Idaho Real Estate Ultimate Exam
**Question 1. Which of the following best describes a fixture?**
A) Personal property that can be removed without damaging the land
B) Personal property that is attached to real property and becomes part of it
C) Real property that can be transferred without a deed
D) Personal property that is used in a trade or business
Answer: B
Explanation: A fixture is personal property that has been attached to real property
in such a way that it becomes part of the real estate, and its ownership passes
with the land.
**Question 2. In a metes and bounds legal description, the term “monument”
refers to:**
A) A natural feature such as a tree or river
B) A man-made marker used as a reference point
C) The exact point where two parcels meet
D) The direction of the property line
Answer: B
Explanation: A monument in metes and bounds is a physical, often man-made,
marker (e.g., a stone or metal post) that identifies a point in the description.
**Question 3. Which of the following is a characteristic of real property?**
A) Mobility
B) Consumability
C) Indestructibility
, Idaho Real Estate Ultimate Exam
D) Uniformity
Answer: C
Explanation: Real property is immobile and generally indestructible; it cannot be
moved or consumed like personal property.
**Question 4. An easement that allows a utility company to run power lines over
a property is an example of a:**
A) License
B) Restrictive covenant
C) Prescriptive easement
D) Appurtenant easement
Answer: D
Explanation: An appurtenant easement benefits a dominant parcel (the utility’s
right-of-way) and runs across the servient parcel, allowing the utility to use the
land.
**Question 5. Which type of deed provides the greatest protection to the
grantee?**
A) Quitclaim deed
B) Bargain and sale deed
C) Special warranty deed
D) General warranty deed
Answer: D
, Idaho Real Estate Ultimate Exam
Explanation: A general warranty deed guarantees that the grantor has clear title
and will defend the title against any claims, covering the entire chain of title.
**Question 6. In a joint tenancy, what right causes the interest of a deceased
co-owner to pass to the surviving owners?**
A) Right of survivorship
B) Tenancy in common
C) Partition by the court
D) Probate
Answer: A
Explanation: Joint tenancy includes the right of survivorship, meaning the
deceased’s share automatically transfers to the remaining joint tenants.
**Question 7. A life estate that ends upon the death of a third person, other than
the life tenant, is called a:**
A) Vested remainder
B) Contingent remainder
C) Executory interest
D) Reversion
Answer: C
Explanation: An executory interest is a future interest that takes effect upon the
occurrence of a specified event, such as the death of a third party.
, Idaho Real Estate Ultimate Exam
**Question 8. Which of the following is NOT a requirement for a valid contract
under the Statute of Frauds?**
A) Writing
B) Signature of the party to be charged
C) Consideration
D) Delivery of the subject matter
Answer: D
Explanation: Delivery of the subject matter is not required under the Statute of
Frauds; the contract must be in writing, signed, and contain consideration.
**Question 9. The fiduciary duty of “Loyalty” requires an agent to:**
A) Keep the client’s financial records confidential
B) Disclose all material facts to the client
C) Act in the best interest of the client above personal interest
D) Provide accurate market analyses
Answer: C
Explanation: The duty of loyalty obligates the agent to place the client’s interests
before the agent’s own interests.
**Question 10. Which of the following is an example of a prohibited practice
under the Fair Housing Act?**
A) Offering a mortgage incentive to a qualified buyer
B) Refusing to rent to a person because of their source of income
C) Steering a family with children toward a school-district-rated property
**Question 1. Which of the following best describes a fixture?**
A) Personal property that can be removed without damaging the land
B) Personal property that is attached to real property and becomes part of it
C) Real property that can be transferred without a deed
D) Personal property that is used in a trade or business
Answer: B
Explanation: A fixture is personal property that has been attached to real property
in such a way that it becomes part of the real estate, and its ownership passes
with the land.
**Question 2. In a metes and bounds legal description, the term “monument”
refers to:**
A) A natural feature such as a tree or river
B) A man-made marker used as a reference point
C) The exact point where two parcels meet
D) The direction of the property line
Answer: B
Explanation: A monument in metes and bounds is a physical, often man-made,
marker (e.g., a stone or metal post) that identifies a point in the description.
**Question 3. Which of the following is a characteristic of real property?**
A) Mobility
B) Consumability
C) Indestructibility
, Idaho Real Estate Ultimate Exam
D) Uniformity
Answer: C
Explanation: Real property is immobile and generally indestructible; it cannot be
moved or consumed like personal property.
**Question 4. An easement that allows a utility company to run power lines over
a property is an example of a:**
A) License
B) Restrictive covenant
C) Prescriptive easement
D) Appurtenant easement
Answer: D
Explanation: An appurtenant easement benefits a dominant parcel (the utility’s
right-of-way) and runs across the servient parcel, allowing the utility to use the
land.
**Question 5. Which type of deed provides the greatest protection to the
grantee?**
A) Quitclaim deed
B) Bargain and sale deed
C) Special warranty deed
D) General warranty deed
Answer: D
, Idaho Real Estate Ultimate Exam
Explanation: A general warranty deed guarantees that the grantor has clear title
and will defend the title against any claims, covering the entire chain of title.
**Question 6. In a joint tenancy, what right causes the interest of a deceased
co-owner to pass to the surviving owners?**
A) Right of survivorship
B) Tenancy in common
C) Partition by the court
D) Probate
Answer: A
Explanation: Joint tenancy includes the right of survivorship, meaning the
deceased’s share automatically transfers to the remaining joint tenants.
**Question 7. A life estate that ends upon the death of a third person, other than
the life tenant, is called a:**
A) Vested remainder
B) Contingent remainder
C) Executory interest
D) Reversion
Answer: C
Explanation: An executory interest is a future interest that takes effect upon the
occurrence of a specified event, such as the death of a third party.
, Idaho Real Estate Ultimate Exam
**Question 8. Which of the following is NOT a requirement for a valid contract
under the Statute of Frauds?**
A) Writing
B) Signature of the party to be charged
C) Consideration
D) Delivery of the subject matter
Answer: D
Explanation: Delivery of the subject matter is not required under the Statute of
Frauds; the contract must be in writing, signed, and contain consideration.
**Question 9. The fiduciary duty of “Loyalty” requires an agent to:**
A) Keep the client’s financial records confidential
B) Disclose all material facts to the client
C) Act in the best interest of the client above personal interest
D) Provide accurate market analyses
Answer: C
Explanation: The duty of loyalty obligates the agent to place the client’s interests
before the agent’s own interests.
**Question 10. Which of the following is an example of a prohibited practice
under the Fair Housing Act?**
A) Offering a mortgage incentive to a qualified buyer
B) Refusing to rent to a person because of their source of income
C) Steering a family with children toward a school-district-rated property
