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WRA Pre Exam Review 2024/2025 Exam Questions and Corresponding Answers with Surety of 100% Pass Mark

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WRA Pre Exam Review 2024/2025 Exam Questions and Corresponding Answers with Surety of 100% Pass Mark What rights to property come with ownership? -

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  • March 16, 2025
  • 34
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • Real Estate
  • Real Estate

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WRA Pre Exam Review 2024/2025 Exam
Questions and Corresponding Answers
with Surety of 100% Pass Mark



What rights to property come with ownership? - 🧠 ANSWER ✔✔Control;

Disposition; Quiet enjoyment; Encumber; Exclude; Possession.

What form of ownership allows title to a deceased spouse's property to

pass to the surviving spouse without probate? - 🧠 ANSWER

✔✔Survivorship marital property. A special form of joint tenancy with right

of survivorship. Just for married people.


What are some examples of encumbrances? - 🧠 ANSWER ✔✔Easement;

Liens; Encroachments; Property taxes and Special assessments.


What type of interest is a leasehold estate? - 🧠 ANSWER ✔✔Personal

property interest.

In what form of ownership does a condominium unit owner hold the

condominium unit? - 🧠 ANSWER ✔✔Severalty




COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED

,In what form of ownership does a condominium unit owner hold the

common elements? - 🧠 ANSWER ✔✔Tenancy-in-common


Under what form of ownership does an individual purchase stock in a

corporation and receive a lease for a unit from the corporation? - 🧠

ANSWER ✔✔Cooperative


What kind of estate do you have if you own your home, even if it is subject

to a mortgage? - 🧠 ANSWER ✔✔It is a fee simple absolute, which is a kind

of freehold estate.

Which type of property is automatically included in the purchase of real

estate? - 🧠 ANSWER ✔✔Real property (land, structures, fixture) Trees,

buildings, etc. Personal property is only included if the parties include it in

the accepted offer to purchase.

What is achieved by recording a deed to property? - 🧠 ANSWER

✔✔Constructive notice of ownership.


How does title insurance serve as evidence of title? - 🧠 ANSWER ✔✔It is

an insurance policy to protect the policy holder from defects in title.




COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED

,What protection does an abstract of title provide to a property owner? - 🧠

ANSWER ✔✔An abstract of title does not provide coverage for gaps in title

or clouds on title.


What is a gap endorsement (gap insurance)? - 🧠 ANSWER ✔✔It protects

the property owner from clouds or claims on the title that might appear

between the date of the title commitment and the date the deed showing

the new owner is recorded (the gap). The title commitment is also called

the preliminary report.

What type of lien attaches to both real and personal property? - 🧠

ANSWER ✔✔General lien. A specific lien attaches only to the property

securing the debt. A chattel mortgage is an example of a specific lien -

"chattel mortgage " is an old-fashioned term for a mortgage on personal

property such as a car loan secured by the car.

Which deed offers the most comprehensive guarantee of title? - 🧠

ANSWER ✔✔Warranty deed.


Which deed offers the least guarantee of title? - 🧠 ANSWER ✔✔Quit claim

deed.




COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED

, Land Use Controls and Regulations - 5 items. - 🧠 ANSWER ✔✔Private

land use controls: Restrictions, Deed Conditions, Covenants. Public

Controls of Permitted Use, Conditional Use, Non-conformingUse, Variance,

Setbacks (Zoning). PUDS (Planned Unit Development).

How does one determine the permitted uses for a particular area? - 🧠

ANSWER ✔✔Zoning ordinances, many municipalities post their zoning

ordinances online, contact the local zoning authority for more information

on zoning ordinances.

What type of zoning allows land to be used in a way that was already in

existence when a zoning ordinance was enacted but does not comply with

current zoning regulations? - 🧠 ANSWER ✔✔Non-conforming use.


A vacant parcel of land that was zoned residential has been re-zoned to

conservancy of natural resources. What type of zoning has occurred? - 🧠

ANSWER ✔✔Downzoning.


An owner of a property would like to transfer title. Will the existing deed

conditions stay in place or are they terminated upon transfer of title? - 🧠

ANSWER ✔✔The existing deed conditions "run with the land ". They will

survive the transfer.



COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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STATEMENT. ALL RIGHTS RESERVED

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