1|Page | © copyright 2024/2025 | Grade A+
Barney Fletcher Exam Questions 3
Questions and Answers (100% Pass)
A 40 unit apartment building rented units for $300 per month. The annual gross
rent multiplier was 10. What was the value?
A. $120,000
B. $144,000
C. $1,200,000
D. $1,440,000
✓ D. $1,440,000
✓
✓ 40 x $300 per month x 12 months = annual rent of $144,000 x an annual
multiplier of 10 = $1,440,000
A seller listed property for sale. There were a limited number of houses
available in the area. There were also a great number of buyers interested in
purchasing homes in that area. What would MOST LIKELY happen to the value
of the property?
A. it would increase in value
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
B. it would decrease in value
C. the value would stay the same but the property would sell faster
D. there is not enough information given to determine a value change
✓ A. it would increase in value
Two neighbors both used a driveway located on the boundary line between
their two properties. Upon the death of one of the neighbors, would the heirs
of the deceased have the right to use the driveway?
A. no, this right is not transferable
B. no, this is an easement in gross and would not be transferable
C. yes, this is an appurtenant easement and is inheritable
D. yes, but they would have to pay the other neighbor a reasonable sum for
the loss
✓ C. yes, this is an appurtenant easement and is inheritable
The paying of kickbacks by lenders is prohibited by:
A. regulation Z
B. real estate settlement procedures act (RESPA)
Master01 | October, 2024/2025 | Latest update
Barney Fletcher Exam Questions 3
Questions and Answers (100% Pass)
A 40 unit apartment building rented units for $300 per month. The annual gross
rent multiplier was 10. What was the value?
A. $120,000
B. $144,000
C. $1,200,000
D. $1,440,000
✓ D. $1,440,000
✓
✓ 40 x $300 per month x 12 months = annual rent of $144,000 x an annual
multiplier of 10 = $1,440,000
A seller listed property for sale. There were a limited number of houses
available in the area. There were also a great number of buyers interested in
purchasing homes in that area. What would MOST LIKELY happen to the value
of the property?
A. it would increase in value
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
B. it would decrease in value
C. the value would stay the same but the property would sell faster
D. there is not enough information given to determine a value change
✓ A. it would increase in value
Two neighbors both used a driveway located on the boundary line between
their two properties. Upon the death of one of the neighbors, would the heirs
of the deceased have the right to use the driveway?
A. no, this right is not transferable
B. no, this is an easement in gross and would not be transferable
C. yes, this is an appurtenant easement and is inheritable
D. yes, but they would have to pay the other neighbor a reasonable sum for
the loss
✓ C. yes, this is an appurtenant easement and is inheritable
The paying of kickbacks by lenders is prohibited by:
A. regulation Z
B. real estate settlement procedures act (RESPA)
Master01 | October, 2024/2025 | Latest update
