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NRL 10
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NRL: Simulated Exam ACTUAL 
UPDATED QUESTIONS AND CORRECT 
ANSWERS 
Which of the following would be an encumbrance and a lien? - CORRECT 
ANSWERSDeed of trust 
A buyer of a residential unit receives stock as a form of ownership. This is best described as: - CORRECT ANSWERSCooperative 
Cooperative property is owned by the corporation and residents are shareholders who 
purchase stock. 
Building permits would be issued under the government's right of: - CORRECT 
ANSWERSPolice power 
...
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NRL: Simulated Exam ACTUAL 
UPDATED QUESTIONS AND CORRECT 
ANSWERS 
Which of the following would be an encumbrance and a lien? - CORRECT 
ANSWERSDeed of trust 
A buyer of a residential unit receives stock as a form of ownership. This is best described as: - CORRECT ANSWERSCooperative 
Cooperative property is owned by the corporation and residents are shareholders who 
purchase stock. 
Building permits would be issued under the government's right of: - CORRECT 
ANSWERSPolice power 
...