CE Shop National Exam Questions and
Answers 100% Solved | Graded A+
Title XI of the Financial Institutions Reform, Recovery, and Enforcement
Act of 1989 states that its purpose, in part, is to require that real estate
appraisals used in connection with federally related transactions be
performed ______.
By licensed real estate professionals
By members of the Appraisal Foundation
In the most expeditious and inexpensive way possible
In writing, and in accordance with uniform standards - ✔✔In writing, and in
accordance with uniform standards
Kurt bought a vacant lot in a development that was 85% completed. When
he started working with the builder to lay out where the house and driveway
would lie, it was determined that he would need an easement because his
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©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
,driveway would spill over onto the adjacent lot by a few feet. What type of
easement is this?
Easement appurtenant
Easement by necessity
Easement by prescription
Easement in gross - ✔✔Easement appurtenant
Brittany has a small office in a professional building. She has a set monthly
lease payment that has been calculated to include maintenance of the
common areas in the building, such as the restroom and small kitchen, and
all nets, utilities, and janitorial charges for her space. The payment also
includes taxes and insurance. The landlord takes these payments and pays
the individual expenses himself. What type of lease does Brittany have?
Graduated lease
Gross lease
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©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
,Net lease
Percentage lease - ✔✔Gross lease
(In a gross lease, all expenses related to the property, such as taxes,
insurance, and maintenance, are part of the lease payment.)
Which of these is a violation of the RRP Rule?
A homeowner performs DIY work in a home built prior to 1978.
A seller of a home built in 1952 doesn't make the appropriate lead
disclosures.
Contractors from a home improvement store install windows or doors.
Contractors perform renovations that disturb lead-based paint without
holding proper certification. - ✔✔Contractors perform renovations that
disturb lead-based paint without holding proper certification.
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©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
, (The federal Lead Renovation, Repair, and Painting (RRP) Rule requires
firms that do renovation or repair work in homes built prior to 1978 to be
properly certified in using lead-safe work practices, but it doesn't prohibit
DIY work.)
Marketo Building Designs is selling the air rights above its office building.
The lot is 450 feet by 350 feet. How would you determine the air lot height
in order to calculate the area?
The area of an air lot can't be calculated because the height is unlimited.
The city or other governing authority establishes the air lot's height.
The height of all air lots is 500 feet above the existing structure.
The height of the air lot is equal to the height of the structure under it. -
✔✔The city or other governing authority establishes the air lot's height.
Nathan was painting the siding on his home when he was interrupted by a
neighbor who informed him that he had to have the paint color approved
before using it. Nathan lives in a neighborhood with ________.
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©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
Answers 100% Solved | Graded A+
Title XI of the Financial Institutions Reform, Recovery, and Enforcement
Act of 1989 states that its purpose, in part, is to require that real estate
appraisals used in connection with federally related transactions be
performed ______.
By licensed real estate professionals
By members of the Appraisal Foundation
In the most expeditious and inexpensive way possible
In writing, and in accordance with uniform standards - ✔✔In writing, and in
accordance with uniform standards
Kurt bought a vacant lot in a development that was 85% completed. When
he started working with the builder to lay out where the house and driveway
would lie, it was determined that he would need an easement because his
1
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
,driveway would spill over onto the adjacent lot by a few feet. What type of
easement is this?
Easement appurtenant
Easement by necessity
Easement by prescription
Easement in gross - ✔✔Easement appurtenant
Brittany has a small office in a professional building. She has a set monthly
lease payment that has been calculated to include maintenance of the
common areas in the building, such as the restroom and small kitchen, and
all nets, utilities, and janitorial charges for her space. The payment also
includes taxes and insurance. The landlord takes these payments and pays
the individual expenses himself. What type of lease does Brittany have?
Graduated lease
Gross lease
2
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
,Net lease
Percentage lease - ✔✔Gross lease
(In a gross lease, all expenses related to the property, such as taxes,
insurance, and maintenance, are part of the lease payment.)
Which of these is a violation of the RRP Rule?
A homeowner performs DIY work in a home built prior to 1978.
A seller of a home built in 1952 doesn't make the appropriate lead
disclosures.
Contractors from a home improvement store install windows or doors.
Contractors perform renovations that disturb lead-based paint without
holding proper certification. - ✔✔Contractors perform renovations that
disturb lead-based paint without holding proper certification.
3
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
, (The federal Lead Renovation, Repair, and Painting (RRP) Rule requires
firms that do renovation or repair work in homes built prior to 1978 to be
properly certified in using lead-safe work practices, but it doesn't prohibit
DIY work.)
Marketo Building Designs is selling the air rights above its office building.
The lot is 450 feet by 350 feet. How would you determine the air lot height
in order to calculate the area?
The area of an air lot can't be calculated because the height is unlimited.
The city or other governing authority establishes the air lot's height.
The height of all air lots is 500 feet above the existing structure.
The height of the air lot is equal to the height of the structure under it. -
✔✔The city or other governing authority establishes the air lot's height.
Nathan was painting the siding on his home when he was interrupted by a
neighbor who informed him that he had to have the paint color approved
before using it. Nathan lives in a neighborhood with ________.
4
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
