REAL ESTATE EXAM vc vc
Exam Solution vc
NATIONAL REAL ESTATE EXAM 2026 A+ GRADE ASSURE vc vc vc vc vc vc vc
D COMPLETE SOLUTIONS AND VERIFIED ANSWERS (67
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4DA)
QUESTION 1 vc
In most cases, broker compensation, as a percentage of home price, falls somewhere bet
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ween:
ANSWER
5-7%
QUESTION 2 vc
A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Unde
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r the federal Fair Housing Act, is this legal?
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ANSWER
Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Ho
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using Act vc
QUESTION 3 vc
What happens to trade fixtures after a business moves out of a leased property?
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ANSWER
The tenant removes their trade fixtures and takes them upon moving out.
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QUESTION 4 vc
Suppose that a borrower has a gross monthly income of $3,000 and wants to qualify for
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a conforming loan (total debt service ratio of 36%) with a monthly PITI payment of $800
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. What is the maximum amount of additional long-
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term obligations this borrower may have after PITI?
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,ANSWER
$280
QUESTION 5 vc
A square bedroom measures 10 feet by 10 feet. What is the area of the room?
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ANSWER
100 square feet
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QUESTION 6 vc
Which of these is an economic characteristic that makes land a distinctive commodity?*
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ANSWER
situs
QUESTION 7 vc
In a fixed-rate mortgage that is fully amortized, the total amount of interest to be paid is:
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ANSWER
predetermined
QUESTION 8 vc
Which is exempt from the federal Fair Housing Act?
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ANSWER
renting a room in a house occupied by the owner
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QUESTION 9 vc
The Americans with Disabilities Act applies to:
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ANSWER
privately owned or government-owned public accommodations
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QUESTION 10 vc
Condemnation is the act of seizing private property from citizens. What gives the govern
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ment the right to do this?
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, ANSWER
eminent domain vc
QUESTION 11 vc
The PHYSICAL characteristics of land are that land is indestructible, non-
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homogenous, and: vc
ANSWER
immobile
QUESTION 12 vc
Which statement BEST defines the term contingency?
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ANSWER
stipulation that must be satisfied before the contract can be performed
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QUESTION 13 vc
If a borrower is behind on payments, the acceleration clause gives the lender the ability t
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o:
ANSWER
call the entire loan balance due immediately
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QUESTION 14 vc
A metes and bounds legal description always returns to:
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ANSWER
the point of beginning
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QUESTION 15 vc
What should a license holder do if a client instructs them to do something that would dis
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criminate against a protected class? vc vc vc vc
ANSWER
advise the client they cannot legally discriminate against certain groups
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Exam Solution vc
NATIONAL REAL ESTATE EXAM 2026 A+ GRADE ASSURE vc vc vc vc vc vc vc
D COMPLETE SOLUTIONS AND VERIFIED ANSWERS (67
vc vc vc vc vc vc
4DA)
QUESTION 1 vc
In most cases, broker compensation, as a percentage of home price, falls somewhere bet
vc vc vc vc vc vc vc vc vc vc vc vc vc
ween:
ANSWER
5-7%
QUESTION 2 vc
A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Unde
vc vc vc vc vc vc vc vc vc vc vc vc vc vc
r the federal Fair Housing Act, is this legal?
vc vc vc vc vc vc vc vc
ANSWER
Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Ho
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using Act vc
QUESTION 3 vc
What happens to trade fixtures after a business moves out of a leased property?
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ANSWER
The tenant removes their trade fixtures and takes them upon moving out.
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QUESTION 4 vc
Suppose that a borrower has a gross monthly income of $3,000 and wants to qualify for
vc vc vc vc vc vc vc vc vc vc vc vc vc vc vc vc
a conforming loan (total debt service ratio of 36%) with a monthly PITI payment of $800
vc vc vc vc vc vc vc vc vc vc vc vc vc vc vc
. What is the maximum amount of additional long-
vc vc vc vc vc vc vc vc
term obligations this borrower may have after PITI?
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,ANSWER
$280
QUESTION 5 vc
A square bedroom measures 10 feet by 10 feet. What is the area of the room?
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ANSWER
100 square feet
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QUESTION 6 vc
Which of these is an economic characteristic that makes land a distinctive commodity?*
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ANSWER
situs
QUESTION 7 vc
In a fixed-rate mortgage that is fully amortized, the total amount of interest to be paid is:
vc vc vc vc vc vc vc vc vc vc vc vc vc vc vc vc
ANSWER
predetermined
QUESTION 8 vc
Which is exempt from the federal Fair Housing Act?
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ANSWER
renting a room in a house occupied by the owner
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QUESTION 9 vc
The Americans with Disabilities Act applies to:
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ANSWER
privately owned or government-owned public accommodations
vc vc vc vc vc
QUESTION 10 vc
Condemnation is the act of seizing private property from citizens. What gives the govern
vc vc vc vc vc vc vc vc vc vc vc vc vc
ment the right to do this?
vc vc vc vc vc
, ANSWER
eminent domain vc
QUESTION 11 vc
The PHYSICAL characteristics of land are that land is indestructible, non-
vc vc vc vc vc vc vc vc vc vc
homogenous, and: vc
ANSWER
immobile
QUESTION 12 vc
Which statement BEST defines the term contingency?
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ANSWER
stipulation that must be satisfied before the contract can be performed
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QUESTION 13 vc
If a borrower is behind on payments, the acceleration clause gives the lender the ability t
vc vc vc vc vc vc vc vc vc vc vc vc vc vc vc
o:
ANSWER
call the entire loan balance due immediately
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QUESTION 14 vc
A metes and bounds legal description always returns to:
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ANSWER
the point of beginning
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QUESTION 15 vc
What should a license holder do if a client instructs them to do something that would dis
vc vc vc vc vc vc vc vc vc vc vc vc vc vc vc vc
criminate against a protected class? vc vc vc vc
ANSWER
advise the client they cannot legally discriminate against certain groups
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