QUESTIONS CH.1-19 (MULTIPLE
CHOICE QUESTIONS) ACTUAL EXAM
QUESTIONS AND ANSWERS (A+
GUIDE SOLUTION) NEWEST
2025/2026
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Terms in this set (88)
1. The real estate Information about real estate can best
market is local in be found through local sources, which
nature what does makes the real estate market local in
that mean? nature
,2. You would A. Providing expert knowledge about
expect a real construction methods and materials
estate licensee to
perform all of the
following
activities, EXCEPT:
A. Providing
expert knowledge
about
construction
methods and
materials
B. Providing
expert knowledge
to members of the
public in the
performance of
specified services
of real estate
C. Following up
with customers
and clients after a
transaction has
been completed
D. Acting as an
intermediary, or
agent, between
two or more
people in the
,people in the
negotiation of the
sale, purchase, or
lease of real
estate
3. A real estate A. Valuation, marketing, and property
licensee is transfer
expected to have
expert knowledge
in what three
areas?
A. Valuation,
marketing, and
property transfer
B. Mortgages,
property taxes,
and homeowners'
insurance policies
C. Residential real
estate, commercial
real estate, and
surveys
D. Area schools,
local crime rates,
and proximity to
potential
employers
, 4. What is a C. A value estimate based in recent
comparative sales of similar properties in the same
market analysis? neighborhood
A. A comparison
of assessed values
in the same
neighborhood
B. A value estimate
based on recent
sales of identical
properties in the
same
neighborhood
C. A value
estimate based in
recent sales of
similar properties
in the same
neighborhood
D. An appraisal of
the value of a
property