RE test

How would an unmarried couple take ownership to real property if they wanted full ownership upon the death of other co-owner?

A person bought 3 lots for $22,000 net each and dived them into 4 equal lots. Lots were then sold for $18,000 each. What was the approximate percentage of gross profit?

In a trust, legal title to real property is transferred to a person to be held and managed by the person for the benefit of the:

A person who purchases shares of stock in a corporation that owns a building and receives a proprietary lease to a specific unit within the building has purchased a:

Several persons own a property as tenants in common. One of the owners dies and the heirs want to sell the property where as the others prefer to retain the property. If the parties can't reach an agreement, which of the following actions would most likely be taken by the heirs who want to sell?

A father conveyed the family property to his daughter by will pur auto vie estate for the life of her mother. If the daughter should die before her mother, who gains possession to the property?

Under cooperative ownership the lease that grants occupancy of a specific unit to the stockholder is called a:

Which of the following best describes Interval ownership?

Which of the following transactions would most likely be subject to states blue sky laws?

The owner of a residential condominium unit and a tenant under a lease both have:

An item of personal property that, by process of attachment, and by intent, has become real property is called:

In Georgia, the legal description section of the listing agreement would NOT contain information about the following items:

In Georgia, the Georgia time share act requires developers of timeshare projects make disclosures to prospective buyers of all material facts about the property, including the buyer's right to rescind the contract within seven days. This info would be contained in the:

In Georgia, the principal source of the legal description is:

In Georgia, when locating the point of beginning in a metes and bounds legal description which of the following terms NOT render the legal description void?

In Georgia, the prevailing legal description is:

In Georgia, when a corporation owns property, the listing agreement must have the corporate seal affixed and the signature of an authorized officer. In the absence of the corporate seal the listing must be signed by:

The owner of a parcel of land leases the land to a farmer to grow crops. The crops would be considered:

The owner in a residential subdivision gets a building permit from the county to put a fence on his property. The fence is in violation the subdivisions restrictions (CC&R). An adjoining neighbor in the subdivision objects to the fence. If the HOA fails to enforce the restrictions the neighbors best action would be to:

Rules established by the local government to regulate building and construction standards are called:

Which of the following statements best describe a lien on real property?

Nancy wants her neighbor Bill to give her the privilege to cross his property to access the lake. Bill is concerned about a new owner accessing his property. Bill should consider giving Nancy:

Broker Dole is showing a buyer different apartments for rent. The buyer asked Dole for a place wit no children for quiet. Broker Dole should:

A salesperson is showing a property in a racially changing neighborhood. Which of the following statements by a salesperson would be appropriate in this situation?

Under the federal fair housing act familial status would apply to:

In Georgia, two licencees affiliated with the same broker are assigned by the broker to represent the buyer and seller respectively in the same transaction. Under BRRETTA this would be considered:

A licensee should search the National Do Not Call Registry on a regular basis and drop registered consumer phone numbers from their call lists. This should be done at least once every:

Under the CAN-SPAM Act opt-out request must be handled within: