Real Estate Practice Final Exam Questions with
100% Verified Answers Graded A+
It is proper professional conduct to - -do all of these.
Page | 1
A lease whereby the tenant pays the landlord a set rent and also pays taxes, insurance, and
other property expenses is - -a net lease.
Which is a characteristic of loans made by mortgage loan brokers? - -Neither a nor b.
The real estate marketplace is a stratified marketplace. Stratified means that - -the
marketplace is not the same in different price ranges.
A property brief is - -a flyer describing a property.
When the sellers resist making concessions to (or countering) a reasonable offer, an
effective approach to use, that has no rational basis, would be which of the following? -
-"Why not split the difference?"
A real estate salesperson does NOT have to check the do-not-call registry when making a
solicitation call - -in any of these situations.
A real estate agent was found to have made 10 solicitation calls in violation of the do-not-
call registry prohibitions. What is the maximum fine that could be imposed? - -
$160,000
The current interest rate on an adjustable-rate mortgage that does NOT have a reduced
introductory rate would be determined by - -adding the index rate and the margin.
, Most real estate agents are involved primarily in the sale of - -residential property.
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Which of the following agents need to provide an agency disclosure? - -All of these
A residential homeowner can deduct which of the following from their total taxable income
when figuring their tax bill? - -Both a and b
An opt-out mechanism is required - -to be excluded from further unsolicited e-mail
advertisements.
Agent group-visitations to new listings are known as - -caravans.
Tie-downs could include - -all of these.
A borrower who expects to remain in a property for many years, would MOST likely prefer -
-to pay an overall lower interest rate and higher loan-origination fee.
The phrase "Formerly it was the primary real estate advertising medium" describes -
-classified ads.
Agent inspection disclosure requirements apply to - -all of these.
Escrow licensees are prohibited from - -doing any of these.
100% Verified Answers Graded A+
It is proper professional conduct to - -do all of these.
Page | 1
A lease whereby the tenant pays the landlord a set rent and also pays taxes, insurance, and
other property expenses is - -a net lease.
Which is a characteristic of loans made by mortgage loan brokers? - -Neither a nor b.
The real estate marketplace is a stratified marketplace. Stratified means that - -the
marketplace is not the same in different price ranges.
A property brief is - -a flyer describing a property.
When the sellers resist making concessions to (or countering) a reasonable offer, an
effective approach to use, that has no rational basis, would be which of the following? -
-"Why not split the difference?"
A real estate salesperson does NOT have to check the do-not-call registry when making a
solicitation call - -in any of these situations.
A real estate agent was found to have made 10 solicitation calls in violation of the do-not-
call registry prohibitions. What is the maximum fine that could be imposed? - -
$160,000
The current interest rate on an adjustable-rate mortgage that does NOT have a reduced
introductory rate would be determined by - -adding the index rate and the margin.
, Most real estate agents are involved primarily in the sale of - -residential property.
Page | 2
Which of the following agents need to provide an agency disclosure? - -All of these
A residential homeowner can deduct which of the following from their total taxable income
when figuring their tax bill? - -Both a and b
An opt-out mechanism is required - -to be excluded from further unsolicited e-mail
advertisements.
Agent group-visitations to new listings are known as - -caravans.
Tie-downs could include - -all of these.
A borrower who expects to remain in a property for many years, would MOST likely prefer -
-to pay an overall lower interest rate and higher loan-origination fee.
The phrase "Formerly it was the primary real estate advertising medium" describes -
-classified ads.
Agent inspection disclosure requirements apply to - -all of these.
Escrow licensees are prohibited from - -doing any of these.
