Real Estate practice exam

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Real Estate Practice Exam

Test your knowledge with our comprehensive Real Estate practice exam! Designed for aspiring real estate professionals, this quiz covers key concepts and regulations that every agent should know.

21 multiple-choice questions
Improves your understanding of real estate laws
Perfect for certification preparation

21 Questions5 MinutesCreated by NavigatingProperties321

All of the following are correct regarding the Americans with Disabilities Act, EXCEPT:

ADA is intended to eliminate barriers that limit access to persons with disabilities

Owners must make all accessibility modifications with no regard to the cost of improvement

Owners or property open to the public may be required to remove barriers to accessibility.

What term is used to describe a situation in which real estate licensee tells a customer that an advertised property is NOT available for sale when in fact it is?

Restricting

Conspiring

Steering

Blockbusting

What term is used to describe the actions of a broker who induces an owner to list or sell on the basis that the neighborhood is deteriorating due to minority influences?

Steering

Channeling

Conspiring

Blockbusting

A property owner is registered on both the state and federal "do not call " lists. Which statement correctly applies to solicitation calls to this owner by a licensee?

Calls may be made between 9 am and 8 pm

Calls may not be made when representing a buyer

Calls could result in a fine of up to $15,0000

Calls are not permitted when attempting to obtain a listing

A real estate licensee refuses to show properties in high-end neighborhoods to minority buyers. The licensee is engaged in which illegal practice?

Blockbusting

Redirecting

Steering

Redlining

A real estate licensee attempts to INDUCE SELLERS to list and sell their properties by starting rumors that minorities are taking over a neighborhood. What could he or she be charged with?

Blockbusting

Steering

Inducing

Redlining

When may a landlord commingle a tenant's security deposit with other business funds?

When the landlord pays 75% to tenant

When the landlord deposits the funds into a non interest bearing account

When the landlord posts a surety bond

When the landlord places funds into an escrow account

What is property purchased before someone is married?

Entirties

Separate property

Life estate

Joint estate

Joint tenancy is..

Joint venture

Fee estate shared by two or more persons who must have equal and undivided interests

Distinctive characterizes in a joint tenancy

Right of survivorship to the surviving joint tenants

Passes as a will

Is kept by the owner

In a life estate how is ownership passed down to a stranger?

If someone other than the original owner is to recieve the ownership it is called the remainder estate

Its called tenancy at will

Tenancy by entireties

Elective share provides a surviving spouse to be entitled to what percent of the decedent's personal property

20%

30%

10%

What is constructive notice also called

Promissory note

Legal notice

Physical possession

Which term refers to the area between a baseline and a line running parallel to it?

Tier

Range

Section

Acre

What is the term used to describe the party who receives an offer?

Offeree

Offeror

Optioner

Optionee

Which of the following is an example of a unilateral contract?

Purchase and sale contract

Exclusive agency listing contract

Open listing contract

Real Estate practice exam

Real Estate Practice Exam

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