Estate Licensing Exam
Questions and Answers 100%
PASS
An owner planted evergreen bushes and apple trees on their property. These items would
be considered:
A. Real Estate
B. Personal Property
C. Chattel
D. Trade Fixtures - CORRECT ANSWER-A: Real Estate
Which one of these would NOT be a fixture?
A. Chandelier
B. Built-in bookshelves
C. Heirloom rosebush
D: Cast iron garden bench - CORRECT ANSWER-C: Heirloom rosebush
,A husband and wife both owned a piece of property. When the husband died, the ownership
went to the wife. This type of ownership would be called:
A. Tenancy-in-common
B. Severalty
C. Joint tenancy with right of survivorship
D. A suit to partition - CORRECT ANSWER-C: Joint tenancy with right of survivorship
Which of the following statements would be true regarding a judgement lien?
A. It is a specific lien that applies to just one property
B. When a property is sold to satisfy the debt, a release should be filed on the public record
to clear the title
C: A judgement lien always takes priority at a foreclosure sale
D: A lis pendens must be filed in conjunction with a judgement lien on the public record -
CORRECT ANSWER-B: When a property is sold to satisfy the debt, a release should be filed
on the public record to clear the title
What type of easement would have a servient tenement, but not a dominant tenement?
A. an easement by reservation
B. An appurtenant easement
C: An easement by prescription
D: An easement in gross - CORRECT ANSWER-D: An easement in gross
Which of the following scenarios would require an easement by necessity?
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,A: A railroad has to reroute tracks around a piece of land if not allowed to go straight
through
B: A gas company having to run gas line around a property.
C: An owner was landlocked and could not gain access to his property
D: A utility company had no access to a subdivision - CORRECT ANSWER-C: An owner was
landlocked and could not gain access to his property
A rectangular piece of property had a metes and bounds legal description. The beginning of
the description was as follows: Proceed south 150 feet, thence west 85 feet, thence north
150 feet. The completion of this description should read:
A: thence west 85 feet to the point of beginning
B: thence east 85 feet to the point of beginning
C: thence west 150 feet to the point of beginning
D: thence east 150 feet to the point of beginning - CORRECT ANSWER-B: thence east 85 feet
to the point of beginning
A developer purchased land with the intent of subdividing and selling lots for a residential
subdivision. When would the developer be able to list the lots "for sale" with a broker?
A. He can do this whenever he wants once he has purchased the land
B. After he obtains a conditional permit for the residential construction
C: Once he gets the plat map approved by the city
, D: Only after obtaining the proper zoning from the city - CORRECT ANSWER-C: Once he gets
a plat map approved by the city.
A listing broker thought that the metes and bounds description on a listing agreement was
incorrect. The listing broker should do which of the following?
A: Assume that the broker is correct and make changes on the listing agreement
B: Contact the county courthouse and have them make the changes
C: Have a surveyor or title attorney check and see if any corrections need to be made
D: Nothing as buyers are required to obtain a title insurance policy to ensure everything is
correct concerning the title - CORRECT ANSWER-C: Have a surveyor or title attorney check
and see if any corrections need to be made
An owner of a commercial property only wanted to be liable for any additional liens or
encumbrances during the time frame he owned the property. The type of deed that would
accomplish this would be a:
A. General warranty deed
B. Bargain and sale deed
C. Special warranty deed
D: quitclaim deed - CORRECT ANSWER-C: Special warranty deed
Which of the following types of deeds would give the buyer the greatest protection?
A. Special warranty deed
B. General warranty deed
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