Real Estate Salesperson License Exam
Questions / Real Estate Salesperson
License Exam Questions & Answers |
Complete Exam Prep Guide
The fact that an individual must go to the land describes what physical
characteristics of land? - ---✔✔✔ANSWER----Immobility
John and Mary are co-owners of a property. John has a 60% interest in the
property and Mary has 40%. What type of freehold estate do they have? - ---
✔✔✔ANSWER----Tenancy in Common
A Property is surveyed to determine a legal description. The surveyor works from
a point of beginning, and measures terminal points and angles. What method of
land description is he using? - ---✔✔✔ANSWER----Metes and Bounds
,John leased space in a building and installed bookcases and ceiling fans in that
space. His lease will end soon. What will happen to the bookcases and fan? - ---
✔✔✔ANSWER----Because they have been installed, the bookcases and fans
are fixtures and have become part of the property. He must leave them behind.
What is an example of involuntary, statutory, specific lien? - ---
✔✔✔ANSWER----Ad Valorem Tax Lien
Buyer's agent has helped her buyers find a property. The sellers have installed a
fountain in the courtyard and the buyers have stressed tot heir agent that they
want the fountain to be included in the purchase. What should the buyers' agent
do to ensure that her clients get the fountain? - ---✔✔✔ANSWER----The
agent can include wording int he buyers' offer that indicates the fountain is
included in the sale.
All of the following are fixtures except?:
1. Shrubs
2. Pool
3. Tree
4. Land - ---✔✔✔ANSWER----Land
, Mary and John are married with grown children. Both are intestate. If John dies
and Mary becomes the owner of the home, what type of ownership did they
have? - ---✔✔✔ANSWER----Tenancy by the Entirety
A one-half acre parcel of land in Manhattan, NY is worth considerably more than a
one-half acre parcel in White Plains, NY. This is an example of: - ---
✔✔✔ANSWER----Scarcity
What is the difference between an easement and a lien? - ---
✔✔✔ANSWER----Easement is a right in land and a lien is not
A seller shows his property with ceiling fans. After closing when the buyer enters
the house the ceiling fans have been removed and the wires are hanging down
from the ceiling. What best describes this situation? - ---✔✔✔ANSWER----
The seller cannot take the fans because they are fixtures.
A married couple purchases property and takes title as Tenants by the Entirety.
What is not true about this? - ---✔✔✔ANSWER----When the spouse dies
their share will pass to their heirs including but not limited to the surviving
spouse.
The local government needs your land to build a new high school. They have the
right to take your land for the public good. What is this called? - ---
✔✔✔ANSWER----Eminent Domain
Questions / Real Estate Salesperson
License Exam Questions & Answers |
Complete Exam Prep Guide
The fact that an individual must go to the land describes what physical
characteristics of land? - ---✔✔✔ANSWER----Immobility
John and Mary are co-owners of a property. John has a 60% interest in the
property and Mary has 40%. What type of freehold estate do they have? - ---
✔✔✔ANSWER----Tenancy in Common
A Property is surveyed to determine a legal description. The surveyor works from
a point of beginning, and measures terminal points and angles. What method of
land description is he using? - ---✔✔✔ANSWER----Metes and Bounds
,John leased space in a building and installed bookcases and ceiling fans in that
space. His lease will end soon. What will happen to the bookcases and fan? - ---
✔✔✔ANSWER----Because they have been installed, the bookcases and fans
are fixtures and have become part of the property. He must leave them behind.
What is an example of involuntary, statutory, specific lien? - ---
✔✔✔ANSWER----Ad Valorem Tax Lien
Buyer's agent has helped her buyers find a property. The sellers have installed a
fountain in the courtyard and the buyers have stressed tot heir agent that they
want the fountain to be included in the purchase. What should the buyers' agent
do to ensure that her clients get the fountain? - ---✔✔✔ANSWER----The
agent can include wording int he buyers' offer that indicates the fountain is
included in the sale.
All of the following are fixtures except?:
1. Shrubs
2. Pool
3. Tree
4. Land - ---✔✔✔ANSWER----Land
, Mary and John are married with grown children. Both are intestate. If John dies
and Mary becomes the owner of the home, what type of ownership did they
have? - ---✔✔✔ANSWER----Tenancy by the Entirety
A one-half acre parcel of land in Manhattan, NY is worth considerably more than a
one-half acre parcel in White Plains, NY. This is an example of: - ---
✔✔✔ANSWER----Scarcity
What is the difference between an easement and a lien? - ---
✔✔✔ANSWER----Easement is a right in land and a lien is not
A seller shows his property with ceiling fans. After closing when the buyer enters
the house the ceiling fans have been removed and the wires are hanging down
from the ceiling. What best describes this situation? - ---✔✔✔ANSWER----
The seller cannot take the fans because they are fixtures.
A married couple purchases property and takes title as Tenants by the Entirety.
What is not true about this? - ---✔✔✔ANSWER----When the spouse dies
their share will pass to their heirs including but not limited to the surviving
spouse.
The local government needs your land to build a new high school. They have the
right to take your land for the public good. What is this called? - ---
✔✔✔ANSWER----Eminent Domain
