Practice test

Real Estate Practice Exam 16

Expert real estate practice exam 16: 25 questions on executory interests, HOA super-priority, AfBA rules, CLTV, balloon-loan risk, and external obsolescence.

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

Question 1

1

A conveyance 'to A and his heirs, but if A dies without issue, then to B' creates in B a:

Question 2

2

A legal description by reference to a recorded plat ('Lot 12, Block 4, Sunset Addition') is valid only if:

Question 3

3

A first mortgage of $300,000 and a homeowners-association assessment lien both encumber a condo. State law makes a limited portion of the HOA lien 'super-priority' over the first mortgage. The practical effect is:

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