FREE CRS Property Marketing and Management Questions and Answers

Question 1

Which of the following would be considered to be real property?

Accepted Answer

Fixtures

Answer

Leasehold estate

Answer

Chattels

Answer

Trade Fixtures

Question 2

The Servient estate in an easement appurtenant is the property:

Accepted Answer

on which the easement is placed.

Answer

owned by the landlord.

Answer

that benefits from the easement.

Answer

owned by the tenant.

Question 3

Real property includes all of the following except:

Accepted Answer

Trade fixtures

Answer

Land

Answer

Fixtures

Answer

Bundle of rights

Question 4

Pine trees and bougainvillea bushes on a property that were planted by the current owner are examples of:

Accepted Answer

Real Estate

Answer

Personal Property

Answer

Chattels

Answer

Trade fixtures

Question 5

A device that grants property owner relief from certain provisions of the zoning ordinance where, because of specific use, would result in a particular hardship upon the owner as distinguished from a mere inconvenience or a desire to make more money.

Accepted Answer

Variance

Answer

Temporary use permit

Answer

Deviation

Answer

Exception

Question 6

Under the Federal Fair Housing Law, which of the following is considered discriminatory advertising?

Accepted Answer

Catholics preferred

Answer

Seniors welcome

Answer

Military Discount

Answer

Nonsmoker preferred

Question 7

The standard color scheme for residential land use:

Accepted Answer

Yellow

Answer

Red

Answer

Blue

Answer

Violet

Question 8

If a leased premise becomes uninhabitable deliberately in an attempt to remove the tenant. What is this action called?

Accepted Answer

Constructive eviction

Answer

Condemnation

Answer

Actual eviction

Answer

Abandoning lease property

Question 9

What is the best definition listed for the term: “conventional loan?”

Accepted Answer

A type of loan that is not insured or guaranteed by the government, but backed by private lenders.

Answer

A type of loan insured or guaranteed by the government.

Answer

The most basic form of a U.S. loan, is typically the most popular too.

Answer

A type of loan that follows all the rules of an adjustable-rate mortgage or balloon loan.

Question 10

The lender in a traditional mortgage loan transaction is known as what?

Accepted Answer

A mortgagee

Answer

A mortgagor

Answer

A trustor

Answer

A trustee