Leasing License Practice Exam

Which of the following is considered a "unit" under the Residential Real Property Disclosure form?

1. A multi-family apartment complex

2. A group of rooms occupied as separate living quarters

3. Any residential land

4. A commercial building

The correct answer is: A group of rooms occupied as separate living quarters

The correct answer is that a "unit" under the Residential Real Property Disclosure form refers specifically to a group of rooms occupied as separate living quarters. This definition aligns with the concept of a residential unit, which typically includes spaces that provide separate living accommodations for individuals or families. In the context of residential real estate, a unit can represent an apartment, condo, or any fixed space designed for individual habitation. The significance of this classification lies in its application to disclosure requirements, ensuring that potential renters or buyers are made aware of any material defects or issues affecting that specific living space. Other options, while related to real estate, do not fit the definition of a "unit" under this form. A multi-family apartment complex refers to an entire building containing multiple units, rather than a single living space. Residential land, on the other hand, does not imply the existence of a dwelling on the property, so it would not qualify as a defined unit for the purposes of disclosure. Lastly, a commercial building pertains to properties used for business purposes and therefore falls outside the framework of residential units entirely.