EXAM (2025/2026) ALL COMPLETE QUESTIONS
AND DETAILED CORRECT ANSWERS |EXPERT
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REAL ESTATE EXPRESS
Pass the Real Estate Express final exam 2025/2026 with confidence. This
exam resource features questions in areas like: contracts, escrow, title, and
closing procedures. This study guide is perfect for aspiring real estate agents
and brokers preparing for licensing or continuing education.
Real estate that includes non-physical interests, such as easements and
restrictions is known as __ ...... ANSWER ......Real Property
An item permanently attached to real property, such as an attached fence,
is included in the definition of real property.
Townships and sanctions ...... ANSWER ......A rectangular survey is
composed of Townships that are square tracts of land six miles on each
side. A township then is divided into 36 Sections which are square
tracts of land one mile on a side. One mile is 5,280 square feet. So,
5,280 x 5,280 = 27,878,400 square feet. An acre is 43,560 square feet so
one Section has (27,878,,560 = 640) acres.
What type of survey describes the perimeter of a tract of land. Its legal
description contains angles and distances. It begins at a reference point,
, moves to a Point of Beginning (POB); traverses the perimeter of the
property and returns to the POB. ...... ANSWER ......metes and bounds
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Eminent domain is the power of government to ...... ANSWER
......take private property for public use
eminent domain uses ...... ANSWER ......A public entity can employ
Eminent Domain to acquire private property FOR PUBLIC USE, not
to then sell to another private owner for private use. But PUBLICLY
OWNED property that has been acquired through Eminent Domain
can be LEASED to a private entity for a use that the public will have
access to, and the right to enjoyment such as a sports complex or
entertainment center.
what term refers to ownership of a single property by a single person or
an entity. ...... ANSWER ......ownership in severalty
When a person owns property in _______, they have the right of
exclusive occupancy (keep everyone else off); the right of enjoyment
without interference; and the right to waste, destroy or sell the property.
...... ANSWER ......fee simple
A fee simple owner does have the right to grant an easement to someone
to cross the property or use the property. A fee simple owner CANNOT
condemn his own property.
, If a Joint Tenant dies the Surviving Joint Tenants automatically acquire
the deceased interest per stirpes. Each receives a prorata share of the
deceased property. This is known as ...... ANSWER ......Right of
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Survivorship
A _____________ is an arrangement where a Trustors asset is transferred,
to benefit someone over time. A _____ is charged with managing the
Trust. A ______ is set up while the person establishing the trust, the
_____ , is alive. A _____ is one that is set up and becomes effective only
after the Trustor has died. ...... ANSWER ......beneficiary trust
trustee
living trust
trustor
testamentary trust
What is the downside to a business owning its own property? ......
ANSWER ......it must operate, maintain and repair the building and
pay all costs
What term is used to describe revocable permission for the temporary
private use of someone's property. ...... ANSWER ......a license
*a ticket to a sporting event held on private property would be a license.
What are the types of liens? ...... ANSWER ......voluntary and
involuntary
, Property taxes are involuntary. A judgment lien is involuntary. A
mechanic's lien is involuntary. A mortgage is a voluntary lien.
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When a deed is recorded, the purpose is to protect the owner's rights but
also to provide notice to any buyer regarding any liens or attachments
provided regarding the condition of the title of the property they are
buying. This is known as ...... ANSWER ......constructive notice
*The purpose of the recorded records at the court house is to provide
notice to all members of the community.
The primary purpose of a deed is to transfer title from a seller to a buyer.
The seller who believes he is transferring "marketable" title without any
problems will sign and deliver a _______. A seller who only wants to
warrant no problems during the period of time he owned the property
will provide a___________. A seller who does not want to guarantee
anything will simply sign a _______. ...... ANSWER ......General
Warranty Deed.
Special or Limited Warranty Deed.
Quit Claim Deed
Enforcing repayment of a lien: ...... ANSWER ......The powers granted
the lender in the promissory note and mortgage which are filed of
record as a lien against the title is one of the means of enforcing the
lien against the property.