PRINCIPLES OF REAL ESTATE FINAL EXAM REVIEW
QUESTIONS AND ANSWERS LATEST UPDATE 2024
VERIFIED ANSWERS.
1. The listing is always taken in the name of the _________ and becomes the
property of the
___________.
A. Broker—salesperson
B. Salesperson—seller
C. Broker—broker
D. Broker—seller - correct answers ✅C. Broker- broker
A deed is used to transfer ownership of real estate. A bill of sale would be
used to transfer ownership
of:
A. A mortgage
B. Personal property
,C. A deed of trust
D. A house and 2 acres of land - correct answers ✅B. Personal property
The life tenant in a life estate is not allowed to:
A. Pay the property tax on the property
B. Commit waste by destroying or harming the property
C. Lease the property and keep the rent
D. Improve the property - correct answers ✅B. Commit waste by destroying
or harming the property
The Education Standards Advisory Committee is made up of:
A. 12 members
B. 13 members
C. 9 members
D. 14 members - correct answers ✅A. 12 members
The government receives the authority to take the property of one who dies
without a will and without
,heirs by virtue of:
A. Laws of agency
B. Eminent domain
C. Police power
D. Escheat - correct answers ✅D. Escheat
Which of the following land description methods identifies a parcel of land
by specifying its shape and
boundaries?
A. Metes and bounds
B. Government survey
C. Recorded plat
D. Assessor's parcel number - correct answers ✅A. Metes and bounds
When someone owns property to the exclusion of all other persons, this
person is said to hold the
property in:
A. Personality
B. Severalty
, C. Common
D. Secret - correct answers ✅B. Severalty
One who is given a power-of-attorney that allows them to sign the name of
a principal to a contract of
sale is a(n):
A. Attorney-in-fact
B. Broker with a listing
C. Special agent
D. Attorney at law - correct answers ✅A. Attorney-in-fact
TRELA does not apply to:
A. An attorney licensed in this state
B. An on-site manager of an apartment complex
C. A public official while engaged in official duties
D. All of the above - correct answers ✅D. All of the above
The most widely recognized aspect of joint tenancy is the:
QUESTIONS AND ANSWERS LATEST UPDATE 2024
VERIFIED ANSWERS.
1. The listing is always taken in the name of the _________ and becomes the
property of the
___________.
A. Broker—salesperson
B. Salesperson—seller
C. Broker—broker
D. Broker—seller - correct answers ✅C. Broker- broker
A deed is used to transfer ownership of real estate. A bill of sale would be
used to transfer ownership
of:
A. A mortgage
B. Personal property
,C. A deed of trust
D. A house and 2 acres of land - correct answers ✅B. Personal property
The life tenant in a life estate is not allowed to:
A. Pay the property tax on the property
B. Commit waste by destroying or harming the property
C. Lease the property and keep the rent
D. Improve the property - correct answers ✅B. Commit waste by destroying
or harming the property
The Education Standards Advisory Committee is made up of:
A. 12 members
B. 13 members
C. 9 members
D. 14 members - correct answers ✅A. 12 members
The government receives the authority to take the property of one who dies
without a will and without
,heirs by virtue of:
A. Laws of agency
B. Eminent domain
C. Police power
D. Escheat - correct answers ✅D. Escheat
Which of the following land description methods identifies a parcel of land
by specifying its shape and
boundaries?
A. Metes and bounds
B. Government survey
C. Recorded plat
D. Assessor's parcel number - correct answers ✅A. Metes and bounds
When someone owns property to the exclusion of all other persons, this
person is said to hold the
property in:
A. Personality
B. Severalty
, C. Common
D. Secret - correct answers ✅B. Severalty
One who is given a power-of-attorney that allows them to sign the name of
a principal to a contract of
sale is a(n):
A. Attorney-in-fact
B. Broker with a listing
C. Special agent
D. Attorney at law - correct answers ✅A. Attorney-in-fact
TRELA does not apply to:
A. An attorney licensed in this state
B. An on-site manager of an apartment complex
C. A public official while engaged in official duties
D. All of the above - correct answers ✅D. All of the above
The most widely recognized aspect of joint tenancy is the:
