Exam Real Estate Version A Questions and Answers 100% Pass

Exam Real Estate Version A Questions and Answers 100% Pass Which of the following are required of deeds to be enforceable: D. Grantors Signature Personal property could be: D. Emblements Real property is: B. Transferred by a deed What is it called when the government gives a parcel of real property back to a private citizen: B. Vacation A chain of title: D. Lists all the grantors and grantees since the beginning A grantor is: A. Person transferring real property Consideration is: A. Money or valuables Emblements are: C. Regarded as personal Property A fixture is: B. Once personal property, now attached, now becomes real property Dower and curtsey are: D. Freehold estates- life- legal A legal way to own real property would be: D. Servient tenement in an easement A piece of Nevada real property sold for $125,500 and the rate of commission was 6 percent. If the salesperson received $2,484.90, what percentage of the 6 percent commission was he paid? C. 33% If a person dies intestate and has no heirs, the real property reverts to the state. This is called: A. Escheat In taking title by tenant in the entirety all parties must be: A. Married A trust: D. Is between the trustee and beneficiary A syndication is: D. 1 and 3 What is a non-negotiable security instrument on real property called: A. Mortgage/trust deed Which of the following is issued by a trustee that states the loan is paid in full and gives all rights and privileges back to the former trustor: C. Deed of reconveyance Alienation is a clause in a real estate security agreement that allows for: C. Balance of debt becomes immediately due and payable if the interest in the real property is sold without notifying the note holder Which of the following best describes a vendor: D. Has legal title Which of the following is an objective that a property manager should meet: D. All of the Above An appurtenance: A. Attaches to the land