REAL ESTATE SALESPERSON
CERTIFICATION PAPER 2026 FULL
SOLUTION GRADED A+
● If conditions for property use are included in a deed and these
conditions are violated, what is the most severe potential penalty?
Answer: A court may order the return of the property to the original
owner.
● A broker is showing a buyer one of his residential listings. The buyer
says he wants to establish a day care center for seniors in the property.
The property has been used as a day care center for no more than five
children. How should the broker advise this buyer? Answer: Provide the
buyer with contact information for the local planning and zoning office
to confirm the zoning and determine whether it permits his use.
● Refer to the scenario in the figure booklet (see link below) to answer
this question. Should flooding occur and cause damage to the property,
the Parkers should seek payment from Answer: the federally subsidized
flood insurance policy. (FEMA?)
● A property owner died, having willed his real property to his two
daughters. There is still a chance that they could lose the land for a
variety of reasons, but it CANNOT be taken through Answer: escheat.
, ● If all other factors are equal, in which location is a parking lot likely to
bring the highest sales price? Answer: Business district zoned for a six-
story office building.
● A competitive market analysis is MOST often used for Answer: setting
a listing price.
● An appraiser MUST be licensed or certified to handle Federally
related work on residential property valued at more than Answer:
$250,000.
● When compiling a competitive market analysis, a broker would look
for comparable properties that Answer: were located near the property
being listed.
● When preparing a market data estimate of value, which of the
following categories of adjustment is NOT essential? Answer: The
original cost of the building.
● A couple owns an older home in a neighborhood that is becoming a
commercial area. Because of the change in the use of the land, the
couple can expect the value of their parcel to increase at some future
time. This is an example of the principle of Answer: anticipation.
● The FHA functions MOST like Answer: an insurance company.
CERTIFICATION PAPER 2026 FULL
SOLUTION GRADED A+
● If conditions for property use are included in a deed and these
conditions are violated, what is the most severe potential penalty?
Answer: A court may order the return of the property to the original
owner.
● A broker is showing a buyer one of his residential listings. The buyer
says he wants to establish a day care center for seniors in the property.
The property has been used as a day care center for no more than five
children. How should the broker advise this buyer? Answer: Provide the
buyer with contact information for the local planning and zoning office
to confirm the zoning and determine whether it permits his use.
● Refer to the scenario in the figure booklet (see link below) to answer
this question. Should flooding occur and cause damage to the property,
the Parkers should seek payment from Answer: the federally subsidized
flood insurance policy. (FEMA?)
● A property owner died, having willed his real property to his two
daughters. There is still a chance that they could lose the land for a
variety of reasons, but it CANNOT be taken through Answer: escheat.
, ● If all other factors are equal, in which location is a parking lot likely to
bring the highest sales price? Answer: Business district zoned for a six-
story office building.
● A competitive market analysis is MOST often used for Answer: setting
a listing price.
● An appraiser MUST be licensed or certified to handle Federally
related work on residential property valued at more than Answer:
$250,000.
● When compiling a competitive market analysis, a broker would look
for comparable properties that Answer: were located near the property
being listed.
● When preparing a market data estimate of value, which of the
following categories of adjustment is NOT essential? Answer: The
original cost of the building.
● A couple owns an older home in a neighborhood that is becoming a
commercial area. Because of the change in the use of the land, the
couple can expect the value of their parcel to increase at some future
time. This is an example of the principle of Answer: anticipation.
● The FHA functions MOST like Answer: an insurance company.
