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 shrub or an example of:

A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this rate called?

A commercial 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?

The seller is attending the closing on his property. The title company has discovered and unsatisfied, M&M lien on a property. Which of the following is the most likely reason for the lien?

A listing agent went to inspect a seller’s property, hoping to list it for sale. The seller told the listing agent that his neighbors satellite dish trespasses on his property. This is an example of:

A father gives his son a life estate on a property. The son leases the property. The tenant dies. What happens to the property?

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

Which of the following statements about an easement is true?

P, Q, and R are joint tenants. P wants to sell the property, but Q and R do not. What can P do?

A, B, C are join tenants. C dies. B sells his share to D. What type of ownership do A and D have?

Under what right can the government change property use from commercial to residential only?

Ownership of the common areas of condominiums is most likely to be:

What should a buyer do to ensure that he is getting the best title to real property?

Which covenant in a deed guarantees that the owners will not suffer, or be disturbed by any claims on the property?

Excess money at foreclosure sale goes to:

After defaulting on a real estate loan, a borrower is able to pay off the loan prior to the foreclosure sale. This is called:

The required distance between buildings and a federally protected endangered species wetlands, two incompatible uses, is an example of:

A couple purchased a condominium. The complex has an exercise room for all residents. The couple does not use the exercise room and does not want to pay the monthly fee for the use of the facility. What can they do to avoid this fee?

Which of the following is personal property?

A landlord leased space in his new retail property to an inexperienced business person. Based on location and the type of business, the landlord believes it will be a great success. What type of lease can he enter into with the tenant that will allow the landlord to benefit from the tenants success?

A buyer has purchased a property, and after closing, the seller will continue to occupy the property. This is an example of:

Your clients will be able to qualify for financing for a property. They wish to purchase in about six months after they have had an opportunity to reduce their consumer debt. They have found a property they would like to purchase now. What type of agreement can they enter into with a seller that will allow them to occupy the property now and purchase it within the six months?

Tenants have signed a three-year lease on the property. In the second year, the owner dies, and his heirs inherit the property. They give the tenants notice to vacate. What is true?

A developer decides to build a commercial property in the middle of a residential neighborhood. What is required?

A zoning ordinance would directly affect which of the following?

If a person dies without a will, who receives their estate:

The meets and bounds description will always:

What are the requirements/criteria for real estate to have value?

what principle of value defines the most important factor for appraisal?

What approach would an appraiser most likely use to value a residential rent house in the neighborhood where a majority of homes are leased?

A licensed broker is advertising that he will perform a free appraisal if you contact him for a listing appointment. He is not in violation of the law:

Which of the following is not an example of functional obsolescence?

according to the Statute of Frauds, which of the following leases must be in writing?

Your client is an investor who would like to have the right to purchase a commercial contract for $5 million within the next six months. What type of contract should he enter into with the seller?

A signed sales contract that has not yet gone to closing is:

When does an offer become a contract?

Which of the following statements is true about the duties of an agent, according to the common law of agency?

The property manager is hired and signs a management agreement with the owner. At this time, the property manager is:

The buyer and seller have negotiated the contract on the sellers property with a closing set for June 14th; time is of the essence. On June 12th, the listing agent calls the buyers agent and tells him the seller will be unable to close on the 14th. The seller can close on the 16th. At this time, what is true?

A licensee is representing the seller in a commercial transaction. The property is under contract, and all contingencies have been met. The listing agent learns the State Department of Transportation has authorized the construction of an exit ramp to the interstate right behind the commercial property. The exit ramp will greatly increase the value of the sellers property. What should the agent do?

A listing agent is showing his listing to a buyer customer and notices a problem with the exterior of the property that he missed when he listed the property. what should he do?

A buyers agent has accidentally forwarded confidential information about his buyers financial background to the listing agent. What is true?

What is the difference between replacement cost and market value?

Economic life is defined as:

The buyer is interested in purchasing a home. He has a home inspection, and the inspector notifies the buyer that the house has 60 amp service. Inspector states the hundred amp service as usual and customary for a home of the size. This inspector has identified an example of _____________.

An underage college students signs a lease, and then discloses with age to the landlord. What is true?

A seller comes into the office to sign a contract. The seller is stumbling and smells of alcohol. How do you proceed?

A sales agent had a listing, and the property did not sell. The listing expired. During the term of the listing, the seller had disclosed confidential information to the agent. Several months later, the agent has a buyer client interested in purchasing the same property. How long must the sellers private information be kept confidential?

Which of the following example of economic obsolescence?

A broker is the most often:

I James condominium property is advertised as having the “Most beautiful view of the city.” this ad is best described as:

Which of the following facts about a listed property must be disclosed?

A led paint disclosure is required for all properties built before:

Which of the following statements about lead is NOT true?

CERCLA is administered by:

Which of the following are used in 1978 is both extremely hazardous and friable?

Which of the following would be the least desirable neighbor?

A seller must keep a copy of the lead paint disclosure he provided to the buyer for:

it has been found the mold can develop due to:

General liability insurance will: