Recent Exam 2026 | Actual Comprehensive Real Exam
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A contract in which a property owner employs a real estate broker to market the
property described in the contract is referred to as the ?
Exclusive Contract Purchase Contract Listing Contract Agency Contract
ANSWERS: Listing Contract
The 'L' in the acronym C.O.A.L.D. stands for which fiduciary duty...?
Loyalty Litigation Listing License
ANSWERS: Loyalty
,A means of comparing similar type properties, which have recently sold, to the
subject property is known as the...?
Cost Approach
Assessment Approach Income Approach
Market Comparison Approach
ANSWERS: Market Comparison Approach
All property that is not land and is not permanently attached to land is known
as...?
Personal Property
Real Property
Real Estate
Fixture
ANSWERS: Personal Property
,Mineral rights are typically considered dominant to which of the following
rights...?
Sub-surface rights
None of the above
Air rights
Surface rights
ANSWERS: Surface Rights
Which of the following is considered a legal test for determining if an item is a
fixture or not...?
Intention of the parties
Mode and permanence of how the item was attached
Adaptation of the item
All of the above
ANSWERS: All of the Above
The right of exclusion, which allows a landowner to prevent others from entering
or occupying their property, is included in the...?
Riparian Rights
Littoral Rights
Air Rights
Bundle of Rights
ANSWERS: Bundle of Rights
, The landowner's ability to take minerals from the earth or to sell or lease this
right to others is known as...?
Bundle of Rights
Land Rights
Mineral rights
Air Rights
ANSWERS: Mineral Rights
The transfer of personal property is typically done using a...?
Deed
Purchase Contract
All of the above
Bill of Sale
ANSWERS: Bill of Sale
Which of the following is an example of a fixture...?
Curtains
Removable bookshelves
Rugs
Kitchen cabinets
ANSWERS: Kitchen Cabinets