National Real Estate Exam Practice (Set One) || With Questions & Answers (100% Correct)

National Real Estate Exam Practice (Set One) || With Questions & Answers (100% Correct) National Real Estate Exam Practice (Set One) || With Questions & Answers (100% Correct) Which of the following is a lien on real estate? a. recorded easement b. recorded mortgage c. encroachment d. dead restriction - ANSWER - b. recorded mortgage Which approach to value would MOST likely be useful to real estate brokers estimating the value of a single-family residence for sale in a subdivision? a. cost approach b. income approach c. market comparison approach d. gross rent multiplier - ANSWER - c. market comparison approach A license is an example of? a. easement b. encumbrance c. condemnation d. police power - ANSWER - b. encumbrance If the holder of an easement owns adjacent land and his physical use of the land is benefited by the easement, he is said to have: a. easement in gross b. prescriptive easement c. easement appurtenant d. license - ANSWER - c. easement appurtenant A sales contract was signed by a minor. Which term describes this contract? a. voidable b. breached c. discharged d. void - ANSWER - a. voidable A real estate broker hired by an owner to sell a parcel of real property must comply with? a. any and all instructions of the owner b. any and all instructions of the buyer c. concept of caveat emptor d. law of agency - ANSWER - d. law of agency