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Perry Real Estate Module 1 Exam – Questions and Answers (A+ Graded, 100% Guaranteed Success)

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This document provides the complete set of Perry Real Estate Module 1 exam questions and answers, covering foundational real estate concepts such as property rights, real property vs. personal property, land use fundamentals, legal descriptions, and basic contract principles. The content is fully updated and structured to support strong comprehension and effective exam preparation, ensuring confidence and mastery of all core Module 1 topics.

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PERRY REAL ESTATE MODULE 1 EXAM QUESTIONS AND ANSWERS
GRADED A+ 100% GUARANTEED SUCCESS.




What are some of a property managers' responsibilities.? ANS >>> Order maintenance

Protect investment

Collect rents

All the above



Borrowers can deduct all of the following expenses except: ANS >>> Credit card interest

(Mortgage interest, loan origination fee, and taxes)



__________ is all property that does not fit the definition of real property ANS >>> Personal property

(Fungible property, full property, encumbrance)



True or false. The terms land, real estate and real property are synonymous? ANS >>> False



Who acts as the primary contact between a principal broker and buyers or sellers? ANS >>> Agents

(Administrators, lawyers, bankers)



This is any right or privilege associated with the property (parking, water rights, etc.) ANS >>>
Appurtenance

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