Estate 2024 Exam Questions And Answers 2024.

Upon discovering that a salesperson in his office was receiving a referral fee from a local lender for every real estate loan the salesperson referred to the lender, the broker of record in that office took only two actions: He discharged the salesperson, and he warned all other salespersons in the office never to accept such fees. Based only on the foregoing, which of the following is most nearly correct: {Ans: Both broker and salesperson may be subject to disciplinary action by the Commissioner.}An instrument which usually transfer possession of real property, but does not transfer ownership is {Ans: A sublease}A fee simple absolute estate would be best defined as {Ans: The highest interest a person can have in real property}To alienate title to property, one: {Ans: Conveys title}A deed: {Ans: Does not have to be recorded to transfer title.}An easement could be created for what length of time: {Ans: all of the following: Perpetuity, The lifetime of a person, A term of years;}