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CT REAL ESTATE PRACTICE EXAM GENERAL EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE

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CT REAL ESTATE PRACTICE EXAM GENERAL EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE Practice questions for this set Terms in this set (136) Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following characteristics MOST likely explains the price difference? Situs How does a creditor who has obtained a judgment get satisfaction against a debtor who will not pay? Writ of execution What type of map is MOST useful for describing the terrain of a very hilly lot? Contour map A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant paid 1 month's rent and got a receipt. What kind of leasehold does the tenant have? Tenancy at will A major difference between freehold and nonfreehold estates is that all freehold estates are of indeterminable duration Real property can be converted to personal property by Severance A lawsuit for inverse condemnation may be brought by a homeowner A deed restriction is applicable to the activities of present and future owners. If conditions for purchase are included in a deed and these conditions are violated, what is the penalty? Return of the property to the original owner. The terms "littoral," "riparian," and "appropriative" refer to water rights. Which of the following BEST illustrates the concept and intent of a buffer zone? Garden apartments located between a single-family residential neighborhood and a shopping center. A property owner died, having willed his real property to his two daughters. There is still a chance that they could lose the land for a variety of reasons, but it CANNOT be taken through escheat An environmental impact statement typically describes the effects of a proposed project on factors such as public health and safety All of the following are methods to calculate the reproduction or replacement cost of a building EXCEPT the straight-line method Which of the following approaches MOST reliably estimates the sales price of a single-family residence? Market data A formal appraisal will ALWAYS be REQUIRED when the lender wants to sell the mortgage to the secondary market. According to the principle of progression, a three-bedroom, one-story home is MOST likely to bring the highest sales price if located in a neighborhood in which most homes are larger than the sale home. An appraiser MUST be licensed or certified to handle Federally related work on residential property valued at more than $250,000 A competitive market analysis is MOST often used for setting a listing price Which rule-of-thumb version is being offered to an investor who is told that a house renting for $900 a month should sell for about $90,000? GRM When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender, title is held by the mortgagor When the sellers are lending part of the purchase price, they may secure the debt either with a deed of trust or a mortgage. For the seller, one benefit of the deed of trust is that foreclosure is usually simpler and faster Regulation Z requires that the borrower be fully informed of all of the following EXCEPT the total interest The FHA functions MOST like an insurance company

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4/5/25, 6:45 Ct Real Estate Practice exam general |
PM
CT REAL ESTATE PRACTICE EXAM GENERAL EXAM QUESTIONS AND
ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE

Practice questions for this set


Learn 1/7 Study using Learn




What type of map is MOST useful for describing the terrain of a very hilly lot?



Select the correct definition


1Survey map
2Contour map




3Thematic map 4Plat map




Don't know?



Terms in this set (136)


Two lots of the same size are sold on a Situs
street. The lot on the corner sells for
$20,000 more than the lot in the middle
of the street. Which of the following
characteristics MOST likely explains the
price difference?

How does a creditor who has obtained a Writ of execution
judgment get satisfaction against a debtor
who will not pay?

What type of map is MOST useful for Contour map
describing the terrain of a very hilly lot?

A tenant rented an apartment, signing a Tenancy at will
15-month lease. After the lease expired,
the tenant paid 1 month's rent and got
a receipt. What kind of leasehold does
the tenant have?

A major difference between freehold and are of indeterminable duration
nonfreehold estates is that all freehold
estates

Real property can be converted to Severance
personal property by

A lawsuit for inverse condemnation may a homeowner
be brought by

A deed restriction is applicable to the present and future owners.
activities of




1/10

, 4/5/25, 6:45 Ct Real Estate Practice exam general |
PM
If conditions for purchase are included in Return of the property to the original owner.
a deed and these conditions are violated,
what is the penalty?

The terms "littoral," "riparian," and water rights.
"appropriative" refer to

Which of the following BEST illustrates the Garden apartments located between a single-family residential neighborhood
concept and intent of a buffer zone? and a shopping center.

A property owner died, having willed his escheat
real property to his two daughters. There
is still a chance that they could lose
the land for a variety of reasons, but
it CANNOT be taken through

An environmental impact statement public health and safety
typically describes the effects of a
proposed project on factors such as

All of the following are methods to straight-line method
calculate the reproduction or
replacement cost of a building EXCEPT
the

Which of the following approaches MOST Market data
reliably estimates the sales price of a
single-family residence?

A formal appraisal will ALWAYS be lender wants to sell the mortgage to the secondary market.
REQUIRED when the

According to the principle of most homes are larger than the sale home.
progression, a three-bedroom, one-
story home is
MOST likely to bring the highest sales
price if located in a neighborhood in
which
An appraiser MUST be licensed or $250,000
certified to handle Federally related work
on residential property valued at
more than

A competitive market analysis is MOST setting a listing price
often used for


Which rule-of-thumb version is being GRM
offered to an investor who is told that a
house renting for $900 a month should
sell for about $90,000?

When a property owner uses his home mortgagor
as collateral for a loan and creates a
lien in favor of the lender, title is held
by the
When the sellers are lending part of foreclosure is usually simpler and faster
the purchase price, they may secure the
debt either with a deed of trust or a
mortgage. For the seller, one benefit of
the deed of trust is that

Regulation Z requires that the the total interest
borrower be fully informed of all of
the following EXCEPT

The FHA functions MOST like an insurance company



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