Sales pre-License Exam Questions With Accurate Solutions
An article installed by a tenant under a commercial lease and is removable
prior to the expiration of the lease is a: - accurate answers-Trade fixture
Personal property that is converted to real property by being permanently
attached to the Real Estate is a: - accurate answers-Fixture
Another name for personal property is - accurate answers-Chattel
Annual growing crops, such as corn, that remains personal property are called
- accurate answers-Emblements
The term for conversion of real property to personal property is - accurate
answers-Severance
The deed of re-conveyance is signed by the - accurate answers-Trustee
A multi unit residential building owned by a corporate corporation and
operated on behalf of the other stockholder/tenant who hold proprietary
leases is a - accurate answers-Cooperative
A multi unit development in which owners own their unit separately and
share ownership of common facilities is a - accurate answers-Condominium
Value and owner has in property over and above any indebtedness is -
accurate answers-Equity
An agent who has agreed to represent a principal in one business transaction
has created which type of agency? - accurate answers-Special agency
Non-fraudulent exaggeration of the properties benefits or features is -
accurate answers-Puffing
The individual who hires and delegates to the agent the responsibilities of
representing his or her interest in the - accurate answers-Principal
That establishment of an agency relationship as a result of the actions of the
parties which indicates mutual consent is - accurate answers-Implied agency
, If an agent represents two parties simultaneously, it creates which type of
agency - accurate answers-Dual agency
The discovery that a murder, suicide or death occurred on a property results
in the property being regarded as - accurate answers-Stigmatized property
A house with a structural defect is an example of a - accurate answers-Latent
defect
When he broker misappropriates trust funds, it is called - accurate answers-
Conversion
The broker who starts and on interrupted chain of events that results in the
sale of the property is considered though - accurate answers-Procuring cause
The amount of a brokers compensation is always negotiable because of the -
accurate answers-Sherman Antitrust Act
The Americans with disability act only guarantees accommodations which are
- accurate answers-Reasonable
A listing agreement under which the seller must pay the broker commission
regardless of who sells the property is an - accurate answers-Exclusive right
to sell
A comparison of the sale price of similar properties by a real estate agent as a
- accurate answers-Comparative market analysis
A listing of where the principal enlists the services of numerous brokers is an -
accurate answers-Open listing
In a typical buyer agency agreement, the buyer is the - accurate answers-
Principal
The listing agreement is a contract between the seller and the - accurate
answers-Broker
An article installed by a tenant under a commercial lease and is removable
prior to the expiration of the lease is a: - accurate answers-Trade fixture
Personal property that is converted to real property by being permanently
attached to the Real Estate is a: - accurate answers-Fixture
Another name for personal property is - accurate answers-Chattel
Annual growing crops, such as corn, that remains personal property are called
- accurate answers-Emblements
The term for conversion of real property to personal property is - accurate
answers-Severance
The deed of re-conveyance is signed by the - accurate answers-Trustee
A multi unit residential building owned by a corporate corporation and
operated on behalf of the other stockholder/tenant who hold proprietary
leases is a - accurate answers-Cooperative
A multi unit development in which owners own their unit separately and
share ownership of common facilities is a - accurate answers-Condominium
Value and owner has in property over and above any indebtedness is -
accurate answers-Equity
An agent who has agreed to represent a principal in one business transaction
has created which type of agency? - accurate answers-Special agency
Non-fraudulent exaggeration of the properties benefits or features is -
accurate answers-Puffing
The individual who hires and delegates to the agent the responsibilities of
representing his or her interest in the - accurate answers-Principal
That establishment of an agency relationship as a result of the actions of the
parties which indicates mutual consent is - accurate answers-Implied agency
, If an agent represents two parties simultaneously, it creates which type of
agency - accurate answers-Dual agency
The discovery that a murder, suicide or death occurred on a property results
in the property being regarded as - accurate answers-Stigmatized property
A house with a structural defect is an example of a - accurate answers-Latent
defect
When he broker misappropriates trust funds, it is called - accurate answers-
Conversion
The broker who starts and on interrupted chain of events that results in the
sale of the property is considered though - accurate answers-Procuring cause
The amount of a brokers compensation is always negotiable because of the -
accurate answers-Sherman Antitrust Act
The Americans with disability act only guarantees accommodations which are
- accurate answers-Reasonable
A listing agreement under which the seller must pay the broker commission
regardless of who sells the property is an - accurate answers-Exclusive right
to sell
A comparison of the sale price of similar properties by a real estate agent as a
- accurate answers-Comparative market analysis
A listing of where the principal enlists the services of numerous brokers is an -
accurate answers-Open listing
In a typical buyer agency agreement, the buyer is the - accurate answers-
Principal
The listing agreement is a contract between the seller and the - accurate
answers-Broker
