REAL ESTATE PRACTICE EXAM LATEST 2025 ACTUAL
QUESTIONS (90 Q&A) WITH DETAILED ANSWERS /
A+ GRADE ASSURED / 2025.
Terms in this set (90)
1. Brokerage definition... the business practice of bringing together the parties in a
practice.
2. What are two examples of schools and cemetary
special use property?
3. What is an example of bathroom
functional obsolescence?
4. Principal definition... a consumer of real estate services who has entered into
an agency relationship with a broker or another licensee
employed by a broker.
5. Capitalization definition... the process of determining the present value of a property from
it's future income.
6. What is the salespersons Inform the buyer
obligation to a buyer under
single agency listing?
8. All are examples of real factories
estate except...
9. What is homeowners Insurance to protect owners from fires and other etc.
insurance?
, the type of agency in which the principal authorizes the
10. Special agent definition... agent to represent the agent in "one specific transaction
or business activity"
11. Which is not used to Gross Rent Multiplier Method
determine cost approach to
estimate value? -Quantity
Survey Method
-Unit-in-Place Method
-Square Foot Method
-Gross Rent Multiplier
Method
What is steering? the unlawful act of keeping a buyer away from certain communities
or guiding them to purchase in certain communities.
15. Entitlement to Except when listing broker does not disclose information
commission when
transaction is not
consummated.
16. Can a salesperson give No, not unless they are an attorney.
legal advice?
17. Who determines the An agreement between the owner and broker
commission in a listing
contract?
19. All are typical duties of a Investing profits
property manager with the
exception of...
20. Transfer tax is typically Buyer and seller
paid by for by whom?
QUESTIONS (90 Q&A) WITH DETAILED ANSWERS /
A+ GRADE ASSURED / 2025.
Terms in this set (90)
1. Brokerage definition... the business practice of bringing together the parties in a
practice.
2. What are two examples of schools and cemetary
special use property?
3. What is an example of bathroom
functional obsolescence?
4. Principal definition... a consumer of real estate services who has entered into
an agency relationship with a broker or another licensee
employed by a broker.
5. Capitalization definition... the process of determining the present value of a property from
it's future income.
6. What is the salespersons Inform the buyer
obligation to a buyer under
single agency listing?
8. All are examples of real factories
estate except...
9. What is homeowners Insurance to protect owners from fires and other etc.
insurance?
, the type of agency in which the principal authorizes the
10. Special agent definition... agent to represent the agent in "one specific transaction
or business activity"
11. Which is not used to Gross Rent Multiplier Method
determine cost approach to
estimate value? -Quantity
Survey Method
-Unit-in-Place Method
-Square Foot Method
-Gross Rent Multiplier
Method
What is steering? the unlawful act of keeping a buyer away from certain communities
or guiding them to purchase in certain communities.
15. Entitlement to Except when listing broker does not disclose information
commission when
transaction is not
consummated.
16. Can a salesperson give No, not unless they are an attorney.
legal advice?
17. Who determines the An agreement between the owner and broker
commission in a listing
contract?
19. All are typical duties of a Investing profits
property manager with the
exception of...
20. Transfer tax is typically Buyer and seller
paid by for by whom?
