NRES - Nevada Real Estate Salesperson Exam

Question 1: A homeowner installs kitchen cabinets and a furnace, attaching them permanently into the structure so that by law they become part of the real estate itself and would pass with a sale of the home. What term describes such formerly movable items?

A chattel

An appurtenance

A fixture

An improvement

Question 2: A restaurant tenant bolts pizza ovens and dining booths into a leased space to run the business, planning to detach and take them when the lease ends and to repair any holes. Items a tenant attaches for business use like this are known as what?

Trade fixtures

Chattels of the landlord

Ordinary improvements

Appurtenances

Question 3: A court must decide whether an installed item is a fixture or personal property, weighing how permanently it is attached, whether the parties agreed on its status, and what the person intended in placing it. Which of the following best states the standard courts apply?

The item's original purchase price

Method of annexation and intent

The buyer's credit standing

The listing agent's personal opinion

Question 4: A grower cuts down a standing tree that was part of the land, detaching it so that it changes from real property into movable personal property that can be hauled away. What is this act of detaching something from the land called?

Annexation

Accretion

Severance

Avulsion

Question 5: Annually cultivated crops such as corn and wheat, produced through a tenant's labor and requiring yearly planting, are treated differently from trees and perennial plants and are generally regarded as the cultivator's personal property. What term describes these annual crops?

Ordinary fixtures

Appurtenances

Improvements

Emblements

Question 6: Two nearly identical houses sit on opposite sides of a river, yet the ones with the better downtown view sell for far more than the others despite equal amenities. Which economic characteristic of land, tied to location and desirability, best explains that price gap?

Scarcity

Indestructibility

Area preference

Permanence of investment

Question 7: Because no two parcels of land occupy the same location and each has its own set of geographic coordinates, the law treats every parcel as one of a kind with no true substitute. Which physical characteristic of land does this describe?

Uniqueness

Scarcity

Improvements

Permanence

Question 8: An owner's land borders a flowing stream, and common law grants the owner rights to use that moving water as it passes the property. Which term describes the water rights of an owner whose land adjoins a river or stream?

Air rights

Riparian rights

Littoral rights

Subsurface rights

Question 9: In an arid western state, the right to use water beyond limited domestic use is controlled by the state, and a landowner must show a beneficial use, such as crop irrigation, to receive a permit. Which doctrine governs water use this way?

Littoral rights

The doctrine of accretion

The doctrine of prior appropriation

Air rights

Question 10: Ownership of real property is traditionally described as a collection of separate rights that can be divided and individually transferred, including the rights of possession, control, enjoyment, exclusion, and disposition. What is this collection of ownership rights commonly called?

An appurtenance

A freehold estate

The habendum clause

The bundle of legal rights

Question 11: An owner deeds land to a church so long as it is used for religious purposes, and the deed provides that title returns automatically to the grantor, without any court action, if that use ever stops. Which of the following BEST identifies the estate the church holds?

A leasehold estate

A conventional life estate

Fee simple determinable

Fee simple subject to a condition subsequent

Question 12: A buyer takes the most complete ownership the law recognizes in a parcel, holding the fullest bundle of rights for an indefinite time and able to pass it to heirs, limited only by public and private restrictions. Which estate does the buyer hold?

A leasehold estate

An estate for years

A tenancy at will

Fee simple absolute

Question 13: A grantor conveys property to a person for the duration of that person's natural life, after which it passes to someone else; while living, the holder may possess, use, and take the profits from the property. Which estate does the holder have?

An estate for years

A leasehold estate

A life estate

A reversionary interest

Question 14: A grantor creates a life estate and, in the same deed, names a third party to receive the property in fee simple once the life estate ends. What is the future interest held by that named third party called?

A remainder interest

A reversionary interest

A possibility of reverter

A leasehold interest

Question 15: State law automatically protects a portion of the value of a family's primary residence from certain unsecured creditors during the occupant's lifetime, without the owner having to create the protection by any deed. What is this statutorily created protection called?

An estate for years

A leasehold estate

An equitable interest

A homestead

Question 16: Two adjoining parcels are owned by different people, and one parcel has the right to cross the other to reach a public road; that right transfers with the land whenever the benefited parcel is sold to a new owner. What is this right called?

An easement appurtenant

A deed restriction

A party wall agreement

A lien

Question 17: A utility company holds the right to run power lines across several private parcels, and that right belongs to the company itself rather than to any neighboring parcel of land it happens to benefit. What kind of interest is this?

A party wall agreement

An easement in gross

A deed restriction

A lien

Question 18: An owner sells a rear parcel that has no way to reach any public road except across the seller's remaining land, and a court grants access so the parcel will not be landlocked. Which type of easement does the court recognize?

An easement by necessity

A deed restriction

A party wall agreement

A covenant against encumbrances

Question 19: A landowner gives a neighbor informal, oral permission to walk across the yard to reach a fishing spot, a personal privilege that the owner may take back at any time and that ends if the land is sold. What is this permission called?

A deed restriction

A license

A party wall agreement

A lien

Question 20: A survey reveals that a neighbor's newly built fence sits two feet over the boundary line, unlawfully extending onto the adjoining owner's land without any permission. What is this unauthorized intrusion of an improvement onto another's property called?

A deed restriction

A party wall agreement

A covenant

An encroachment

NRES Nevada Real Estate Salesperson Exam - Set 2 - Part 1

Question 1: A homeowner installs kitchen cabinets and a furnace, attaching them permanently into the structure so that by law they become part of the real estate itself and would pass with a sale of the home. What term describes such formerly movable items?

Question 2: A restaurant tenant bolts pizza ovens and dining booths into a leased space to run the business, planning to detach and take them when the lease ends and to repair any holes. Items a tenant attaches for business use like this are known as what?

Question 3: A court must decide whether an installed item is a fixture or personal property, weighing how permanently it is attached, whether the parties agreed on its status, and what the person intended in placing it. Which of the following best states the standard courts apply?

Question 4: A grower cuts down a standing tree that was part of the land, detaching it so that it changes from real property into movable personal property that can be hauled away. What is this act of detaching something from the land called?

Question 5: Annually cultivated crops such as corn and wheat, produced through a tenant's labor and requiring yearly planting, are treated differently from trees and perennial plants and are generally regarded as the cultivator's personal property. What term describes these annual crops?

Question 6: Two nearly identical houses sit on opposite sides of a river, yet the ones with the better downtown view sell for far more than the others despite equal amenities. Which economic characteristic of land, tied to location and desirability, best explains that price gap?

Question 7: Because no two parcels of land occupy the same location and each has its own set of geographic coordinates, the law treats every parcel as one of a kind with no true substitute. Which physical characteristic of land does this describe?

Question 8: An owner's land borders a flowing stream, and common law grants the owner rights to use that moving water as it passes the property. Which term describes the water rights of an owner whose land adjoins a river or stream?

Question 9: In an arid western state, the right to use water beyond limited domestic use is controlled by the state, and a landowner must show a beneficial use, such as crop irrigation, to receive a permit. Which doctrine governs water use this way?

Question 10: Ownership of real property is traditionally described as a collection of separate rights that can be divided and individually transferred, including the rights of possession, control, enjoyment, exclusion, and disposition. What is this collection of ownership rights commonly called?

Question 11: An owner deeds land to a church so long as it is used for religious purposes, and the deed provides that title returns automatically to the grantor, without any court action, if that use ever stops. Which of the following BEST identifies the estate the church holds?

Question 12: A buyer takes the most complete ownership the law recognizes in a parcel, holding the fullest bundle of rights for an indefinite time and able to pass it to heirs, limited only by public and private restrictions. Which estate does the buyer hold?

Question 13: A grantor conveys property to a person for the duration of that person's natural life, after which it passes to someone else; while living, the holder may possess, use, and take the profits from the property. Which estate does the holder have?

Question 14: A grantor creates a life estate and, in the same deed, names a third party to receive the property in fee simple once the life estate ends. What is the future interest held by that named third party called?

Question 15: State law automatically protects a portion of the value of a family's primary residence from certain unsecured creditors during the occupant's lifetime, without the owner having to create the protection by any deed. What is this statutorily created protection called?

Question 16: Two adjoining parcels are owned by different people, and one parcel has the right to cross the other to reach a public road; that right transfers with the land whenever the benefited parcel is sold to a new owner. What is this right called?

Question 17: A utility company holds the right to run power lines across several private parcels, and that right belongs to the company itself rather than to any neighboring parcel of land it happens to benefit. What kind of interest is this?

Question 18: An owner sells a rear parcel that has no way to reach any public road except across the seller's remaining land, and a court grants access so the parcel will not be landlocked. Which type of easement does the court recognize?

Question 19: A landowner gives a neighbor informal, oral permission to walk across the yard to reach a fishing spot, a personal privilege that the owner may take back at any time and that ends if the land is sold. What is this permission called?

Question 20: A survey reveals that a neighbor's newly built fence sits two feet over the boundary line, unlawfully extending onto the adjoining owner's land without any permission. What is this unauthorized intrusion of an improvement onto another's property called?

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