Nebraska Real Estate SAMPLE Test Questions with 100% Correct Answers

Nebraska Real Estate SAMPLE Test Questions with 100% Correct Answers The earth's surface extending downward to the center of the earth and upward into space, including all things permanently attached, is known as: A) Real Property B) Real Estate C) Land D) A bundle of legal rights - Answer- D) A bundle of legal rights Moveable objects, which are not considered real estate, are known as: A) Real property B) Personal property C) Fixtures D) Emblements - Answer- B) Personal Property The permanent right to use another's land for the benefit of a neighboring parcel is known as: A) An easement in gross B) An appurtenant easement C) An easement by necessity D) A license - Answer- B) An appurtenant easement The ownership of property by one person only is known as: A) severalty B) joint tenancy C) tenancy in common D) tenancy by entirety - Answer- A) Severalty A condensed history of a title to a particular piece of real estate, including a summary of the original grant, and all subsequent conveyances and encumbrances affecting the property, is known as the: A) abstract of title B) evidence of title C) certificate of title D) chain of title - Answer- A) Abstract of title The illegal practice of inducing homeowners to sell their properties by making representations about the prospective entry of persons of a certain race/national origin into the neighborhood is also called: A) redlining B) blockbusting C) commingling D) steering - Answer- B) Blockbusting The term for something that grants the right to use another's land for a specific purpose, and is considered an incorporeal interest in land is: A) an encumbrance B) an easement C) an encroachment D) an equitable lien - Answer- B) an easement The clauses in a deed that limit the future uses of a property are known as: A) acknowledgements B) granting clauses C) words of conveyance D) deed restrictions - Answer- D) Deed restrictions The loss of value in any property, regardless of the specific cause, in an appraisal, is known as: A) descent B) functional obsolescence C) physical deterioration D) depreciation - Answer- D) depreciation A person who has complete control over a parcel of real estate is said to own a: A) leasehold estate B) fee simple estate C) defeasible fee estate D) life estate - Answer- B) fee simple estate The law that requires real estate contracts to be in writing to be enforceable is the: A) statute of frauds B) statute of limitations C) law of descent and distribution D) parole evidence rule - Answer- A) statute of frauds The effort that brings about the desired result in a re