REAL ESTATE PRACTICE EXAM QUESTIONS AND ANSWERS
2024/2025 A COMPLETE EXAM SOLUTION ALL ANSWERS
CORRECT DETAILED BEST GRADED A+ FOR SUCCESS
1. Brokerage Definition... - CORRECT ANSWERS The Business Practice Of Bringing Together The Parties
In A Practice.
2. What Are Two Examples Of Special Use Property? - CORRECT ANSWERS Schools And Cemetary
3. What Is An Example Of Functional Obsolescence? - CORRECT ANSWERS Bathroom
4. Principal Definition... - CORRECT ANSWERS 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... - CORRECT ANSWERS The Process Of Determining The Present Value Of A
Property From It's Future Income.
6. What Is The Salespersons Obligation To A Buyer Under Single Agency Listing? - CORRECT ANSWERS
Inform The Buyer
8. All Are Examples Of Real Estate Except... - CORRECT ANSWERS Factories
9. What Is Homeowners Insurance? - CORRECT ANSWERS Insurance To Protect Owners From Fires And
Other Etc.
10. Special Agent Definition... - CORRECT ANSWERS The Type Of Agency In Which The Principal
Authorizes The Agent To Represent The Agent In "One Specific Transaction Or Business Activity"
11. Which Is Not Used To Determine Cost Approach To Estimate Value?
-Quantity Survey Method
-Unit-In-Place Method
-Square Foot Method
, REAL ESTATE PRACTICE EXAM QUESTIONS AND ANSWERS
2024/2025 A COMPLETE EXAM SOLUTION ALL ANSWERS
CORRECT DETAILED BEST GRADED A+ FOR SUCCESS
-Gross Rent Multiplier Method - CORRECT ANSWERS Gross Rent Multiplier Method
What Is Steering? - CORRECT ANSWERS The Unlawful Act Of Keeping A Buyer Away From Certain
Communities Or Guiding Them To Purchase In Certain Communities.
15. Entitlement To Commission When Transaction Is Not Consummated. - CORRECT ANSWERS Except
When Listing Broker Does Not Disclose Information
16. Can A Salesperson Give Legal Advice? - CORRECT ANSWERS No, Not Unless They Are An Attorney.
17. Who Determines The Commission In A Listing Contract? - CORRECT ANSWERS An Agreement
Between The Owner And Broker
19. All Are Typical Duties Of A Property Manager With The Exception Of... - CORRECT ANSWERS
Investing Profits
20. Transfer Tax Is Typically Paid By For By Whom? - CORRECT ANSWERS Buyer And Seller
21. Blockbusting Definition... - CORRECT ANSWERS An Illegal Real Estate Practice Caused By Inciting
Fear And Panic Selling By Suggesting That Persons Of Minority Background Are Or May Be Moving Into
An Area Or That The Majority Of Residents Are Moving Out Of An Area.
23. Special Agency Listing Definition... - CORRECT ANSWERS N/A
25. Net Listing Definition... - CORRECT ANSWERS A Type Of Listing In Which A Seller Desires To Sell Real
Property And Receive A Guaranteed Amount Of Money For The Sale, So That The Broker's Commission Is
Any Sale Price Amount Of Money Over And Above The Guaranteed Price To The Seller.
2024/2025 A COMPLETE EXAM SOLUTION ALL ANSWERS
CORRECT DETAILED BEST GRADED A+ FOR SUCCESS
1. Brokerage Definition... - CORRECT ANSWERS The Business Practice Of Bringing Together The Parties
In A Practice.
2. What Are Two Examples Of Special Use Property? - CORRECT ANSWERS Schools And Cemetary
3. What Is An Example Of Functional Obsolescence? - CORRECT ANSWERS Bathroom
4. Principal Definition... - CORRECT ANSWERS 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... - CORRECT ANSWERS The Process Of Determining The Present Value Of A
Property From It's Future Income.
6. What Is The Salespersons Obligation To A Buyer Under Single Agency Listing? - CORRECT ANSWERS
Inform The Buyer
8. All Are Examples Of Real Estate Except... - CORRECT ANSWERS Factories
9. What Is Homeowners Insurance? - CORRECT ANSWERS Insurance To Protect Owners From Fires And
Other Etc.
10. Special Agent Definition... - CORRECT ANSWERS The Type Of Agency In Which The Principal
Authorizes The Agent To Represent The Agent In "One Specific Transaction Or Business Activity"
11. Which Is Not Used To Determine Cost Approach To Estimate Value?
-Quantity Survey Method
-Unit-In-Place Method
-Square Foot Method
, REAL ESTATE PRACTICE EXAM QUESTIONS AND ANSWERS
2024/2025 A COMPLETE EXAM SOLUTION ALL ANSWERS
CORRECT DETAILED BEST GRADED A+ FOR SUCCESS
-Gross Rent Multiplier Method - CORRECT ANSWERS Gross Rent Multiplier Method
What Is Steering? - CORRECT ANSWERS The Unlawful Act Of Keeping A Buyer Away From Certain
Communities Or Guiding Them To Purchase In Certain Communities.
15. Entitlement To Commission When Transaction Is Not Consummated. - CORRECT ANSWERS Except
When Listing Broker Does Not Disclose Information
16. Can A Salesperson Give Legal Advice? - CORRECT ANSWERS No, Not Unless They Are An Attorney.
17. Who Determines The Commission In A Listing Contract? - CORRECT ANSWERS An Agreement
Between The Owner And Broker
19. All Are Typical Duties Of A Property Manager With The Exception Of... - CORRECT ANSWERS
Investing Profits
20. Transfer Tax Is Typically Paid By For By Whom? - CORRECT ANSWERS Buyer And Seller
21. Blockbusting Definition... - CORRECT ANSWERS An Illegal Real Estate Practice Caused By Inciting
Fear And Panic Selling By Suggesting That Persons Of Minority Background Are Or May Be Moving Into
An Area Or That The Majority Of Residents Are Moving Out Of An Area.
23. Special Agency Listing Definition... - CORRECT ANSWERS N/A
25. Net Listing Definition... - CORRECT ANSWERS A Type Of Listing In Which A Seller Desires To Sell Real
Property And Receive A Guaranteed Amount Of Money For The Sale, So That The Broker's Commission Is
Any Sale Price Amount Of Money Over And Above The Guaranteed Price To The Seller.
