TENNESSEE REAL ESTATE EVALUATION EXAMS QUESTIONS
AND ANSWERS GUARANTEE A+ 2025/2026
✔✔Deed Restrictions - ✔✔Limitation imposed on a buyer's use of a property by
stipulation in a deed of conveyance or recorded subdivided plat
✔✔Subordination - ✔✔Lienor can change the priority of a junior lien by voluntarily
agreeing to lower the lien's position in the hierarchy
✔✔Legal Title - ✔✔Someone who possesses all ownership interest
✔✔Equitable Title - ✔✔Interest or right to obtain legal title to a property in accordance
with a sale or mortgage contract between owner and buyer
✔✔Actual Notice - ✔✔Person who has received actual notice has actual knowledge of
something. Learning through direct experience or communication
✔✔Constructive Notice - ✔✔Knowledge of a fact that a person could have or should
obtained
✔✔Granting Clause - ✔✔Only required clause; contains conveyance intentions, names
of parties, describes property, indicates nominal consideration
✔✔Habendum Clause - ✔✔Describes type of estate being conveyed
✔✔Reddendum Clause - ✔✔Recites restrictions and limitations to estate
✔✔Tenedum Clause - ✔✔Identifies property being conveyed in addition to land
✔✔Warrant of Seizen - ✔✔Assures that the grantor owns the estate to be conveyed
and has right to do so
✔✔Bargain and Sale Deed - ✔✔Grantor covenants that the title is valid but may/may
not warrant against encumbrances, or promise to defend against claims by other parties
• "I own but won't defend"
✔✔General Warranty Deed - ✔✔Most commonly used deed. Contains fullest possible
assurances of good title and protection for buyer
• "I own and will defend"
✔✔Special Warranty Deed - ✔✔Grantor warrants only against title defects or
encumbrances not noted on deed
• "I own and will defend against my acts only"
, ✔✔Quitclaim Deed - ✔✔Transfers real property and potential interest in property
• "I may or may not own and I won't defend"
✔✔Torrens System - ✔✔Title only passes when the conveyance has been duly
registered on the title certificate itself
✔✔Judicial Foreclosure - ✔✔• Involves sale of property under supervision of court
• Initiated by lawsuit
• Available in every state
• Does not contain "power of sale" provision
✔✔Non Judicial Foreclosure - ✔✔• Involves sale of property without court supervision
• Available in many, but not all states
✔✔Strict Foreclosure - ✔✔• Involves court ordered transfer of property to lender
• Available in a few states
✔✔Lis Pendens - ✔✔Gives public notice that property may soon have judgment against
it
✔✔Right of Redemption - ✔✔Right to reclaim property that has been foreclosed by
paying off amounts owed
✔✔Right of Reinstatement - ✔✔Buyer wants to cure the default (bring payments up to
date) and reinstate the loan as if it had not been accelerated
o Lender must dismiss suit and mortgage continues
✔✔Writ of Execution - ✔✔o Authorizes an official to seize and sell the foreclosed
property
o When sold, buyer receives "certificate of sale", not deed. After sale has been
confirmed, buyer will receive "sheriff's deed"
✔✔Deficiency Judgment - ✔✔Lender may get personal judgment against buyer for
unpaid balance
✔✔Non Conforming Use - ✔✔• Clearly differs from current zoning
• Result when a zoning change leaves existing properties in violation of the new
ordinance
✔✔Illegal Non Conforming Use - ✔✔One that conflicts with ordinances that were in
place before the use commenced
✔✔Variance - ✔✔Allows a use that differs from the applicable ordinance for a variety of
justifiable reasons
AND ANSWERS GUARANTEE A+ 2025/2026
✔✔Deed Restrictions - ✔✔Limitation imposed on a buyer's use of a property by
stipulation in a deed of conveyance or recorded subdivided plat
✔✔Subordination - ✔✔Lienor can change the priority of a junior lien by voluntarily
agreeing to lower the lien's position in the hierarchy
✔✔Legal Title - ✔✔Someone who possesses all ownership interest
✔✔Equitable Title - ✔✔Interest or right to obtain legal title to a property in accordance
with a sale or mortgage contract between owner and buyer
✔✔Actual Notice - ✔✔Person who has received actual notice has actual knowledge of
something. Learning through direct experience or communication
✔✔Constructive Notice - ✔✔Knowledge of a fact that a person could have or should
obtained
✔✔Granting Clause - ✔✔Only required clause; contains conveyance intentions, names
of parties, describes property, indicates nominal consideration
✔✔Habendum Clause - ✔✔Describes type of estate being conveyed
✔✔Reddendum Clause - ✔✔Recites restrictions and limitations to estate
✔✔Tenedum Clause - ✔✔Identifies property being conveyed in addition to land
✔✔Warrant of Seizen - ✔✔Assures that the grantor owns the estate to be conveyed
and has right to do so
✔✔Bargain and Sale Deed - ✔✔Grantor covenants that the title is valid but may/may
not warrant against encumbrances, or promise to defend against claims by other parties
• "I own but won't defend"
✔✔General Warranty Deed - ✔✔Most commonly used deed. Contains fullest possible
assurances of good title and protection for buyer
• "I own and will defend"
✔✔Special Warranty Deed - ✔✔Grantor warrants only against title defects or
encumbrances not noted on deed
• "I own and will defend against my acts only"
, ✔✔Quitclaim Deed - ✔✔Transfers real property and potential interest in property
• "I may or may not own and I won't defend"
✔✔Torrens System - ✔✔Title only passes when the conveyance has been duly
registered on the title certificate itself
✔✔Judicial Foreclosure - ✔✔• Involves sale of property under supervision of court
• Initiated by lawsuit
• Available in every state
• Does not contain "power of sale" provision
✔✔Non Judicial Foreclosure - ✔✔• Involves sale of property without court supervision
• Available in many, but not all states
✔✔Strict Foreclosure - ✔✔• Involves court ordered transfer of property to lender
• Available in a few states
✔✔Lis Pendens - ✔✔Gives public notice that property may soon have judgment against
it
✔✔Right of Redemption - ✔✔Right to reclaim property that has been foreclosed by
paying off amounts owed
✔✔Right of Reinstatement - ✔✔Buyer wants to cure the default (bring payments up to
date) and reinstate the loan as if it had not been accelerated
o Lender must dismiss suit and mortgage continues
✔✔Writ of Execution - ✔✔o Authorizes an official to seize and sell the foreclosed
property
o When sold, buyer receives "certificate of sale", not deed. After sale has been
confirmed, buyer will receive "sheriff's deed"
✔✔Deficiency Judgment - ✔✔Lender may get personal judgment against buyer for
unpaid balance
✔✔Non Conforming Use - ✔✔• Clearly differs from current zoning
• Result when a zoning change leaves existing properties in violation of the new
ordinance
✔✔Illegal Non Conforming Use - ✔✔One that conflicts with ordinances that were in
place before the use commenced
✔✔Variance - ✔✔Allows a use that differs from the applicable ordinance for a variety of
justifiable reasons
