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Real Estate Salesperson Exam — National Portion

Transfer of title: practice questions

Our Real Estate (National) bank has 20 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1

What does a legal description using 'metes and bounds' describe?

  1. The street address
  2. The property's boundaries using distances and directions from a point of beginning
  3. Lot and block numbers
  4. Township and sections
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B. The property's boundaries using distances and directions from a point of beginning — It must return to the point of beginning.

Question 2

What is an easement?

  1. Ownership of land shared equally between two neighbouring owners
  2. A lien
  3. A right to use another person's land for a specific purpose
  4. A lease
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C. A right to use another person's land for a specific purpose — Examples: utility lines, driveways.

Question 3

How many square feet are in an acre?

  1. 5,280
  2. 10,000
  3. 43,560
  4. 640
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C. 43,560 — A mile is 5,280 feet.

Question 4

What is adverse possession?

  1. Buying land at auction
  2. Leasing land
  3. Gaining title to land by open, notorious, continuous and hostile use for a period set by state law
  4. Inheriting land
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C. Gaining title to land by open, notorious, continuous and hostile use for a period set by state law — The required period varies by state.

Question 5

Which deed gives the least protection?

  1. Special warranty deed
  2. Grant deed
  3. Quitclaim deed
  4. General warranty deed
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C. Quitclaim deed — It transfers whatever interest the grantor has, if any.

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