NATIONAL REAL ESTATE EXAM PRACTICE
TEST: PRACTICE QUESTIONS, ANSWERS &
RATIONALES | COMPLETE STUDY GUIDE,
EXAM PREP & REVIEW MATERIALS
| GRADED A+ | GUARANTEED SUCCESS
UPDATED QUESTIONS AND ANSWERS
100% VERIFIED EXAM PREP
[EXAM• STUDY GUIDE • SUMMARY • ASSIGNMENT]
A clean, organized resource designed for easy revision and reference.
QUICK • CLEAR • PROFESSIONAL
, A square bedroom measures 10 feet by 10 feet. What is the 100 square feet
area of the room?
Which of these is an economic characteristic that makes land a situs
distinctive commodity?*
In a fixed-rate mortgage that is fully amortized, the total predetermined
amount of interest to be paid is:
Which is exempt from the federal Fair Housing Act? renting a room in a house occupied by the owner
The Americans with Disabilities Act applies to: privately owned or government-owned public accommodations
Condemnation is the act of seizing private property from eminent domain
citizens. What gives the government the right to do this?
The PHYSICAL characteristics of land are that land is immobile
indestructible, non-homogenous, and:
Which statement BEST defines the term contingency? stipulation that must be satisfied before the contract can be performed
If a borrower is behind on payments, the acceleration clause call the entire loan balance due immediately
gives the lender the ability to:
A metes and bounds legal description always returns to: the point of beginning
What should a license holder do if a client instructs them to do advise the client they cannot legally discriminate against certain groups
something that would discriminate against a protected class?
What is a novation? the substitution of one contract for another
A married couple bought a home ten years ago for $400,000. $50,000
Their neighborhood has rapidly grown in popularity, and they
were able to sell their home this year for $950,000. How much
of that money will they be required to pay capital gains tax
on?
TEST: PRACTICE QUESTIONS, ANSWERS &
RATIONALES | COMPLETE STUDY GUIDE,
EXAM PREP & REVIEW MATERIALS
| GRADED A+ | GUARANTEED SUCCESS
UPDATED QUESTIONS AND ANSWERS
100% VERIFIED EXAM PREP
[EXAM• STUDY GUIDE • SUMMARY • ASSIGNMENT]
A clean, organized resource designed for easy revision and reference.
QUICK • CLEAR • PROFESSIONAL
, A square bedroom measures 10 feet by 10 feet. What is the 100 square feet
area of the room?
Which of these is an economic characteristic that makes land a situs
distinctive commodity?*
In a fixed-rate mortgage that is fully amortized, the total predetermined
amount of interest to be paid is:
Which is exempt from the federal Fair Housing Act? renting a room in a house occupied by the owner
The Americans with Disabilities Act applies to: privately owned or government-owned public accommodations
Condemnation is the act of seizing private property from eminent domain
citizens. What gives the government the right to do this?
The PHYSICAL characteristics of land are that land is immobile
indestructible, non-homogenous, and:
Which statement BEST defines the term contingency? stipulation that must be satisfied before the contract can be performed
If a borrower is behind on payments, the acceleration clause call the entire loan balance due immediately
gives the lender the ability to:
A metes and bounds legal description always returns to: the point of beginning
What should a license holder do if a client instructs them to do advise the client they cannot legally discriminate against certain groups
something that would discriminate against a protected class?
What is a novation? the substitution of one contract for another
A married couple bought a home ten years ago for $400,000. $50,000
Their neighborhood has rapidly grown in popularity, and they
were able to sell their home this year for $950,000. How much
of that money will they be required to pay capital gains tax
on?
