BARNEY FLETCHER REAL ESTATE EXAM QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|VERIFIED

BARNEY FLETCHER REAL ESTATE EXAM
QUESTIONS AND 100% CORRECT
ANSWERS|LATEST 2025/2026|VERIFIED

Assemblage - B



ANSWER
B combining two or more contiguous parcels of real estate into a single parcel u
B B B B B B B B B B B B B



nder one ownership
B B




plottage - ANSWER B B an increase in value resulting from assemblage
B B B B B B




fixture - B



ANSWER
B personal property that is permanently attached to real property and goes wit
B B B B B B B B B B B



h the property when its sold
B B B B B




what makes something a fixture -
B B B B B



B ANSWER if object was fixed or installed with the intention of improving the home
B B B B B B B B B B B B




appurtenances - ANSWER B B when new fixtures are attached ex. heat/air, roof
B B B B B B B




have brokers license but are working for another broker - ANSWER
B B B B B B B B B B associate broker B




principal/employing broker - B B



ANSWER
B in charge of and responsible for all real estate operations conducted by a real
B B B B B B B B B B B B B B



estate brokerage firm
B B




which type of land description are the properties described as they relate to meridians -
B B B B B B B B B B B B B B



B ANSWER government / rectangular survey B B B




alienation of title - ANSWER
B any change of ownership -
B B B B B B B



transferring ownership rights or interests in real property from one person to another
B B B B B B B B B B B B B




1
Wicky

,legal title - ANSWER
B B B right of ownership of a parcel of real property held by an owner
B B B B B B B B B B B B




equitable title - B B



ANSWER
B interest in a piece of real estate held by a buyer held under a contract to obtai
B B B B B B B B B B B B B B B B



n absolute ownership of the property at a future date
B B B B B B B B B




bare legal title -
B B B



B ANSWER lacks the usual rights and privileges associated with ownership
B B B B B B B B




constructive notice - ANSWER B B B information has been made available to the public B B B B B B B




inquiry notice - ANSWER
B B B when factors exist that make someone inquire further
B B B B B B B




ex. dirt road running across you would inquire whether there is an easement in place
B B B B B B B B B B B B B B




marketable title - ANSWER B B B a title free from reasonable doubt as to who the owner is
B B B B B B B B B B B




abstract of title - ANSWER
B B B B detailed report of the title search
B B B B B




torrens system - ANSWER
B B B an owner petitions the state court to register his property
B B B B B B B B B




transfer of land B B




allodial system - ANSWER
B B B individuals are able to own land B B B B B




eminent domain - ANSWER B B B right of govs to assume property for necessary public use
B B B B B B B B B




escheat - B



B ANSWER power the gov has when someone dies intestate and leaves no known heirs
B B B B B B B B B B B B




2
Wicky

, PETE - powers of gov over title -
B B B B B B B



B ANSWER police power, eminent domain, taxation, escheat
B B B B B




encroachment - B



BANSWER unauthorized infringement on a property owners rights as a result of physical
B B B B B B B B B B B B



intrusion



freehold estate - ANSWER
B B B highest and most complete form of ownership
B B B B B B




seisin - ANSWER
B B possession of freehold estateB B B




qualified fee estate - B B B



B ANSWER a fee simple estate that has certain limitations / qualifications
B B B B B B B B B




- owner holds fee simple title
B B B B B




defeasible - ANSWER B B capable of being voided/defeated
B B B




life estate -
B B



B ANSWER fee simple estate that is conveyed to a person for the duration of their life
B B B B B B B B B B B B B B




remainder estate - B B



ANSWER
B future interest in real estate created at same time and by same instrument as
B B B B B B B B B B B B B B



other state B




statutory estate - ANSWER B B B any state created by the law/ gov
B B B B B B




Non-freehold estates - ANSWER B B B for years, year to year, at will, sufferance
B B B B B B B




for years - ANSWER
B B B definite beginning and definite end
B B B B




3
Wicky