ACEABLE AGENT REAL ESTATE EXAM
2025/2026 QUESTIONS AND ANSWERS
100% PASS
Land - ANS the surface of the earth, including all permanently attached natural features,
extending downwards to the center of the earth and upwards to infinity,
Real Estate - ANS land PLUS improvements
Improvement - ANS any non natural structure built on or affixed to land (ex: buildings,
fences, decks, roads, etc.)
Real Property - ANS land with improvements, PLUS the bundle of rights associated with real
estate ownership. conveyed by deed
Bundle of Rights - ANS The right of...
Exclusion
Possession
Disposition
Quiet Enjoyment
Control
Encumber
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, (the right to) Exclusion - ANS gives owner the right to exclude anyone from their land
(the right to) Possession - ANS right to occupy, live, breathe, and do whatever you want (in
accordance with the law)
(the right to) Disposition - ANS right to sell, lease, and/or will a property to anyone you
choose. you may also transfer any or all of your property rights (hence, right of transfer)
(the right to) Quiet Enjoyment - ANS the right of an owner or lessee legally in possession of
property, to uninterrupted use of the property without interference from the former owner,
lessor or any third party claiming superior title
(the right to) Control - ANS right to alter, change, or improve property as owner sees fit. also
includes the right to encumber (right to put a property on the line as collateral for debt)
Asset - ANS anything of value that is owned. for example, real estate is an asset... the buyer
hopes their asset will increase in value, with a goal of earning equity
Equity - ANS property's total value owned outright by the owner (all the value ABOVE what
an owner owes their lender.
- I buy a home for $200,000 and put $20,000 down. that being said, I have $20,000 in equity
Legal Title - ANS complete legal ownership of real property and the bundle of rights
associated
Taking Title - ANS when you officially assume ownership of a property.
How is real property transferred? - ANS by deed
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
2025/2026 QUESTIONS AND ANSWERS
100% PASS
Land - ANS the surface of the earth, including all permanently attached natural features,
extending downwards to the center of the earth and upwards to infinity,
Real Estate - ANS land PLUS improvements
Improvement - ANS any non natural structure built on or affixed to land (ex: buildings,
fences, decks, roads, etc.)
Real Property - ANS land with improvements, PLUS the bundle of rights associated with real
estate ownership. conveyed by deed
Bundle of Rights - ANS The right of...
Exclusion
Possession
Disposition
Quiet Enjoyment
Control
Encumber
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, (the right to) Exclusion - ANS gives owner the right to exclude anyone from their land
(the right to) Possession - ANS right to occupy, live, breathe, and do whatever you want (in
accordance with the law)
(the right to) Disposition - ANS right to sell, lease, and/or will a property to anyone you
choose. you may also transfer any or all of your property rights (hence, right of transfer)
(the right to) Quiet Enjoyment - ANS the right of an owner or lessee legally in possession of
property, to uninterrupted use of the property without interference from the former owner,
lessor or any third party claiming superior title
(the right to) Control - ANS right to alter, change, or improve property as owner sees fit. also
includes the right to encumber (right to put a property on the line as collateral for debt)
Asset - ANS anything of value that is owned. for example, real estate is an asset... the buyer
hopes their asset will increase in value, with a goal of earning equity
Equity - ANS property's total value owned outright by the owner (all the value ABOVE what
an owner owes their lender.
- I buy a home for $200,000 and put $20,000 down. that being said, I have $20,000 in equity
Legal Title - ANS complete legal ownership of real property and the bundle of rights
associated
Taking Title - ANS when you officially assume ownership of a property.
How is real property transferred? - ANS by deed
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
