Prep Agent Broker Exam Practice of Real Estate
Accurate Questions with Correct
Detailed Solutions | Latest Updated
Version | High Pass Success
Prepare effectively and boost your confidence with this Premium Final Exam Study Guide,
designed to help students review important concepts, strengthen understanding, and improve
overall exam performance.
This comprehensive resource contains accurate exam-style questions with correct detailed
solutions, carefully organized to reflect commonly tested topics and real exam standards. Each
solution includes clear explanations to help simplify difficult concepts, reinforce learning, and
improve problem-solving skills.
The guide is structured in an easy-to-follow format that supports both early preparation and last-
minute revision, making studying more efficient and less stressful.
🔥 Key Highlights
✔ Accurate exam questions covering essential topics
✔ Correct detailed solutions with clear explanations
✔ Focused review of frequently tested concepts
✔ Simple and organized structure for fast revision
✔ Latest updated version for reliable exam preparation
🚀 Why Students Prefer This Guide
• Helps improve understanding of key concepts
• Supports efficient and effective revision
• Strengthens confidence before exams
• Provides realistic exam-style practice
• Helps identify and improve weak areas
,🎯 Perfect For
• Final exam preparation
• Midterm and course revision
• Last-minute study sessions
• Practicing exam-style questions
• Improving overall academic performance
📚 A trusted and practical study resource designed to help students prepare smarter, stay
confident, and achieve exam success.
The Federal Fair Housing Act states that a prima facie (at first view) case against
a broker for discrimination be established after a complaint has been received
because the broker has failed to do which of the following?
The broker has failed to display a HUD Equal Opportunity poster.
Which of the following persons is authorized to manage property for the general
public?
A licensed Real Estate Broker
Which of the following activities is a violation of the Federal Fair Housing Act?
a nonprofit church that denies access to its retirement home to any person because of
race
A licensee needs 45 hours of continuing education to renew his/her licenses, how
many hours must be consumer protection?
18
The sale of a leased property affects the tenant in which of the following ways?
The tenant is protected by the lease. The new owner must honor the current terms and
conditions of the lease.
The Federal Fair housing law provides for a United States policy of:
Providing fair housing for all persons throughout the United States
When making a loan, amortization tables are used in order to determine the:
Monthly Payment
Bill offered to buy Sam's house. The same day an offer came in from Wendell.
Sam consulted his agent about the offers, and while they were talking the
neighbor came over and weighed in on the conversation, informing Sam that he
would rather not live by Bill because he is a minority. The agent told Sam that he
should not deal with a minority buyer and should deal with Wendell because he is
not a minority. Sam thus accepted Wendell's offer based upon the fact that he
was not a minority. According to fair housing laws, which of the following parties
is not guilty of discrimination?
Wendell
, If a city develops a plan to control its future growth and development, how does it
implement that plan?
zoning
Broker Kiki took a listing on a 10 unit apartment house and wrote up a financial
analysis showing a 12 percent yield on the investment. In the analysis, Kiki did
not allow for a vacancy factor, maintenance expenses, or reserves for
replacement of furniture and equipment. Kiki showed this analysis to Buba who
bought the property. Which of the following describes the above as a possible
violation of Real Estate law:
misrepresentation
What is listed in a profit and loss statement?
Both fixed and variable operating expenses
Per Regulation Z, if a house for sale is advertised in a newspaper and only the
APR is stated,:
additional disclosures are not required
A percentage lease is calculated on a percentage of which of the following?
Gross Sales
The city wishes to use property owned by Pacific Coast Construction to
accommodate an airport expansion. All the studies have been completed, the
project is "green lighted" to move forward, and the city makes an offer to Pacific
Coast. However, the company does not want to sell. What other method may the
city use to acquire the property?
Eminent Domain
In a real estate sales transaction, the amount of the earnest money deposit is
determined by:
the agreement of the parties
The Civil Rights Act of 1866 prohibits discrimination in housing based on which
of the following reasons?
Race
A licensee has negotiated a loan secured by real property and needs to deliver a
mortgage loan disclosure statement to the borrower. When must the disclosure
be provided?
within 3 days of receiving a completed, written loan application
California Coast Homes, Inc. is just opening up a new-home subdivision. To
whom must they give copies of the public report?
Every prospective buyer
When a deposit receipt on the sale of a house states that the property is being
sold "as is," it:
also requires a real estate transfer disclosure statement
Which court case gave rise to the law requiring the seller and agent to make full
disclosure of the condition of the property?
Easton vs. Strassburger
A real estate broker, acting as agent for a landlord, has the following instructions:
1. Collect a larger deposit from single men than from single women or couples;
and 2. Advertise only by encouraging existing, non-minority tenants to solicit
Accurate Questions with Correct
Detailed Solutions | Latest Updated
Version | High Pass Success
Prepare effectively and boost your confidence with this Premium Final Exam Study Guide,
designed to help students review important concepts, strengthen understanding, and improve
overall exam performance.
This comprehensive resource contains accurate exam-style questions with correct detailed
solutions, carefully organized to reflect commonly tested topics and real exam standards. Each
solution includes clear explanations to help simplify difficult concepts, reinforce learning, and
improve problem-solving skills.
The guide is structured in an easy-to-follow format that supports both early preparation and last-
minute revision, making studying more efficient and less stressful.
🔥 Key Highlights
✔ Accurate exam questions covering essential topics
✔ Correct detailed solutions with clear explanations
✔ Focused review of frequently tested concepts
✔ Simple and organized structure for fast revision
✔ Latest updated version for reliable exam preparation
🚀 Why Students Prefer This Guide
• Helps improve understanding of key concepts
• Supports efficient and effective revision
• Strengthens confidence before exams
• Provides realistic exam-style practice
• Helps identify and improve weak areas
,🎯 Perfect For
• Final exam preparation
• Midterm and course revision
• Last-minute study sessions
• Practicing exam-style questions
• Improving overall academic performance
📚 A trusted and practical study resource designed to help students prepare smarter, stay
confident, and achieve exam success.
The Federal Fair Housing Act states that a prima facie (at first view) case against
a broker for discrimination be established after a complaint has been received
because the broker has failed to do which of the following?
The broker has failed to display a HUD Equal Opportunity poster.
Which of the following persons is authorized to manage property for the general
public?
A licensed Real Estate Broker
Which of the following activities is a violation of the Federal Fair Housing Act?
a nonprofit church that denies access to its retirement home to any person because of
race
A licensee needs 45 hours of continuing education to renew his/her licenses, how
many hours must be consumer protection?
18
The sale of a leased property affects the tenant in which of the following ways?
The tenant is protected by the lease. The new owner must honor the current terms and
conditions of the lease.
The Federal Fair housing law provides for a United States policy of:
Providing fair housing for all persons throughout the United States
When making a loan, amortization tables are used in order to determine the:
Monthly Payment
Bill offered to buy Sam's house. The same day an offer came in from Wendell.
Sam consulted his agent about the offers, and while they were talking the
neighbor came over and weighed in on the conversation, informing Sam that he
would rather not live by Bill because he is a minority. The agent told Sam that he
should not deal with a minority buyer and should deal with Wendell because he is
not a minority. Sam thus accepted Wendell's offer based upon the fact that he
was not a minority. According to fair housing laws, which of the following parties
is not guilty of discrimination?
Wendell
, If a city develops a plan to control its future growth and development, how does it
implement that plan?
zoning
Broker Kiki took a listing on a 10 unit apartment house and wrote up a financial
analysis showing a 12 percent yield on the investment. In the analysis, Kiki did
not allow for a vacancy factor, maintenance expenses, or reserves for
replacement of furniture and equipment. Kiki showed this analysis to Buba who
bought the property. Which of the following describes the above as a possible
violation of Real Estate law:
misrepresentation
What is listed in a profit and loss statement?
Both fixed and variable operating expenses
Per Regulation Z, if a house for sale is advertised in a newspaper and only the
APR is stated,:
additional disclosures are not required
A percentage lease is calculated on a percentage of which of the following?
Gross Sales
The city wishes to use property owned by Pacific Coast Construction to
accommodate an airport expansion. All the studies have been completed, the
project is "green lighted" to move forward, and the city makes an offer to Pacific
Coast. However, the company does not want to sell. What other method may the
city use to acquire the property?
Eminent Domain
In a real estate sales transaction, the amount of the earnest money deposit is
determined by:
the agreement of the parties
The Civil Rights Act of 1866 prohibits discrimination in housing based on which
of the following reasons?
Race
A licensee has negotiated a loan secured by real property and needs to deliver a
mortgage loan disclosure statement to the borrower. When must the disclosure
be provided?
within 3 days of receiving a completed, written loan application
California Coast Homes, Inc. is just opening up a new-home subdivision. To
whom must they give copies of the public report?
Every prospective buyer
When a deposit receipt on the sale of a house states that the property is being
sold "as is," it:
also requires a real estate transfer disclosure statement
Which court case gave rise to the law requiring the seller and agent to make full
disclosure of the condition of the property?
Easton vs. Strassburger
A real estate broker, acting as agent for a landlord, has the following instructions:
1. Collect a larger deposit from single men than from single women or couples;
and 2. Advertise only by encouraging existing, non-minority tenants to solicit
