Real Estate School of SC at Charleston SC 60Hour Unit I Salesperson PreLicensing Course Exam
Question 1. Which of the following is considered real property?
- A portable dishwasher
- A built-in fireplace
- A freestanding bookshelf
- A movable shed
Answer: B
Explanation: A built-in fireplace is considered real property because it is
permanently attached to the land or structure and would transfer with the sale.
Question 2. The "bundle of rights" associated with real property ownership includes all of the following EXCEPT: 1 / 4
Real Estate School of SC at Charleston SC 60Hour Unit I Salesperson PreLicensing Course Exam
- The right to possess
- The right to sell
- The right to destroy property to harm neighbors
- The right to lease
Answer: C
Explanation: The bundle of rights allows an owner to possess, use,
encumber, lease, and sell property, but not to use it in ways that harm others or violate laws.
Question 3. Which form of ownership involves property held by one individual only?
- Joint tenancy 2 / 4
Real Estate School of SC at Charleston SC 60Hour Unit I Salesperson PreLicensing Course Exam
- Tenancy in common
- Severalty
- Tenancy by the entirety
Answer: C
Explanation: Ownership in severalty means sole ownership by a single
person or entity.
Question 4. Which of the following is a characteristic of tenancy in common?
- Survivorship rights
- Equal shares required
- Owners may have unequal shares 3 / 4
Real Estate School of SC at Charleston SC 60Hour Unit I Salesperson PreLicensing Course Exam
- Requires marriage
Answer: C
Explanation: Tenancy in common allows co-owners to hold unequal
interests and does not include right of survivorship.
Question 5. A joint tenancy differs from tenancy in common because:
- It allows unequal ownership
- It includes the right of survivorship
- It does not allow any co-owner to sell their interest
- It is only for married couples
Answer: B
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