Real Estate exam questions with answers
Corn stored in a grain bin is considered real property. False Kitchen cabinets, a furnace, or bathroom appliances are considered real property after they have been installed as improvements to the home, even though at one time they were personal property. True A dishwasher installed in the cabinets does not need to be excluded from the listing if the owner is planning on taking the washer with them. It can be excluded on the sales agreement. False It is not necessary for a licensee to be under the control of a real estate broker. False A water well pump would be considered personal property and could be taken with the seller. False The sudden replacement of land by a landslide is called avulsion. True Riparian water rights are the right enjoyed by landowners located next to lakes. False Appointees to the Iowa Real Estate Commission must be approved by the Iowa Senate. True Littoral rights are rights enjoyed by landowners located next to rivers and streams. False Real property is divided into two categories, physical and economic. True Landowners can sell air rights or subsurface rights and retain the surface rights. True A term that has been given to expanding exposure is "farming". Some good examples of "farming" are as follows: o Door knocking in your local neighborhood.
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- January 28, 2024
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- 2023/2024
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- Exam (elaborations)
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- Questions & answers
