that space. His lease will end soon. What will happen to the bookcases and fan? CORRECT ANSWER Because they have been installed, the bookcases and fans are fixtures and have become part of the property. He must leave them behind. What is an example of involuntary, statutory, specific lien? CORRECT ANSWER Ad Valorem Tax Lien Buyer's agent has helped her buyers find a property. The sellers have installed a fountain in the courtyard and the buyers have stressed to their agent that they want the fountain to be included in the purchase. What should the buyers' agent do to ensure that her clients get the fountain? CORRECT ANSWER The agent can include wording in the buyers' offer that indicates the fountain is included in the sale. All of the following are fixtures except? 1. Shrubs 2. Pool 3. Tree