PRINCIPLES OF REAL ESTATE II
FINAL EXAM QUESTIONS &
ANSWERS RATED 100% CORRECT
1. The ______________ is the most active in the regulation of real estate licensees. - correct
answer ✔✔d) state government
2. Which of the following is necessary for a deed of conveyance to be valid? - correct answer
✔✔b) The deed must be in writing
3. The primary distinction between the legal concepts of real estate and real property is that -
correct answer ✔✔a) real property includes ownership of a bundle of rights.
4. An applicant for a salesperson license must - correct answer ✔✔c) have a finger printing and
background check prior to receiving a license.
5. TRELA makes provisions for - correct answer ✔✔c) a prerequisite of a minimum of 15
classroom hours counted toward license renewal every two years.
6. A(n) ______________ is a freehold estate that is limited to the duration of the life of the
owner. - correct answer ✔✔b) life estate
7. What distinguishes a lien from other types of encumbrance? - correct answer ✔✔a) It
involves a monetary claim against the value of a property.
8. What type of conventional life estate ends with the death of the life estate owner? - correct
answer ✔✔b) Ordinary life estate
, 9. When speaking of real estate market dynamics, the amount of available properties that
becomes occupied over a period of time is called - correct answer ✔✔b) absorption.
10. What is the primary danger of allowing an encroachment? - correct answer ✔✔c) Over
time, the encroachment may become an easement by prescription that damages the property's
market value.
11. What statement is TRUE of payment that is made from the real estate recovery fund on
account of a licensee's acts? - correct answer ✔✔d) The license is suspended immediately, but
will be reissued upon reimbursement of the fund, with interest.
12. A salesperson listed a home and then transferred his license to another broker. Which of the
following is true? - correct answer ✔✔d) The listing will stay with the original broker.
13. A licensee is required to keep the Commission updated with - correct answer ✔✔a) her
current email address.
15. Which education requirement can a person leave out when applying for a salesperson
license? - correct answer ✔✔a) Evidence of a degree in some form of postsecondary education.
14. When an owner leases her property, she temporarily relinquishes the right to - correct
answer ✔✔c) occupy the property.
16. Which of the following is an expense which would be listed on the HUD-1 Uniform
Settlement Statement? - correct answer ✔✔b) Title insurance fees
18. Which of the following happens when a leased property is sold? - correct answer ✔✔a) The
buyer acquires title subject to the lease.
FINAL EXAM QUESTIONS &
ANSWERS RATED 100% CORRECT
1. The ______________ is the most active in the regulation of real estate licensees. - correct
answer ✔✔d) state government
2. Which of the following is necessary for a deed of conveyance to be valid? - correct answer
✔✔b) The deed must be in writing
3. The primary distinction between the legal concepts of real estate and real property is that -
correct answer ✔✔a) real property includes ownership of a bundle of rights.
4. An applicant for a salesperson license must - correct answer ✔✔c) have a finger printing and
background check prior to receiving a license.
5. TRELA makes provisions for - correct answer ✔✔c) a prerequisite of a minimum of 15
classroom hours counted toward license renewal every two years.
6. A(n) ______________ is a freehold estate that is limited to the duration of the life of the
owner. - correct answer ✔✔b) life estate
7. What distinguishes a lien from other types of encumbrance? - correct answer ✔✔a) It
involves a monetary claim against the value of a property.
8. What type of conventional life estate ends with the death of the life estate owner? - correct
answer ✔✔b) Ordinary life estate
, 9. When speaking of real estate market dynamics, the amount of available properties that
becomes occupied over a period of time is called - correct answer ✔✔b) absorption.
10. What is the primary danger of allowing an encroachment? - correct answer ✔✔c) Over
time, the encroachment may become an easement by prescription that damages the property's
market value.
11. What statement is TRUE of payment that is made from the real estate recovery fund on
account of a licensee's acts? - correct answer ✔✔d) The license is suspended immediately, but
will be reissued upon reimbursement of the fund, with interest.
12. A salesperson listed a home and then transferred his license to another broker. Which of the
following is true? - correct answer ✔✔d) The listing will stay with the original broker.
13. A licensee is required to keep the Commission updated with - correct answer ✔✔a) her
current email address.
15. Which education requirement can a person leave out when applying for a salesperson
license? - correct answer ✔✔a) Evidence of a degree in some form of postsecondary education.
14. When an owner leases her property, she temporarily relinquishes the right to - correct
answer ✔✔c) occupy the property.
16. Which of the following is an expense which would be listed on the HUD-1 Uniform
Settlement Statement? - correct answer ✔✔b) Title insurance fees
18. Which of the following happens when a leased property is sold? - correct answer ✔✔a) The
buyer acquires title subject to the lease.
