NM RE BROKER EXAM QUESTIONS
AND ANSWERS 2026 VERIFIED.
Fee Simple Absolute - ANS The highest and most complete form of property ownership
Life Estate - ANS Ownership measured by the lifetime of a person
Remainderman - ANS Person who receives property after a life estate ends
Freehold Estate - ANS Estate with ownership for an indefinite period
Leasehold Estate - ANS Estate with possession for a fixed period of time
Metes and Bounds - ANS Legal description using directions and distances
Rectangular Survey - ANS Government survey system using townships and sections
Lot and Block - ANS Legal description based on recorded subdivision maps
Township - ANS 6 mile by 6 mile square containing 36 sections
Section One - ANS square mile containing 640 acres
@2026/2027 ALLRIGHTS RESERVED.
AND ANSWERS 2026 VERIFIED.
Fee Simple Absolute - ANS The highest and most complete form of property ownership
Life Estate - ANS Ownership measured by the lifetime of a person
Remainderman - ANS Person who receives property after a life estate ends
Freehold Estate - ANS Estate with ownership for an indefinite period
Leasehold Estate - ANS Estate with possession for a fixed period of time
Metes and Bounds - ANS Legal description using directions and distances
Rectangular Survey - ANS Government survey system using townships and sections
Lot and Block - ANS Legal description based on recorded subdivision maps
Township - ANS 6 mile by 6 mile square containing 36 sections
Section One - ANS square mile containing 640 acres
@2026/2027 ALLRIGHTS RESERVED.