1 for specific request mail
Real Estate Questions and Correct Answers | Latest
Update
The rights of ownership of real property include all of the following
EXCEPT
Ans: Compatibility
An important characteristic of land is that it may be modified or
improved at some point in time. Depending on its type, an improvement
may increase the value of real estate greatly. All of the following are
Assignment Expert
considered to be improvements EXCEPT
Ans: Crops
Guru01 - Stuvia
A man leases a store space to open a restaurant. He installs ovens,
booths, counters, and other equipment. When would these items become
real property?
2026
Ans: At lease expiration, if the man does not remove them
©
A real estate professional sells property listed by another brokerage firm
in the multiple listing service. The real estate professional has been
working with the buyer for many months but does not have an agency
contract with him. This real estate professional has fiduciary obligations
to
Ans: the seller.
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?
Ans: She acted appropriately to sell the seller's property
, 2 for specific request mail
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?
Ans: Withholding the information prevents the buyer from making an
informed decision
What is the commission rate of 5% on a sale of $250,000?
Ans: $12,500
Assignment Expert
A broker's newest sales associate lists a unit in a condominium building
for sale. In this transaction, the sales associate
Guru01 - Stuvia
Ans: 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
2026
associate completed the transaction gets 45%, and the sales associate
receives the balance. How much does the sales associate who made the
©
sale receive?
Ans: $3,622.85
The type of real estate ownership that is MOST all-inclusive is a
Ans: 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?
Ans: 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
, 3 for specific request mail
Ans: is the dominant tenement
.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?
Ans: Appurtenant easement
A homestead exemption protects against judgments
Assignment Expert
Ans: of unsecured creditors
Guru01 - Stuvia
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
2026
the water's edge in front of his property. The owner is likely to be
©
Ans: 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,
Ans: the general partners run the business.
Which of the following parcels of land is the smallest?
Ans: 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?
Real Estate Questions and Correct Answers | Latest
Update
The rights of ownership of real property include all of the following
EXCEPT
Ans: Compatibility
An important characteristic of land is that it may be modified or
improved at some point in time. Depending on its type, an improvement
may increase the value of real estate greatly. All of the following are
Assignment Expert
considered to be improvements EXCEPT
Ans: Crops
Guru01 - Stuvia
A man leases a store space to open a restaurant. He installs ovens,
booths, counters, and other equipment. When would these items become
real property?
2026
Ans: At lease expiration, if the man does not remove them
©
A real estate professional sells property listed by another brokerage firm
in the multiple listing service. The real estate professional has been
working with the buyer for many months but does not have an agency
contract with him. This real estate professional has fiduciary obligations
to
Ans: the seller.
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?
Ans: She acted appropriately to sell the seller's property
, 2 for specific request mail
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?
Ans: Withholding the information prevents the buyer from making an
informed decision
What is the commission rate of 5% on a sale of $250,000?
Ans: $12,500
Assignment Expert
A broker's newest sales associate lists a unit in a condominium building
for sale. In this transaction, the sales associate
Guru01 - Stuvia
Ans: 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
2026
associate completed the transaction gets 45%, and the sales associate
receives the balance. How much does the sales associate who made the
©
sale receive?
Ans: $3,622.85
The type of real estate ownership that is MOST all-inclusive is a
Ans: 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?
Ans: 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
, 3 for specific request mail
Ans: is the dominant tenement
.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?
Ans: Appurtenant easement
A homestead exemption protects against judgments
Assignment Expert
Ans: of unsecured creditors
Guru01 - Stuvia
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
2026
the water's edge in front of his property. The owner is likely to be
©
Ans: 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,
Ans: the general partners run the business.
Which of the following parcels of land is the smallest?
Ans: 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?
