PEARSON VUE ALL SET QUESTIONS AND ANSWERS
SET A+
✔✔if buyers purchased a home with a secured loan for 100%, what kind of loan did they
use?
a. VA- guaranteed
b. FHA-insured
C. conventional
d. wraparound - ✔✔a. VA-gauranteed
✔✔a contract calls for the buyer to pay $65,000 for a house and 1 acre of land, plus
$5,000 for each additional acre of land, subject to a survey. if the survey reveals a total
land area of 4.3 acres, the total amount to be paid for the house and land is:
a. $70,000
b. $80,000
c. $81,000
d. $86,000 - ✔✔c $81,000
✔✔a veteran is entitled to which of the following benefits upon repayment of the full loan
balance of a VA mortgage?
a. restoration of eligibility for future use
b. refund of any discount points paid by the previous seller
c. refund of the origination fee or points
d. partial refund of all interest paid on the loan - ✔✔a. restoration of eligibility for future
use
✔✔an illegal lending practice whereby a bank refuses to make mortgage loans in a
certain neighborhood based on the ethnic makeup of that area is known as:
a. segregation
, b. bad-risk lending
c. blueblooding
d. redlining - ✔✔d. redlining
✔✔under an exclusive right-to-sell listing, a licensee has the authority to take which of
the following actions on behalf of a seller
a. accept any bonafide offer
b. present only those offers that meet the sellers list price
c. order any needed repairs to the prop
d. advertise the prop for sale - ✔✔d, advertise the prop for saleq
✔✔the continued use of a property that was lawful at the time the use began but now is
in violation of a zoning regulation is an example of
a. a variance
b. spot-zoning
c. nonconforming use
d. exclusionary zoning - ✔✔c. nonconforming use
✔✔which of the following BEST describes a purpose of general liability insurance?
a. insurance that protects a licensee in the event of an on-the-job injury
b. insurance that covers a licensee and a potential buyer who suffer a car crash while
viewing properties
c. insurance that protects a company's assets if someone gets injured on company
property
d. insurance that pays for lost wages for licenseed who are employees - ✔✔c.
insurance that protects the company if someone gets injured on property
✔✔a licensee preparing a competitive market analysis has info on a comparable
property that is similar in all respects to the subject property except that, while the
subject property is 10 yr old and has 2 baths, the comp prop is 5 yrs old and has one
bath. in this case, the licensee should adjust the
a. sale price of the com prop, down for the age and up for the number of baths
b. sale price of the comp prop, up for the age and down for the # of baths
c. value of the subject prop, up for the age and up for # of baths
d. value of the subject property, up for the age and down for the number of bath - ✔✔a.
sale price of the com prop, down for the age and up for the number of baths
✔✔a homeowner who plans to travel for a year asks a real estate firm to rent the house
for this period and indicates a preference for a white family rather than a black family, "if
at all possible" under the federal fair housing act, the broker SHOULD inform them that
these instructions:
SET A+
✔✔if buyers purchased a home with a secured loan for 100%, what kind of loan did they
use?
a. VA- guaranteed
b. FHA-insured
C. conventional
d. wraparound - ✔✔a. VA-gauranteed
✔✔a contract calls for the buyer to pay $65,000 for a house and 1 acre of land, plus
$5,000 for each additional acre of land, subject to a survey. if the survey reveals a total
land area of 4.3 acres, the total amount to be paid for the house and land is:
a. $70,000
b. $80,000
c. $81,000
d. $86,000 - ✔✔c $81,000
✔✔a veteran is entitled to which of the following benefits upon repayment of the full loan
balance of a VA mortgage?
a. restoration of eligibility for future use
b. refund of any discount points paid by the previous seller
c. refund of the origination fee or points
d. partial refund of all interest paid on the loan - ✔✔a. restoration of eligibility for future
use
✔✔an illegal lending practice whereby a bank refuses to make mortgage loans in a
certain neighborhood based on the ethnic makeup of that area is known as:
a. segregation
, b. bad-risk lending
c. blueblooding
d. redlining - ✔✔d. redlining
✔✔under an exclusive right-to-sell listing, a licensee has the authority to take which of
the following actions on behalf of a seller
a. accept any bonafide offer
b. present only those offers that meet the sellers list price
c. order any needed repairs to the prop
d. advertise the prop for sale - ✔✔d, advertise the prop for saleq
✔✔the continued use of a property that was lawful at the time the use began but now is
in violation of a zoning regulation is an example of
a. a variance
b. spot-zoning
c. nonconforming use
d. exclusionary zoning - ✔✔c. nonconforming use
✔✔which of the following BEST describes a purpose of general liability insurance?
a. insurance that protects a licensee in the event of an on-the-job injury
b. insurance that covers a licensee and a potential buyer who suffer a car crash while
viewing properties
c. insurance that protects a company's assets if someone gets injured on company
property
d. insurance that pays for lost wages for licenseed who are employees - ✔✔c.
insurance that protects the company if someone gets injured on property
✔✔a licensee preparing a competitive market analysis has info on a comparable
property that is similar in all respects to the subject property except that, while the
subject property is 10 yr old and has 2 baths, the comp prop is 5 yrs old and has one
bath. in this case, the licensee should adjust the
a. sale price of the com prop, down for the age and up for the number of baths
b. sale price of the comp prop, up for the age and down for the # of baths
c. value of the subject prop, up for the age and up for # of baths
d. value of the subject property, up for the age and down for the number of bath - ✔✔a.
sale price of the com prop, down for the age and up for the number of baths
✔✔a homeowner who plans to travel for a year asks a real estate firm to rent the house
for this period and indicates a preference for a white family rather than a black family, "if
at all possible" under the federal fair housing act, the broker SHOULD inform them that
these instructions:
