PEARSON VUE CORE REVIEWS ANSWERS AND
QUESTIONS SET A+
✔✔the presence of gov-reg wetlands on a building lot
a. adds to the value of the lot
b. lowers property taxes
c. renders the lot useless
d. is a material fact - ✔✔d. is a material fact
✔✔before advertising a property through social media, a licensee MUST obtain written
authorization from the
a. real estate companys IT team
b. social media comp.
c. state real estate commish
d. seller - ✔✔d. seller
✔✔due to the homeowner's disability exemption, property taxes of $4,000 are reduced
to $3,000 in a transaction. however, the listing licensee fails to disclose to the buyer the
difference in the amount of property taxes to be paid by the buyer. failing to disclose this
material fact is an example of
a. exemption
b. misrep
c. misappropriation
d. mutual regression - ✔✔b. misrepresentation
✔✔if a prospective buyer is concerned about the electric service on a property, the
buyer's licensee SHOULD:
a. recommend a home warranty for the electric appliances
b. advise the buyer to hire inspectors to examine the property after closing
, c. recommend that the buyer insert an inspection contingency in the purchase
agreement
d. inspect the fuse box personally - ✔✔c. recommend that the buyer insert an inspection
contingency in the purchase agreement
✔✔as defined in a real estate contract, the due diligence period allows which of the
following parties to go thoroughly investigate a property?
a. broker
b. lender
c. buyer
d. seller - ✔✔c. buyer
✔✔In order for a property manager to determine net operating income on a property,
which of the following fees is subtracted from the effective gross income?
a. debt service
b. advances to owners
c. operating expenses
d. reserve for replacements - ✔✔c. operating expenses
✔✔the brokerage fee charged by a listing broker is determined by the:
a. local ordinance
b. local real estate board
c. multiple listing service
d. broker and the principal - ✔✔d. broker and the principle
✔✔If the value of a property is affected by negative forces outside the property which
are beyond the control of the owner, this is referred to as:
a. physical deterioration
b. accrued depreciation
c. functional obsolescence
d. economic obsolescence - ✔✔d. economic obsolescence
✔✔according to the federal fair housing act, which of the following individuals is
permitted to reside in housing with a familial status exemption
a. a 50 y/o employed nurse
b. a 53 y/o retired construction worker
c. a 54 y/o retired teacher
d. a 63 y/o employed postal worker - ✔✔d. a 63 y/o employed postal worker
QUESTIONS SET A+
✔✔the presence of gov-reg wetlands on a building lot
a. adds to the value of the lot
b. lowers property taxes
c. renders the lot useless
d. is a material fact - ✔✔d. is a material fact
✔✔before advertising a property through social media, a licensee MUST obtain written
authorization from the
a. real estate companys IT team
b. social media comp.
c. state real estate commish
d. seller - ✔✔d. seller
✔✔due to the homeowner's disability exemption, property taxes of $4,000 are reduced
to $3,000 in a transaction. however, the listing licensee fails to disclose to the buyer the
difference in the amount of property taxes to be paid by the buyer. failing to disclose this
material fact is an example of
a. exemption
b. misrep
c. misappropriation
d. mutual regression - ✔✔b. misrepresentation
✔✔if a prospective buyer is concerned about the electric service on a property, the
buyer's licensee SHOULD:
a. recommend a home warranty for the electric appliances
b. advise the buyer to hire inspectors to examine the property after closing
, c. recommend that the buyer insert an inspection contingency in the purchase
agreement
d. inspect the fuse box personally - ✔✔c. recommend that the buyer insert an inspection
contingency in the purchase agreement
✔✔as defined in a real estate contract, the due diligence period allows which of the
following parties to go thoroughly investigate a property?
a. broker
b. lender
c. buyer
d. seller - ✔✔c. buyer
✔✔In order for a property manager to determine net operating income on a property,
which of the following fees is subtracted from the effective gross income?
a. debt service
b. advances to owners
c. operating expenses
d. reserve for replacements - ✔✔c. operating expenses
✔✔the brokerage fee charged by a listing broker is determined by the:
a. local ordinance
b. local real estate board
c. multiple listing service
d. broker and the principal - ✔✔d. broker and the principle
✔✔If the value of a property is affected by negative forces outside the property which
are beyond the control of the owner, this is referred to as:
a. physical deterioration
b. accrued depreciation
c. functional obsolescence
d. economic obsolescence - ✔✔d. economic obsolescence
✔✔according to the federal fair housing act, which of the following individuals is
permitted to reside in housing with a familial status exemption
a. a 50 y/o employed nurse
b. a 53 y/o retired construction worker
c. a 54 y/o retired teacher
d. a 63 y/o employed postal worker - ✔✔d. a 63 y/o employed postal worker
