Pearson Vue Real Estate Practice Exam / Comprehensive
Study Guide – Expert Strategies, Review of Key Quizzes,
and Practice Questions for Guaranteed Success
Terms in this set (78)
In stating a seller's price and a. included in the listing agreement
terms to a prospective
buyer, the seller's broker is
required by the law of
agency to state ONLY those
terms that are
a. included in the
listingagreement
b. based on the
brokersevaluation of
prevailing prices and terms
c. favorable for the
seller,as determined by the
broker
d. attractive to buyers,
asdetermined by the broker
,a lot measuring 110 feet wide c. 6,300 sq ft
by 140 feet deep has a
required setback of 30 feet in
front, 20 feet in the rear, and
20 feet on each side. if a
builder wants to put a one-
story building on the lot, the
MAXIMUM square footage it
can contain is
a. 3,300 sq ft
b. 3,600 sq ft
c. 6,300 sq ft
d. 6,600 sq ft
c. $2,240
a house with a market value
of $80,000 is located where
property is assessed at 70%
of market value. if the tax
rate is $4 per $100 of
assessed value, the property
taxes are
a. $224
b. $960
c. $2,240
d. $3,200
,a broker charges a leasing fee b. $1,331
of one-half of the first
months rent and a
management fee of 8% of all
rents collected. the broker
negotiates a twoyear lease at
a monthly rental of $550.
which of the following
amounts will the broker earn
on this lease
a. $1,378
b $1,331
c. $1,287
d. $1,056
a property manager works in b. owner
the BEST interests of the
a. tenant
b. owner
c. agent
d. bank
in reviewing the deed to a D. Restricted covenants
listed property, a licensee
noted a number of
limitations regarding its use.
these limitations aare
commonly known as:
A. Codicils
B. constraints
C. building codes
D. restricted covenants
, the price at which a willing d. market value
and informed buyer would
buy and a willing and
informed seller would sell is
called the
a. assessed value
b. book value
c. income approach
tovalue
d. market value
b. office building
the income approach is
MOST likely to be used when
determining the value of a
A. vacant residential lot
b. office building
c. single-family home
d. cooperative apartment
Study Guide – Expert Strategies, Review of Key Quizzes,
and Practice Questions for Guaranteed Success
Terms in this set (78)
In stating a seller's price and a. included in the listing agreement
terms to a prospective
buyer, the seller's broker is
required by the law of
agency to state ONLY those
terms that are
a. included in the
listingagreement
b. based on the
brokersevaluation of
prevailing prices and terms
c. favorable for the
seller,as determined by the
broker
d. attractive to buyers,
asdetermined by the broker
,a lot measuring 110 feet wide c. 6,300 sq ft
by 140 feet deep has a
required setback of 30 feet in
front, 20 feet in the rear, and
20 feet on each side. if a
builder wants to put a one-
story building on the lot, the
MAXIMUM square footage it
can contain is
a. 3,300 sq ft
b. 3,600 sq ft
c. 6,300 sq ft
d. 6,600 sq ft
c. $2,240
a house with a market value
of $80,000 is located where
property is assessed at 70%
of market value. if the tax
rate is $4 per $100 of
assessed value, the property
taxes are
a. $224
b. $960
c. $2,240
d. $3,200
,a broker charges a leasing fee b. $1,331
of one-half of the first
months rent and a
management fee of 8% of all
rents collected. the broker
negotiates a twoyear lease at
a monthly rental of $550.
which of the following
amounts will the broker earn
on this lease
a. $1,378
b $1,331
c. $1,287
d. $1,056
a property manager works in b. owner
the BEST interests of the
a. tenant
b. owner
c. agent
d. bank
in reviewing the deed to a D. Restricted covenants
listed property, a licensee
noted a number of
limitations regarding its use.
these limitations aare
commonly known as:
A. Codicils
B. constraints
C. building codes
D. restricted covenants
, the price at which a willing d. market value
and informed buyer would
buy and a willing and
informed seller would sell is
called the
a. assessed value
b. book value
c. income approach
tovalue
d. market value
b. office building
the income approach is
MOST likely to be used when
determining the value of a
A. vacant residential lot
b. office building
c. single-family home
d. cooperative apartment
