TEST BANK FOR REAL ESTATE PRINCIPLES A
VALUE APPROACH 7TH EDITION ACTUAL
EXAM SCRIPT 2026 FULL QUESTIONS AND
CORRECT ANSWERS ALREADY PASSED
◉ Which of these is not a requirement of a valid deed? Answer:
Competent grantee
◉ The "highest quality" form of deed is the: Answer: General warrantee
deed
◉ A deed used mainly to clear up possible "clouds" or encumbrances to
title (conflicting interests) is the: Answer: Quitclaim deed
◉ If a landowner sells the front part of a parcel of land, retaining the
back portion as a "land-locked" parcel, and if there is an existing
informal path across the front parcel to the back one, the seller is likely
to retain the path as a (an): c Answer: Implied easement by prior use
◉ If a neighboring land owner drives across a person's land openly and
consistently for a number of years the neighbor may acquire an easement
by: Answer: Prescription
, ◉ Factors that make it uniquely difficult to establish clear title in real
estate as compared to most personal property items include: Answer:
Length of the ownership history in real estate
◉ Which of these is a widely used form of "evidence of title Answer:
Title insurance commitment
◉ If documents conveying interests in real property are properly
recorded in the public records, then they are binding or enforceable on
all persons, regardless of whether those persons are aware of the
documents, by th Answer: Doctrine of constructive notice
◉ The most common form of legal description for urban residential
property is the: Answer: Plat lot and block number
◉ 1. A market where tenants negotiate rent and other terms with
property owners or their managers is referred to as a: Answer: User
market
◉ 2. The market in which required rates of return on available
investment opportunities are determined is referred to as the: Answer:
Capital market
VALUE APPROACH 7TH EDITION ACTUAL
EXAM SCRIPT 2026 FULL QUESTIONS AND
CORRECT ANSWERS ALREADY PASSED
◉ Which of these is not a requirement of a valid deed? Answer:
Competent grantee
◉ The "highest quality" form of deed is the: Answer: General warrantee
deed
◉ A deed used mainly to clear up possible "clouds" or encumbrances to
title (conflicting interests) is the: Answer: Quitclaim deed
◉ If a landowner sells the front part of a parcel of land, retaining the
back portion as a "land-locked" parcel, and if there is an existing
informal path across the front parcel to the back one, the seller is likely
to retain the path as a (an): c Answer: Implied easement by prior use
◉ If a neighboring land owner drives across a person's land openly and
consistently for a number of years the neighbor may acquire an easement
by: Answer: Prescription
, ◉ Factors that make it uniquely difficult to establish clear title in real
estate as compared to most personal property items include: Answer:
Length of the ownership history in real estate
◉ Which of these is a widely used form of "evidence of title Answer:
Title insurance commitment
◉ If documents conveying interests in real property are properly
recorded in the public records, then they are binding or enforceable on
all persons, regardless of whether those persons are aware of the
documents, by th Answer: Doctrine of constructive notice
◉ The most common form of legal description for urban residential
property is the: Answer: Plat lot and block number
◉ 1. A market where tenants negotiate rent and other terms with
property owners or their managers is referred to as a: Answer: User
market
◉ 2. The market in which required rates of return on available
investment opportunities are determined is referred to as the: Answer:
Capital market
