Real Estate Broker Exam — National Portion
Ownership, transfer and recording of title: practice questions
Our Real Estate Broker (National) bank has 39 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.
Question 1
Ownership by a married couple in which neither spouse can convey their interest alone, available in some states, is:
- Severalty
- Tenancy by the entirety
- Estate at will
- Tenancy in common
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B. Tenancy by the entirety — Tenancy by the entirety treats the couple as one owner with survivorship and protection from one spouse's separate creditors in many states.
Question 2
A judgment lien is generally a:
- Lien that only affects personal property
- General lien on the debtor's real property
- Specific lien on one parcel
- Voluntary lien created by contract
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B. General lien on the debtor's real property — A court judgment can attach to all real property the debtor owns in the county once recorded.
Question 3
A deed says 'to B, but if alcohol is ever sold on the land, the grantor may re-enter and reclaim it.' B holds a:
- Fee simple subject to a condition subsequent
- Fee simple determinable
- Life estate measured by the grantor's life
- Estate at will
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A. Fee simple subject to a condition subsequent — A condition subsequent requires the grantor to act (right of re-entry) to end the estate.
Question 4
Title transfers under a deed when the deed is:
- Signed by the grantor alone
- Recorded by the county clerk
- Delivered and accepted
- Notarized
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C. Delivered and accepted — Delivery and acceptance during the grantor's life are required for a deed to pass title.
Question 5
To acquire title by adverse possession, the possession must generally be:
- Secret and occasional
- With the owner's written permission
- Open, continuous, hostile and exclusive
- For any length of time
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C. Open, continuous, hostile and exclusive — State statutes set the period; possession with permission is not hostile and does not count.