Pearson Vue Real Estate Practice
Exam Questions and Answers 100%
PASS
Under the law of agency, a broker's responsibility to the principal is? - CORRECT
ANSWER-Exercise Care, obedience, accounting and disclosure
Which of the following items would have to be disclosed to prospective buyers by
the listing broker? - CORRECT ANSWER-A defect existing in the property being
offered.
Under a sales contract, the legal remedy that MAY be used to force the seller to
consummate the sale is called? - CORRECT ANSWER-Specific Performance
A homeowner who plans to travel for a year asks a real estate firm to rent the
house for this period and indicates a preference for a white family rather than a
black family, "if at all possible." Under the Federal Fair Housing Act, the broker
should inform that these instructions? - CORRECT ANSWER-Can't be followed
because they violate the act
Items permanently attached to real property are considered? - CORRECT
ANSWER-Fixtures
, The income approach is most likely to be used when determining the value of an? -
CORRECT ANSWER-Office building
A property manager works in the best interest of the? - CORRECT ANSWER-
Owner
An agreement that restricts the use and occupancy of real estate, is part of a
conveyance, and is binding on all subsequent buyers is called? - CORRECT
ANSWER-Covenant
When a married couple takes title to a property as tenants in common, they have
elected a form of ownership that allows for? - CORRECT ANSWER-Unequal
shares of Ownership
A loan that provides for increases and decreases in the interest rate during its term
is known as? - CORRECT ANSWER-An ARM, adjustable-rate mortgage
A minority couple asks a licensee to show them a listed house. The licensee
suggests that they look at houses in areas with larger minority populations than
that of the listed house. What is the licensee guilty of? - CORRECT ANSWER-
Steering
In a real estate closing, the buyer generally pays for the? - CORRECT ANSWER-
recording of a new mortgage
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
Exam Questions and Answers 100%
PASS
Under the law of agency, a broker's responsibility to the principal is? - CORRECT
ANSWER-Exercise Care, obedience, accounting and disclosure
Which of the following items would have to be disclosed to prospective buyers by
the listing broker? - CORRECT ANSWER-A defect existing in the property being
offered.
Under a sales contract, the legal remedy that MAY be used to force the seller to
consummate the sale is called? - CORRECT ANSWER-Specific Performance
A homeowner who plans to travel for a year asks a real estate firm to rent the
house for this period and indicates a preference for a white family rather than a
black family, "if at all possible." Under the Federal Fair Housing Act, the broker
should inform that these instructions? - CORRECT ANSWER-Can't be followed
because they violate the act
Items permanently attached to real property are considered? - CORRECT
ANSWER-Fixtures
, The income approach is most likely to be used when determining the value of an? -
CORRECT ANSWER-Office building
A property manager works in the best interest of the? - CORRECT ANSWER-
Owner
An agreement that restricts the use and occupancy of real estate, is part of a
conveyance, and is binding on all subsequent buyers is called? - CORRECT
ANSWER-Covenant
When a married couple takes title to a property as tenants in common, they have
elected a form of ownership that allows for? - CORRECT ANSWER-Unequal
shares of Ownership
A loan that provides for increases and decreases in the interest rate during its term
is known as? - CORRECT ANSWER-An ARM, adjustable-rate mortgage
A minority couple asks a licensee to show them a listed house. The licensee
suggests that they look at houses in areas with larger minority populations than
that of the listed house. What is the licensee guilty of? - CORRECT ANSWER-
Steering
In a real estate closing, the buyer generally pays for the? - CORRECT ANSWER-
recording of a new mortgage
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
