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Real Estate Salesperson License Exam Questions

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Real Estate Salesperson License Exam Questions

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Real Estate Salesperson License Exam
Questions
The fact that an individual must go to the land describes what physical characteristics of
land? - correct answer-Immobility

John and Mary are co-owners of a property. John has a 60% interest in the property and
Mary has 40%. What type of freehold estate do they have? - correct answer-Tenancy in
Common

A Property is surveyed to determine a legal description. The surveyor works from a point of
beginning, and measures terminal points and angles. What method of land description is he
using? - correct answer-Metes and Bounds

John leased space in a building and installed bookcases and ceiling fans in that space. His
lease will end soon. What will happen to the bookcases and fan? - correct answer-Because
they have been installed, the bookcases and fans are fixtures and have become part of the
property. He must leave them behind.

What is an example of involuntary, statutory, specific lien? - correct answer-Ad Valorem Tax
Lien

Buyer's agent has helped her buyers find a property. The sellers have installed a fountain in
the courtyard and the buyers have stressed tot heir agent that they want the fountain to be
included in the purchase. What should the buyers' agent do to ensure that her clients get the
fountain? - correct answer-The agent can include wording int he buyers' offer that indicates
the fountain is included in the sale.

All of the following are fixtures except?:
1. Shrubs
2. Pool
3. Tree
4. Land - correct answer-Land

Mary and John are married with grown children. Both are intestate. If John dies and Mary
becomes the owner of the home, what type of ownership did they have? - correct
answer-Tenancy by the Entirety

A one-half acre parcel of land in Manhattan, NY is worth considerably more than a one-half
acre parcel in White Plains, NY. This is an example of: - correct answer-Scarcity

What is the difference between an easement and a lien? - correct answer-Easement is a
right in land and a lien is not

, A seller shows his property with ceiling fans. After closing when the buyer enters the house
the ceiling fans have been removed and the wires are hanging down from the ceiling. What
best describes this situation? - correct answer-The seller cannot take the fans because they
are fixtures.

A married couple purchases property and takes title as Tenants by the Entirety. What is not
true about this? - correct answer-When the spouse dies their share will pass to their heirs
including but not limited to the surviving spouse.

The local government needs your land to build a new high school. They have the right to
take your land for the public good. What is this called? - correct answer-Eminent Domain

You have recently purchased property in an area regulated by zoning. It has come to your
attention that you have zoning violation on the property. What should you do? - correct
answer-Request a variance from the zoning board

One of the property owners in a subdivision is violating the deed restrictions. What can the
other property owners do to get him to comply? - correct answer-Seek an injunction from the
courts

Your property boarders a non-navigable waterway and you have riparian rights. You have
built a 10-foot pier at the waters edge. How do you measure your property? - correct
answer-To the middle of the waterway

Mary, a single woman, ha snow children. She owns real property and dies intestate. What
happens to her real property? - correct answer-The court will appoint an administrator and it
will be distributed to her heirs by the Law of Descent.

What is the best example of a buffer zone? - correct answer-Garden apartments between
single family homes and retail shops.

All of the following apply to water rights except? - correct answer-Prior appropriation

Main difference between Zoning and Master Planning? - correct answer-Zoning laws are
implementation and Master Planning is a process.

A property owner has a gas station on his land. The zoning committee changes the zoning to
R-1. What must a property owner do? - correct answer-Nothing. The property is
automatically considered a con-conforming use.

A property owner receives a notice that his land is an improvement district. What does this
mean? - correct answer-He wil l receive an additional tax bill.

A property owner has installed a chain link fence on his property. He has received an official
notice requiring the removal of this type of fence. This fence is most likely a violation of? -
correct answer-Deed Restrictions or Deed Covenants

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