Pearson Vue Real Estate Insurance Exam
Questions with Verified Answers
100% Guarantee passing score of 90% or higher
Consist of 80 multichoice Questions with Answers
1. What would result from a condition in a deed?
a. fee simple
b. defeasible fee
c. chattels real.
d. nonfreehold estate
Answer
B. Defeasible Fee
Fee simple determinable is a defeasible estate that could be lost lost upon the
happening of a specified condition.
If a deed specifies that a grant shall be only "for as long as"; or while a property is
in a particular use, the length of the estate is really determined by the deed
2. J installed central air-conditioning in his home. the compressor unit, which
was located outside the home, would be regarded as what?
,Answer
Real property
3. an investor's personal assets could be subject to a creditor's claim in
a...
Answer
General Partnership
An active partner and has unlimited personal liability for the debts of the partnership.
One general partner can personally obligate the other general partners (Part of
Tenancy in Partnership)
4. How does an S corporation differ from other corporations?
Answer
Its investors have no personal liability
5. A tenant in a commercial building installed a large sign that was anchored
to the building with steel rods. Which term properly describes the sign?
A.Fixture
B. Trade fixture
C. Real Property
D. Emblement
Answer
B. Trade Fixture
, Installed by a tenant for the purpose of conducting a business or trade.
A tenant can remove a trade fixture but is liable for removal damage to real property
.
6. What type of real property description would include reference to an iron
stake?
Answer
Metes and bounds (aka measurements and directions)
Shows the boundaries of parcel by measuring from point to point. The measuring
points in a metes-and-bounds description are known as monuments.
Two types of monuments
-natural monuments
tress, rocks, rivers
-artificial monuments
iron stakes, fences, roads
7. Real property interests include...
Answer
an appurtenance that goes with the land.
Examples
buildings, fences, trees, water rights, the ground below, mineral rights, air rights,
easements
Questions with Verified Answers
100% Guarantee passing score of 90% or higher
Consist of 80 multichoice Questions with Answers
1. What would result from a condition in a deed?
a. fee simple
b. defeasible fee
c. chattels real.
d. nonfreehold estate
Answer
B. Defeasible Fee
Fee simple determinable is a defeasible estate that could be lost lost upon the
happening of a specified condition.
If a deed specifies that a grant shall be only "for as long as"; or while a property is
in a particular use, the length of the estate is really determined by the deed
2. J installed central air-conditioning in his home. the compressor unit, which
was located outside the home, would be regarded as what?
,Answer
Real property
3. an investor's personal assets could be subject to a creditor's claim in
a...
Answer
General Partnership
An active partner and has unlimited personal liability for the debts of the partnership.
One general partner can personally obligate the other general partners (Part of
Tenancy in Partnership)
4. How does an S corporation differ from other corporations?
Answer
Its investors have no personal liability
5. A tenant in a commercial building installed a large sign that was anchored
to the building with steel rods. Which term properly describes the sign?
A.Fixture
B. Trade fixture
C. Real Property
D. Emblement
Answer
B. Trade Fixture
, Installed by a tenant for the purpose of conducting a business or trade.
A tenant can remove a trade fixture but is liable for removal damage to real property
.
6. What type of real property description would include reference to an iron
stake?
Answer
Metes and bounds (aka measurements and directions)
Shows the boundaries of parcel by measuring from point to point. The measuring
points in a metes-and-bounds description are known as monuments.
Two types of monuments
-natural monuments
tress, rocks, rivers
-artificial monuments
iron stakes, fences, roads
7. Real property interests include...
Answer
an appurtenance that goes with the land.
Examples
buildings, fences, trees, water rights, the ground below, mineral rights, air rights,
easements
