Tommy holds a voluntary inactive license while he is on active duty in the
U.S. Air Force and stationed in Guam. If Tommy wishes to practice real estate after
his discharge from the Air Force, he will be required to renew his license:
Detailed Answer
C
2
An item that was once personal property but is now considered to be part of
the real property is called a
Detailed Answer
B
3
Land, together with all the permanent improvements thereon, is technically
called:
Detailed Answer
B
4
The physical components of real property include:
Detailed Answer
D
5
Legal rights that affect land that abuts rapid flowing bodies of water such as
rivers and streams are called:
Detailed Answer
C
6
The following are examples of an interest in real property for an indefinite time
period except:
Detailed Answer
B
7
Which type of ownership interest includes the right of survivorship?
I. Estate in severalty
II. Tenancy in common
III. Joint tenancy
IV. Tenancy by the entireties
Detailed Answer
D
8
Which type of multiple-unit dwelling provides for right of possession through
rights granted under a proprietary lease?
Detailed Answer
B
9
A purchaser of a new developer condominium has how many days to rescind
the sale and purchase contract after receipt of the condominium documents:
Detailed Answer
D
10
Rules and regulations for a condominium can be found in the: