5/15/25, 5:08 PM Perry Real Estate College Final ExaM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRA…
Perry Real Estate College Final ExaM
QUESTIONS WITH COMPLETE SOLUTION
GUIDE) (MULTIPLE CHOICES) (A+ GRADED 100%
VERIFIED) LATEST VERSION 2025
Save
Terms in this set (100)
A house with outmoded functional obsolescence
plumbing is suffering
from
-curable physical
deterioration
-external depreciation
-incurable physical
deterioration
-functional obsolescence
In order to be a License all of the above
member of the
commission, a person
must be
-a KY citizen
-a non-felon
-all of the above
-a licensed broker
https://quizlet.com/1044435330/perry-real-estate-college-final-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verifi… 1/33
,5/15/25, 5:08 PM Perry Real Estate College Final ExaM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRA…
A licensed real estate broker
professional acting as a
point of contact between
two or more people in
negotiating the sale,
rental, or purchase of a
property is known as a(n)
-sales affiliate
-property manager
-appraiser
-broker
A landowner constructed it is a nonconforming use
a building 7 stories high.
Several years later the
municipality changed the
zoning ordinance,
prohibiting buildings that
exceed 6 stories in
height. Which of the
following is true
regarding the existing 7-
story building?
-the owner must obtain a
variance
-it is nonconforming use
-it is a conditional use
-the building must be
demolished
https://quizlet.com/1044435330/perry-real-estate-college-final-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verifi… 2/33
,5/15/25, 5:08 PM Perry Real Estate College Final ExaM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRA…
All of the following Ethnic background of the tenant and his or her
should be a employees
consideration in selecting
a tenant for the property
EXCEPT
-size of the available
space relative to the
tenant's requirements
-compatibility of the
tenant's business with
those of other tenants
-tenant's ability to make
the rental payments
-Ethnic background of
the tenant and his or her
employees
A mechanic's lien would specific lien
be properly classified as
a(n)
-equitable lien.
-voluntary lien.
-general lien.
-specific lien.
https://quizlet.com/1044435330/perry-real-estate-college-final-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verifi… 3/33
, 5/15/25, 5:08 PM Perry Real Estate College Final ExaM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRA…
All of the following are a broker's setting a company commission schedule
prohibited under the
antitrust laws EXCEPT
-Competing property
management companies
agreeing to standardized
management fees
-competing brokers
allocating markets based
on the value of homes
-a broker's setting a
company commission
schedule
-real estate companies
agreeing NOT to
cooperate with a broker
because of the fees that
broker charges
A rancher owns a parcel the rancher
of land on which oil was
discovered. If the rancher
has not previously
conveyed the oil rights,
who owns the oil?
-the federal government
-the tenant to whom the
property has been
leased
-the state government
-the rancher
https://quizlet.com/1044435330/perry-real-estate-college-final-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verifi… 4/33
Perry Real Estate College Final ExaM
QUESTIONS WITH COMPLETE SOLUTION
GUIDE) (MULTIPLE CHOICES) (A+ GRADED 100%
VERIFIED) LATEST VERSION 2025
Save
Terms in this set (100)
A house with outmoded functional obsolescence
plumbing is suffering
from
-curable physical
deterioration
-external depreciation
-incurable physical
deterioration
-functional obsolescence
In order to be a License all of the above
member of the
commission, a person
must be
-a KY citizen
-a non-felon
-all of the above
-a licensed broker
https://quizlet.com/1044435330/perry-real-estate-college-final-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verifi… 1/33
,5/15/25, 5:08 PM Perry Real Estate College Final ExaM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRA…
A licensed real estate broker
professional acting as a
point of contact between
two or more people in
negotiating the sale,
rental, or purchase of a
property is known as a(n)
-sales affiliate
-property manager
-appraiser
-broker
A landowner constructed it is a nonconforming use
a building 7 stories high.
Several years later the
municipality changed the
zoning ordinance,
prohibiting buildings that
exceed 6 stories in
height. Which of the
following is true
regarding the existing 7-
story building?
-the owner must obtain a
variance
-it is nonconforming use
-it is a conditional use
-the building must be
demolished
https://quizlet.com/1044435330/perry-real-estate-college-final-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verifi… 2/33
,5/15/25, 5:08 PM Perry Real Estate College Final ExaM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRA…
All of the following Ethnic background of the tenant and his or her
should be a employees
consideration in selecting
a tenant for the property
EXCEPT
-size of the available
space relative to the
tenant's requirements
-compatibility of the
tenant's business with
those of other tenants
-tenant's ability to make
the rental payments
-Ethnic background of
the tenant and his or her
employees
A mechanic's lien would specific lien
be properly classified as
a(n)
-equitable lien.
-voluntary lien.
-general lien.
-specific lien.
https://quizlet.com/1044435330/perry-real-estate-college-final-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verifi… 3/33
, 5/15/25, 5:08 PM Perry Real Estate College Final ExaM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRA…
All of the following are a broker's setting a company commission schedule
prohibited under the
antitrust laws EXCEPT
-Competing property
management companies
agreeing to standardized
management fees
-competing brokers
allocating markets based
on the value of homes
-a broker's setting a
company commission
schedule
-real estate companies
agreeing NOT to
cooperate with a broker
because of the fees that
broker charges
A rancher owns a parcel the rancher
of land on which oil was
discovered. If the rancher
has not previously
conveyed the oil rights,
who owns the oil?
-the federal government
-the tenant to whom the
property has been
leased
-the state government
-the rancher
https://quizlet.com/1044435330/perry-real-estate-college-final-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verifi… 4/33
