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REAL ESTATE U FINAL EXAM|| ACTUAL EXAM ALL d d d d d d d d
QUESTIONS AND CORRECT ANSWERS 100%|| LATE d d d d d
ST AND FULLY COVERED VERSION 2024-
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2025 WITH VERIFIED SOLUTIONS|| ASSURED PASS!!
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!
If an agent signs an Exclusive Right to Sell agreement with a client and does NOT sel
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l the property within the term listed in the agreement, who is given authority to renew
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the agreement between seller and agent...? - ANSWER: The Seller
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What alternative action can be taken if consent to dual agency is not granted or subse
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quently withdrawn...? - ANSWER: Assign designated sales agents
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hen a buyer's broker agrees to the cooperative arrangement of the MLS, he/she beco
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mes a sub-agent to whom...? - ANSWER: seller
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hen two brokers agree to the MLS' cooperative arrangement, what type of agency is c
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reated...? - ANSWER: expressed d d d
In a single agency transaction, what are the seller's broker's duties to the buyer...? -
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dANSWER: To be fair and honest d d d d d
chris, a real estate broker representing a buyer, insists that his client use his home insp
d d d d d d d d d d d d d d d
ector during the due diligence phase, otherwise, he will only show the client a limited
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number of properties. What has Chris introduced to his client...? - ANSWER: tie-in-
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agreemetn
Marcus, a real estate broker representing a buyer, is insisting that his client use his rea
d d d d d d d d d d d d d d d
l estate attorney, otherwise, he will only show a limited number of properties to the cl
d d d d d d d d d d d d d d d
ient. What has Marcus introduced to his client...? - ANSWER: tie-in-agreement
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,2d |d P a g e
the amount of commission paid to an agent for a residential rental transaction is typic
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ally based on a percentage of this amount...? - ANSWER: total annual rent
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32. Michael, a real estate broker, is hesitant to enter into a dual agency arrangement a
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s he may compromise this fiduciary duty... - ANSWER: loyalty
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40. Jason, a buyer's broker, found a property for his client on the MLS. By agreeing to
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the cooperative arrangement of the MLS, who in addition to his client does Jason hav
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e an agency relationship with.. - ANSWER: the seller
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Which of the following is NOT considered an anti-trust violation...? -
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ANSWER: divided loyalty
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As an agent, how many brokers are you typically allowed to work for at any given tim
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e...? - ANSWER: one d d d
Which of the following is NOT an example of a fixture...? - ANSWER: Dishwasher
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When a property is partitioned between owners, their interests in the property are calc
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ulated by...? - d d
ANSWER: The amount of money that each owner contributed to the property
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. Local zoning ordinances often regulate the development of these types of land rights
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...? - ANSWER: air
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8. This type of ownership is common among real estate investors...? -
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ANSWER: Limited Liability Company
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,3d |d P a g e
Which of the following is NOT among the Bundle of Rights...? -
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ANSWER: Which of the following is NOT among the Bundle of Rights...?
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Which of the following is NOT an economic characteristic of real property.. -
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ANSWER: Architectural Design
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Why might a bank NOT lend money to an irrevocable trust.. -
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ANSWER: The full title and rights can be transferred to the trustee
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5. Mark owns a property in Midtown Manhattan. The property has 10,600 unused bui
d d d d d d d d d d d d d
ldable square feet, which can either be developed by Mark or sold to an adjacent lot.
d d d d d d d d d d d d d d d d
The unused buildable square footage is an example of what...? - ANSWER: air
d d d d d d d d d d d d
A lien was placed against Mark's property for unpaid credit cards. What type of lien
d d d d d d d d d d d d d d d
was placed against Mark's property...? - ANSWER: general lien
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which of the following will describe any easements on a property...? -
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ANSWER: title report
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a notice of pendency is an example of what type of lien...? - ANSWER: specific
d d d d d d d d d d d d d d
. An estate & inheritance tax lien is an example of what type of lien...? -
d d d d d d d d d d d d d d d
dANSWER: general d
What is a common easement found in townhouses and row houses...? -
d d d d d d d d d d d
ANSWER: party wall
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Which of the following is an example of an easement...? - ANSWER: party wall
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, 4d |d P a g e
. Which of the following will NOT describe any easements on a property...? -
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dANSWER: department of building website d d d d
At what time does a lien take into effect.. -
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ANSWER: When the lien is entered into the court record
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Michael's property has an easement over his neighboring property to use its driveway
d d d d d d d d d d d d
. Michael's property is known as what...? - ANSWER: dominant tenant
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right to cross or otherwise use someone else's property for a specified purpose is kno
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wn as what...? - ANSWER: easement
d d d d d
8. Kevin has not paid his car loan in over six months. As a result, a lien was placed ag
d d d d d d d d d d d d d d d d d d d
ainst his assets. What type of lien was placed against Kevin's assets...? -
d d d d d d d d d d d d
ANSWER: general
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20. A parcel of real property that has an easement over another piece of property is kn
d d d d d d d d d d d d d d d d
own as what... - ANSWER: dominant
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The creation of an easement by one party expressly transferring the easement to anot
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her party is known as what...? - ANSWER: Easement by Grant
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The right to pass over another's land pursuant to an easement or license is known as w
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hat...? - ANSWER: right of way d d d d d
24. A mortgage is an example of what type of lien...? - ANSWER: specific
d d d d d d d d d d d d d
REAL ESTATE U FINAL EXAM|| ACTUAL EXAM ALL d d d d d d d d
QUESTIONS AND CORRECT ANSWERS 100%|| LATE d d d d d
ST AND FULLY COVERED VERSION 2024-
d d d d d
2025 WITH VERIFIED SOLUTIONS|| ASSURED PASS!!
d d d d d
!
If an agent signs an Exclusive Right to Sell agreement with a client and does NOT sel
d d d d d d d d d d d d d d d d
l the property within the term listed in the agreement, who is given authority to renew
d d d d d d d d d d d d d d d d
the agreement between seller and agent...? - ANSWER: The Seller
d d d d d d d d d
What alternative action can be taken if consent to dual agency is not granted or subse
d d d d d d d d d d d d d d d
quently withdrawn...? - ANSWER: Assign designated sales agents
d d d d d d d
hen a buyer's broker agrees to the cooperative arrangement of the MLS, he/she beco
d d d d d d d d d d d d d
mes a sub-agent to whom...? - ANSWER: seller
d d d d d d d
hen two brokers agree to the MLS' cooperative arrangement, what type of agency is c
d d d d d d d d d d d d d d
reated...? - ANSWER: expressed d d d
In a single agency transaction, what are the seller's broker's duties to the buyer...? -
d d d d d d d d d d d d d d
dANSWER: To be fair and honest d d d d d
chris, a real estate broker representing a buyer, insists that his client use his home insp
d d d d d d d d d d d d d d d
ector during the due diligence phase, otherwise, he will only show the client a limited
d d d d d d d d d d d d d d d
number of properties. What has Chris introduced to his client...? - ANSWER: tie-in-
d d d d d d d d d d d d
agreemetn
Marcus, a real estate broker representing a buyer, is insisting that his client use his rea
d d d d d d d d d d d d d d d
l estate attorney, otherwise, he will only show a limited number of properties to the cl
d d d d d d d d d d d d d d d
ient. What has Marcus introduced to his client...? - ANSWER: tie-in-agreement
d d d d d d d d d d
,2d |d P a g e
the amount of commission paid to an agent for a residential rental transaction is typic
d d d d d d d d d d d d d d
ally based on a percentage of this amount...? - ANSWER: total annual rent
d d d d d d d d d d d d
32. Michael, a real estate broker, is hesitant to enter into a dual agency arrangement a
d d d d d d d d d d d d d d d
s he may compromise this fiduciary duty... - ANSWER: loyalty
d d d d d d d d d
40. Jason, a buyer's broker, found a property for his client on the MLS. By agreeing to
d d d d d d d d d d d d d d d d
the cooperative arrangement of the MLS, who in addition to his client does Jason hav
d d d d d d d d d d d d d d d
e an agency relationship with.. - ANSWER: the seller
d d d d d d d d
Which of the following is NOT considered an anti-trust violation...? -
d d d d d d d d d d
ANSWER: divided loyalty
d d d
As an agent, how many brokers are you typically allowed to work for at any given tim
d d d d d d d d d d d d d d d d
e...? - ANSWER: one d d d
Which of the following is NOT an example of a fixture...? - ANSWER: Dishwasher
d d d d d d d d d d d d d
When a property is partitioned between owners, their interests in the property are calc
d d d d d d d d d d d d d
ulated by...? - d d
ANSWER: The amount of money that each owner contributed to the property
d d d d d d d d d d d d
. Local zoning ordinances often regulate the development of these types of land rights
d d d d d d d d d d d d d
...? - ANSWER: air
d d d
8. This type of ownership is common among real estate investors...? -
d d d d d d d d d d d
ANSWER: Limited Liability Company
d d d d
,3d |d P a g e
Which of the following is NOT among the Bundle of Rights...? -
d d d d d d d d d d d
ANSWER: Which of the following is NOT among the Bundle of Rights...?
d d d d d d d d d d d d
Which of the following is NOT an economic characteristic of real property.. -
d d d d d d d d d d d d
ANSWER: Architectural Design
d d d
Why might a bank NOT lend money to an irrevocable trust.. -
d d d d d d d d d d d
ANSWER: The full title and rights can be transferred to the trustee
d d d d d d d d d d d d
5. Mark owns a property in Midtown Manhattan. The property has 10,600 unused bui
d d d d d d d d d d d d d
ldable square feet, which can either be developed by Mark or sold to an adjacent lot.
d d d d d d d d d d d d d d d d
The unused buildable square footage is an example of what...? - ANSWER: air
d d d d d d d d d d d d
A lien was placed against Mark's property for unpaid credit cards. What type of lien
d d d d d d d d d d d d d d d
was placed against Mark's property...? - ANSWER: general lien
d d d d d d d d
which of the following will describe any easements on a property...? -
d d d d d d d d d d d
ANSWER: title report
d d d
a notice of pendency is an example of what type of lien...? - ANSWER: specific
d d d d d d d d d d d d d d
. An estate & inheritance tax lien is an example of what type of lien...? -
d d d d d d d d d d d d d d d
dANSWER: general d
What is a common easement found in townhouses and row houses...? -
d d d d d d d d d d d
ANSWER: party wall
d d d
Which of the following is an example of an easement...? - ANSWER: party wall
d d d d d d d d d d d d d
, 4d |d P a g e
. Which of the following will NOT describe any easements on a property...? -
d d d d d d d d d d d d d
dANSWER: department of building website d d d d
At what time does a lien take into effect.. -
d d d d d d d d d
ANSWER: When the lien is entered into the court record
d d d d d d d d d d
Michael's property has an easement over his neighboring property to use its driveway
d d d d d d d d d d d d
. Michael's property is known as what...? - ANSWER: dominant tenant
d d d d d d d d d d
right to cross or otherwise use someone else's property for a specified purpose is kno
d d d d d d d d d d d d d d
wn as what...? - ANSWER: easement
d d d d d
8. Kevin has not paid his car loan in over six months. As a result, a lien was placed ag
d d d d d d d d d d d d d d d d d d d
ainst his assets. What type of lien was placed against Kevin's assets...? -
d d d d d d d d d d d d
ANSWER: general
d d
20. A parcel of real property that has an easement over another piece of property is kn
d d d d d d d d d d d d d d d d
own as what... - ANSWER: dominant
d d d d d
The creation of an easement by one party expressly transferring the easement to anot
d d d d d d d d d d d d d
her party is known as what...? - ANSWER: Easement by Grant
d d d d d d d d d d
The right to pass over another's land pursuant to an easement or license is known as w
d d d d d d d d d d d d d d d d
hat...? - ANSWER: right of way d d d d d
24. A mortgage is an example of what type of lien...? - ANSWER: specific
d d d d d d d d d d d d d
