Ct Real Estate Practice Exam General
Questions And All Correct Answers 2025.
Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than
the lot in the middle of the street. Which of the following characteristics MOST likely explains
the price difference? - Answer Situs
How does a creditor who has obtained a judgment get satisfaction against a debtor who will not
pay? - Answer Writ of execution
What type of map is MOST useful for describing the terrain of a very hilly lot? - Answer
Contour map
A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant
paid 1 month's rent and got a receipt. What kind of leasehold does the tenant have? - Answer
Tenancy at will
A major difference between freehold and nonfreehold estates is that all freehold estates -
Answer are of indeterminable duration
Real property can be converted to personal property by - Answer Severance
A lawsuit for inverse condemnation may be brought by - Answer a homeowner
A deed restriction is applicable to the activities of - Answer present and future owners.
If conditions for purchase are included in a deed and these conditions are violated, what is the
penalty? - Answer Return of the property to the original owner.
The terms "littoral," "riparian," and "appropriative" refer to - Answer water rights.
Which of the following BEST illustrates the concept and intent of a buffer zone? - Answer
Garden apartments located between a single-family residential neighborhood and a shopping
center.
, An environmental impact statement typically describes the effects of a proposed project on
factors such as - Answer public health and safety
All of the following are methods to calculate the reproduction or replacement cost of a building
EXCEPT the - Answer straight-line method
Which of the following approaches MOST reliably estimates the sales price of a single-family
residence? - Answer Market data
A formal appraisal will ALWAYS be REQUIRED when the - Answer lender wants to sell the
mortgage to the secondary market.
According to the principle of progression, a three-bedroom, one-story home is MOST likely to
bring the highest sales price if located in a neighborhood in which - Answer most homes are
larger than the sale home.
An appraiser MUST be licensed or certified to handle Federally related work on residential
property valued at more than - Answer $250,000
A competitive market analysis is MOST often used for - Answer setting a listing price
Which rule-of-thumb version is being offered to an investor who is told that a house renting for
$900 a month should sell for about $90,000? - Answer GRM
When a property owner uses his home as collateral for a loan and creates a lien in favor of the
lender, title is held by the - Answer mortgagor
When the sellers are lending part of the purchase price, they may secure the debt either with a
deed of trust or a mortgage. For the seller, one benefit of the deed of trust is that - Answer
foreclosure is usually simpler and faster
Regulation Z requires that the borrower be fully informed of all of the following EXCEPT -
Answer the total interest
Questions And All Correct Answers 2025.
Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than
the lot in the middle of the street. Which of the following characteristics MOST likely explains
the price difference? - Answer Situs
How does a creditor who has obtained a judgment get satisfaction against a debtor who will not
pay? - Answer Writ of execution
What type of map is MOST useful for describing the terrain of a very hilly lot? - Answer
Contour map
A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant
paid 1 month's rent and got a receipt. What kind of leasehold does the tenant have? - Answer
Tenancy at will
A major difference between freehold and nonfreehold estates is that all freehold estates -
Answer are of indeterminable duration
Real property can be converted to personal property by - Answer Severance
A lawsuit for inverse condemnation may be brought by - Answer a homeowner
A deed restriction is applicable to the activities of - Answer present and future owners.
If conditions for purchase are included in a deed and these conditions are violated, what is the
penalty? - Answer Return of the property to the original owner.
The terms "littoral," "riparian," and "appropriative" refer to - Answer water rights.
Which of the following BEST illustrates the concept and intent of a buffer zone? - Answer
Garden apartments located between a single-family residential neighborhood and a shopping
center.
, An environmental impact statement typically describes the effects of a proposed project on
factors such as - Answer public health and safety
All of the following are methods to calculate the reproduction or replacement cost of a building
EXCEPT the - Answer straight-line method
Which of the following approaches MOST reliably estimates the sales price of a single-family
residence? - Answer Market data
A formal appraisal will ALWAYS be REQUIRED when the - Answer lender wants to sell the
mortgage to the secondary market.
According to the principle of progression, a three-bedroom, one-story home is MOST likely to
bring the highest sales price if located in a neighborhood in which - Answer most homes are
larger than the sale home.
An appraiser MUST be licensed or certified to handle Federally related work on residential
property valued at more than - Answer $250,000
A competitive market analysis is MOST often used for - Answer setting a listing price
Which rule-of-thumb version is being offered to an investor who is told that a house renting for
$900 a month should sell for about $90,000? - Answer GRM
When a property owner uses his home as collateral for a loan and creates a lien in favor of the
lender, title is held by the - Answer mortgagor
When the sellers are lending part of the purchase price, they may secure the debt either with a
deed of trust or a mortgage. For the seller, one benefit of the deed of trust is that - Answer
foreclosure is usually simpler and faster
Regulation Z requires that the borrower be fully informed of all of the following EXCEPT -
Answer the total interest
