OACIQ EXAM PREP PROFESSIONAL EXAMPREP 2026 TESTED QUESTIONS AND SOLUTIONS FULL REVIEW GRADED A+

OACIQ EXAM PREP PROFESSIONAL EXAMPREP
2026 TESTED QUESTIONS AND SOLUTIONS
FULL REVIEW GRADED A+

◉ LLC. Answer: Limited Liability Company protecting owners from
personal liability


◉ Corporation. Answer: Business entity with perpetual existence


◉ Cooperative. Answer: Ownership where buyers own stock instead
of real estate


◉ Proprietary Lease. Answer: Document giving co-op owner right to
occupy unit


◉ Metes and Bounds. Answer: Survey starting at a POB and
returning to the POB


◉ Lot and Block. Answer: Land description using recorded plat map


◉ Rectangular Survey. Answer: Government survey using townships,
ranges, and sections

, ◉ Section 16. Answer: Section reserved for schools


◉ One Acre Square Feet. Answer: 43,560 square feet


◉ Feet in a Mile. Answer: 5,280 feet


◉ Acres in a Section. Answer: 640 acres


◉ SW 1/4 of a Section. Answer: 160 acres


◉ N 1/2 of SW 1/4. Answer: 80 acres


◉ Land at $2 per Square Foot (1 Acre). Answer: $87,120


◉ Survivorship Ownership. Answer: Joint Tenancy


◉ No Survivorship Ownership. Answer: Tenancy in Common


◉ Utilities Easement. Answer: Easement in Gross


◉ POB Survey Type. Answer: Metes and Bounds