Real Estate Sales Exam – Sample

Three of the following real estate terms are closely associated.  Which term does not belong with the group?

A restrictive covenant contained in a deed which prohibits sale to persons of a particular race will:

Protective covenants which place restrictions on grantees of lots in a new subdivision would probably be found in the:

When a husband and wife hold title to property in joint tenancy, the wife can will;

A joint tenancy estate:

In real estate the word tenancy means:

If Allen owns a freehold estate, which of the following actions would cause his interest to be converted to a less-than-freehold estate?

Austin deeded Shady Acres to Jones for the life of Baker.  Under these circumstances:

You have agreed to lease a store building from the owner for a period of ten years at a total rental of $12,000.00 payable at the monthly rate of $100.00.  $200.00 must be paid in advance which shall apply to the first and last month’s rent.  Considering the term agreed upon, it would be inappropriate to insert a clause in the terms of this lease covering which of the following?

You have agreed to lease a store building from the owner for a period of ten years at a total rental of $12,000.00 payable at the monthly rate of $100.00.  $200.00 must be paid in advance which shall apply to the first and last month’s rent.  Considering the term agreed upon, it would be inappropriate to insert a clause in the terms of this lease covering which of the following?