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CHAMPIONS REAL ESTATE EXAM:LAW OF
AGENCY WITH COMPLETE QUESTIONS AND
CORRECT VERIFIED ANSWERS (DETAILED
ANSWERS) ALREADY GRADED A+ 100%
GUARANTEED TO PASS CONCEPTS!!!.
Community property is that owned by:
a. the church
b. parent and child if the child is over 21
c. the city or community
d. husband or wife when purchased with community
funds - .....ANSWER ...✔✔ d. husband or wife when
purchased with community funds
When real estate under lease is sold, the lease:
a. expires within 30 days, unconditionally
b. is broken
c. remains binding on the new owner unless otherwise
stipulated in the lease itself
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d. must be renewed - .....ANSWER ...✔✔ c. remains
binding on the new owner unless otherwise stipulated in
the lease itself
Income approach for an appraisal would be most
widely used:
a. on a newly opened subdivision
b. on commercial and investment property rented to
tenants
c. on property heavily mortgaged
d. on property heavily insured - .....ANSWER ...✔✔ b.
on commercial and investment property rented to
tenants
The right to cross over property owned by another is
called:
a. adverse possession
b. an easement
c. a homestead
d. a lien - .....ANSWER ...✔✔ b. an easement
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Taxes on real estate automatically become:
a. a lien
b. an easement
c. a relinquishment
d. a mortgage - .....ANSWER ...✔✔ a. a lien
Deeds are recorded in the:
a. City hall
b. County courthouse
c. State capitol building
d. Tenancy in common - .....ANSWER ...✔✔ b. County
courthouse
Real property owned by the husband or wife prior to
marriage is:
a. community property
b. separate property
c. personal property
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d. tenancy in common - .....ANSWER ...✔✔ b.
separate property
Eminent domain is:
a. the action of taking property for public use
b. a written agreement
c. the right to take property for public use
d. evidenced by zoning - .....ANSWER ...✔✔ c. the
right to take property for public use
The deed which states that the title conveyed is good
from the sovereignty of the soil to the
grantee and that no one else can successfully claim the
property is a:
a. special warranty deed
b. general warranty deed
c. quit claim deed
d. bargain and sale deed - .....ANSWER ...✔✔ b.
general warranty deed
One who acquires property under a deed is:
CHAMPIONS REAL ESTATE EXAM:LAW OF
AGENCY WITH COMPLETE QUESTIONS AND
CORRECT VERIFIED ANSWERS (DETAILED
ANSWERS) ALREADY GRADED A+ 100%
GUARANTEED TO PASS CONCEPTS!!!.
Community property is that owned by:
a. the church
b. parent and child if the child is over 21
c. the city or community
d. husband or wife when purchased with community
funds - .....ANSWER ...✔✔ d. husband or wife when
purchased with community funds
When real estate under lease is sold, the lease:
a. expires within 30 days, unconditionally
b. is broken
c. remains binding on the new owner unless otherwise
stipulated in the lease itself
,2|Page
d. must be renewed - .....ANSWER ...✔✔ c. remains
binding on the new owner unless otherwise stipulated in
the lease itself
Income approach for an appraisal would be most
widely used:
a. on a newly opened subdivision
b. on commercial and investment property rented to
tenants
c. on property heavily mortgaged
d. on property heavily insured - .....ANSWER ...✔✔ b.
on commercial and investment property rented to
tenants
The right to cross over property owned by another is
called:
a. adverse possession
b. an easement
c. a homestead
d. a lien - .....ANSWER ...✔✔ b. an easement
,3|Page
Taxes on real estate automatically become:
a. a lien
b. an easement
c. a relinquishment
d. a mortgage - .....ANSWER ...✔✔ a. a lien
Deeds are recorded in the:
a. City hall
b. County courthouse
c. State capitol building
d. Tenancy in common - .....ANSWER ...✔✔ b. County
courthouse
Real property owned by the husband or wife prior to
marriage is:
a. community property
b. separate property
c. personal property
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d. tenancy in common - .....ANSWER ...✔✔ b.
separate property
Eminent domain is:
a. the action of taking property for public use
b. a written agreement
c. the right to take property for public use
d. evidenced by zoning - .....ANSWER ...✔✔ c. the
right to take property for public use
The deed which states that the title conveyed is good
from the sovereignty of the soil to the
grantee and that no one else can successfully claim the
property is a:
a. special warranty deed
b. general warranty deed
c. quit claim deed
d. bargain and sale deed - .....ANSWER ...✔✔ b.
general warranty deed
One who acquires property under a deed is:
