Exam (elaborations)
National Real Estate Exam Practice Questions & Answers.
- Course
- Institution
National Real Estate Exam Practice Questions & Answers.
[Show more]
Content preview
National Real Estate Exam PracticeQuestions & Answers
A hproperty howner hhas hdecided hto hdo hsome hlandscaping hwork hon hhis hyard. hHe
hhas hplanted ha htree hsurrounded hby hsome hflowering hshrubs. hThe htree hand hshrubs
hare han hexample hof... h- hANS-improvements
A hproperty howner hhas ha hwaterfront hlot hon ha hstream. hHe hhas hthe hright hto huse hthe
hwater hfrom hthe hstream. hWhat his hthis hright hcalled? h- hANS-riparian
A htenant his haware hthat hhis hlease hwill hexpire hat hthe hend hof hthe hmonth. hHe hhas
hbegun hto hdisassemble hhis hdisplay hcabinets hand hshelves. hWhich hof hthe hfollowing
hstatements habout hthis his htrue h- hANS-the htenant hcan htake hthese has hthey hare
htrade hfixtures
A hseller his hattending hthe hclosing hon hhis hproperty. hThe htitle hcompany hhas
hdiscovered han hunsatisfied hM&M hlien hon hthe hproperty. hWhich hof hthe hfollowing his
hthe hmost hlikely hreason hfor hthe hlien? h- hANS-plumbing hwork hthat hwas hcompleted
hbut hnever hpaid hfor
A hlisting hagent hwent hto hinspect ha hseller's hproperty hhoping hto hlist hit hfor hsale. hThe
hseller htold hthe hlisting hagent hthat hhis hneighbor's hsatellite hdish htrespasses hon hhis
hproperty. hThis his han hexample hof... h- hANS-encroachment
A hfather hgives hhis hson ha hlife hestate hon ha hproperty. hThe hson hleases hthe hproperty.
hThe htenant hdies. hWhat hhappens hto hthe hproperty? h- hANS-it hgoes hback hto hthe hson
huntil hhe hdies
A hman hleaves hhis hsecond hwife ha hlife hestate hin htheir hhome hafter hwhich hthe
hproperty hgoes hto hhis hchildren hfrom hhis hfirst hmarriage. hThe hchildren... h- hANS-are
hremaindermen
Which hof hthe hfollowing hstatements habout han heasement his htrue? h- hANS-an
heasement his ha hbenefit hto hthe hdominant hproperty howner
P, hQ hand hR hare hjoint htenants. hP hwants hto hsell hthe hproperty, hbut hQ hand hR hdo
hnot. hWhat hcan hP hdo? h- hANS-file ha hsuit hfor hpartition
A, hB hand hC hare hjoint htenants. hC hdies. hB hsells hhis hshare hto hD. hWhat htype hof
hownership hdo hA hand hD hhave? h- hANS-tenants hin hcommon
,Under hwhat hright hcan hthe hgovernment hchange hproperty huse hfrom hcommercial hto
hresidential honly? h- hANS-police hpower
Ownership hof hthe hcommon hareas hof hcondominiums his hmost hlikely hto hbe: h- hANS-
tenancy hin hcommon
What hshould ha hbuyer hdo hto hensure hthat hhis his hgetting hthe hbest htitle hto hreal
hproperty? h- hANS-get ha hgeneral hwarranty hdeed
Which hcovenant hin ha hdeed hguarantees hthat hthe howners hwill hnot hsuffer hor hbe
hdisturbed hby hany hclaims hon hthe hproperty? h- hANS-the hcovenant hof hquiet
henjoyment
Excess hmoney hat ha hforeclosure hsale hgoes hto... h- hANS-the hborrower
After hdefaulting hon ha hreal hestate hloan, ha hborrower his hable hto hpay hoff hthe hloan
hprior hto hthe hforeclosure hsale. hThis his hcalled: h- hANS-right hof hredemption
The hrequired hdistance hbetween hbuildings hand ha hfederally hprotected hendangered
hspecies hwetlands his han hexample hof... h- hANS-a hbuffer hzone
A hcouple hpurchased ha hcondominium. hThe hcomplex hhas han hexercise hroom hfor hall
hresidents. hThe hcouple hdoes hnot huse hthe hexercise hroom hand hdoes hnot hwant hto
hpay hthe hmonthly hfee hfor hthe huse hof hthe hfacility. hWhat hcan hthey hdo hto havoid hthis
hfee? h- hANS-they hmust hpay hthe hfee has hthey hhave ha htenancy hin hcommon hinterest
hin hall hcommon hareas
Which hof hthe hfollowing his hpersonal hproperty? h- hANS-a hlease
A hlandlord hleased hspace hin hhis hnew hretail hproperty hto han hinexperienced hbusiness
hperson. hBased hon hlocation hand hthe htype hof hbusiness, hthe hlandlord hbelieves hit hwill
hbe ha hgreat hsuccess. hWhat htype hof hlease hcan hhe henter hinto hwith hthe htenant hthat
hwill hallow hthe hlandlord hto hbenefit hfrom hthe htenant's hsuccess? h- hANS-a hpercentage
hlease
A hbuyer hhas hpurchased ha hproperty hand hafter hclosing hthe hseller hwill hcontinue hto
hoccupy hthe hproperty. hThis his han hexample hof... h- hANS-sale hand hleaseback
Your hclient hwill hbe hable hto hqualify hfor ha hproperty hthey hwish hto hpurchase hin habout
h6 hmonths, hafter hthey hhad han hopportunity hto hreduce htheir hconsumer hdebt. hThey
hhave hfound ha hproperty hthat hthey hwould hlike hto hpurchase hnow. hWhat htype hof
hagreement hcan hthey henter hinto hwith ha hseller hthat hwill hallow hthem hto hoccupy hthe
hproperty hnow hand hpurchase hit hwithin hthe h6 hmonths? h- hANS-lease hwith han hoption
hto hbuy
, Tenants hhave hsigned ha h3 hyear hlease hon ha hproperty. hIn hthe hsecond hyear hthe
howner hdies hand hhis hheirs hinherit hthe hproperty. hThey hgive hthe htenants hnotice hto
hvacate. hWhat his htrue? h- hANS-the htenants hcan hstay huntil hthe hend hof hthe hlease
A hdeveloper hdecides hto hbuild ha hcommercial hproperty hin hthe hmiddle hof ha
hresidential hsubdivision. hWhat his hrequired? h- hANS-a hvariance
A hzoning hordinance hwould haffect hwhich hof hthe hfollowing? h- hANS-the hconcentration
hof hhousing hin ha hresidential harea
If ha hperson hdies hwithout ha hwill, hwho hreceives htheir hestate? h- hANS-spouse hand
hchildren
What hare hthe hrequirements/ hcriteria hfor hreal hestate hto hhave hvalues? h- hANS-
demand, hutility, hscarcity, htransferability
What hprinciple hof hvalue hdefines hthe hmost himportant hfactor hfor happraisal? h- hANS-
highest hand hbest huse
What happroach hwould han happraiser hmost hlikely huse hto hvalue ha hresidential hrent
hhouse hin hneighborhood hwhere ha hmajority hof hthe hhomes hare hleased? h- hANS-
income happroach
A hlicensed hbroker his hadvertising hthat hhe hwill hperform ha hfree happraisal hif hyou
hcontact hhim hfor ha hlisting happointment. hHe his hnot hin hviolation hof hthe hlaw... h- hANS-
if hhe his ha hlicensed happraiser
Which hof hthe hfollowing his hNOT han hexample hof hfunctional hobsolescence? h- hANS-
deferred hmaintenance
According hto hthe hStatute hof hFrauds, hwhich hof hthe hfollowing hleases hmust hbe hin
hwriting? h- hANS-a hlease hfor hmore hthan hone hyear
Your hclient his han hinvestor hwho hwould hlike hto hhave hthe hright hto hpurchase ha
hcommercial htract hfor h$5 hmillion hfor hthe hnext h6 hmonths. hWhat htype hof hcontract
hshould hhe henter hinto hwith hthe hseller? h- hANS-an hoption hcontract
A hsigned hsales hcontract hthat hhas hnot hyet hgone hto hclosing his... h- hANS-executory
When hdoes han hoffer hbecome ha hcontract? h- hANS-When hthe hofferee hgives hthe
hofferor hnotice hof hthe hacceptance
Which hof hthe hfollowing hstatements his htrue habout hthe hduties hof han hagent haccording
hto hthe hcommon hlaw hof hagency? h- hANS-an hagent hmust htreat hboth hclients hand
hcustomers hwith hhonesty hand hfairness
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Prose1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82292 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now