National Real Estate Bundled Exams Questions and Answers Multiple Versions Latest Updates (2024/2025) (Complete and Accurate)

Tennessee National Portion Real Estate Exam Questions and Answers Already Passed A corporation is a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is property owned by one individual or corporation. A house is owned by three joint tenant...

National Real Estate Exam Questions: Math Latest Version Already Passed Jon sells a property for $800,000 and earns a 3% commission. Jon obtained the sales for this transaction based on a co-brokerage agreement referral for a 50/50 split. Jon works under a managing broker who is owed 40%. How ...

PSI National Real Estate Exam Practice Test 1 Latest Update Graded A+ All of the following would be considered real property EXCEPT a leasehold estate The servient estate in an easement appurtenant is the property on which the easement is placed Which of the following statements concernin...

PSI NATIONAL REAL ESTATE QUESTIONS AND ANSWERS ALREADY PASSED A legal description in land that includes language like "the old oak tree" or "the big rock" would be Metes and bounds As a licensee is showing a property contiguous to a lake, the licensee notices that the lake has a la...

National Real Estate Exam Prep Questions and Answers Graded A+ John, Maria and Mark are joint tenants. Mark dies. Maria sells her share to Jane. John and Jane are: a. Joint Tenants b. Tenants by Partition c. Sole Owners d. Tenants in Common d. tenants in common John owns lakefront pr...

National Real Estate Exam: Contracts Questions and Answers 100% Pass 4 elements required of every contract CLOC: (C)ompetent Parties (L)egal Object (O)ffer and acceptance (C)onsideration valid contract contains all the essential elements and is binding and enforceable upon both parties t...

National Exam - Practice of Real Estate Questions and Answers Graded A+ Practice of Real Estate Civil Rights act of 1866 prohibit racial discrimination in all conveying of real and personal property Practice of Real Estate in regards to convicted drug dealers... they are NOT covered un...

National Real Estate Exam 2024 Questions and Answers Already Passed When payments are made on amortized mortgage loans, the debt service includes Payment of principal, interest, taxes, and insurance on the mortgaged property A couple bought their first home, quantifying for a 30-year loan. T...

National - Real Estate Exam Practice Questions (Set One) Latest Update Graded A+ Which of the following is a lien on real estate? a. recorded easement b. recorded mortgage c. encroachment d. dead restriction b. recorded mortgage Which approach to value would MOST likely be useful t...

National Real Estate Exam Questions and Answers 100% Pass 1. Efforts to increase homeownership include all the following EXCEPT A) requiring lower down payments. B) penalizing first-time homebuyers for using funds from IRA's. C) requiring loan applicants to have better credit. D) lowering...

PSI National Exam for Real Estate Questions and Answers Already Passed A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called a contract Antitrust laws prohibit competing brokers from all of the following 1. boycotting other brokers in the marketplace. ...

National Real Estate Exam Chapter 1 Latest Update Graded A+ Appurtenance describes rights, privileges, or improvement that belong and pass with the land Improvements man's additions to the land (ex: buildings or landscaping) Real Property Land, improvements that are attached to the land, benefi...

National Real Estate Exam Portion for Ohio Latest Update Graded A+ Tenancy at Will No written agreement, and can be terminated at any time by landlord or tenant Tenancy at sufferance Tenant is allowed to live on property after lease is over but before they are forced off the property Tenants i...

National Real Estate Exam Questions and Answers Already Graded A Which of the following constitute an estate (tenancy) for years? A month-to-month lease. A tenancy at sufferance. A lease that is set to last six months. A tenancy at will. 67. A federal law that regulates t 1. Which method...

Real Estate Salesperson National Prep Exam 1 Already Passed John owns a dominant estate with an easement appurtenant. John sells the property. What happens to the easement? It belongs to the buyer A seller shows a house with all ceiling fans. A buyer purchases a home. After closing, all ce...

Real Estate UNIT 1 National Exam Questions and Answers Graded A+ All property other than real estate is known as what? Personal Property What is an appurtenant? Appurtenance is a legal term denoting the attachment of a right or property to a more worthy principal. Appurtenance occurs when th...

Real Estate Questions and Answers Exam Latest Update Graded A+ Local communities regulate real estate by buying and selling land themselves. >creating zoning laws. annexing nearby towns. taxing animals. Which is NOT commonly an area of federal government interference in real property? ...

National Real Estate Exam Vocab 100% Correct Appurtenance rights, privileges or improvements that belong to and pass with the land. Improvements Man's additions to the land such as buildings and landscaping. Chattel Personal property, personalty Bill of Sale A document used to transf...

National Real Estate Exam Questions and Answers Graded A+ What type of legal description would a new residential developer most likely use? lot and block What would not be determined by a location survey? land use The heirs of an estate are selling their deceased father's home. They re...

National Real Estate Exam - Guide to Pearson Vue Book Latest Update Graded A+ The phrase definite duration refers to: An estate for years A lease that automatically renews itself, in the absence of notice, is: A periodic tenancy A man just sold a condo for $80,000. This gave him a 20% p...

National Portion Of Real Estate Exam Latest Update with Verified Solutions contract that gives a purchaser the right to buy property at a fixed price within a stated period of time, without obligationthe purchaser to do so, is know as an option prospective buyers for a house want to operate a...

Texas Real Estate Exam Prep (From PearsonVUE and & Champions National Exam Prep) 100% Pass A property owner has decided to do some landscaping work on his yard. he has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a) encroachments b) improvement...

National Real Estate Exam Questions and Answers 100% Pass A purchase contract required that the property be free of tenants when the property conveyance occurred. On the day of closing, the tenants were still living in the property. Who is responsible for ensuring that tenants vacated the pr...

PA Real Estate National Exam Questions and Answers Graded A+ A subject property is an older home with four bedrooms and one bathroom. However, the surrounding neighborhood primarily consists of new construction with four bedrooms and three bathrooms. What can be said of the subject property?...

Real Estate National Exam Questions and Answers 100% Pass What are considered trigger terms? Interest rate, payment amount, down payment #of payments, term of the loan, cost to close.. any financial term except APR A borrower who was making payment on a loan was required to make a balloon ...

Texas Salesperson Real Estate Exam (National) 100% Pass Real Property Land and Improvements and the Right to Use Them Fixture Personal property that has been attached. "Installed" or "Annexation" Trade Fixtures Required to run a business. They may be removed from the property prior t...

Texas Real Estate Exam (National) Latest Update Graded A+ real property the tangible real estate and intangible rights associated with the ownership of real estate -transfers by deed or will personal property a right or interest in things of a temporary or movable nature; anything not cl...

REAL ESTATE 2024 WITH COMPLETE SOLUTIONS Real Estate Broker a person who is licensed as a broker that peforms brokerage activities and collects compensation. Real Estate Salesperson a person who peforms real estate activities while associated with a licensed real estate broker. license...