National Real Estate Exam Practice
Questions with Correct Answers
A property owner has decided to do some landscaping work on his yard. He has planted a tree
surrounded by some flowering shrubs. The tree and shrubs are an example of... - ANSWER✔✔-
improvements
A property owner has a waterfront lot on a stream. He has the right to use the water from the
stream. What is this right called? - ANSWER✔✔-riparian
A tenant is aware that his lease will expire at the end of the month. He has begun to disassemble his
display cabinets and shelves. Which of the following statements about this is true - ANSWER✔✔-
the tenant can take these as they are trade fixtures
A seller is attending the closing on his property. The title company has discovered an unsatisfied
M&M lien on the property. Which of the following is the most likely reason for the lien? -
ANSWER✔✔-plumbing work that was completed but never paid for
A listing agent went to inspect a seller's property hoping to list it for sale. The seller told the listing
agent that his neighbor's satellite dish trespasses on his property. This is an example of... -
ANSWER✔✔-encroachment
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,A father gives his son a life estate on a property. The son leases the property. The tenant dies. What
happens to the property? - ANSWER✔✔-it goes back to the son until he dies
A man leaves his second wife a life estate in their home after which the property goes to his children
from his first marriage. The children... - ANSWER✔✔-are remaindermen
Which of the following statements about an easement is true? - ANSWER✔✔-an easement is a
benefit to the dominant property owner
P, Q and R are joint tenants. P wants to sell the property, but Q and R do not. What can P do? -
ANSWER✔✔-file a suit for partition
A, B and C are joint tenants. C dies. B sells his share to D. What type of ownership do A and D
have? - ANSWER✔✔-tenants in common
Under what right can the government change property use from commercial to residential only? -
ANSWER✔✔-police power
Ownership of the common areas of condominiums is most likely to be: - ANSWER✔✔-tenancy in
common
What should a buyer do to ensure that his is getting the best title to real property? - ANSWER✔✔-
get a general warranty deed
Which covenant in a deed guarantees that the owners will not suffer or be disturbed by any claims
on the property? - ANSWER✔✔-the covenant of quiet enjoyment
Excess money at a foreclosure sale goes to... - ANSWER✔✔-the borrower
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, After defaulting on a real estate loan, a borrower is able to pay off the loan prior to the foreclosure
sale. This is called: - ANSWER✔✔-right of redemption
The required distance between buildings and a federally protected endangered species wetlands is an
example of... - ANSWER✔✔-a buffer zone
A couple purchased a condominium. The complex has an exercise room for all residents. The
couple does not use the exercise room and does not want to pay the monthly fee for the use of the
facility. What can they do to avoid this fee? - ANSWER✔✔-they must pay the fee as they have a
tenancy in common interest in all common areas
Which of the following is personal property? - ANSWER✔✔-a lease
A landlord leased space in his new retail property to an inexperienced business person. Based on
location and the type of business, the landlord believes it will be a great success. What type of lease
can he enter into with the tenant that will allow the landlord to benefit from the tenant's success? -
ANSWER✔✔-a percentage lease
A buyer has purchased a property and after closing the seller will continue to occupy the property.
This is an example of... - ANSWER✔✔-sale and leaseback
Your client will be able to qualify for a property they wish to purchase in about 6 months, after they
had an opportunity to reduce their consumer debt. They have found a property that they would like
to purchase now. What type of agreement can they enter into with a seller that will allow them to
occupy the property now and purchase it within the 6 months? - ANSWER✔✔-lease with an option
to buy
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Questions with Correct Answers
A property owner has decided to do some landscaping work on his yard. He has planted a tree
surrounded by some flowering shrubs. The tree and shrubs are an example of... - ANSWER✔✔-
improvements
A property owner has a waterfront lot on a stream. He has the right to use the water from the
stream. What is this right called? - ANSWER✔✔-riparian
A tenant is aware that his lease will expire at the end of the month. He has begun to disassemble his
display cabinets and shelves. Which of the following statements about this is true - ANSWER✔✔-
the tenant can take these as they are trade fixtures
A seller is attending the closing on his property. The title company has discovered an unsatisfied
M&M lien on the property. Which of the following is the most likely reason for the lien? -
ANSWER✔✔-plumbing work that was completed but never paid for
A listing agent went to inspect a seller's property hoping to list it for sale. The seller told the listing
agent that his neighbor's satellite dish trespasses on his property. This is an example of... -
ANSWER✔✔-encroachment
FOR STUDY PURPOSES ONLY COPYRIGHT © 2025 ALL RIGHTS RESERVED 1
,A father gives his son a life estate on a property. The son leases the property. The tenant dies. What
happens to the property? - ANSWER✔✔-it goes back to the son until he dies
A man leaves his second wife a life estate in their home after which the property goes to his children
from his first marriage. The children... - ANSWER✔✔-are remaindermen
Which of the following statements about an easement is true? - ANSWER✔✔-an easement is a
benefit to the dominant property owner
P, Q and R are joint tenants. P wants to sell the property, but Q and R do not. What can P do? -
ANSWER✔✔-file a suit for partition
A, B and C are joint tenants. C dies. B sells his share to D. What type of ownership do A and D
have? - ANSWER✔✔-tenants in common
Under what right can the government change property use from commercial to residential only? -
ANSWER✔✔-police power
Ownership of the common areas of condominiums is most likely to be: - ANSWER✔✔-tenancy in
common
What should a buyer do to ensure that his is getting the best title to real property? - ANSWER✔✔-
get a general warranty deed
Which covenant in a deed guarantees that the owners will not suffer or be disturbed by any claims
on the property? - ANSWER✔✔-the covenant of quiet enjoyment
Excess money at a foreclosure sale goes to... - ANSWER✔✔-the borrower
FOR STUDY PURPOSES ONLY COPYRIGHT © 2025 ALL RIGHTS RESERVED 2
, After defaulting on a real estate loan, a borrower is able to pay off the loan prior to the foreclosure
sale. This is called: - ANSWER✔✔-right of redemption
The required distance between buildings and a federally protected endangered species wetlands is an
example of... - ANSWER✔✔-a buffer zone
A couple purchased a condominium. The complex has an exercise room for all residents. The
couple does not use the exercise room and does not want to pay the monthly fee for the use of the
facility. What can they do to avoid this fee? - ANSWER✔✔-they must pay the fee as they have a
tenancy in common interest in all common areas
Which of the following is personal property? - ANSWER✔✔-a lease
A landlord leased space in his new retail property to an inexperienced business person. Based on
location and the type of business, the landlord believes it will be a great success. What type of lease
can he enter into with the tenant that will allow the landlord to benefit from the tenant's success? -
ANSWER✔✔-a percentage lease
A buyer has purchased a property and after closing the seller will continue to occupy the property.
This is an example of... - ANSWER✔✔-sale and leaseback
Your client will be able to qualify for a property they wish to purchase in about 6 months, after they
had an opportunity to reduce their consumer debt. They have found a property that they would like
to purchase now. What type of agreement can they enter into with a seller that will allow them to
occupy the property now and purchase it within the 6 months? - ANSWER✔✔-lease with an option
to buy
FOR STUDY PURPOSES ONLY COPYRIGHT © 2025 ALL RIGHTS RESERVED 3
