REAL ESTATE FUNDAMENTALS REAL EXAM 190
QUESTIONS AND CORRECT ANSWERS 2024-2025.
Assignment - ANSWERGrants possession and responsibility
Assume - ANSWERRelieves seller, buyer assumes liability
Avulsion - ANSWERTearing away of land
Balloon Loan - ANSWERPartial amortization loan
Bilateral Contract - ANSWERPromise for a promise agreement
Blockbusting - ANSWERInducing panic selling due to discriminatory reasons
Boot - ANSWERFair market value of property received in exchange
Broker gets paid if property sold regardless of procurance cause - ANSWERBroker
compensation upon property sale
1031 Tax Deferred Exchange - ANSWERTax deferral with property exchange rules
A Grant Deed - ANSWERTransfer of real property with required signatures
A Quiet Title Action - ANSWERLawsuit to establish clear title
A Quitclaim Deed - ANSWERRelease of interest with no warranties
Abandonment - ANSWERLeaving property with no intent to return
Abstract of Title - ANSWERSummary of title information
Accretion - ANSWERAddition of land
Acre - ANSWERArea measurement - 43,560 square feet
Actual Authority - ANSWERExpress agent authority from principal
Actual Fraud - ANSWERFraud with intent to deceive and harm
Actual Notice - ANSWERPersonally given notice
Ad Valorem - ANSWERTaxation based on property value
, Agency - ANSWERACOLD - Accountability, Care, Obedience, Loyalty, Disclosure
Alienation of Title - ANSWERProperty's capacity to be sold or transferred
ALTA Policy of Title Insurance - ANSWERProtects against title defects for owners and
lenders
Americans with Disabilities Act - ANSWER1990 act prohibiting discrimination against
disabled individuals
Amortization - ANSWERDebt repayment over time
Appraisal - ANSWERProperty value estimation
Appreciation - ANSWERValue increase over time
QUESTIONS AND CORRECT ANSWERS 2024-2025.
Assignment - ANSWERGrants possession and responsibility
Assume - ANSWERRelieves seller, buyer assumes liability
Avulsion - ANSWERTearing away of land
Balloon Loan - ANSWERPartial amortization loan
Bilateral Contract - ANSWERPromise for a promise agreement
Blockbusting - ANSWERInducing panic selling due to discriminatory reasons
Boot - ANSWERFair market value of property received in exchange
Broker gets paid if property sold regardless of procurance cause - ANSWERBroker
compensation upon property sale
1031 Tax Deferred Exchange - ANSWERTax deferral with property exchange rules
A Grant Deed - ANSWERTransfer of real property with required signatures
A Quiet Title Action - ANSWERLawsuit to establish clear title
A Quitclaim Deed - ANSWERRelease of interest with no warranties
Abandonment - ANSWERLeaving property with no intent to return
Abstract of Title - ANSWERSummary of title information
Accretion - ANSWERAddition of land
Acre - ANSWERArea measurement - 43,560 square feet
Actual Authority - ANSWERExpress agent authority from principal
Actual Fraud - ANSWERFraud with intent to deceive and harm
Actual Notice - ANSWERPersonally given notice
Ad Valorem - ANSWERTaxation based on property value
, Agency - ANSWERACOLD - Accountability, Care, Obedience, Loyalty, Disclosure
Alienation of Title - ANSWERProperty's capacity to be sold or transferred
ALTA Policy of Title Insurance - ANSWERProtects against title defects for owners and
lenders
Americans with Disabilities Act - ANSWER1990 act prohibiting discrimination against
disabled individuals
Amortization - ANSWERDebt repayment over time
Appraisal - ANSWERProperty value estimation
Appreciation - ANSWERValue increase over time
