Barney Fletcher Real Estate Exam Questions and
Correct Answers
trade - ANSWER: > a ______ fixture can be affixed to real property without becoming legal part of the
property
False - ANSWER: > Trade fixtures may not be removed from leased premises once they are affixed. T/F?
True - ANSWER: > Trade fixtures do not include replacement fixtures. T/F?
emblements - ANSWER: > Fructus industriales is another term for:
Chattel - ANSWER: > all property other than real property is known as _____
True - ANSWER: > A bill of sale is to personal property as a deed is to real property. T/F?
Price - ANSWER: > The actual amount of money paid for a particular parcel of real estate is said to be
that property's:
False - ANSWER: > In an ideal market, the forces of supply and demand are always chaotic. T/F?
his or her broker-employer - ANSWER: > A licensed real estate salesperson may legally accept an extra
commission for a difficult sale from:
A - ANSWER: > Owner Kelly is leaving the area for a one year period. She asks salesperson Boren to
manage her rental house for $45/mo while she is gone. Which of the following is true in this situation?
A. Boren must work through her broker
B. Boren must put the $45 in an interest bearing escrow account
C. This is OK because the compensation is less than $1,000
D. This is OK because the time element is not more than one year
Broker - ANSWER: > A salesperson represents the _____
A - ANSWER: > Which of the following is required to hold a real estate license?
A. A person who, for compensation, helps sell his neighbor's home
B. A government employee selling land owned by the government
C. A property manager leasing property in the course of his employment for the owner.
D. All of these choices
False - ANSWER: > Our free enterprise system is free from government economic controls. T/F?
the general public - ANSWER: > The purpose of a state real estate regulatory board is to protect:
False - ANSWER: > A mushroom farm is industrial property. T/F?
,C - ANSWER: > Special purpose properties include all of the following EXCEPT:
A. Churches
B. Hospitals
C. Industrial park
D. Nursing homes
A - ANSWER: > Commercial property includes all but which of the following?
A. horse ranch
B. office buildings
C. restaurants
D. vacant land suitable for commercial development
False - ANSWER: > A hospital is a commercial property. T/F?
False - ANSWER: > An industrial park is commercial property. T/F?
D - ANSWER: > Which of the following is not considered a legal description?
A. Metes and bounds
B. Lot and block
C. Government method of survey
D. Street address, city, state and zip code
Monuments method - ANSWER: > The least accurate method of legal description is the:
640 - ANSWER: > If a person owns a square parcel of land that is 1 mile on each side, the person owns
how many acres?
False - ANSWER: > Surface rights consist of only the right to control, occupy, and use the surface area of
a parcel of real estate. T/F?
D - ANSWER: > Mineral rights are:
A. Always considered to be personal property
B. Always pass with the land
C. Cannot be sold separately from the land
D. Pass with the land, unless otherwise specified in the deed
C - ANSWER: > Which of the following is NOT an improvement of land?
,A. Building
B. Sidewalk
C. Corn crop
D. Flower bed
A - ANSWER: > Six months after Brady bought his home, he installed custom made storm windows and
doors throughout the house. Later, when he sells his property, will these storm windows and doors
automatically convey with the house?
A. Yes, unless in advance of the sale, Brady clearly specifies that they will be removed.
B. Yes, if he lived in the property at least a year before the sale.
C. No, because they were not part of the original structure
D. No, because they can be removed, if they are taken off carefully
A - ANSWER: > David owns property along the banks of the Little Big Horn River. Scott owns property
adjoining David's, and has access to the highway, but not to the river. Scott and David grant each other
appurtenant easements to cross each others property to get to the road and the river respectively. The
riparian rights associated with property ownership belong to:
A. David because his property borders the river
B. Scott, because he has an easement to cross David's land
C. Both David and Scott
D. Neither
C - ANSWER: > Which of the following is NOT a test of a fixture?
A. Manner of attachment
B. An agreement between the parties
C. Time of attachment
D. Manner of adaptation
B - ANSWER: > Which of the following best describes a parcel of land?
A. The surface of the earth including control of all minerals and substances beneath
B. The surface of the earth extending down to the center and upward to the sky
C. The earth's surface closely marked by certain boundaries
D. The surface of the earth extending down a reasonable distance and up into the air a reasonable
distance
False - ANSWER: > Littoral rights is a term referring to all water rights T/F?
, C - ANSWER: > Each of the following is a test of whether or not something is a fixture, EXCEPT:
A. Method of attachment
B. Adaptability
C. Cost
D. Relationship of the parties
Ownership - ANSWER: > The right of one party to possess and use real property exclusive of others is:
C - ANSWER: > A prospective buyer noticed an ornate flag pole attached to the front porch of the house
she wants to purchase. She wants to make certain that the flag pole is included in the sale. What should
the agent do?
A, Because the pole is attached and will automatically convey
B. call seller and advise them the buyer wants the pole
C. include the flag pole in the offer to purchase
D. photograph the flag pole as evidence of its attachment
B - ANSWER: > A couple is interested in buying a house that has an odd shaped living room. The current
owners had a custom-made, free-standing bookcase built to specifically fit into one part of the room.
The buyer believes this is a fixture because it is uniquely adapted to this specific room. The seller
believes this is not a fixture because it is free-standing. To avoid any misunderstandings, what should the
listing licensee do?
A. Assure the seller there is nothing to worry about
B. Include a provision in the agreement of sale (and listing contract) that states whether the bookcase is
included with the sale or not.
C. Assure the buyer there is nothing to worry about
D. File an interpleader action in court
B - ANSWER: > Real property would include:
A. Fixtures
B. Each of these choices
C. Air space
D. Mineral rights
a fixture - ANSWER: > Personal property which is attached to a building and which will convey with the
land is known as?
B - ANSWER: > All of the following are personal property EXCEPT:
A. Trade fixtures
Correct Answers
trade - ANSWER: > a ______ fixture can be affixed to real property without becoming legal part of the
property
False - ANSWER: > Trade fixtures may not be removed from leased premises once they are affixed. T/F?
True - ANSWER: > Trade fixtures do not include replacement fixtures. T/F?
emblements - ANSWER: > Fructus industriales is another term for:
Chattel - ANSWER: > all property other than real property is known as _____
True - ANSWER: > A bill of sale is to personal property as a deed is to real property. T/F?
Price - ANSWER: > The actual amount of money paid for a particular parcel of real estate is said to be
that property's:
False - ANSWER: > In an ideal market, the forces of supply and demand are always chaotic. T/F?
his or her broker-employer - ANSWER: > A licensed real estate salesperson may legally accept an extra
commission for a difficult sale from:
A - ANSWER: > Owner Kelly is leaving the area for a one year period. She asks salesperson Boren to
manage her rental house for $45/mo while she is gone. Which of the following is true in this situation?
A. Boren must work through her broker
B. Boren must put the $45 in an interest bearing escrow account
C. This is OK because the compensation is less than $1,000
D. This is OK because the time element is not more than one year
Broker - ANSWER: > A salesperson represents the _____
A - ANSWER: > Which of the following is required to hold a real estate license?
A. A person who, for compensation, helps sell his neighbor's home
B. A government employee selling land owned by the government
C. A property manager leasing property in the course of his employment for the owner.
D. All of these choices
False - ANSWER: > Our free enterprise system is free from government economic controls. T/F?
the general public - ANSWER: > The purpose of a state real estate regulatory board is to protect:
False - ANSWER: > A mushroom farm is industrial property. T/F?
,C - ANSWER: > Special purpose properties include all of the following EXCEPT:
A. Churches
B. Hospitals
C. Industrial park
D. Nursing homes
A - ANSWER: > Commercial property includes all but which of the following?
A. horse ranch
B. office buildings
C. restaurants
D. vacant land suitable for commercial development
False - ANSWER: > A hospital is a commercial property. T/F?
False - ANSWER: > An industrial park is commercial property. T/F?
D - ANSWER: > Which of the following is not considered a legal description?
A. Metes and bounds
B. Lot and block
C. Government method of survey
D. Street address, city, state and zip code
Monuments method - ANSWER: > The least accurate method of legal description is the:
640 - ANSWER: > If a person owns a square parcel of land that is 1 mile on each side, the person owns
how many acres?
False - ANSWER: > Surface rights consist of only the right to control, occupy, and use the surface area of
a parcel of real estate. T/F?
D - ANSWER: > Mineral rights are:
A. Always considered to be personal property
B. Always pass with the land
C. Cannot be sold separately from the land
D. Pass with the land, unless otherwise specified in the deed
C - ANSWER: > Which of the following is NOT an improvement of land?
,A. Building
B. Sidewalk
C. Corn crop
D. Flower bed
A - ANSWER: > Six months after Brady bought his home, he installed custom made storm windows and
doors throughout the house. Later, when he sells his property, will these storm windows and doors
automatically convey with the house?
A. Yes, unless in advance of the sale, Brady clearly specifies that they will be removed.
B. Yes, if he lived in the property at least a year before the sale.
C. No, because they were not part of the original structure
D. No, because they can be removed, if they are taken off carefully
A - ANSWER: > David owns property along the banks of the Little Big Horn River. Scott owns property
adjoining David's, and has access to the highway, but not to the river. Scott and David grant each other
appurtenant easements to cross each others property to get to the road and the river respectively. The
riparian rights associated with property ownership belong to:
A. David because his property borders the river
B. Scott, because he has an easement to cross David's land
C. Both David and Scott
D. Neither
C - ANSWER: > Which of the following is NOT a test of a fixture?
A. Manner of attachment
B. An agreement between the parties
C. Time of attachment
D. Manner of adaptation
B - ANSWER: > Which of the following best describes a parcel of land?
A. The surface of the earth including control of all minerals and substances beneath
B. The surface of the earth extending down to the center and upward to the sky
C. The earth's surface closely marked by certain boundaries
D. The surface of the earth extending down a reasonable distance and up into the air a reasonable
distance
False - ANSWER: > Littoral rights is a term referring to all water rights T/F?
, C - ANSWER: > Each of the following is a test of whether or not something is a fixture, EXCEPT:
A. Method of attachment
B. Adaptability
C. Cost
D. Relationship of the parties
Ownership - ANSWER: > The right of one party to possess and use real property exclusive of others is:
C - ANSWER: > A prospective buyer noticed an ornate flag pole attached to the front porch of the house
she wants to purchase. She wants to make certain that the flag pole is included in the sale. What should
the agent do?
A, Because the pole is attached and will automatically convey
B. call seller and advise them the buyer wants the pole
C. include the flag pole in the offer to purchase
D. photograph the flag pole as evidence of its attachment
B - ANSWER: > A couple is interested in buying a house that has an odd shaped living room. The current
owners had a custom-made, free-standing bookcase built to specifically fit into one part of the room.
The buyer believes this is a fixture because it is uniquely adapted to this specific room. The seller
believes this is not a fixture because it is free-standing. To avoid any misunderstandings, what should the
listing licensee do?
A. Assure the seller there is nothing to worry about
B. Include a provision in the agreement of sale (and listing contract) that states whether the bookcase is
included with the sale or not.
C. Assure the buyer there is nothing to worry about
D. File an interpleader action in court
B - ANSWER: > Real property would include:
A. Fixtures
B. Each of these choices
C. Air space
D. Mineral rights
a fixture - ANSWER: > Personal property which is attached to a building and which will convey with the
land is known as?
B - ANSWER: > All of the following are personal property EXCEPT:
A. Trade fixtures
