1
PEARSON VUE CASUALTY INSURANCE PRACTICE
EXAM FINAL EXAM VERSION 2 NEWEST ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the
law of agency to state ONLY those terms that are
a. included in the listing agreement
b. based on the brokers evaluation of prevailing prices and terms
c. favorable for the seller, as determined by the broker
d. attractive to buyers, as determined by the broker - - ANS✔️--a. included in the listing
agreement
,2
a lot measuring 110 feet wide by 140 feet deep has a required setback of 30 feet in front, 20 feet
in the rear, and 20 feet on each side. if a builder wants to put a one-story building on the lot, the
MAXIMUM square footage it can contain is
a. 3,300 sq ft
b. 3,600 sq ft
c. 6,300 sq ft
d. 6,600 sq ft - - ANS✔️--c. 6,300 sq ft
a house with a market value of $80,000 is located where property is assessed at 70% of market
value. if the tax rate is $4 per $100 of assessed value, the property taxes are
a. $224
b. $960
c. $2,240
d. $3,200 - - ANS✔️--c. $2,240
a broker charges a leasing fee of one-half of the first months rent and a management fee of 8% of
all rents collected. the broker negotiates a two-year lease at a monthly rental of $550. which of
the following amounts will the broker earn on this lease
a. $1,378
b $1,331
, 3
c. $1,287
d. $1,056 - - ANS✔️--b. $1,331
a property manager works in the BEST interests of the
a. tenant
b. owner
c. agent
d. bank - - ANS✔️--b. owner
in reviewing the deed to a listed property, a licensee noted a number of limitations regarding its
use. these limitations aare commonly known as:
A. Codicils
B. constraints
C. building codes
D. restricted covenants - - ANS✔️--D. Restricted covenants
the price at which a willing and informed buyer would buy and a willing and informed seller
would sell is called the
a. assessed value
b. book value
PEARSON VUE CASUALTY INSURANCE PRACTICE
EXAM FINAL EXAM VERSION 2 NEWEST ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the
law of agency to state ONLY those terms that are
a. included in the listing agreement
b. based on the brokers evaluation of prevailing prices and terms
c. favorable for the seller, as determined by the broker
d. attractive to buyers, as determined by the broker - - ANS✔️--a. included in the listing
agreement
,2
a lot measuring 110 feet wide by 140 feet deep has a required setback of 30 feet in front, 20 feet
in the rear, and 20 feet on each side. if a builder wants to put a one-story building on the lot, the
MAXIMUM square footage it can contain is
a. 3,300 sq ft
b. 3,600 sq ft
c. 6,300 sq ft
d. 6,600 sq ft - - ANS✔️--c. 6,300 sq ft
a house with a market value of $80,000 is located where property is assessed at 70% of market
value. if the tax rate is $4 per $100 of assessed value, the property taxes are
a. $224
b. $960
c. $2,240
d. $3,200 - - ANS✔️--c. $2,240
a broker charges a leasing fee of one-half of the first months rent and a management fee of 8% of
all rents collected. the broker negotiates a two-year lease at a monthly rental of $550. which of
the following amounts will the broker earn on this lease
a. $1,378
b $1,331
, 3
c. $1,287
d. $1,056 - - ANS✔️--b. $1,331
a property manager works in the BEST interests of the
a. tenant
b. owner
c. agent
d. bank - - ANS✔️--b. owner
in reviewing the deed to a listed property, a licensee noted a number of limitations regarding its
use. these limitations aare commonly known as:
A. Codicils
B. constraints
C. building codes
D. restricted covenants - - ANS✔️--D. Restricted covenants
the price at which a willing and informed buyer would buy and a willing and informed seller
would sell is called the
a. assessed value
b. book value
