A state charges transfer tax of $0.50 per $500 of the sales price. What is the transfer tax on a $310,000 sale?
- $620
- $155
- $310Correct
- $1,550
Rationale
310,000 / 500 = 620 taxable units. 620 x 0.50 = 310, so the transfer tax is $310.
National Real Estate · Content Area
Property Ownership
Property Ownership is a content area on the National Real Estate Exam (Salesperson & Broker) (National Real Estate), administered by State real estate commissions (administered by PSI and Pearson VUE). It falls under the Real Estate category.
Domain Details
| Detail | Information |
|---|---|
| Domain | Property Ownership |
| Exam | National Real Estate Exam (Salesperson & Broker) (National Real Estate) |
| Domain Weight | , |
| Governing Body | State real estate commissions (administered by PSI and Pearson VUE) |
| Available in App | Real Estate License Exam Prep |
| Official Source | State real estate commissions (administered by PSI and Pearson VUE) official website ↗ |
Try a Practice Question
Sample National Real Estate Practice Question
This original C3RT practice item is from the National Real Estate question bank. It is not an official or released exam question.
National Real Estate Property Ownership: FAQ
How much of the National Real Estate covers Property Ownership?
Property Ownership is one of 9 content areas tested on the National Real Estate. State real estate commissions (administered by PSI and Pearson VUE) does not publish specific domain weightings for this exam, but Property Ownership appears in the official exam objectives. The C3RT app covers all 9 content areas.
What is the National Real Estate exam format and how does Property Ownership fit in?
The National Real Estate has 9 content areas. Property Ownership is content area 1 of 9. The other content areas are Land Use Controls and Regulations, Valuation and Market Analysis, Financing, General Principles of Agency, Property Disclosures, Contracts, Practice of Real Estate, Real Estate Calculations.
How do I study for the Property Ownership section of the National Real Estate?
Targeted practice by content area is the most effective approach. The C3RT Real Estate License Exam Prep app for iOS and Mac tags every practice question by content area, so you can isolate Property Ownership questions, track your accuracy, and focus study time on your weak spots. Combine focused practice sets with full-length timed mock exams as your test date approaches.
How many questions are on the National Real Estate and what is the passing score?
The National Real Estate is administered by State real estate commissions (administered by PSI and Pearson VUE). Visit the official State real estate commissions (administered by PSI and Pearson VUE) website for the current exam format, question count, and time limits, as these can change between exam versions. The C3RT app covers all current content areas including Property Ownership.
Where can I find official State real estate commissions (administered by PSI and Pearson VUE) resources for Property Ownership?
The official source for National Real Estate content outlines and study resources is the State real estate commissions (administered by PSI and Pearson VUE) website. The exam blueprint, which details all content areas including Property Ownership, is published there. C3RT is not affiliated with State real estate commissions (administered by PSI and Pearson VUE). It is a third-party practice platform that supplements official materials with thousands of practice questions, flashcards, and study tools across all 9 content areas.
Property Ownership is a content area on the National Real Estate Exam (Salesperson & Broker) (National Real Estate), a Real Estate exam administered by State real estate commissions (administered by PSI and Pearson VUE). C3RT is not affiliated with State real estate commissions (administered by PSI and Pearson VUE). Certification names and trademarks are the property of their respective organisations. Official exam information is available at the State real estate commissions (administered by PSI and Pearson VUE) website.