CFRE donor relations Competency Test Preparation Questions
with Approved Answers 2025/2026
In a leasehold, who possesses the interest in the property - correct
answer the tenant holds interest in the leasehold estate
Tenancy-in-common allows owners - correct answer to buy into property
at different times, own equal shares, will property to their heirs
Right of survivorship means if one owner dies, the other owner(s) get their
share - correct answer available for tenancy by entireties (husband and
wife) and joint tenants only
Condominium documents on a resale (not new from developer) must
include - correct answer most recent year-end financial information, faq
and bylaws
Devise means - correct answer real property conveyed by a will
Recording information in the public records - correct answer constructive
notice
Title mortgagee's title insurance policy protects the lender and - correct
answer is issued for the loan amount and is transferable
What is in the premises section of a deed - correct answer grantor/grantee
names, addresses and date of execution
, A gross lease the tenant pays a monthly rent - correct answer the landlord
pays all taxes, insurance, and maintenance
A specific lien is against a specific property and not all the owners
properties' such as - correct answer vendors' lien (seller finances part or
all of payment) called a purchase money mortgage
A variable lease agreement states that if the index agreed to go up 2%,
your rent - correct answer increases by 2%
In a meets-and-bounds legal description, south 20 degrees west is
opposite - correct answer north 20 degrees east
A section is one square mile and - correct answer has 640 acres
A legal description with the word and in it, means that there is - correct
answer more than one track of land in another area which must be added
to total acres
In a township, what section is north of 23 - correct answer 14
A valid r.e. contract requires contractual capacity, consideration offer and
acceptance - correct answer legality of object
Enforceable contract is a legally binding contract that the courts will
recognize such as - correct answer contracts conveying interest in real
property must be in writing
with Approved Answers 2025/2026
In a leasehold, who possesses the interest in the property - correct
answer the tenant holds interest in the leasehold estate
Tenancy-in-common allows owners - correct answer to buy into property
at different times, own equal shares, will property to their heirs
Right of survivorship means if one owner dies, the other owner(s) get their
share - correct answer available for tenancy by entireties (husband and
wife) and joint tenants only
Condominium documents on a resale (not new from developer) must
include - correct answer most recent year-end financial information, faq
and bylaws
Devise means - correct answer real property conveyed by a will
Recording information in the public records - correct answer constructive
notice
Title mortgagee's title insurance policy protects the lender and - correct
answer is issued for the loan amount and is transferable
What is in the premises section of a deed - correct answer grantor/grantee
names, addresses and date of execution
, A gross lease the tenant pays a monthly rent - correct answer the landlord
pays all taxes, insurance, and maintenance
A specific lien is against a specific property and not all the owners
properties' such as - correct answer vendors' lien (seller finances part or
all of payment) called a purchase money mortgage
A variable lease agreement states that if the index agreed to go up 2%,
your rent - correct answer increases by 2%
In a meets-and-bounds legal description, south 20 degrees west is
opposite - correct answer north 20 degrees east
A section is one square mile and - correct answer has 640 acres
A legal description with the word and in it, means that there is - correct
answer more than one track of land in another area which must be added
to total acres
In a township, what section is north of 23 - correct answer 14
A valid r.e. contract requires contractual capacity, consideration offer and
acceptance - correct answer legality of object
Enforceable contract is a legally binding contract that the courts will
recognize such as - correct answer contracts conveying interest in real
property must be in writing
