INTRODUCTION TO REAL ESTATE AND REAL PROPERTY
ALL YOU NEED TO KNOW EXAM GRADED A+ WITH
ELABORATE QUESTIONS AND ANSWERS 2025-2026
A licensed real estate professional acting as a point of contact between two or more
people in negotiating the sale, rental, or purchase of a property is known as a(n)
a. Sales affiliate
b. Sponsoring broker
c. Property Manager
d. Appraiser
b. Sponsoring broker
All of the following would affect demand EXCEPT:
a. population
b. demographics
c. wage levels
d. government fiscal policy
d. government fiscal policy
The two characteristics of real estate that govern the way the market reacts to supply
and demand are:
a. financing and appraisal
b. mobility and conformity
c. uniqueness and immobility
d. demographics and interest rates
c. uniqueness and immobility
Real estate markets are best described as:
, a. mobile
b. balanced
c. local
d. immune to supply and demand forces
c. local
Certain items on the premises that are installed by the tenant and are related to the
tenant's business are called:
a. fixtures
b. emblements
c. trade fixtures
d. easements
c. trade fixtures
Which of the following is NOT described as personal property?
a. chattels
b. trade fixtures
c. emblements
d. fixtures
d. fixtures
Real Estate is defined as:
a. The earth's surface extending downward to the center of the earth and upward to infinity.
b. Interest, rights, and benefits that are included in the ownership of Real Estate.
c. Land at above and below the earth's surface plus all things permanently attached to it.
d. The ownership of Real Estate
c. Land at above and below the earth's surface plus all things permanently attached to it.
ALL YOU NEED TO KNOW EXAM GRADED A+ WITH
ELABORATE QUESTIONS AND ANSWERS 2025-2026
A licensed real estate professional acting as a point of contact between two or more
people in negotiating the sale, rental, or purchase of a property is known as a(n)
a. Sales affiliate
b. Sponsoring broker
c. Property Manager
d. Appraiser
b. Sponsoring broker
All of the following would affect demand EXCEPT:
a. population
b. demographics
c. wage levels
d. government fiscal policy
d. government fiscal policy
The two characteristics of real estate that govern the way the market reacts to supply
and demand are:
a. financing and appraisal
b. mobility and conformity
c. uniqueness and immobility
d. demographics and interest rates
c. uniqueness and immobility
Real estate markets are best described as:
, a. mobile
b. balanced
c. local
d. immune to supply and demand forces
c. local
Certain items on the premises that are installed by the tenant and are related to the
tenant's business are called:
a. fixtures
b. emblements
c. trade fixtures
d. easements
c. trade fixtures
Which of the following is NOT described as personal property?
a. chattels
b. trade fixtures
c. emblements
d. fixtures
d. fixtures
Real Estate is defined as:
a. The earth's surface extending downward to the center of the earth and upward to infinity.
b. Interest, rights, and benefits that are included in the ownership of Real Estate.
c. Land at above and below the earth's surface plus all things permanently attached to it.
d. The ownership of Real Estate
c. Land at above and below the earth's surface plus all things permanently attached to it.
