Tennessee National Portion REAL
ESTATE EXAM 2025/2026 EXAM
QUESTIONS AND ANSWERS | 100%
PASS
A corporation is - 🧠 ANSWER ✔✔a legal entity that can buy and sell real
estate as set out in its charter.
Ownership in severalty is - 🧠 ANSWER ✔✔property owned by one
individual or corporation.
A house is owned by three joint tenants, and one of the owners, as
permitted by state law, sells that interest to a new owner. The result is a - 🧠
ANSWER ✔✔tenancy in common between the new owner and the
remaining joint tenants
The owner of a condominium unit learns that a neighbor has failed to pay
real estate taxes. If this neighbor does not pay the taxes, - 🧠 ANSWER
✔✔a lien can be filed against the neighbor's unit and percentage of the
common elements.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
1
,Real properties owned by public entities, such as cities, counties, states,
and public agencies are generally - 🧠 ANSWER ✔✔owned in severalty
The partition of property that is owned concurrently can be accomplished
by - 🧠 ANSWER ✔✔court action
A fee simple estate may be held - 🧠 ANSWER ✔✔in three basic ways
Eight heirs are now the owners of a farm as tenants in common. This
means that use of the property can be determined by agreement of - 🧠
ANSWER ✔✔all the owners.
When parties own property as tenants in common, each owner - 🧠
ANSWER ✔✔has equal rights of possession with the other owners.
A person who owns one unit in a multiunit structure together with a
specified undivided interest in the common elements owns a - 🧠 ANSWER
✔✔condominium
A trust is a device by which one person transfers ownership of property to
someone else to hold or manage for - 🧠 ANSWER ✔✔the benefit of a third
party.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
2
,Joint tenancy is - 🧠 ANSWER ✔✔a form of concurrent ownership of
property that is available to two or more people, whether married or
unmarried.
Property owned by a married person can belong to - 🧠 ANSWER ✔✔the
spouses together or be the separate property of one spouse.
An ownership interest that is based on annual occupancy intervals is a - 🧠
ANSWER ✔✔time share.
Depending on the type of trust and its purpose, the trustor, trustee, and
beneficiary can all be either - 🧠 ANSWER ✔✔people or legal entities.
A deed conveying land on a one-third and two-thirds share basis
establishes a - 🧠 ANSWER ✔✔tenancy in common
An advantage of cooperative ownership of a dwelling is that - 🧠 ANSWER
✔✔there are income tax advantages.
The term severalty comes from the fact that - 🧠 ANSWER ✔✔a sole owner
is severed or cut off from other owners.
Which of the following is NOT a form of co-ownership? - 🧠 ANSWER
✔✔Ownership in severalty
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, If a shareholder in a cooperative defaults in maintenance payments, - 🧠
ANSWER ✔✔the burden of the default falls on the remaining shareholders.
Once a property is established as a condominium, each unit becomes a
separate parcel of real estate that is owned in fee simple and may be held
by - 🧠 ANSWER ✔✔one or more persons in any type of ownership or
tenancy recognized by state law.
Three people are joint tenants with rights of survivorship in a tract of land.
One owner conveys his interest to a friend. Which statement is TRUE? - 🧠
ANSWER ✔✔The other two owners remain joint tenants.
The forms of property ownership are controlled by - 🧠 ANSWER ✔✔the
state
An ownership interest that can be an estate interest or a right of use is a - 🧠
ANSWER ✔✔time share.
One of the distinguishing characteristics of a land trust is that public
records usually - 🧠 ANSWER ✔✔do not name the beneficiary
The real property interest that takes the form of personal property is - 🧠
ANSWER ✔✔the cooperative unit ownership.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
4
ESTATE EXAM 2025/2026 EXAM
QUESTIONS AND ANSWERS | 100%
PASS
A corporation is - 🧠 ANSWER ✔✔a legal entity that can buy and sell real
estate as set out in its charter.
Ownership in severalty is - 🧠 ANSWER ✔✔property owned by one
individual or corporation.
A house is owned by three joint tenants, and one of the owners, as
permitted by state law, sells that interest to a new owner. The result is a - 🧠
ANSWER ✔✔tenancy in common between the new owner and the
remaining joint tenants
The owner of a condominium unit learns that a neighbor has failed to pay
real estate taxes. If this neighbor does not pay the taxes, - 🧠 ANSWER
✔✔a lien can be filed against the neighbor's unit and percentage of the
common elements.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
1
,Real properties owned by public entities, such as cities, counties, states,
and public agencies are generally - 🧠 ANSWER ✔✔owned in severalty
The partition of property that is owned concurrently can be accomplished
by - 🧠 ANSWER ✔✔court action
A fee simple estate may be held - 🧠 ANSWER ✔✔in three basic ways
Eight heirs are now the owners of a farm as tenants in common. This
means that use of the property can be determined by agreement of - 🧠
ANSWER ✔✔all the owners.
When parties own property as tenants in common, each owner - 🧠
ANSWER ✔✔has equal rights of possession with the other owners.
A person who owns one unit in a multiunit structure together with a
specified undivided interest in the common elements owns a - 🧠 ANSWER
✔✔condominium
A trust is a device by which one person transfers ownership of property to
someone else to hold or manage for - 🧠 ANSWER ✔✔the benefit of a third
party.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
2
,Joint tenancy is - 🧠 ANSWER ✔✔a form of concurrent ownership of
property that is available to two or more people, whether married or
unmarried.
Property owned by a married person can belong to - 🧠 ANSWER ✔✔the
spouses together or be the separate property of one spouse.
An ownership interest that is based on annual occupancy intervals is a - 🧠
ANSWER ✔✔time share.
Depending on the type of trust and its purpose, the trustor, trustee, and
beneficiary can all be either - 🧠 ANSWER ✔✔people or legal entities.
A deed conveying land on a one-third and two-thirds share basis
establishes a - 🧠 ANSWER ✔✔tenancy in common
An advantage of cooperative ownership of a dwelling is that - 🧠 ANSWER
✔✔there are income tax advantages.
The term severalty comes from the fact that - 🧠 ANSWER ✔✔a sole owner
is severed or cut off from other owners.
Which of the following is NOT a form of co-ownership? - 🧠 ANSWER
✔✔Ownership in severalty
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, If a shareholder in a cooperative defaults in maintenance payments, - 🧠
ANSWER ✔✔the burden of the default falls on the remaining shareholders.
Once a property is established as a condominium, each unit becomes a
separate parcel of real estate that is owned in fee simple and may be held
by - 🧠 ANSWER ✔✔one or more persons in any type of ownership or
tenancy recognized by state law.
Three people are joint tenants with rights of survivorship in a tract of land.
One owner conveys his interest to a friend. Which statement is TRUE? - 🧠
ANSWER ✔✔The other two owners remain joint tenants.
The forms of property ownership are controlled by - 🧠 ANSWER ✔✔the
state
An ownership interest that can be an estate interest or a right of use is a - 🧠
ANSWER ✔✔time share.
One of the distinguishing characteristics of a land trust is that public
records usually - 🧠 ANSWER ✔✔do not name the beneficiary
The real property interest that takes the form of personal property is - 🧠
ANSWER ✔✔the cooperative unit ownership.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
4
