LMRT STATE REVIEW REAL ESTATE EXAM
SCRIPT 2026 COMPREHENSIVE QUESTIONS
AND ANSWERS GRADED A+
⩥ A landlord has how many days to make a claim on a deposit? Answer:
30
⩥ Which of the following ways is NOT a way to determine a fixture.
Answer: Disposition
⩥ What fees does the buyer pay at closing? Answer: Attorney Fee &
Deed Recording
⩥ There are only three brokers in the town of Agartha. They make a
decision to only accept offers, which pay commissions of 7.2%. is this
allowed, and if not, why? Answer: NO, this is illegal under the
SHerman-Clayton Act
⩥ To mix your personal funda with escrow funds would be? Answer:
Commingle
⩥ The Tenancy that is characterized by a Right-of-Survivorship Answer:
Joint Tendancy
, ⩥ If a Broker is selling a man's home for $75,000, but the seller tells the
broker in private that he will accept $72,000 for the home, is the broker
obligated to tell the buyer this? Answer: Broker cannot disclose this to
the buyer
⩥ Which rights are characterized by private ownership along a river or
stream and includes access rights to water, boating, or dockage? Answer:
Riparian
⩥ A Package Morgage covers which type of property? Answer: Chattel
and Real
⩥ Which of the following is NOT a concept regarding Escrow
Accounts? Answer: Brokers do not need to be signatory on the escrow
account
⩥ Which of the following does NOT classify a Joint Tenancy? Answer:
Contract
⩥ A man owned a piece of property before he got married. Now, even
though he is married, that property is still considered what? Answer:
Separate
⩥ When is a deed considered to be transferred? Answer: When the deed
is signed and delivered by a grantor
SCRIPT 2026 COMPREHENSIVE QUESTIONS
AND ANSWERS GRADED A+
⩥ A landlord has how many days to make a claim on a deposit? Answer:
30
⩥ Which of the following ways is NOT a way to determine a fixture.
Answer: Disposition
⩥ What fees does the buyer pay at closing? Answer: Attorney Fee &
Deed Recording
⩥ There are only three brokers in the town of Agartha. They make a
decision to only accept offers, which pay commissions of 7.2%. is this
allowed, and if not, why? Answer: NO, this is illegal under the
SHerman-Clayton Act
⩥ To mix your personal funda with escrow funds would be? Answer:
Commingle
⩥ The Tenancy that is characterized by a Right-of-Survivorship Answer:
Joint Tendancy
, ⩥ If a Broker is selling a man's home for $75,000, but the seller tells the
broker in private that he will accept $72,000 for the home, is the broker
obligated to tell the buyer this? Answer: Broker cannot disclose this to
the buyer
⩥ Which rights are characterized by private ownership along a river or
stream and includes access rights to water, boating, or dockage? Answer:
Riparian
⩥ A Package Morgage covers which type of property? Answer: Chattel
and Real
⩥ Which of the following is NOT a concept regarding Escrow
Accounts? Answer: Brokers do not need to be signatory on the escrow
account
⩥ Which of the following does NOT classify a Joint Tenancy? Answer:
Contract
⩥ A man owned a piece of property before he got married. Now, even
though he is married, that property is still considered what? Answer:
Separate
⩥ When is a deed considered to be transferred? Answer: When the deed
is signed and delivered by a grantor
