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PRINCIPLES OF REAL ESTATE 1
FINAL LATEST UPDATED EXAM
WITH COMPLETE QUESTI ONS
AND CORRECT ANSWER S 100%
(VERIFIED ANSWERS) GRADED AT
A+SURE PASS!!
Question : supply
CORRECT ANSWER : The amount of goods offered for
sale within a given market at a given price during a given time period.
Question : General Agent
CORRECT ANSWER : A property manager is an
example of what type of agent?
Question : Special Agent
CORRECT ANSWER : A real estate agent is an example
of what type of agent?
Question : Residential, Commercial, and Industrial
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CORRECT ANSWER : The general uses of real property
include the following:
Question : Market Comparison Approach
CORRECT ANSWER : A means of comparing similar
type properties would have recently sold to the subject
property is known as:
Question : Surface Rights
CORRECT ANSWER : Mineral rights are typically
considered dominant to which of the following rights
Question : real estate
CORRECT ANSWER : Land and everything
permanently attached to land is defined as
Question : Personal Property
CORRECT ANSWER: All property that is not land and
is not permanently attached to land is known as
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Question : Bundle of Rights
CORRECT ANSWER : The right of exclusion which
allows a landowner to prevent others from entering or occupying their property is included in the
Question : Kitchen cabinets
CORRECT ANSWER : Which of the following is an
example of a fixture
Question : Intentions of the party, adaption of the item,
mold and permanence of house item was attached
CORRECT ANSWER : Which of the following is
considered a legal test for determining if an item is a fixture or not
Question : customer
CORRECT ANSWER : This refers to the party the agent
brings to the principal as seller or buyer of the property.
Question : General Agent
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CORRECT ANSWER : An agent with full authority over
one property of the principal is known as a
Question : Special Agent
CORRECT ANSWER : An agent with limited authority
to act on behalf of the principal is referred to as a
Question : The agent finds a buyer who is ready, willing,
and able to purchase the property.
CORRECT ANSWER : A seller's agent is entitled to a
commission after
Question : customer
CORRECT ANSWER: A broker will work for a client
and with a
Question : Care
CORRECT ANSWER : The "C" in the acronym
COALD stands for which fiduciary duty?