1
Missed Questions on Real Estate Simulator Questions with
Detailed Verified Answers (100% Correct Answers) /Already
Graded A+
Which of the following is a freehold estate?
Ans: Life Estate
After a trustee's sale is held and the property has been sold to the highest
bidder, the grantor has:
Ans: No recourse
A percentage lease is calculated on a percentage of:
Ans: The gross sales
Under the Oregon Residential Landlord and Tenant Act, Security deposits:
Ans: May be claimed by the landlord to repair damages caused by the tenant
An easement is:
Ans: An encumbrance on real property
In a sale-leaseback arrangement:
Ans: Neither I nor II
A mortgage is best defined as:
Ans: A special lien
Which of the following statements regarding priority of interests is true?
Ans: The priority of a deed is established by the date the deed was recorded
A mortgage lien can be released by:
Ans: Foreclosure and Sale of the property to the mortgagee
Approved By:
vPretest - Stuvia US
, 2
A judgement lien is placed on all real property belonging to Kenneth, an
Oregon resident. He may lose his right to claim a homestead exemption if he:
Ans: Sells his home and invests the proceeds in an out of state business
To be valid a deed which contains a lot and block description must also:
Ans: Neither I nor II
Which of the following is NOT an operating expense on a budget as
prepared by a property manager?
Ans: Replacement of ceiling
If the tenant improves a leased building, unless otherwise stated, the
Ans: Owner acquires title to the improvements when the lease terminates.
The Oregon statutory special warranty deed:
Ans: Conveys any interest the grantor may receive after the deed is signed
Which of the following statements concerning statutory deed forms is
correct?
Ans: If any modifications to a statutory deed are necessary, the client should
be advised by the broker to seek assistance of an attorney to make the
changes.
When compared to Federal Housing Administration loans, conventional loans
generally offer the borrower
Ans: lower loan-to-value ratios.
A standard title insurance policy protects the insured against which of the
following?
Ans: The lack of capacity of a grantor
Ted Mahoney gave a general warranty deed to his nephew John when John
bought the apartment building Ted owned. John had the deed recorded. Later
Approved By:
vPretest - Stuvia US
Missed Questions on Real Estate Simulator Questions with
Detailed Verified Answers (100% Correct Answers) /Already
Graded A+
Which of the following is a freehold estate?
Ans: Life Estate
After a trustee's sale is held and the property has been sold to the highest
bidder, the grantor has:
Ans: No recourse
A percentage lease is calculated on a percentage of:
Ans: The gross sales
Under the Oregon Residential Landlord and Tenant Act, Security deposits:
Ans: May be claimed by the landlord to repair damages caused by the tenant
An easement is:
Ans: An encumbrance on real property
In a sale-leaseback arrangement:
Ans: Neither I nor II
A mortgage is best defined as:
Ans: A special lien
Which of the following statements regarding priority of interests is true?
Ans: The priority of a deed is established by the date the deed was recorded
A mortgage lien can be released by:
Ans: Foreclosure and Sale of the property to the mortgagee
Approved By:
vPretest - Stuvia US
, 2
A judgement lien is placed on all real property belonging to Kenneth, an
Oregon resident. He may lose his right to claim a homestead exemption if he:
Ans: Sells his home and invests the proceeds in an out of state business
To be valid a deed which contains a lot and block description must also:
Ans: Neither I nor II
Which of the following is NOT an operating expense on a budget as
prepared by a property manager?
Ans: Replacement of ceiling
If the tenant improves a leased building, unless otherwise stated, the
Ans: Owner acquires title to the improvements when the lease terminates.
The Oregon statutory special warranty deed:
Ans: Conveys any interest the grantor may receive after the deed is signed
Which of the following statements concerning statutory deed forms is
correct?
Ans: If any modifications to a statutory deed are necessary, the client should
be advised by the broker to seek assistance of an attorney to make the
changes.
When compared to Federal Housing Administration loans, conventional loans
generally offer the borrower
Ans: lower loan-to-value ratios.
A standard title insurance policy protects the insured against which of the
following?
Ans: The lack of capacity of a grantor
Ted Mahoney gave a general warranty deed to his nephew John when John
bought the apartment building Ted owned. John had the deed recorded. Later
Approved By:
vPretest - Stuvia US
