National Real Estate Exam Practice Questions and Answers, 100% Correct| Latest 2024

National Real Estate Exam Practice Questions and Answers, 100% Correct| Latest 2024 A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of... improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? riparian A tenant is aware that his lease will expire at the end of the month. He has begun to disassemble his display cabinets and shelves. Which of the following statements about this is true the tenant can take these as they are trade fixtures A seller is attending the closing on his property. The title company has discovered an unsatisfied M&M lien on the property. Which of the following is the most likely reason for the lien? plumbing work that was completed but never paid for A listing agent went to inspect a seller's property hoping to list it for sale. The seller told the listing agent that his neighbor's satellite dish trespasses on his property. This is an example of... encroachment A father gives his son a life estate on a property. The son leases the property. The tenant dies. What happens to the property? it goes back to the son until he dies A man leaves his second wife a life estate in their home after which the property goes to his children from his first marriage. The children... are remaindermen Which of the following statements about an easement is true? an easement is a benefit to the dominant property owner P, Q and R are joint tenants. P wants to sell the property, but Q and R do not. What can P do? file a suit for partition A, B and C are joint tenants. C dies. B sells his share to D. What type of ownership do A and D have? tenants in common Under what right can the government change property use from commercial to residential only? police power Ownership of the common areas of condominiums is most likely to be: tenancy in common What should a buyer do to ensure that his is getting the best title to real property? get a general warranty deed Which covenant in a deed guarantees that the owners will not suffer or be disturbed by any claims on the property? the covenant of quiet enjoyment Excess money at a foreclosure sale goes to... the borrower After defaulting on a real estate loan, a borrower is able to pay off the loan prior to the foreclosure sale. This is called: right of redemption The required distance between buildings and a federally protected endangered species wetlands is an example of... a buffer zone A couple purchased a condominium. The complex has an exercise room for all residents. The couple does not use the exercise room and does not want to pay the monthly fee for the use of the facility. What can they do to avoid this fee?