1
REAL ESTATE EXAM LATEST VERSION -2025/2026- 100+
QUESTIONS AND VERIFIED ANSWERS ALL THE BEST
.A woman owns 50 acres of land with 500 feet of frontage on a desirable
recreational lake. She wishes to subdivide the parcel into salable lots, but she
wants to retain control over the lake frontage while allowing lot owners to have
access to the lake. Which of the following types of access rights would provide the
greatest protection for a prospective lot purchaser?
Appurtenant easement
A homestead exemption protects against judgments
of unsecured creditors
The owner of a secluded area adjacent to an ocean noticed that people from town
walked along the shore in front of his property. The owner learned that the local
citizens had been walking along this beach for several years. He went to court to
try to stop people from walking along the water's edge in front of his property.
The owner is likely to be
unsuccessful because the owner's property extends only to the high-water mark
and the public may use the land beyond this point.
In a limited partnership,
the general partners run the business.
A man's house has been listed for sale for more than one year and he is very
anxious to move into a retirement community. A real estate professional, who is a
subagent of the seller, tells a prospective buyer to make a low offer because she is
sure that the seller will accept it. Regarding the real estate professional's conduct,
which of the following is FALSE?
She acted appropriately to sell the seller's property
, 2
A real estate professional who represents the seller is showing a house to a
prospective buyer-customer. The real estate professional knows that the house
has water problems in the basement. Which of the following is TRUE?
Withholding the information prevents the buyer from making an informed
decision
What is the commission rate of 5% on a sale of $250,000?
$12,500
A broker's newest sales associate lists a unit in a condominium building for sale. In
this transaction, the sales associate
acts on behalf of the broker.
The commission on the sale of a house is $9,410, and 30% goes to the broker who
listed the property. Of the remainder, the broker whose sales associate completed
the transaction gets 45%, and the sales associate receives the balance. How much
does the sales associate who made the sale receive?
$3,622.85
The type of real estate ownership that is MOST all-inclusive is a
fee simple estate.
A father conveyed the family home to his daughter by will as a pur autre vie estate
for the life of her mother. If the daughter should die before the mother, who gains
possession of the property?
Daughter's heirs
A man owned two acres of land. He sold one acre to a neighbor and reserved for
himself an appurtenant easement over his neighbor's land for ingress and egress.
The man's land
is the dominant tenement
Which of the following parcels of land is the smallest?
, 3
5% of a township
"Beginning at the SE corner of the NE¼ of the section, then due west 5,280 feet
more or less to the SW corner of the NW¼, then north along the west line of the
section 2,640 feet, more or less, to the NW corner of said NW¼, then in a straight
line to the point of beginning." How many acres does this parcel contain?
160
.The current property taxes on a parcel are $1,743.25 and have not been paid. If
the sale is to be closed on August 12, what is the approximate tax proration that
will be charged to the seller based on a 360-day year?
$1,074
.A home mortgage loan closed on July 1 for $765,000 at 5.5% interest amortized
over 25 years at $4,697.77 per month. Using a 360-day year, what would the
principal amount be after the monthly payment was made August 1?
$763,808.48
.An appraiser estimated the replacement cost new of a building at $560,000. The
building has an estimated economic life of 40 years and an estimated remaining
life of 30 years. What is the current value of the building?
$420,000
.Property purchased five years ago was assessed for tax purposes at 50% of
market value. The tax rate was $4.90 per $100 of assessed valuation. Today, the
taxes, imposed at the same tax and assessment rates, have increased by $637.
How much has the market value of the property increased assuming straight-line
appreciation?
$26,000.00
.Find the cost to build a fence 6 feet 6 inches high around a lot measuring 90 feet
by 175 feet, if the cost of erecting the fence is $2.25 per linear foot and the cost of
material is $1.82 per square foot of fence?
$7,462.40
REAL ESTATE EXAM LATEST VERSION -2025/2026- 100+
QUESTIONS AND VERIFIED ANSWERS ALL THE BEST
.A woman owns 50 acres of land with 500 feet of frontage on a desirable
recreational lake. She wishes to subdivide the parcel into salable lots, but she
wants to retain control over the lake frontage while allowing lot owners to have
access to the lake. Which of the following types of access rights would provide the
greatest protection for a prospective lot purchaser?
Appurtenant easement
A homestead exemption protects against judgments
of unsecured creditors
The owner of a secluded area adjacent to an ocean noticed that people from town
walked along the shore in front of his property. The owner learned that the local
citizens had been walking along this beach for several years. He went to court to
try to stop people from walking along the water's edge in front of his property.
The owner is likely to be
unsuccessful because the owner's property extends only to the high-water mark
and the public may use the land beyond this point.
In a limited partnership,
the general partners run the business.
A man's house has been listed for sale for more than one year and he is very
anxious to move into a retirement community. A real estate professional, who is a
subagent of the seller, tells a prospective buyer to make a low offer because she is
sure that the seller will accept it. Regarding the real estate professional's conduct,
which of the following is FALSE?
She acted appropriately to sell the seller's property
, 2
A real estate professional who represents the seller is showing a house to a
prospective buyer-customer. The real estate professional knows that the house
has water problems in the basement. Which of the following is TRUE?
Withholding the information prevents the buyer from making an informed
decision
What is the commission rate of 5% on a sale of $250,000?
$12,500
A broker's newest sales associate lists a unit in a condominium building for sale. In
this transaction, the sales associate
acts on behalf of the broker.
The commission on the sale of a house is $9,410, and 30% goes to the broker who
listed the property. Of the remainder, the broker whose sales associate completed
the transaction gets 45%, and the sales associate receives the balance. How much
does the sales associate who made the sale receive?
$3,622.85
The type of real estate ownership that is MOST all-inclusive is a
fee simple estate.
A father conveyed the family home to his daughter by will as a pur autre vie estate
for the life of her mother. If the daughter should die before the mother, who gains
possession of the property?
Daughter's heirs
A man owned two acres of land. He sold one acre to a neighbor and reserved for
himself an appurtenant easement over his neighbor's land for ingress and egress.
The man's land
is the dominant tenement
Which of the following parcels of land is the smallest?
, 3
5% of a township
"Beginning at the SE corner of the NE¼ of the section, then due west 5,280 feet
more or less to the SW corner of the NW¼, then north along the west line of the
section 2,640 feet, more or less, to the NW corner of said NW¼, then in a straight
line to the point of beginning." How many acres does this parcel contain?
160
.The current property taxes on a parcel are $1,743.25 and have not been paid. If
the sale is to be closed on August 12, what is the approximate tax proration that
will be charged to the seller based on a 360-day year?
$1,074
.A home mortgage loan closed on July 1 for $765,000 at 5.5% interest amortized
over 25 years at $4,697.77 per month. Using a 360-day year, what would the
principal amount be after the monthly payment was made August 1?
$763,808.48
.An appraiser estimated the replacement cost new of a building at $560,000. The
building has an estimated economic life of 40 years and an estimated remaining
life of 30 years. What is the current value of the building?
$420,000
.Property purchased five years ago was assessed for tax purposes at 50% of
market value. The tax rate was $4.90 per $100 of assessed valuation. Today, the
taxes, imposed at the same tax and assessment rates, have increased by $637.
How much has the market value of the property increased assuming straight-line
appreciation?
$26,000.00
.Find the cost to build a fence 6 feet 6 inches high around a lot measuring 90 feet
by 175 feet, if the cost of erecting the fence is $2.25 per linear foot and the cost of
material is $1.82 per square foot of fence?
$7,462.40
