Saskatchewan Real Estate Salesperson Licensing
Exam ACTUAL VERIFIED EXAM COMPLETE
QUESTIONS AND CORRECT ANSWERS LATEST
UPDATE.pdf
Buyer's agent has helped her buyers find a property. The
sellers have installed a fountain in the courtyard and the
buyers have stressed tot heir agent that they want the
fountain to be included in the purchase. What should the
buyers' agent do to ensure that her clients get the
fountain? - Answer-The agent can include wording int he
buyers' offer that indicates the fountain is included in the
sale.
All of the following are fixtures except?:
1. Shrubs
2. Pool
3. Tree
4. Land - Answer-Land
Mary and John are married with grown children. Both are
intestate. If John dies and Mary becomes the owner of the
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home, what type of ownership did they have? - Answer-
Tenancy by the Entirety
A one-half acre parcel of land in Manhattan, NY is worth
considerably more than a one-half acre parcel in White
Plains, NY. This is an example of: - Answer-Scarcity
What is the difference between an easement and a lien? -
Answer-Easement is a right in land and a lien is not
A seller shows his property with ceiling fans. After closing
when the buyer enters the house the ceiling fans have
been removed and the wires are hanging down from the
ceiling. What best describes this situation? - Answer-The
seller cannot take the fans because they are fixtures.
A married couple purchases property and takes title as
Tenants by the Entirety. What is not true about this? -
Answer-When the spouse dies their share will pass to their
heirs including but not limited to the surviving spouse.
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The local government needs your land to build a new high
school. They have the right to take your land for the public
good. What is this called? - Answer-Eminent Domain
You have recently purchased property in an area regulated
by zoning. It has come to your attention that you have
zoning violation on the property. What should you do? -
Answer-Request a variance from the zoning board
The fact that an individual must go to the land describes
what physical characteristics of land? - Answer-Immobility
John and Mary are co-owners of a property. John has a
60% interest in the property and Mary has 40%. What type
of freehold estate do they have? - Answer-Tenancy in
Common
A Property is surveyed to determine a legal description.
The surveyor works from a point of beginning, and
measures terminal points and angles. What method of
land description is he using? - Answer-Metes and Bounds
John leased space in a building and installed bookcases
and ceiling fans in that space. His lease will end soon.
What will happen to the bookcases and fan? - Answer-
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Because they have been installed, the bookcases and
fans are fixtures and have become part of the property. He
must leave them behind.
What is an example of involuntary, statutory, specific lien?
- Answer-Ad Valorem Tax Lien
One of the property owners in a subdivision is violating the
deed restrictions. What can the other property owners do
to get him to comply? - Answer-Seek an injunction from
the courts
Your property boarders a non-navigable waterway and you
have riparian rights. You have built a 10-foot pier at the
waters edge. How do you measure your property? -
Answer-To the middle of the waterway
Mary, a single woman, ha snow children. She owns real
property and dies intestate. What happens to her real
property? - Answer-The court will appoint an administrator
and it will be distributed to her heirs by the Law of
Descent.