Real Estate U Test Exam Complete
Questions with Correct Answers
Updated 2025/2026 Already
Graded!!!100% Guaranteed Pass!!
1. Everything that is not real property is considered - ANSWER ✓ Personal
property
2. Which of the following interests in real property offer the most complete
form of ownership? - ANSWER ✓ Fee simple absolute estates
3. A couple owns a property as a tenancy by the entirety. When one of the
spouses passes away, the other spouse gains full ownership of the property.
When the remaining spouse passes away, the children inherit the property.
This is known as what type of interest in real property? - ANSWER ✓ Life
estate
4. This type of agency is created when a principal does not stop an individual
from representing his or her interests? - ANSWER ✓ Agency by estoppel
5. A couple owns a property as a tenancy by the entirety. When one of the
spouses passes away, the other spouse gains full ownership of the property.
When the remaining spouse passes away, the children inherit the property.
This is known as what type of interest in real property - ANSWER ✓ Life
estate
6. This form of co-ownership does NOT include the 'right of survivorship' -
ANSWER ✓ Tenancy in common
7. What type of financing is used to purchase a new property when the old
property hasn't been sold yet? - ANSWER ✓ Swing loan
8. Who is the borrower of a mortgage loan - ANSWER ✓ Mortgagor
, 9. What does the Real Estate Settlement Procedures Act (RESPA) require -
ANSWER ✓ Good faith estimate of the closing costs for federally funded
loans
10.In addition
11.In addition to the disclosure of interest rates, what else does Regulation Z
(TILA) require - ANSWER ✓ Total monthly mortgage payment amount
12.Which of the following regulates construction standards in NYS - ANSWER
✓ Building Codes
13.What carcinogenic component was used as insulation in electric
transformers that contaminated soil and groundwater - ANSWER ✓ PCBs
(Polychlorinated bihpenyls)
14.The municipal engineer's office is responsible for doing what - ANSWER ✓
Oversees planning and construction of major highways, sewer systems, and
water connections
15.What covers fully for personal property lost in a fire - ANSWER ✓
Replacement cost
16.Property taxes are based on what - ANSWER ✓ Assessed value
17.This document provides detailed information on a condo or coop
development - ANSWER ✓ Offering Plan
18.What occurs when the agent represents the seller but also works in the best
interests of the buyer - ANSWER ✓ Undisclosed Dual Agency
19.A real estate agent serves as what type of agent - ANSWER ✓ Special Agent
20.Which of the following is NOT exempt from obtaining a license - ANSWER
✓ A licensed attorney acting as a sponsor to a real estate salesperson
21.A real estate salespersons license must be renewed every .........years -
ANSWER ✓ 2
Questions with Correct Answers
Updated 2025/2026 Already
Graded!!!100% Guaranteed Pass!!
1. Everything that is not real property is considered - ANSWER ✓ Personal
property
2. Which of the following interests in real property offer the most complete
form of ownership? - ANSWER ✓ Fee simple absolute estates
3. A couple owns a property as a tenancy by the entirety. When one of the
spouses passes away, the other spouse gains full ownership of the property.
When the remaining spouse passes away, the children inherit the property.
This is known as what type of interest in real property? - ANSWER ✓ Life
estate
4. This type of agency is created when a principal does not stop an individual
from representing his or her interests? - ANSWER ✓ Agency by estoppel
5. A couple owns a property as a tenancy by the entirety. When one of the
spouses passes away, the other spouse gains full ownership of the property.
When the remaining spouse passes away, the children inherit the property.
This is known as what type of interest in real property - ANSWER ✓ Life
estate
6. This form of co-ownership does NOT include the 'right of survivorship' -
ANSWER ✓ Tenancy in common
7. What type of financing is used to purchase a new property when the old
property hasn't been sold yet? - ANSWER ✓ Swing loan
8. Who is the borrower of a mortgage loan - ANSWER ✓ Mortgagor
, 9. What does the Real Estate Settlement Procedures Act (RESPA) require -
ANSWER ✓ Good faith estimate of the closing costs for federally funded
loans
10.In addition
11.In addition to the disclosure of interest rates, what else does Regulation Z
(TILA) require - ANSWER ✓ Total monthly mortgage payment amount
12.Which of the following regulates construction standards in NYS - ANSWER
✓ Building Codes
13.What carcinogenic component was used as insulation in electric
transformers that contaminated soil and groundwater - ANSWER ✓ PCBs
(Polychlorinated bihpenyls)
14.The municipal engineer's office is responsible for doing what - ANSWER ✓
Oversees planning and construction of major highways, sewer systems, and
water connections
15.What covers fully for personal property lost in a fire - ANSWER ✓
Replacement cost
16.Property taxes are based on what - ANSWER ✓ Assessed value
17.This document provides detailed information on a condo or coop
development - ANSWER ✓ Offering Plan
18.What occurs when the agent represents the seller but also works in the best
interests of the buyer - ANSWER ✓ Undisclosed Dual Agency
19.A real estate agent serves as what type of agent - ANSWER ✓ Special Agent
20.Which of the following is NOT exempt from obtaining a license - ANSWER
✓ A licensed attorney acting as a sponsor to a real estate salesperson
21.A real estate salespersons license must be renewed every .........years -
ANSWER ✓ 2
