Real Estate practice exam
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
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%
5%
What is constructive notice also called
Promissory note
Legal notice
Physical possession
What is the distance between meridians?
5 miles
6 miles
10 miles
15 miles
How many square feet are in one acre?
43650
43560
45360
45630
How many acres are in a section?
5280
640
100
36
How many sections does a township contain?
24
30
140
36
What term refers to the area between meridians?
Range
Tier
Section
Acre
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
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