Real Estate Principles Questions & 100
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% Correct Answers
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1. Zoningnisnundernthencontrolnof:
a. privatenparties.
b. governmentnagencies.
c. thenBureaunofnRealnEstate.
d. nonenofnthenabove.
✓ :~~ b.ngovernmentnagencies.
2. Easementsnappurtenantnarenfornthenbenefitnof:
a. homesteadednlandowners.
b. adjoiningn(neighboring)nlandowners.
c. thengeneralnpublic.
d. governmentnusenonly.
✓ :~~ b.nadjoiningn(neighboring)nlandowners.
3. Ancontractnthatnisnbindingnandnenforceableninnancourtnofnlawnisnsaidntonbe:
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a. proprietary.
b. illusory.
c. valid.
d. allnofnthenabove.
✓ :~~ c.nvalid.
4. Whonmakesnannoffernonnanpropertynthatnisnfornsale?
a. Seller'snagent
b. Offereen(Seller)
c. Offerorn(Buyer)
d. Allnoftnhenabove
✓ :~~ c.nOfferorn(Buyer)
5. Escrowsnbasenmonthlynprorationsnonnhownmanyndays?
a. 28
b. 29
c. 30
d. 31
Master01 | n n September,n2024/2025 |nLatestnupdate
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✓ :~~ c.n30
6. Thenprocessnofnproportionallyndividingnrents,npropertyntaxes,nandnfireninsuranceni
sncalled:
a. subdividing.
b. titlensplitting.
c. proration.
d. escrowndebiting
✓ :~~ c.nproration.
7. Thenareanofnanrectangularnlotnthatnisn50nfeetnwidenbyn100nfeetndeepn is:
a. 2,500nsq.nft.
b. 500nsq.nft.
c. 5,000nsq.nft.
d. 50,000nsq.nft
✓ :~~ c.n5,000nsq.nft.
8. IfnthenInternalnRevenuenServicenisnusingnanminimumnofn39nyearsnfornstraight-
linendepreciationnonncommercialnproperties,nwhatnwouldnbenthenannualndepreciationn
on
, Master01 |
n n September,n2024/2025 |nLatestnupdate