1
RAP PRACTICE QUESTIONS REAL EXAM GUIDE QUESTIONS
WITH CORRECT ANSWERS 2025 NEWEST UPDATE
Local zoning ordinances determining use of land and building may also determine - -answer--A)
All of these
B) Setbacks
C) Size
D) Location of Buildings
A company currently sells a third version of a non-implantable device introduced four years ago.
The company wishes to destroy records of second version. Which of the following is CORRECT?
A. All records can be destroyed
B. Mfging records can be destroyed
C. Sales records can be destroyed
D. No records can be destroyed - -answer--D. No records can be destroyed
A company plans to use risk management tools to analyze a manufacturing process in order to
identify high-risk and critical parameters. What type of analysis should be used?
A. Failure mode effects
B. Fault tree
C. Preliminary hazard
D. Process capability - -answer--A. Failure mode effects
, 2
A seller is attending the closing on his property. The title company has discovered an unsatisfied
M&M lien on the property. Which of the following is the most likely reason for the lien? - -
answer--plumbing work that was completed but never paid for
A listing agent went to inspect a seller's property hoping to list it for sale. The seller told the
listing agent that his neighbor's satellite dish trespasses on his property. This is an example of... -
-answer--encroachment
A father gives his son a life estate on a property. The son leases the property. The tenant dies.
What happens to the property? - -answer--it goes back to the son until he dies
A man leaves his second wife a life estate in their home after which the property goes to his
children from his first marriage. The children... - -answer--are remaindermen
Which of the following statements about an easement is true? - -answer--an easement is a
benefit to the dominant property owner
P, Q and R are joint tenants. P wants to sell the property, but Q and R do not. What can P do? - -
answer--file a suit for partition
A, B and C are joint tenants. C dies. B sells his share to D. What type of ownership do A and D
have? - -answer--tenants in common
Under what right can the government change property use from commercial to residential
only? - -answer--police power
Ownership of the common areas of condominiums is most likely to be: - -answer--tenancy in
common
, 3
What should a buyer do to ensure that his is getting the best title to real property? - -answer--
get a general warranty deed
Which covenant in a deed guarantees that the owners will not suffer or be disturbed by any
claims on the property? - -answer--the covenant of quiet enjoyment
Excess money at a foreclosure sale goes to... - -answer--the borrower
After defaulting on a real estate loan, a borrower is able to pay off the loan prior to the
foreclosure sale. This is called: - -answer--right of redemption
The required distance between buildings and a federally protected endangered species
wetlands is an example of... - -answer--a buffer zone
A couple purchased a condominium. The complex has an exercise room for all residents. The
couple does not use the exercise room and does not want to pay the monthly fee for the use of
the facility. What can they do to avoid this fee? - -answer--they must pay the fee as they have a
tenancy in common interest in all common areas
Which of the following is personal property? - -answer--a lease
A landlord leased space in his new retail property to an inexperienced business person. Based
on location and the type of business, the landlord believes it will be a great success. What type
of lease can he enter into with the tenant that will allow the landlord to benefit from the
tenant's success? - -answer--a percentage lease
A buyer has purchased a property and after closing the seller will continue to occupy the
property. This is an example of... - -answer--sale and leaseback
, 4
Your client will be able to qualify for a property they wish to purchase in about 6 months, after
they had an opportunity to reduce their consumer debt. They have found a property that they
would like to purchase now. What type of agreement can they enter into with a seller that will
allow them to occupy the property now and purchase it within the 6 months? - -answer--lease
with an option to buy
Tenants have signed a 3 year lease on a property. In the second year the owner dies and his
heirs inherit the property. They give the tenants notice to vacate. What is true? - -answer--the
tenants can stay until the end of the lease
A developer decides to build a commercial property in the middle of a residential subdivision.
What is required? - -answer--a variance
A zoning ordinance would affect which of the following? - -answer--the concentration of
housing in a residential area
If a person dies without a will, who receives their estate? - -answer--spouse and children
What are the requirements/ criteria for real estate to have values? - -answer--demand, utility,
scarcity, transferability
What principle of value defines the most important factor for appraisal? - -answer--highest and
best use
What approach would an appraiser most likely use to value a residential rent house in
neighborhood where a majority of the homes are leased? - -answer--income approach
A licensed broker is advertising that he will perform a free appraisal if you contact him for a
listing appointment. He is not in violation of the law... - -answer--if he is a licensed appraiser
RAP PRACTICE QUESTIONS REAL EXAM GUIDE QUESTIONS
WITH CORRECT ANSWERS 2025 NEWEST UPDATE
Local zoning ordinances determining use of land and building may also determine - -answer--A)
All of these
B) Setbacks
C) Size
D) Location of Buildings
A company currently sells a third version of a non-implantable device introduced four years ago.
The company wishes to destroy records of second version. Which of the following is CORRECT?
A. All records can be destroyed
B. Mfging records can be destroyed
C. Sales records can be destroyed
D. No records can be destroyed - -answer--D. No records can be destroyed
A company plans to use risk management tools to analyze a manufacturing process in order to
identify high-risk and critical parameters. What type of analysis should be used?
A. Failure mode effects
B. Fault tree
C. Preliminary hazard
D. Process capability - -answer--A. Failure mode effects
, 2
A seller is attending the closing on his property. The title company has discovered an unsatisfied
M&M lien on the property. Which of the following is the most likely reason for the lien? - -
answer--plumbing work that was completed but never paid for
A listing agent went to inspect a seller's property hoping to list it for sale. The seller told the
listing agent that his neighbor's satellite dish trespasses on his property. This is an example of... -
-answer--encroachment
A father gives his son a life estate on a property. The son leases the property. The tenant dies.
What happens to the property? - -answer--it goes back to the son until he dies
A man leaves his second wife a life estate in their home after which the property goes to his
children from his first marriage. The children... - -answer--are remaindermen
Which of the following statements about an easement is true? - -answer--an easement is a
benefit to the dominant property owner
P, Q and R are joint tenants. P wants to sell the property, but Q and R do not. What can P do? - -
answer--file a suit for partition
A, B and C are joint tenants. C dies. B sells his share to D. What type of ownership do A and D
have? - -answer--tenants in common
Under what right can the government change property use from commercial to residential
only? - -answer--police power
Ownership of the common areas of condominiums is most likely to be: - -answer--tenancy in
common
, 3
What should a buyer do to ensure that his is getting the best title to real property? - -answer--
get a general warranty deed
Which covenant in a deed guarantees that the owners will not suffer or be disturbed by any
claims on the property? - -answer--the covenant of quiet enjoyment
Excess money at a foreclosure sale goes to... - -answer--the borrower
After defaulting on a real estate loan, a borrower is able to pay off the loan prior to the
foreclosure sale. This is called: - -answer--right of redemption
The required distance between buildings and a federally protected endangered species
wetlands is an example of... - -answer--a buffer zone
A couple purchased a condominium. The complex has an exercise room for all residents. The
couple does not use the exercise room and does not want to pay the monthly fee for the use of
the facility. What can they do to avoid this fee? - -answer--they must pay the fee as they have a
tenancy in common interest in all common areas
Which of the following is personal property? - -answer--a lease
A landlord leased space in his new retail property to an inexperienced business person. Based
on location and the type of business, the landlord believes it will be a great success. What type
of lease can he enter into with the tenant that will allow the landlord to benefit from the
tenant's success? - -answer--a percentage lease
A buyer has purchased a property and after closing the seller will continue to occupy the
property. This is an example of... - -answer--sale and leaseback
, 4
Your client will be able to qualify for a property they wish to purchase in about 6 months, after
they had an opportunity to reduce their consumer debt. They have found a property that they
would like to purchase now. What type of agreement can they enter into with a seller that will
allow them to occupy the property now and purchase it within the 6 months? - -answer--lease
with an option to buy
Tenants have signed a 3 year lease on a property. In the second year the owner dies and his
heirs inherit the property. They give the tenants notice to vacate. What is true? - -answer--the
tenants can stay until the end of the lease
A developer decides to build a commercial property in the middle of a residential subdivision.
What is required? - -answer--a variance
A zoning ordinance would affect which of the following? - -answer--the concentration of
housing in a residential area
If a person dies without a will, who receives their estate? - -answer--spouse and children
What are the requirements/ criteria for real estate to have values? - -answer--demand, utility,
scarcity, transferability
What principle of value defines the most important factor for appraisal? - -answer--highest and
best use
What approach would an appraiser most likely use to value a residential rent house in
neighborhood where a majority of the homes are leased? - -answer--income approach
A licensed broker is advertising that he will perform a free appraisal if you contact him for a
listing appointment. He is not in violation of the law... - -answer--if he is a licensed appraiser
