LEASING AGENT EXAM QUESTIONS
WITH CORRECT ANSWERS
real /property /includes /- /verified /answer(s)-✔✔airspace
air /rights /are /defined /as /- /verified /answer(s)-✔✔extending /into /infinity
land /ownership /includes /- /verified /answer(s)-✔✔subsurface /rights
anything /affixed /to /the /land /with /the /intent /of /being /permanent /is /- /verified /answer(s)-
✔✔real /property
which /of /the /following /is /a /test /of /whether /an /item /is /a /fixture /- /verified /answer(s)-
✔✔method /of /attachment
a /contract /is /void /if /it /- /verified /answer(s)-✔✔has /an /illegal /purpose
the /law /that /requires /certain /contracts /be /in /writing /in /order /to /be /enforceable /is /the /-
verified /answer(s)-✔✔Statute /of /Frauds
/
every /real /estate /contract /must /have /an /- /verified /answer(s)-✔✔offer /and /acceptance
The /landlord /is /offering /his /apartments /for /rent, /month-month. /He /plans /to /cancel /all /leases
/in /three /months /to /begin /a /major /renovation. /The /landlord /tells /tenants /he /foresees /no
/change /and /that /they /can /expect /to /remain /in /the /building /as /long /as /they /choose. /The
landlords /statement: /- /verified /answer(s)-✔✔constitutes /fraud
/
, if /the /tenant /signs /the /contract /under /duress, /menace /or /undue /influence /the /contract /is
usually /- /verified /answer(s)-✔✔voidable /by /the /tenant
/
the /statute /of /frauds /requires /that /real /estate /contracts /be /- /verified /answer(s)-✔✔in /writing
/in /order /to /be /enforceable
After /the /tenant /and /the /landlord /have /signed /a /rental /contract, /the /landlord /changes /her
/mind /and /defaults. /The /tenant /sues /the /landlord /to /force /her /to /go /through /with /the /lease
contract. /This /is /known /as /a /suit /for /- /verified /answer(s)-✔✔specific /performance
/
which /of /the /following /best /describes /a /contract /that /is /voidable /- /verified /answer(s)-✔✔a
/contract /that /lets /one /of /the /parties /withdraw /from /it
A /tenant /makes /an /oral /offer /to /lease /a /house /from /an /owner /for /two /years. /The /owner
/orally /accepts /the /offer. /Which /of /the /following /statements /is /true? /- /verified /answer(s)-
✔✔the /contract /is /unenforceable
which /of /the /following /is /essential /to /the /creation /of /a /contract /- /verified /answer(s)-
✔✔acceptance
an /owner /rents /a /farm /to /a /tenant /for /one /year. /to /be /valid, /the /contract /must /include /-
verified /answer(s)-✔✔consideration
/
when /two /or /more /persons /enter /into /a /contract, /either /orally /or /in /writing, /it /is /called /-
verified /answer(s)-✔✔an /express /contract
/
a /contract /that /results /when /a /promise /is /exchanged /for /a /promise /is /called /a /- /verified
answer(s)-✔✔bilateral /contract
/
WITH CORRECT ANSWERS
real /property /includes /- /verified /answer(s)-✔✔airspace
air /rights /are /defined /as /- /verified /answer(s)-✔✔extending /into /infinity
land /ownership /includes /- /verified /answer(s)-✔✔subsurface /rights
anything /affixed /to /the /land /with /the /intent /of /being /permanent /is /- /verified /answer(s)-
✔✔real /property
which /of /the /following /is /a /test /of /whether /an /item /is /a /fixture /- /verified /answer(s)-
✔✔method /of /attachment
a /contract /is /void /if /it /- /verified /answer(s)-✔✔has /an /illegal /purpose
the /law /that /requires /certain /contracts /be /in /writing /in /order /to /be /enforceable /is /the /-
verified /answer(s)-✔✔Statute /of /Frauds
/
every /real /estate /contract /must /have /an /- /verified /answer(s)-✔✔offer /and /acceptance
The /landlord /is /offering /his /apartments /for /rent, /month-month. /He /plans /to /cancel /all /leases
/in /three /months /to /begin /a /major /renovation. /The /landlord /tells /tenants /he /foresees /no
/change /and /that /they /can /expect /to /remain /in /the /building /as /long /as /they /choose. /The
landlords /statement: /- /verified /answer(s)-✔✔constitutes /fraud
/
, if /the /tenant /signs /the /contract /under /duress, /menace /or /undue /influence /the /contract /is
usually /- /verified /answer(s)-✔✔voidable /by /the /tenant
/
the /statute /of /frauds /requires /that /real /estate /contracts /be /- /verified /answer(s)-✔✔in /writing
/in /order /to /be /enforceable
After /the /tenant /and /the /landlord /have /signed /a /rental /contract, /the /landlord /changes /her
/mind /and /defaults. /The /tenant /sues /the /landlord /to /force /her /to /go /through /with /the /lease
contract. /This /is /known /as /a /suit /for /- /verified /answer(s)-✔✔specific /performance
/
which /of /the /following /best /describes /a /contract /that /is /voidable /- /verified /answer(s)-✔✔a
/contract /that /lets /one /of /the /parties /withdraw /from /it
A /tenant /makes /an /oral /offer /to /lease /a /house /from /an /owner /for /two /years. /The /owner
/orally /accepts /the /offer. /Which /of /the /following /statements /is /true? /- /verified /answer(s)-
✔✔the /contract /is /unenforceable
which /of /the /following /is /essential /to /the /creation /of /a /contract /- /verified /answer(s)-
✔✔acceptance
an /owner /rents /a /farm /to /a /tenant /for /one /year. /to /be /valid, /the /contract /must /include /-
verified /answer(s)-✔✔consideration
/
when /two /or /more /persons /enter /into /a /contract, /either /orally /or /in /writing, /it /is /called /-
verified /answer(s)-✔✔an /express /contract
/
a /contract /that /results /when /a /promise /is /exchanged /for /a /promise /is /called /a /- /verified
answer(s)-✔✔bilateral /contract
/
