NATIONAL REAL ESTATE LATEST EXAM 2026 /2027
ACCURATE EXAM COMPLETE REAL QUESTIONS
AND CORRECT DETAILED ANSWERS (100%
CORRECT VERIFIED SOLUTIONS) LATEST UPDATED
VERSION |GUARANTEED PASS A+
A property owner has the right to tell other people that they
cannot trespass on their property. What is this right called?
Answer- right of exclusion
The term for when the client initiates the termination of the
agency agreement is known as:
Answer- revocation
Which of the following terms refers to a surveyor's or
developer's map that identifies lots and blocks?
Answer- plat
The statute of frauds requires that real estate agreements:
Answer- be in writing
,Which type of deed includes the five implied warranties
(covenants)?
Answer- general warranty deed
Which of these scenarios does NOT violate fair housing law?
Answer- An agent advertises a senior citizen community with
the phrase "no children allowed."
What is the difference between a bill of sale and a deed?
Answer- A bill of sale is for personal property; a deed is for real
estate.
A buyer offers additional consideration to add a 10-day option
period to the sales contract. During this period, the buyer can: *
Answer- terminate the contract for any reason
,Brenda and her husband are interested in buying a house that
was constructed in 1971 that has all the original paint, windows,
and flooring. What is required from the listing agent in this
situation? *
Answer- The agent needs to furnish the buyers with a pamphlet
approved by the EPA concerning lead based paint prior to
closing.
In order to be valid, what MUST a deed have?
Answer- a legal description
Hans bought an investment property for $5,250,000. The NOI of
this property is $367,500. At what cap rate did he purchase this
property?
Answer- 7%
What does the principle of anticipation state about the valuation
of property?
Answer- The present value of a property is affected by the
anticipated income or utility that property will give its property
owner.
, Which of these is a naturally occurring mineral that is
commonly used in insulation, but if airborne or inhaled, can
cause severe respiratory health issues?
Answer- asbestos
How long after an incident does a victim of housing
discrimination have to file a complaint with HUD?
Answer- one year
What is the term for deliberate deception done with the intention
of gaining something of value or causing damage to another
person?
Answer- fraud
Mary has a loan whose payments and interest rate will stay the
same throughout the life of the loan (not including the cost
changes caused by insurance and tax rates). What kind of loan
does Mary have?
Answer- fixed-rate, fully amortized
ACCURATE EXAM COMPLETE REAL QUESTIONS
AND CORRECT DETAILED ANSWERS (100%
CORRECT VERIFIED SOLUTIONS) LATEST UPDATED
VERSION |GUARANTEED PASS A+
A property owner has the right to tell other people that they
cannot trespass on their property. What is this right called?
Answer- right of exclusion
The term for when the client initiates the termination of the
agency agreement is known as:
Answer- revocation
Which of the following terms refers to a surveyor's or
developer's map that identifies lots and blocks?
Answer- plat
The statute of frauds requires that real estate agreements:
Answer- be in writing
,Which type of deed includes the five implied warranties
(covenants)?
Answer- general warranty deed
Which of these scenarios does NOT violate fair housing law?
Answer- An agent advertises a senior citizen community with
the phrase "no children allowed."
What is the difference between a bill of sale and a deed?
Answer- A bill of sale is for personal property; a deed is for real
estate.
A buyer offers additional consideration to add a 10-day option
period to the sales contract. During this period, the buyer can: *
Answer- terminate the contract for any reason
,Brenda and her husband are interested in buying a house that
was constructed in 1971 that has all the original paint, windows,
and flooring. What is required from the listing agent in this
situation? *
Answer- The agent needs to furnish the buyers with a pamphlet
approved by the EPA concerning lead based paint prior to
closing.
In order to be valid, what MUST a deed have?
Answer- a legal description
Hans bought an investment property for $5,250,000. The NOI of
this property is $367,500. At what cap rate did he purchase this
property?
Answer- 7%
What does the principle of anticipation state about the valuation
of property?
Answer- The present value of a property is affected by the
anticipated income or utility that property will give its property
owner.
, Which of these is a naturally occurring mineral that is
commonly used in insulation, but if airborne or inhaled, can
cause severe respiratory health issues?
Answer- asbestos
How long after an incident does a victim of housing
discrimination have to file a complaint with HUD?
Answer- one year
What is the term for deliberate deception done with the intention
of gaining something of value or causing damage to another
person?
Answer- fraud
Mary has a loan whose payments and interest rate will stay the
same throughout the life of the loan (not including the cost
changes caused by insurance and tax rates). What kind of loan
does Mary have?
Answer- fixed-rate, fully amortized
