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Donaldson Final Exam Real Estate principal
Questions and Correct Answers/ Latest Update /
Already Graded
Which of the following is an economical characteristic of land?
Ans: Situs
A man gave his best friend the right to go hunting on his farm. This would be an
example of a (an):
Ans: Easement in gross
You and your spouse own your house in a form of ownership in which neither of you
can sell the house individually your form of ownership is most likely:
Ans: Tenancy by entirety
When discussing the concept of total square footage with your client , what is the
best way to describe how the total square footage is measurement ?
Ans: Total are under Roof (TAUR)
An Eastman by necessity is generally utilized to
Ans: Grant access to a Landlocked land owner
Joint Tennessee is a form of:
Ans: Coownership
A joint tenant may transfer his or her interest under which of the following
circumstances?
Ans: At any time, without permission or approval, but the purchaser will not be a
joint tenant
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A natural object , such as a boulder stream or tree, maybe use as a marker in what
form of legal description
Ans: Metes and bounds
What is the method of land description that identify as parcel by its shape
boundaries?
Ans: Metes and bounds
Does Zone of property with a gas station is substantially changed to allow
residential use only which of the following is true regarding the future use of a gas
station
Ans: The gas Station may continue in is current use
The process of taking property while providing just compensation, is called
Ans: condemnation
An Easement by necessity is generally utilized to
Ans: Grant access to land lock land owner
Which of the following grants zoning authority to municipal government?
Ans: State enabling act
Zoning laws, building codes in environmental law or example of government use of
Ans: Police power
An appraisal uses. the cost approach, in appraiser a home the appraisal should not
use which of the following type of information
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Ans: Depreciation on the lane
For consideration during the appraisal process, which of the following is most likely
be used as part of the valuation or estimation process
Ans: Effective age
An agent is trying to establish value for a residential rental home, using sold, rental
comparables, in the neighborhood which of the following is the most likely methods
use for the income approach to value
Ans: Gross rent multiply method
Which of the following types of depreciation is general in curable
Ans:
The amount of commission charged a client is established
Ans: In negotiation between broker and seller.
A deposit in a typical Real Estate transaction
Ans: Must be maintained by the broker
In the brokers designated escrow
Account.
When the association of an associate broker or salesperson is terminated with their
firm for any reason, the broker must return the license to the LREC:
Ans: With in 5 days
If a broker is involved in obtaining deposits in property management, the broker
must
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Ans: open an account titled "Security Deposit Trust Account".
Sale people cannot accept a commission or valuable consideration for the
performance of any act under the license law from any person except their
Ans: Sponsoring broker
According to the license law must be .
Ans: In writing
If a broker cannot resolve a dispute over a sales deposit
Ans: he must give the money to the local court and notify commission .
Every license must sign a sworn statement on their application attesting that they
shall not induce any person to sell or rent and dwelling by representation regarding
the entry of any person to the area due to that persons race color religion or
national origin this prohibited is know as
Ans: Block busting
A law suite base on lesion by and moiety must be filled within
Ans: One year
If two or more person own the same piece of property each as an undivided share ,
this is refined to ad a
Ans: Undivided interest
A vendor who wishes to keep a life interest and convey the remainder to a relative
may best do this by which of the following methods?
Ans:
Donaldson Final Exam Real Estate principal
Questions and Correct Answers/ Latest Update /
Already Graded
Which of the following is an economical characteristic of land?
Ans: Situs
A man gave his best friend the right to go hunting on his farm. This would be an
example of a (an):
Ans: Easement in gross
You and your spouse own your house in a form of ownership in which neither of you
can sell the house individually your form of ownership is most likely:
Ans: Tenancy by entirety
When discussing the concept of total square footage with your client , what is the
best way to describe how the total square footage is measurement ?
Ans: Total are under Roof (TAUR)
An Eastman by necessity is generally utilized to
Ans: Grant access to a Landlocked land owner
Joint Tennessee is a form of:
Ans: Coownership
A joint tenant may transfer his or her interest under which of the following
circumstances?
Ans: At any time, without permission or approval, but the purchaser will not be a
joint tenant
, 2 | Page
A natural object , such as a boulder stream or tree, maybe use as a marker in what
form of legal description
Ans: Metes and bounds
What is the method of land description that identify as parcel by its shape
boundaries?
Ans: Metes and bounds
Does Zone of property with a gas station is substantially changed to allow
residential use only which of the following is true regarding the future use of a gas
station
Ans: The gas Station may continue in is current use
The process of taking property while providing just compensation, is called
Ans: condemnation
An Easement by necessity is generally utilized to
Ans: Grant access to land lock land owner
Which of the following grants zoning authority to municipal government?
Ans: State enabling act
Zoning laws, building codes in environmental law or example of government use of
Ans: Police power
An appraisal uses. the cost approach, in appraiser a home the appraisal should not
use which of the following type of information
, 3 | Page
Ans: Depreciation on the lane
For consideration during the appraisal process, which of the following is most likely
be used as part of the valuation or estimation process
Ans: Effective age
An agent is trying to establish value for a residential rental home, using sold, rental
comparables, in the neighborhood which of the following is the most likely methods
use for the income approach to value
Ans: Gross rent multiply method
Which of the following types of depreciation is general in curable
Ans:
The amount of commission charged a client is established
Ans: In negotiation between broker and seller.
A deposit in a typical Real Estate transaction
Ans: Must be maintained by the broker
In the brokers designated escrow
Account.
When the association of an associate broker or salesperson is terminated with their
firm for any reason, the broker must return the license to the LREC:
Ans: With in 5 days
If a broker is involved in obtaining deposits in property management, the broker
must
, 4 | Page
Ans: open an account titled "Security Deposit Trust Account".
Sale people cannot accept a commission or valuable consideration for the
performance of any act under the license law from any person except their
Ans: Sponsoring broker
According to the license law must be .
Ans: In writing
If a broker cannot resolve a dispute over a sales deposit
Ans: he must give the money to the local court and notify commission .
Every license must sign a sworn statement on their application attesting that they
shall not induce any person to sell or rent and dwelling by representation regarding
the entry of any person to the area due to that persons race color religion or
national origin this prohibited is know as
Ans: Block busting
A law suite base on lesion by and moiety must be filled within
Ans: One year
If two or more person own the same piece of property each as an undivided share ,
this is refined to ad a
Ans: Undivided interest
A vendor who wishes to keep a life interest and convey the remainder to a relative
may best do this by which of the following methods?
Ans:
