National Real Estate Exam Practice Questions.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/National%20Re
National Real Estate Exam Practice
Questions & Answers
1. A property owner has decided to do some landscaping work on his yard. Hehas
planted a tree surrounded by some flowering shrubs.The tree and shrubsare an
example of...
Answer improvements
2. A property owner has a waterfront lot on a stream. He has the right to use
the water from the stream. What is this right called?
Answer riparian
3. A tenant is aware that his lease will expire at the end of the month. He has
begun to disassemble his display cabinets and shelves.Which of the following
statements about this is true
Answer the tenant can take these as they are trade fixtures
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4. A seller is attending the closing on his property. The title company has
discovered an unsatisfied M&M lien on the property.Which of the following is
the most likely reason for the lien?
Answer plumbing work that was completed but neverpaid for
5. A listing agent went to inspect a seller's property hoping to list it for sale.
The seller told the listing agent that his neighbor's satellite dish trespasseson
his property.This is an example of...
Answer encroachment
6. A father gives his son a life estate on a property.The son leases the property.The
tenant dies.What happens to the property?
Answer it goes back to the son until hedies
7. A man leaves his second wife a life estate in their home after which the
property goes to his children from his first marriage.The children...
Answer are re-maindermen
8. Which of the following statements about an easement is true?
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Answer an easementis a benefit to the dominant property owner
9. P, Q and R are joint tenants. P wants to sell the property, but Q and R do not.
What can P do?
Answer file a suit for partition
10. A, B and C are joint tenants. C dies. B sells his share to D. What type of
ownership do A and D have?
Answer tenants in common
11. Under what right can the government change property use from commer-
cial to residential only?
Answer police power
12. Ownership of the common areas of condominiums is most likely to be
Answer -
tenancy in common
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13. What should a buyer do to ensure that his is getting the best title to real
property?
Answer get a general warranty deed
14. Which covenant in a deed guarantees that the owners will not suffer or be
disturbed by any claims on the property?
Answer the covenant of quiet enjoyment
15. Excess money at a foreclosure sale goes to...
Answer the borrower
16. After defaulting on a real estate loan, a borrower is able to pay off the loan
prior to the foreclosure sale.This is called
Answer
right of redemption
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