Page 1 of 82
NATIONAL REAL ESTATE EXAM 2025/2026 BANK
COMPLETE CURRENT TESTING QUESTION AND
DETAILED CORRECT ANSWER (VERIFIED)
GUARANTEED PASS/TOP-RATED A+.
REAL ESTATE
Ace your National Real Estate Exam with this comprehensive
guide, designed to master property law, agency principles, and
contract procedures essential for licensure. This resource
delivers scenario-based practice questions and clear
explanations covering financing, valuation, and federal
regulations.
How does a creditor who has obtained a judgement get
satisfaction against a debtor who will not pay? ......
ANSWER ....... Writ of Execution
The economic characteristics of land are? ...... ANSWER
....... Scarcity, location, and durability
What lease would best suit couples needs who are looking
for temporary housing? ...... ANSWER ....... Month-to-
Month lease
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The land description T3N, R4W Principal Meridian refers to
what type of property description? ...... ANSWER .......
Rectangular survey
Crops that require annual planting are generally considered
to be? ...... ANSWER ....... Personal Property
A distinguishing characteristic of owning property by land
trust is that? ...... ANSWER ....... The identity of the legal
owner is kept confidential
A lawsuit for reverse condemnation may be brought by the?
...... ANSWER ....... Homeowner
If conditions for purchase are included in a deed and these
conditions are violated, what is the penalty? ...... ANSWER
....... Return of the property to the original owner
When more than one approach to value is applied to a
property and different indications of value are produced,
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how should the final estimate of value be determined? ......
ANSWER ....... Reconciliation
A borrower has defaulted on the mortgage. The mortgage
contains an acceleration clause. This permits the lender to?
...... ANSWER ....... Demand immediate payment of the
entire note
Too much leverage may result in? ...... ANSWER .......
Negative cash flow
A managing broker can be held responsible for? ......
ANSWER ....... All real estate activities of
salespersons
Earnest money should be deposited into a trust account
when? ...... ANSWER ....... In a timely manner
Why was the Jones vs Mayer decision of 1968 important?
...... ANSWER ....... By upholding the Civil Rights Act of
1866
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A landlord may refuse to rent to a tenant who? ......
ANSWER ....... Has ever been convicted of selling illegal
drugs
The buyer is assuming a mortgage presently on the property
in the amount of $110,000. What is the adjustment made at
the closing? ...... ANSWER ....... Credit buyer $110,000,
debit seller $110,000
In most states, foreclosed property is sold through? ......
ANSWER ....... Public auction
Depreciation is calculated based on? ...... ANSWER .......
Cost of the building only
A judgement has been properly recorded. Any subsequent
purchasers have actually examined the record or not, have
been given? ...... ANSWER ....... Constructive notice
NATIONAL REAL ESTATE EXAM 2025/2026 BANK
COMPLETE CURRENT TESTING QUESTION AND
DETAILED CORRECT ANSWER (VERIFIED)
GUARANTEED PASS/TOP-RATED A+.
REAL ESTATE
Ace your National Real Estate Exam with this comprehensive
guide, designed to master property law, agency principles, and
contract procedures essential for licensure. This resource
delivers scenario-based practice questions and clear
explanations covering financing, valuation, and federal
regulations.
How does a creditor who has obtained a judgement get
satisfaction against a debtor who will not pay? ......
ANSWER ....... Writ of Execution
The economic characteristics of land are? ...... ANSWER
....... Scarcity, location, and durability
What lease would best suit couples needs who are looking
for temporary housing? ...... ANSWER ....... Month-to-
Month lease
, Page 2 of 82
The land description T3N, R4W Principal Meridian refers to
what type of property description? ...... ANSWER .......
Rectangular survey
Crops that require annual planting are generally considered
to be? ...... ANSWER ....... Personal Property
A distinguishing characteristic of owning property by land
trust is that? ...... ANSWER ....... The identity of the legal
owner is kept confidential
A lawsuit for reverse condemnation may be brought by the?
...... ANSWER ....... Homeowner
If conditions for purchase are included in a deed and these
conditions are violated, what is the penalty? ...... ANSWER
....... Return of the property to the original owner
When more than one approach to value is applied to a
property and different indications of value are produced,
, Page 3 of 82
how should the final estimate of value be determined? ......
ANSWER ....... Reconciliation
A borrower has defaulted on the mortgage. The mortgage
contains an acceleration clause. This permits the lender to?
...... ANSWER ....... Demand immediate payment of the
entire note
Too much leverage may result in? ...... ANSWER .......
Negative cash flow
A managing broker can be held responsible for? ......
ANSWER ....... All real estate activities of
salespersons
Earnest money should be deposited into a trust account
when? ...... ANSWER ....... In a timely manner
Why was the Jones vs Mayer decision of 1968 important?
...... ANSWER ....... By upholding the Civil Rights Act of
1866
, Page 4 of 82
A landlord may refuse to rent to a tenant who? ......
ANSWER ....... Has ever been convicted of selling illegal
drugs
The buyer is assuming a mortgage presently on the property
in the amount of $110,000. What is the adjustment made at
the closing? ...... ANSWER ....... Credit buyer $110,000,
debit seller $110,000
In most states, foreclosed property is sold through? ......
ANSWER ....... Public auction
Depreciation is calculated based on? ...... ANSWER .......
Cost of the building only
A judgement has been properly recorded. Any subsequent
purchasers have actually examined the record or not, have
been given? ...... ANSWER ....... Constructive notice
