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RealEstateU Test Questions and Complete Solutions Graded A+
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RealEstateU Test Questions and Complete Solutions Graded A+
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RealEstateU TestQuestions and
Complete Solutions
Graded A+
Denning [Date] [Course title]
, If a real estate salesperson violates Article 12-A of the Real Property Law, they shall be guilty of a/an -
Answer: Misdemeanor
Someone in a position of great trust serves as a/an - Answer: Fiduciary
This type of agency is created when a principal does not stop an individual from representing his or her
interests - Answer: Agency by estoppel
A licensee is guilty of what if they conceal a material fact from the prospective buyer - Answer:
Misrepresentation
Everything that is not real property is considered - Answer: Personal property
Which of the following interests in real property offer the most complete form of ownership? - Answer:
Fee simple absolute estates
A couple owns a property as a tenancy by the entirety. When one of the spouses passes away, the other
spouse gains full ownership of the property. When the remaining spouse passes away, the children
inherit the property. This is known as what type of interest in real property? - Answer: Life estate
This type of agency is created when a principal does not stop an individual from representing his or her
interests? - Answer: Agency by estoppel
A couple owns a property as a tenancy by the entirety. When one of the spouses passes away, the other
spouse gains full ownership of the property. When the remaining spouse passes away, the children
inherit the property. This is known as what type of interest in real property - Answer: Life estate
This form of co-ownership does NOT include the 'right of survivorship' - Answer: Tenancy in common
How many hours of continuing education is a real estate salesperson required to complete every two
years - Answer: 22.5 hours
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