REAL ESTATE SALESPERSON LICENSE EXAM QUESTIONS AND CORRECT VERIFIED ANSWERS

REAL ESTATE SALESPERSON LICENSE
EXAM QUESTIONS AND CORRECT
VERIFIED ANSWERS
TheA2factA2thatA2anA2individualA2mustA2goA2toA2theA2landA2describesA2whatA2physicalA2char
acteristicsA2ofA2land?A2-A2Ans--Immobility

JohnA2andA2MaryA2areA2co-
ownersA2ofA2aA2property.A2JohnA2hasA2aA260%A2interestA2inA2theA2propertyA2andA2MaryA2h
asA240%.A2WhatA2typeA2ofA2freeholdA2estateA2doA2theyA2have?A2-A2Ans--
TenancyA2inA2Common

AA2PropertyA2isA2surveyedA2toA2determineA2aA2legalA2description.A2TheA2surveyorA2worksA
2fromA2aA2pointA2ofA2beginning,A2andA2measuresA2terminalA2pointsA2andA2angles.A2WhatA2
methodA2ofA2landA2descriptionA2isA2heA2using?A2-A2Ans--MetesA2andA2Bounds

JohnA2leasedA2spaceA2inA2aA2buildingA2andA2installedA2bookcasesA2andA2ceilingA2fansA2inA
2thatA2space.A2HisA2leaseA2willA2endA2soon.A2WhatA2willA2happenA2toA2theA2bookcasesA2an
dA2fan?A2-A2Ans--
BecauseA2theyA2haveA2beenA2installed,A2theA2bookcasesA2andA2fansA2areA2fixturesA2andA2
haveA2becomeA2partA2ofA2theA2property.A2HeA2mustA2leaveA2themA2behind.

WhatA2isA2anA2exampleA2ofA2involuntary,A2statutory,A2specificA2lien?A2-A2Ans--
AdA2ValoremA2TaxA2Lien

Buyer'sA2agentA2hasA2helpedA2herA2buyersA2findA2aA2property.A2TheA2sellersA2haveA2install
edA2aA2fountainA2inA2theA2courtyardA2andA2theA2buyersA2haveA2stressedA2totA2heirA2agentA2
thatA2theyA2wantA2theA2fountainA2toA2beA2includedA2inA2theA2purchase.A2WhatA2shouldA2the
A2buyers'A2agentA2doA2toA2ensureA2thatA2herA2clientsA2getA2theA2fountain?A2-A2Ans--
TheA2agentA2canA2includeA2wordingA2intA2heA2buyers'A2offerA2thatA2indicatesA2theA2fountain
A2isA2includedA2inA2theA2sale.


AllA2ofA2theA2followingA2areA2fixturesA2except?:A2
1.A2Shrubs
2.A2Pool
3.A2Tree
4.A2LandA2-A2Ans--Land

MaryA2andA2JohnA2areA2marriedA2withA2grownA2children.A2BothA2areA2intestate.A2IfA2JohnA2
diesA2andA2MaryA2becomesA2theA2ownerA2ofA2theA2home,A2whatA2typeA2ofA2ownershipA2did
A2theyA2have?A2-A2Ans--TenancyA2byA2theA2Entirety

, AA2one-
halfA2acreA2parcelA2ofA2landA2inA2Manhattan,A2NYA2isA2worthA2considerablyA2moreA2thanA2
aA2one-halfA2acreA2parcelA2inA2WhiteA2Plains,A2NY.A2ThisA2isA2anA2exampleA2of:A2-A2Ans--
Scarcity

WhatA2isA2theA2differenceA2betweenA2anA2easementA2andA2aA2lien?A2-A2Ans--
EasementA2isA2aA2rightA2inA2landA2andA2aA2lienA2isA2not

AA2sellerA2showsA2hisA2propertyA2withA2ceilingA2fans.A2AfterA2closingA2whenA2theA2buyerA2e
ntersA2theA2houseA2theA2ceilingA2fansA2haveA2beenA2removedA2andA2theA2wiresA2areA2han
gingA2downA2fromA2theA2ceiling.A2WhatA2bestA2describesA2thisA2situation?A2-A2Ans--
TheA2sellerA2cannotA2takeA2theA2fansA2becauseA2theyA2areA2fixtures.

AA2marriedA2coupleA2purchasesA2propertyA2andA2takesA2titleA2asA2TenantsA2byA2theA2Entir
ety.A2WhatA2isA2notA2trueA2aboutA2this?A2-A2Ans--
WhenA2theA2spouseA2diesA2theirA2shareA2willA2passA2toA2theirA2heirsA2includingA2butA2notA2l
imitedA2toA2theA2survivingA2spouse.

TheA2localA2governmentA2needsA2yourA2landA2toA2buildA2aA2newA2highA2school.A2TheyA2ha
veA2theA2rightA2toA2takeA2yourA2landA2forA2theA2publicA2good.A2WhatA2isA2thisA2called?A2-
A2Ans--EminentA2Domain


YouA2haveA2recentlyA2purchasedA2propertyA2inA2anA2areaA2regulatedA2byA2zoning.A2ItA2has
A2comeA2toA2yourA2attentionA2thatA2youA2haveA2zoningA2violationA2onA2theA2property.A2Wha
tA2shouldA2youA2do?A2-A2Ans--RequestA2aA2varianceA2fromA2theA2zoningA2board

OneA2ofA2theA2propertyA2ownersA2inA2aA2subdivisionA2isA2violatingA2theA2deedA2restrictions.
A2WhatA2canA2theA2otherA2propertyA2ownersA2doA2toA2getA2himA2toA2comply?A2-A2Ans--
SeekA2anA2injunctionA2fromA2theA2courts

YourA2propertyA2boardersA2aA2non-
navigableA2waterwayA2andA2youA2haveA2riparianA2rights.A2YouA2haveA2builtA2aA210-
footA2pierA2atA2theA2watersA2edge.A2HowA2doA2youA2measureA2yourA2property?A2-A2Ans--
ToA2theA2middleA2ofA2theA2waterway

Mary,A2aA2singleA2woman,A2haA2snowA2children.A2SheA2ownsA2realA2propertyA2andA2diesA2i
ntestate.A2WhatA2happensA2toA2herA2realA2property?A2-A2Ans--
TheA2courtA2willA2appointA2anA2administratorA2andA2itA2willA2beA2distributedA2toA2herA2heirsA
2byA2theA2LawA2ofA2Descent.


WhatA2isA2theA2bestA2exampleA2ofA2aA2bufferA2zone?A2-A2Ans--
GardenA2apartmentsA2betweenA2singleA2familyA2homesA2andA2retailA2shops.

AllA2ofA2theA2followingA2applyA2toA2waterA2rightsA2except?A2-A2Ans--PriorA2appropriation