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- NSG 320 NSG320 5
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Latest notes & summaries National University
National Real Estate Exam Practice Questions and complete Answers 100% 
A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of... 
A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? 
 
A tenant is aware that his lease will expire at the end of the month. He has begun to disassemble his display cabinets and ...
National Real Estate Exam Prep Test with complete solutions 
Unilateral Contract 
 
Bilateral Contract 
Client/Principal 
Customer 
 
In-Company Transaction 
Management-Level License 
Statute of Frauds requires the following: 
Novation 
 
If the original party to an agreement is replaced due to novation, are they liable? 
Mailbox Rule 
Grantor is the 
 
Grantee is the 
Optionor is the 
Optionee is the 
Lessor is the 
Lessee is the
PSI National Exam for Real Estate Test with complete solutions 
A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called 
Antitrust laws prohibit competing brokers from all of the following 
 
When a sewer line is installed down a rural road, the cost will probably be shared by 
 
State laws differ on whether a buyer is entitled to know about 
A lawsuit for inverse condemnation may be brought by When is racial discrimination in the rental of rooms or apart...
Question 1 
1 out of 1 points 
This is used when a conservative approach is desired and an expected 
cell frequency is less than 5 in a 2X2 table. 
Selected 
Answer: Fisher's exact 
test 
Answers: 
Fisher's exact 
test 
Cramer's V 
Yates' 
correction 
Regression 
 Question 2 
1 out of 1 points 
When examining the relationship between a nominal variable and an 
interval or ratio variable, you would create a table using the nominal 
variables, calculate the mode and median of the interval o...
Question 1 
1 out of 1 points 
This is used when a conservative approach is desired and an expected 
cell frequency is less than 5 in a 2X2 table. 
Selected 
Answer: Fisher's exact 
test 
Answers: 
Fisher's exact 
test 
Cramer's V 
Yates' 
correction 
Regression 
 Question 2 
1 out of 1 points 
When examining the relationship between a nominal variable and an 
interval or ratio variable, you would create a table using the nominal 
variables, calculate the mode and median of the interval o...
NC Real Estate Exam Practice with all solutions complete 
Real Property 
 
Personal Property/Personalty 
 
Test of Personal versus Real Property 
 
Land 
 
Broker working with a prospective buyer as a listing agent owes which to the following to the prospective buyer? 
A. Honesty, fairness, and confidentiality 
C. Skill, care, diligence 
D. Disclosure of material facts, loyalty, accountability Which is the following is true about designated agency in North Carolina? 
 
B. A BIC can assign an...
Florida Real Estate Exam Questions with complete solutions 
Owners that buy income properties as investments and depend on professionals to manage them 
 
a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal... 
 
A contractor is employed by an owner of land to build on that land to the owner's specifications 
 
When a contractor builds on his own land with the hope of locating a purchaser after construction has been completed 
 
A develope...
National - Real Estate Exam Practice Questions (Set One) with all solutions complete 
Which of the following is a lien on real estate? 
 
a. recorded easement 
c. encroachment 
d. dead restriction 
 
Which approach to value would MOST likely be useful to real estate brokers estimating the value of a single-family residence for sale in a subdivision? 
 
a. cost approach 
b. income approach 
d. gross rent multiplier 
 
A license is an example of? 
 
a. easement 
c. condemnation 
d. police power ...
Real Estate Final Exam (150 Questions ) #1 test all solutions complete 
A real estate licensee has a buyer agency agreement. What is the seller in this situation?. 
 
An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? 
When can a landlord evict a disabled blind or disabled tenant from the premises? 
4. Broker Carr, with ABC Real Estate Company, listed the property with a seller. Brok...
National Real Estate Exam Prep with correct Answers!! 
Unilateral Contract 
 
Bilateral Contract 
Client/Principal 
 
Customer 
 
In-Company Transaction 
Management-Level License 
Statute of Frauds requires the following:. 
 
Novation 
 
If the original party to an agreement is replaced due to novation, are they liable? 
Mailbox Rule. 
 
Grantor is the 
Grantee is the 
 
Optionor is the 
 
Optionee is the 
Lessor is the 
 
Lessee is the 
 
Vendor is the 
 
Vendee is the 
 
Mortga...