Practice test

Real Estate Practice Exam 12

Advanced real estate practice exam 12: 25 questions on defeasible estates, lien priority, contingencies, RESPA, cap rate and DTI math, with full explanations.

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These questions are for study practice only and are not official exam questions.

Question 1

1

A deed conveys 'to the City so long as the land is used as a public park, and if it ceases to be so used, title reverts to the grantor.' What estate does the City hold?

Question 2

2

A metes-and-bounds description closes with a call that does not return to the point of beginning, leaving a gap. The most likely consequence is:

Question 3

3

Owner A's mortgage was recorded January 5. A judgment lien against the same owner was docketed January 3 but not indexed until January 10 due to a clerk error. In a pure race-notice state, priority generally turns on:

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