Pre-Licensing Final Exam Questions With Guaranteed Pass Solutions.
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Course
NJ Title Producer
Institution
NJ Title Producer
1. A court action to clear a defect, cloud or questionable claim against a title is called: A) An action to quiet title B) A lis pardens C) A partition suit D) A novation action - Answer A) An action to quiet title
2. Which of the following can be natural or manmade? A) Datum B) Metes and Bou...
Pre-Licensing Final Exam Questions
With Guaranteed Pass Solutions.
1. A court action to clear a defect, cloud or questionable claim against a title is called: A) An action to
quiet title B) A lis pardens C) A partition suit D) A novation action - Answer A) An action to quiet title
2. Which of the following can be natural or manmade? A) Datum B) Metes and Bounds C) Old liens D)
Monuments - Answer D) Monuments
3. Survivorship does not exist among A) Joint tenants B) Tenants in common C) Tenants by the entirety D)
None of the above - Answer B) Tenants in common
4. Which of the following estates is granted to the survivor under the Dowry and Curtsey rights A) A life
estate B) A fee simple estate C) A leasehold estate D) A conditional estate - Answer A) A life estate
5. The right of the government to place reasonable restrictions on private property is known as A)
Eminent domain B) Police power C) Condemnation D) Adverse possession - Answer B) Police power
6. The minimum lot sizes in a subdivision and house density are usually established by A) The subdivider
B) Zoning ordinances C) The developer D) The homeowner's association - Answer B) Zoning ordinances
7. By definition, an estate for years A) Has no termination date B) Must be for at least two years C)
Requires a written lease D) Is for a fixed period - Answer D) Is for a fixed period
8. Which of the following statement is false? A) A first mortgage lien can encumber both land
improvements B) Tax liens are satisfied before all other liens C) Mechanics liens take priority over tax
liens D) The general property tax is in ad velorem tax - Answer C) Mechanics liens take priority over tax
liens
9. A transfer by delivery of a deed can be described as: A) Right of possession B) Title acquired C)
Satisfactory transfer D) Voluntary alienation - Answer D) Voluntary alienation
, 10. John and Jill are not married but own real property together. John dies and Jill now own the property
in severalty. How did John and Jill originally hold title? A) As tenant by the entirety B) As tenants in
common C) As joint tenants D) As life tenants - Answer C) As joint tenants
11. The transfer of real property by a will is known as: A) A demise B) A devise C) A dedication D) A
bequest - Answer B) A devise
12. According to zoning rules, Paul's lot is too small to build the garage he wants. In order for Paul to be
able to build a garage he will have to apply for: A) An exemption B) A variance C) A repeal D) A non-
conforming use - Answer B) A variance
13. Which of the following is an encumbrance but not a lien? A) Unpaid property taxes B) Attachments C)
Judgments D) Deed restrictions - Answer D) Deed restrictions
14. Amy deeds a property to Ned who fails to record his deed. She subsequently deeds the same
property to David who does record his deed. Which of the following is true? A) Ned owns the property
since his was the first deed B) David will be declared the owner C) Ned and David will be tenants in
common D) Amy remains the owner since both deeds are now void - Answer B) David will be declared
the owner
15. Which of the following liens serves as a notice of possible future legal action against a parcel of real
estate? A) Curtesy B) Tackling C) Lis pendens D) Defeasance - Answer C) Lis pendens
16. Which of the following is not real property? A) A fixture B) Trees C) Radiators D) Emblements -
Answer D) Emblements
17. The appraised value of a high school building would be estimated by which of the following
approaches to value? A) Income approach B) Cost approach C) Before and after approach D) Sales
comparison approach - Answer B) Cost approach
18. Using the income approach to value, as the capitalization rate increases: A) The capitalized value
decreases B) The net income decreases C) The capitalized value increases D) The capitalized value
remains the same - Answer A) The capitalized value decreases
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