National & Indiana State Real Estate Exam Questions With Correct|100% Verified (Grade A+) Latest Updated 2026/2027

NATIONAL & INDIANA STATE REAL
ESTATE EXAM QUESTIONS WITH
CORRECT|100% VERIFIED (GRADE A+)
LATEST UPDATED 2026/2027
AGpurchaseGcontractGrequiredGthatGtheGpropertyGbeGfreeGofGtenantsGwhenGtheGpropertyGconveyanceGocc
urred.GOnGtheGdayGofGclosing,GtheGtenantsGwereGstillGlivingGinGtheGproperty.GWhoGisGresponsibleGforGensuri
ngGthatGtenantsGvacatedGtheGpropertyGpriorGtoGclosing?G-GCORRECTGANSWER-TheGseller



AGrealGestateGbrokerGentersGintoGanGagreementGtoGrepresentGaGbuyerGwhoGisGseekingGaGpropertyGtoGpurc
hase,GandGremainsGaGsingleGagentGthroughoutGtheGtransaction.GAGsellerGwithGwhomGthisGbrokerGnegotiate
sGisGthisGbroker'sG-GCORRECTGANSWER-Customer



AnGinvestorGhasGcomeGtoGtheGbrokerGbecauseGheGmayGbeGinterestedGinGsellingGoneGofGhisGresidentialGprop
erties.GHisGfamilyGhasGownedGtheGeightGunitGbuildingGforGseveralGyearsGandGhaveGkeptGaccurateGrecordsGo
fGincomeGexpenses.GTheGinvestorGbringsGoutGaGfileGofGlavishGimprovementsGthatGheGhasGcompletedGinsideG
eachGofGtheGunits.GInGthisGsituationGwhatGisGmostGimportantGforGtheGbrokerGtoGexploreGbeforeGcounselingG
theGinvestorsGandGputtingGhisGunitsGonGtheGmarket?G-GCORRECTGANSWER-
ExplainGthatGheGwillGdevelopGhisGopinionGofGvalveGbyGusingGtheGincomeGapproachGthatGtheGinvestorsGmayG
notGbeGableGtoGrecoverGallGtheGcostsGofGhisGimprovements.



AGbrokerGhasGaGlistingGagreementGtoGdeliverGtoGhisGout-of-
townGtoGtheGpropertyGtoGsecureGtheGlisting.GtheGagreementG-GCORRECTGANSWER-
mayGbeGinGelectronicGformat



WorkingGtoGconvinceGaGpotentialGbuyerGthatGaGsingle-
familyGhouseGnearGaGuniversityGcouldGbeGconvertedGtoGstudentGhousing.GAGbrokerGguaranteesGtheGbuyerG
aGsubstantialGprofit.GSuchGaGguaranteeG-GCORRECTGANSWER-
ConstitutesGfailureGtoGengageGinGcompetentGpracticeGunderGtheGrealGestateGrulesGandGregulations



AGrecentlyGreviewedGwidowedGfarmGownerGhasGcalledGaGbrokerGtoGlistGaGone-
acreGbuildingGsiteGinGorderGtoGraiseGmoneyGtoGpayGtheGpropertyGtaxes.GHowGshouldGtheGbrokerGproceed.G-
GCORRECTGANSWER-

ContactGtheGmunicipalityGtoGdetermineGifGthisGisGpossible,GandGthenGhaveGaGsurveyorGprepareGtheGdescrip
tion.

, AGlistingGbrokerGhasGrecentlyGsoldGaGhouseGtoGanGinvestor,GPriorGtoGmakingGanGoffer,GtheGinvestorGtoldGth
eGbrokerGheGplannedGtoGturnGtheGlargeGpropertyGintoGapartments.GItGwasGthatGhadGmanyGmulti-
familyGproperties.GTheGbuyerGhasGnowGdiscoveredGthatGtheGotherGpropertiesGareGnon-
conforming,GandGthatGtheGareaGisGzonedGsingleGfamily.GTheGbroker:G-GCORRECTGANSWER-
ShouldGhaveGadvisedGtheGbuyerGtoGcheckGtheGzoningGregulationsGinGtheGareaGbeforeGpurchasingGproperty.



AGrealGestateGprofessionalGworkingGwithGaGbuyerGhasGdisclosedGtheGoptionsGforGrepresentationGunderGsta
teGlawGbutGhasGnotGsignedGaGbuyerGrepresentationGagreementGandGconsidersGthatGbuyerGaGcustomer.GWh
ileGshowingGtheGbuyerGaGproperty,GwhichGofGtheGfollowingGstatementsGbyGtheGprofessionalGcouldGcreateGi
mpliedGagencyGinGaGjurisdictionGwhereGtheGcommonGlawGofGagencyGprevails?G-GCORRECTGANSWER-
YouGshouldGofferG$20,000GlessGthanGtheGaskingGpriceGdueGtoGtheGrepairsGneededGonGtheGproperty.



AGsellerGisGunhappyGwithGtheGeffortGbeingGputGforthGbyGtheGlistingGbrokerGandGwishesGtoGterminateGtheGlis
tingGandGresistGwithGaGdifferentGbroker.GHowGshouldGtheGbrokerGadviseGtheGseller?G-GCORRECTGANSWER-
TellGtheGsellerGtoGaskGtheGlistingGbrokerGtoGagreeGtoGterminateGtheGlisting.GAgencyGisGaGbilateralGrelationsh
ipGwhichGmayGbeGterminatedGbyGmutualGagreement.



SellerGAGenteredGintoGanGoptionGcontractGwithGBuyerGB.GTheGcontractGallowedGforGaGpriceGofG$200,000Gw
hichGsellerGAGhonorGforGaG12GmonthGperiodGexclusivelyGforGbuyerGB.GThisGwouldGbeGanGexampleGof:G-
GCORRECTGANSWER-UnilateralGcontactGinGwhichGonlyGBuyerGBGhasGmadeGaGpromiseGtoGperform




AGlicenseeGrepresentingGaGsellerGhasGwhichGofGtheGfollowingGduties.G-GCORRECTGANSWER-
AdvisingGtheGsellerGtoGobtainGadviceGaboutGmaterialGmatterGbeyondGtheGlicensee'sGexpertise.



AGbrokerGhiresGanGinactiveGbrokerGtoGconductGopenGhouses.GWhichGofGtheGfollowingGstatementsGaboutGth
isGsituationGisGCORRECT?G-GCORRECTGANSWER-
TheGbrokerGmayGfaceGdisciplinaryGactionGforGincompetentGpractice.



AGpropertyGisGlistedGatG$450,000,GandGtheGprequalifiedGbuyerGbelievesGnoGadditionalGfinancingGwillGbeGne
eded.GTheGbuyerGthenGnotifiesGtheGpropertyGisGencumberedGwithG#30,000Gmortgage.GTheGbuyer'sGahemG
advisesGhisGbuyerGtoGassumeGequityGbyGpayingGtheG$30,000Gmortgage.GTheGdeedGtoGtheGbuyerGwasGexem
ptGandGtheGloanGdidGnotGfund.GWhenGtheGmortgageGdebtGwasGnotGpaid,GtheGmortgageGwasGforeclosed.GW
hoGisGliableGforGtheGforeclosure?G-GCORRECTGANSWER-Buyer