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Perry Real Estate College Final Exam Newest 2026/2027 Actual
Exam Complete Questions And Correct Answers(Verified
Answers)|Already Graded A+||Just Out!!!
Broker Janna was accused of violating antitrust laws. Of the
following, she was MOST likely accused of
-not having an equal housing opportunity sign in her office
window
-dealing in unlicensed exchange services
-price fixing
-undisclosed dual agencies - ANSWER-price fixing
Under license laws, real estate advertising must contain which
of the following?
-company's address
-listing agent's name
-company's telephone number
-company name or principal broker's name - ANSWER-Company
name or principal broker's name
A property owner contracted to have a swimming pool installed
on her property. When the pool was completed, she refused to
pay for the improvement, and the contractor filed a lien for
nonpayment. This lien was most likely a
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-specific lien
-general lien
-special lien
-voluntary lien - ANSWER-specific lien
Charging more interest than is legally allowed is known as
-usury
-a deficiency
-escheat
-an estoppel - ANSWER-usury
A third party holds title to property on behalf of someone else
through the use of a
-devise
-deed in trust
-bequest
-quitclaim deed - ANSWER-deed in trust
Broker Kenneth arrives to present a purchase offer to Dorita, an
invalid, and finds her son and his wife also present. In the
presence of Broker Kenneth, both individuals persistently urge
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Dorita to accept the offer, even though it is much lower than
the price she has been asking for her home. If Dorita accepts
the offer, she may later claim that - ANSWER-she was under
duress from her son and daughter-in-law, and therefore, the
contract is voidable
All of the following are true about radon EXCEPT
-modern construction reduces the potential for radon gas
accumulation
-it is colorless, odorless, and tasteless
-radon levels will vary in certain weather conditions
-levels can be reduced by installing ventilation systems -
ANSWER-modern construction reduces the potential for radon
gas accumulation
If a licensee fails to renew his or her license on time, the license
is
-expired
-revoked
-canceled
-none of the above - ANSWER-canceled
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A mortgage broker generally offers which of the following
services?
-granting real estate loans using investor funds
-handling the escrow procedures
-providing credit qualifications and evaluation reports
-bringing the borrower and the lender together - ANSWER-
bringing the borrower and the lender together
The Real Estate Settlement Procedures Act (RESPA) applies in a
loan assumption if the
-terms of the assumed loan are modified by the lender
-lender charges less than $50 for the assumption
-buyer must be approved by the lender for the assumption to
occur
-seller does NOT want to be liable for the loan in the future -
ANSWER-terms of the assumed loan are modified by the lender
Normally, the priority of general liens is determined by the
-order in which they are filed or recorded.
-order in which the cause of action arose.
-size of the claim.
-court. - ANSWER-the order in which they are filed or recorded
Perry Real Estate College Final Exam Newest 2026/2027 Actual
Exam Complete Questions And Correct Answers(Verified
Answers)|Already Graded A+||Just Out!!!
Broker Janna was accused of violating antitrust laws. Of the
following, she was MOST likely accused of
-not having an equal housing opportunity sign in her office
window
-dealing in unlicensed exchange services
-price fixing
-undisclosed dual agencies - ANSWER-price fixing
Under license laws, real estate advertising must contain which
of the following?
-company's address
-listing agent's name
-company's telephone number
-company name or principal broker's name - ANSWER-Company
name or principal broker's name
A property owner contracted to have a swimming pool installed
on her property. When the pool was completed, she refused to
pay for the improvement, and the contractor filed a lien for
nonpayment. This lien was most likely a
,2|Page
-specific lien
-general lien
-special lien
-voluntary lien - ANSWER-specific lien
Charging more interest than is legally allowed is known as
-usury
-a deficiency
-escheat
-an estoppel - ANSWER-usury
A third party holds title to property on behalf of someone else
through the use of a
-devise
-deed in trust
-bequest
-quitclaim deed - ANSWER-deed in trust
Broker Kenneth arrives to present a purchase offer to Dorita, an
invalid, and finds her son and his wife also present. In the
presence of Broker Kenneth, both individuals persistently urge
,3|Page
Dorita to accept the offer, even though it is much lower than
the price she has been asking for her home. If Dorita accepts
the offer, she may later claim that - ANSWER-she was under
duress from her son and daughter-in-law, and therefore, the
contract is voidable
All of the following are true about radon EXCEPT
-modern construction reduces the potential for radon gas
accumulation
-it is colorless, odorless, and tasteless
-radon levels will vary in certain weather conditions
-levels can be reduced by installing ventilation systems -
ANSWER-modern construction reduces the potential for radon
gas accumulation
If a licensee fails to renew his or her license on time, the license
is
-expired
-revoked
-canceled
-none of the above - ANSWER-canceled
, 4|Page
A mortgage broker generally offers which of the following
services?
-granting real estate loans using investor funds
-handling the escrow procedures
-providing credit qualifications and evaluation reports
-bringing the borrower and the lender together - ANSWER-
bringing the borrower and the lender together
The Real Estate Settlement Procedures Act (RESPA) applies in a
loan assumption if the
-terms of the assumed loan are modified by the lender
-lender charges less than $50 for the assumption
-buyer must be approved by the lender for the assumption to
occur
-seller does NOT want to be liable for the loan in the future -
ANSWER-terms of the assumed loan are modified by the lender
Normally, the priority of general liens is determined by the
-order in which they are filed or recorded.
-order in which the cause of action arose.
-size of the claim.
-court. - ANSWER-the order in which they are filed or recorded
