QUESTIONS WITH 100% CORRECT
ANSWERS | LATEST VERSION 2025/2026.
Two friends hold title as joint tenants. One borrowed money and executed a deed of trust
against the property. In terms of affecting title this action could: - ANS Place the beneficiary
in a precarious position should the borrower die before the debt is paid.
Joint tenant estate held by two joint tenants is severed and ended by the following: - ANS A
foreclosure by one of the joint tenants. One of the joint tenants transfers his interest to a third
party. One of the joint tenants sell his interest.
A man owns six seperate parcels of real property. He wants to offer all of the parcels as security
for a mortgage loan. The mortgage that he will obtain will probably be? - ANS A blanket
mortgage
All of the following acts of one joint tenant terminates a joint tenancy except when the joint
tenant: - ANS Mortgages his or her share
Avulsion - ANS Is the sudden tearing away of land by the the action of water
When appraising a home build in 1910 the appraiser must use: - ANS Today's cost and
today's reproduct ion cost
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, The appraiser gives an 30 year old home a rating of 6 years is called: - ANS Effective age
a home painted in 1972, even if the seller repainted
the property a lead based paint booklet is required,
if not, the ommission allows the buyer to: - ANS cancel the transaction.
Not funtional obsolescense - - ANS Proximity of nuisances
Intestate means: - ANS Someone that left no will
A principle may request an accounting from the real estate agent of his funds : - ANS At any
time
The seller's responsibility is to transfer the property: - ANS Free and clear
When compare to real estate, stocks and bonds are: - ANS More liquid
Which of the following are liens? - ANS Incometax
Judgements
Attachment
subagents: - ANS They work for the seller
If a builder pays $35 an hour to a hostess, to perform an open
house, to answer questions: - ANS a license is required to answer questions
Who must disclose Mello - ANS Seller (OWNER)
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