ASREB EXAM 2020 (2025) Actual
Exam Questions and Answers A+
Graded
Wetlands .= .- .CORRECT .ANSWER-Police .Power
Confidentiality .= .- .CORRECT .ANSWER-Loyalty .and .last .forever
Brownfields .= .- .CORRECT .ANSWER-Land .with .hazardous .substance
Friable .= .- .CORRECT .ANSWER-Asbestos
Compensatory .Damages .- .CORRECT .ANSWER-Actual .damage
Type .2 .water .rights .can .be.... .- .CORRECT .ANSWER-Sold .with .the .land
Sub .division .- .CORRECT .ANSWER-6 .or .more .lots .less .than .36 .acres
Nominee .- .CORRECT .ANSWER-To .remain .anonymous .in .a .contract
Future .Lien .possibly.... .- .CORRECT .ANSWER-Mechanics .Lien
Written .words .in .a .contract .____________________ .the .pre-printed .boilerplate. .-
.CORRECT .ANSWER-Supersede
Who .makes .the .ocunter-offer? .- .CORRECT .ANSWER-The .Offeror
3 .Grandfathered .Rights .- .CORRECT .ANSWER-1.
2.
3.
2 .types .of .water .- .CORRECT .ANSWER-Ground .and .surface. .ADWR
Loss .Payee .- .CORRECT .ANSWER-1st .to .be .paid .in .insurance .claim
.*a .CLUE .report .is .a .5 .year .insurance .claim .history*
3 .General .Liens .- .CORRECT .ANSWER-Judgement, .IRS, .Decedents .debts
_________ .days .to .cancel .a .lease .after .a .fire .(or .other .casualty) .- .CORRECT
.ANSWER-14 .(days)
, Water .+ .Time .= .- .CORRECT .ANSWER-Mold
Max .$__________ .in .a .broker .trust .account .for .bank .fees .- .CORRECT .ANSWER-
3000
Must .remove .interest .from .broker .trust .account .after .________ .year .and
.__________ .or ._________ .may .have .the .interst .- .CORRECT .ANSWER-One.....
.client .(or) .broker
_______________ .________________ .supervises .you .always, .even .in .a .property
.management .question. .- .CORRECT .ANSWER-Designated .Broker
Who .pays .you? .- .CORRECT .ANSWER-Employing .broker
For .underground .utilities .call.... .- .CORRECT .ANSWER-811
Oral .lease .begins .when? .- .CORRECT .ANSWER-When .we .speak.
Impound .is .not .a .____________ .to .____________. .- .CORRECT .ANSWER-debit .to
.seller
When .is .the .only .time .to .credit .to .seller? .- .CORRECT .ANSWER-When .the .seller
.repays .the .for .the .entire .year
USDA .zero .down .- .CORRECT .ANSWER-Rural .loan
What .is .not .a .part .of .property .management .budget? .- .CORRECT .ANSWER-Roof
.replacement
Who .is .responsible .for .disclosing .fissures? .- .CORRECT .ANSWER-Broker .and
.Licensee
What .is .appurtenant .to .a .condo? .- .CORRECT .ANSWER-Cabinets
Title .insurance .and .security .deposits .are .not .___________ .- .CORRECT
.ANSWER-Prorated
When .moving .in .use ._______-_____ .form .to .specify .damages. .- .CORRECT
.ANSWER-Move .- .in
Non-Recourse .loan .- .CORRECT .ANSWER-Not .a .benefit .to .a .lender
UCC .- .CORRECT .ANSWER-Personal .Property
What .is .always .a .personal .property .to .a .business? .- .CORRECT .ANSWER-Trade
.fixtures
Exam Questions and Answers A+
Graded
Wetlands .= .- .CORRECT .ANSWER-Police .Power
Confidentiality .= .- .CORRECT .ANSWER-Loyalty .and .last .forever
Brownfields .= .- .CORRECT .ANSWER-Land .with .hazardous .substance
Friable .= .- .CORRECT .ANSWER-Asbestos
Compensatory .Damages .- .CORRECT .ANSWER-Actual .damage
Type .2 .water .rights .can .be.... .- .CORRECT .ANSWER-Sold .with .the .land
Sub .division .- .CORRECT .ANSWER-6 .or .more .lots .less .than .36 .acres
Nominee .- .CORRECT .ANSWER-To .remain .anonymous .in .a .contract
Future .Lien .possibly.... .- .CORRECT .ANSWER-Mechanics .Lien
Written .words .in .a .contract .____________________ .the .pre-printed .boilerplate. .-
.CORRECT .ANSWER-Supersede
Who .makes .the .ocunter-offer? .- .CORRECT .ANSWER-The .Offeror
3 .Grandfathered .Rights .- .CORRECT .ANSWER-1.
2.
3.
2 .types .of .water .- .CORRECT .ANSWER-Ground .and .surface. .ADWR
Loss .Payee .- .CORRECT .ANSWER-1st .to .be .paid .in .insurance .claim
.*a .CLUE .report .is .a .5 .year .insurance .claim .history*
3 .General .Liens .- .CORRECT .ANSWER-Judgement, .IRS, .Decedents .debts
_________ .days .to .cancel .a .lease .after .a .fire .(or .other .casualty) .- .CORRECT
.ANSWER-14 .(days)
, Water .+ .Time .= .- .CORRECT .ANSWER-Mold
Max .$__________ .in .a .broker .trust .account .for .bank .fees .- .CORRECT .ANSWER-
3000
Must .remove .interest .from .broker .trust .account .after .________ .year .and
.__________ .or ._________ .may .have .the .interst .- .CORRECT .ANSWER-One.....
.client .(or) .broker
_______________ .________________ .supervises .you .always, .even .in .a .property
.management .question. .- .CORRECT .ANSWER-Designated .Broker
Who .pays .you? .- .CORRECT .ANSWER-Employing .broker
For .underground .utilities .call.... .- .CORRECT .ANSWER-811
Oral .lease .begins .when? .- .CORRECT .ANSWER-When .we .speak.
Impound .is .not .a .____________ .to .____________. .- .CORRECT .ANSWER-debit .to
.seller
When .is .the .only .time .to .credit .to .seller? .- .CORRECT .ANSWER-When .the .seller
.repays .the .for .the .entire .year
USDA .zero .down .- .CORRECT .ANSWER-Rural .loan
What .is .not .a .part .of .property .management .budget? .- .CORRECT .ANSWER-Roof
.replacement
Who .is .responsible .for .disclosing .fissures? .- .CORRECT .ANSWER-Broker .and
.Licensee
What .is .appurtenant .to .a .condo? .- .CORRECT .ANSWER-Cabinets
Title .insurance .and .security .deposits .are .not .___________ .- .CORRECT
.ANSWER-Prorated
When .moving .in .use ._______-_____ .form .to .specify .damages. .- .CORRECT
.ANSWER-Move .- .in
Non-Recourse .loan .- .CORRECT .ANSWER-Not .a .benefit .to .a .lender
UCC .- .CORRECT .ANSWER-Personal .Property
What .is .always .a .personal .property .to .a .business? .- .CORRECT .ANSWER-Trade
.fixtures
