1|Page | © copyright 2024/2025 | Grade A+
Barney Fletcher Real Estate Exam
Questions and Answers (100% Pass)
Assemblage
✓ combining two or more contiguous parcels of real estate into a single
parcel under one ownership
plottage
✓ an increase in value resulting from assemblage
fixture
✓ personal property that is permanently attached to real property and
goes with the property when its sold
what makes something a fixture
✓ if object was fixed or installed with the intention of improving the home
appurtenances
✓ when new fixtures are attached ex. heat/air, roof
have brokers license but are working for another broker
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ associate broker
principal/employing broker
✓ in charge of and responsible for all real estate operations conducted
by a real estate brokerage firm
which type of land description are the properties described as they relate to
meridians
✓ government / rectangular survey
alienation of title
✓ any change of ownership - transferring ownership rights or interests in
real property from one person to another
legal title
✓ right of ownership of a parcel of real property held by an owner
equitable title
✓ interest in a piece of real estate held by a buyer held under a contract
to obtain absolute ownership of the property at a future date
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
bare legal title
✓ lacks the usual rights and privileges associated with ownership
constructive notice
✓ information has been made available to the public
inquiry notice
✓ when factors exist that make someone inquire further
✓ ex. dirt road running across you would inquire whether there is an
easement in place
marketable title
✓ a title free from reasonable doubt as to who the owner is
abstract of title
✓ detailed report of the title search
torrens system
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ an owner petitions the state court to register his property
✓ transfer of land
allodial system
✓ individuals are able to own land
eminent domain
✓ right of govs to assume property for necessary public use
escheat
✓ power the gov has when someone dies intestate and leaves no known
heirs
PETE - powers of gov over title
✓ police power, eminent domain, taxation, escheat
encroachment
✓ unauthorized infringement on a property owners rights as a result of
physical intrusion
freehold estate
Master01 | October, 2024/2025 | Latest update
Barney Fletcher Real Estate Exam
Questions and Answers (100% Pass)
Assemblage
✓ combining two or more contiguous parcels of real estate into a single
parcel under one ownership
plottage
✓ an increase in value resulting from assemblage
fixture
✓ personal property that is permanently attached to real property and
goes with the property when its sold
what makes something a fixture
✓ if object was fixed or installed with the intention of improving the home
appurtenances
✓ when new fixtures are attached ex. heat/air, roof
have brokers license but are working for another broker
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ associate broker
principal/employing broker
✓ in charge of and responsible for all real estate operations conducted
by a real estate brokerage firm
which type of land description are the properties described as they relate to
meridians
✓ government / rectangular survey
alienation of title
✓ any change of ownership - transferring ownership rights or interests in
real property from one person to another
legal title
✓ right of ownership of a parcel of real property held by an owner
equitable title
✓ interest in a piece of real estate held by a buyer held under a contract
to obtain absolute ownership of the property at a future date
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
bare legal title
✓ lacks the usual rights and privileges associated with ownership
constructive notice
✓ information has been made available to the public
inquiry notice
✓ when factors exist that make someone inquire further
✓ ex. dirt road running across you would inquire whether there is an
easement in place
marketable title
✓ a title free from reasonable doubt as to who the owner is
abstract of title
✓ detailed report of the title search
torrens system
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ an owner petitions the state court to register his property
✓ transfer of land
allodial system
✓ individuals are able to own land
eminent domain
✓ right of govs to assume property for necessary public use
escheat
✓ power the gov has when someone dies intestate and leaves no known
heirs
PETE - powers of gov over title
✓ police power, eminent domain, taxation, escheat
encroachment
✓ unauthorized infringement on a property owners rights as a result of
physical intrusion
freehold estate
Master01 | October, 2024/2025 | Latest update
