CE SHOP COMPREHENSIVE EXAM SCRIPT COMPLETE QUESTIONS VERIFIED
SOLUTIONS
CE SHOP Comprehensive Final EXAM 2026/2027
Questions and Answers Verified Solutions Latest
Update
Question:
What's true about chlorofluorocarbons (CFCs)?
Answer:
They are nontoxic
Question:
Karen meets the experience requirements related to credit analysis and underwriting to qualify as a
mortgage broker. At a minimum, how many years' experience does she have?
Answer:
Two
Question:
Which of the following is true about positive misrepresentation?
Answer:
A principal was harmed by the misstatement.
Question:
Nonresident applicants applying for New York real estate licensure must agree to submit to the
jurisdiction of New York courts. What form must they also complete?
Answer:
Irrevocable consent and designation form
,Question:
Whether commercial, agricultural, residential, or industrial, all real property within a jurisdiction
has which of the following characteristics?
Answer:
All are assessed.
Question:
Tess has $385 in monthly non-housing debt obligations, and her anticipated mortgage payment is
$1,103. Her gross income is $7,598, and her net income is $5,815. What's her total DTI
(debt-to-income ratio)?
Answer:
19.58%
Question:
Margie loves to shop at the neighborhood shopping center near her. The location is so convenient,
and the parking lot is easy to get in and out of, even though there can be a lot of traffic at certain
times of the day. Where is Margie's neighborhood shopping center located?
Answer:
On a corner-lot, at the intersection of two major throroughfares
Question:
What is a binder?
Answer:
A written outline of the sales transaction
Question:
When marketing a commercial space to investor, what information will they likely be most
interested in?
Answer:
, Cash flow analysis and projections.
Question:
Gina is a tax assessor. Which of the following is true about her job?
Answer:
She compares nearby property sales to determine market value.
Question:
How many anchor stores does a super-regional shopping center normally have?
Answer:
three or more
Question:
What "quick and dirty" investment formula seeks to achieve a percentage of gross monthly rental
income as compared to purchase price?
Answer:
2%
Question:
Which of the following is a type of loose-fill insulation?
Answer:
Vermiculite
Question:
Which type of financing do active investors generally seek?
Answer:
Non-conventional
SOLUTIONS
CE SHOP Comprehensive Final EXAM 2026/2027
Questions and Answers Verified Solutions Latest
Update
Question:
What's true about chlorofluorocarbons (CFCs)?
Answer:
They are nontoxic
Question:
Karen meets the experience requirements related to credit analysis and underwriting to qualify as a
mortgage broker. At a minimum, how many years' experience does she have?
Answer:
Two
Question:
Which of the following is true about positive misrepresentation?
Answer:
A principal was harmed by the misstatement.
Question:
Nonresident applicants applying for New York real estate licensure must agree to submit to the
jurisdiction of New York courts. What form must they also complete?
Answer:
Irrevocable consent and designation form
,Question:
Whether commercial, agricultural, residential, or industrial, all real property within a jurisdiction
has which of the following characteristics?
Answer:
All are assessed.
Question:
Tess has $385 in monthly non-housing debt obligations, and her anticipated mortgage payment is
$1,103. Her gross income is $7,598, and her net income is $5,815. What's her total DTI
(debt-to-income ratio)?
Answer:
19.58%
Question:
Margie loves to shop at the neighborhood shopping center near her. The location is so convenient,
and the parking lot is easy to get in and out of, even though there can be a lot of traffic at certain
times of the day. Where is Margie's neighborhood shopping center located?
Answer:
On a corner-lot, at the intersection of two major throroughfares
Question:
What is a binder?
Answer:
A written outline of the sales transaction
Question:
When marketing a commercial space to investor, what information will they likely be most
interested in?
Answer:
, Cash flow analysis and projections.
Question:
Gina is a tax assessor. Which of the following is true about her job?
Answer:
She compares nearby property sales to determine market value.
Question:
How many anchor stores does a super-regional shopping center normally have?
Answer:
three or more
Question:
What "quick and dirty" investment formula seeks to achieve a percentage of gross monthly rental
income as compared to purchase price?
Answer:
2%
Question:
Which of the following is a type of loose-fill insulation?
Answer:
Vermiculite
Question:
Which type of financing do active investors generally seek?
Answer:
Non-conventional
