Free KS-RES Practice Questions

Question 1

At the end of a bakery's lease, the tenant removes commercial ovens and stainless-steel sinks that it bolted and plumbed into the space for its business. The lease is silent, removal occurs before possession ends, and the tenant repairs the damage. How should the equipment be classified?

Accepted Answer

Trade fixtures that remain the tenant's personal property when timely removed and damage is repaired

Answer

Permanent fixtures belonging to the landlord because plumbing is conclusive regardless of the tenant's business purpose or timely removal

Answer

Trade fixtures only if the lease expressly labels the equipment as the tenant's personal property

Answer

Abandoned fixtures because removal is permitted only after the lease term and possession have ended

Question 2

A buyer receives a special warranty deed. After closing, a recorded easement created by an earlier owner is discovered; the seller did not create or permit it during the seller's ownership. Which statement best describes the deed's protection?

Accepted Answer

The deed generally does not warrant against that preexisting defect; separate title-insurance coverage may matter

Answer

The deed gives the same all-period protection as a general warranty deed because the easement was recorded

Answer

Recording the deed extinguished the earlier easement, so no title issue remains

Answer

The seller must defend every superior claim because any warranty deed includes a covenant of warranty forever

Question 3

A comparable sold for $420,000 and has a swimming pool that the subject lacks. Market data support a $25,000 contributory value for the pool, and no other adjustment is needed. What adjusted indication should be attributed to the comparable?

Accepted Answer

$395,000, because a superior feature is subtracted from the comparable

Answer

$445,000, because the pool value is added to the comparable

Answer

$420,000, because buyer preferences make pool adjustments unreliable

Answer

$395,000, after first increasing the subject's value rather than adjusting the comparable

Question 4

A buyer offers $360,000 with closing on June 15. Before signing, the seller changes the price to $370,000, keeps the June 15 closing date, signs, and returns the document. The buyer then announces acceptance of the original $360,000 terms. What is the legal effect?

Accepted Answer

The seller made a counteroffer that rejected the original; the buyer must accept the $370,000 offer for a contract

Answer

A contract formed at $360,000 because the closing date was unchanged

Answer

A contract formed at $370,000 when the seller signed, even without buyer acceptance

Answer

The original offer remains open because the seller did not write 'rejected,' so the buyer's later acceptance forms a $360,000 contract

Question 5

A seller tells the listing agent that a wall was recently paneled to hide active foundation movement and instructs the agent not to mention it. Which response satisfies the agent's duties?

Accepted Answer

Refuse to conceal the known material defect, make the required disclosure, and recommend qualified evaluation

Answer

Honor the instruction because confidentiality always overrides disclosure to buyers

Answer

Remain silent unless a buyer asks a question specifically about the concealed wall

Answer

Immediately cancel the listing, report the seller to the licensing authority, and refuse all further communication about the property

Question 6

A condominium association enforces a no-pets rule. A resident with a disability requests an assistance animal that provides disability-related support; the disability-related need is established. How should the association respond under federal fair housing law?

Accepted Answer

Make a reasonable accommodation to the no-pets rule without a pet fee, while retaining the right to charge for actual damage

Answer

Deny the request unless the animal has formal service-dog certification and obedience records

Answer

Approve the animal but collect the standard pet deposit and monthly pet fee

Answer

Require the resident to transfer to a designated ground-floor unit so the association can preserve the no-pets rule in every other unit

Question 7

A certified radon test reports 4.6 pCi/L in a home under contract. The buyer asks what the number means. Which interpretation is accurate?

Accepted Answer

EPA guidance recommends mitigation at 4 pCi/L or higher; the buyer's contractual choices depend on the agreement

Answer

Treat the home as an immediate evacuation hazard and suspend the sale until a later certified reading falls below 4 pCi/L

Answer

No response is recommended because mitigation guidance begins only above 5 pCi/L

Answer

Federal law automatically requires the seller to install a mitigation system before closing

Question 8

During an inspection of a 1940s house, damaged pipe insulation is crumbling and may contain asbestos. The buyer asks the salesperson to scrape off a sample for laboratory testing. What should the salesperson do first?

Accepted Answer

Avoid disturbing the material and recommend assessment or sampling by a qualified asbestos professional

Answer

Collect a small sample in a sealed bag because laboratory confirmation is the only relevant concern

Answer

Wet the insulation before scraping it so airborne fibers are unlikely to create a problem

Answer

Assure the buyer that a small damaged area is harmless unless the seller has an asbestos report

Question 9

A mortgage creditor has received the consumer's name, income, Social Security number, property address, and requested loan amount, but not an estimated property value. Which event starts the TRID three-business-day Loan Estimate clock?

Accepted Answer

Receipt of the estimated property value, completing the six-piece application

Answer

Receipt of the five items already provided, because the property address substitutes for value

Answer

Execution of the purchase contract and payment of the appraisal fee

Answer

Completion of underwriting after income, assets, and collateral are verified

Question 10

A buyer contracts for $310,000. The appraisal is $295,000, and the requested conventional loan is $247,800. The lender uses the lesser of price or appraised value. What is the LTV and the usual mortgage-insurance implication?

Accepted Answer

84%; the loan is above 80% LTV, so borrower-paid PMI is ordinarily expected

Answer

79.9%; divide by the contract price, so PMI is ordinarily unnecessary

Answer

81.9%; divide by the average of price and appraisal, then round upward

Answer

84%; PMI is ordinarily unnecessary because the down payment exceeds 15% of the contract price

Free KS-RES Practice Questions

Domain 1: Real Property Characteristics, Legal Descriptions, and Property Use

Question 1

Domain 2: Forms of Ownership, Transfer, and Recording of Title

Question 2

Domain 3: Property Value and Appraisal

Question 3

Domain 4: Real Estate Contracts and Agency

Question 4

Question 5

Domain 5: Real Estate Practice

Question 6

Domain 6: Property Disclosures and Environmental Issues

Question 7

Question 8

Domain 7: Financing and Settlement

Question 9

Domain 8: Real Estate Math Calculations

Question 10

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