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REAL ESTATE PRINCIPLES 1 LEVEL 1 (ALL OF THE KEY TERMS OF LEVEL 1) LATEST UPDATED VERSION 2025 COMPLETE ACTUAL QUESTIONS AND CORRECT ANSWERS)

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REAL ESTATE PRINCIPLES 1 LEVEL 1 (ALL OF THE KEY TERMS OF LEVEL 1) LATEST UPDATED VERSION 2025 COMPLETE ACTUAL QUESTIONS AND CORRECT ANSWERS)

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1g|gPgagggeg|g©gcopyrightg 2024/2025g|gGradegA+




Real Estate Principles Questions & 100
g g g g g



% Correct Answers
g g

1. Zoninggisgundergthegcontrolgof:




a. privategparties.

b. governmentgagencies.

c. thegBureaugofgRealgEstate.

d. nonegofgthegabove.

✓ :~~ b.ggovernmentgagencies.




2. Easementsgappurtenantgaregforgthegbenefitgof:




a. homesteadedglandowners.

b. adjoiningg(neighboring)glandowners.

c. theggeneralgpublic.

d. governmentgusegonly.

✓ :~~ b.gadjoiningg(neighboring)glandowners.




3. Agcontractgthatgisgbindinggandgenforceablegingagcourtgofglawgisgsaidgtogbe:




Master01g|g September,g2024/2025 |gLatestgupdate

, 2g|gPgagggeg|g©gcopyrightg 2024/2025g|gGradegA+


a. proprietary.

b. illusory.

c. valid.

d. allgofgthegabove.


✓ :~~ c.gvalid.




4. Whogmakesgangoffergongagpropertygthatgisgforgsale?




a. Seller'sgagent

b. Offereeg(Seller)

c. Offerorg(Buyer)

d. Allgoftghegabove

✓ :~~ c.gOfferorg(Buyer)




5. Escrowsgbasegmonthlygprorationsgonghowgmanygdays?




a. 28

b. 29

c. 30

d. 31




Master01g|g September,g2024/2025 |gLatestgupdate

, 3g|gPgagggeg|g©gcopyrightg 2024/2025g|gGradegA+


✓ :~~ c.g30




6. Thegprocessgofgproportionallygdividinggrents,gpropertygtaxes,gandgfireginsurance

isgcalled:
g




a. subdividing.

b. titlegsplitting.

c. proration.

d. escrowgdebiting

✓ :~~ c.gproration.




7. Thegareagofgagrectangularglotgthatgisg50gfeetgwidegbyg100gfeetgdeepgis:

a. 2,500gsq.gft.

b. 500gsq.gft.

c. 5,000gsq.gft.

d. 50,000gsq.gft

✓ :~~ c.g5,000gsq.gft.




8. IfgthegInternalgRevenuegServicegisgusinggagminimumgofg39gyearsgforgstraight-

linegdepreciationgongcommercialgproperties,gwhatgwouldgbegthegannualgdepreciatio

ngon

, Master01g|g September,g2024/2025 |gLatestgupdate

Connected book
 image
Charles F. Floyd, Marcus T. Allen Real Estate Principles
Publisher: 2002 ISBN: 9780793141838 Edition: Unknown

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