Pearson Vue Real Estate Practice Exam
2025 Questions and Answers
Under the law of agency, a broker's responsibility to the principal is? - --
ANSWER--Exercise Care, obedience, accounting and disclosure
Which of the following items would have to be disclosed to prospective buyers by
the listing broker? - --ANSWER--A defect existing in the property being offered.
Under a sales contract, the legal remedy that MAY be used to force the seller to
consummate the sale is called? - --ANSWER--Specific Performance
A homeowner who plans to travel for a year asks a real estate firm to rent the
house for this period and indicates a preference for a white family rather than a
black family, "if at all possible." Under the Federal Fair Housing Act, the broker
should inform that these instructions? - --ANSWER--Can't be followed because
they violate the act
Items permanently attached to real property are considered? - --ANSWER--
Fixtures
The income approach is most likely to be used when determining the value of an? -
--ANSWER--Office building
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
, A property manager works in the best interest of the? - --ANSWER--Owner
An agreement that restricts the use and occupancy of real estate, is part of a
conveyance, and is binding on all subsequent buyers is called? - --ANSWER--
Covenant
When a married couple takes title to a property as tenants in common, they have
elected a form of ownership that allows for? - --ANSWER--Unequal shares of
Ownership
A loan that provides for increases and decreases in the interest rate during its term
is known as? - --ANSWER--An ARM, adjustable-rate mortgage
A minority couple asks a licensee to show them a listed house. The licensee
suggests that they look at houses in areas with larger minority populations than
that of the listed house. What is the licensee guilty of? - --ANSWER--Steering
In a real estate closing, the buyer generally pays for the? - --ANSWER--recording
of a new mortgage
An illegal lending practice whereby a bank refuses to make mortgage loans in a
certain neighborhood based on the ethnic makeup of that area is known as? - --
ANSWER--Red-lining
Which of the following types of legal descriptions identifies a property by outlining
its boundaries in terms of a series of directions and distances? - --ANSWER--
Metes & Bounds
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
2025 Questions and Answers
Under the law of agency, a broker's responsibility to the principal is? - --
ANSWER--Exercise Care, obedience, accounting and disclosure
Which of the following items would have to be disclosed to prospective buyers by
the listing broker? - --ANSWER--A defect existing in the property being offered.
Under a sales contract, the legal remedy that MAY be used to force the seller to
consummate the sale is called? - --ANSWER--Specific Performance
A homeowner who plans to travel for a year asks a real estate firm to rent the
house for this period and indicates a preference for a white family rather than a
black family, "if at all possible." Under the Federal Fair Housing Act, the broker
should inform that these instructions? - --ANSWER--Can't be followed because
they violate the act
Items permanently attached to real property are considered? - --ANSWER--
Fixtures
The income approach is most likely to be used when determining the value of an? -
--ANSWER--Office building
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
, A property manager works in the best interest of the? - --ANSWER--Owner
An agreement that restricts the use and occupancy of real estate, is part of a
conveyance, and is binding on all subsequent buyers is called? - --ANSWER--
Covenant
When a married couple takes title to a property as tenants in common, they have
elected a form of ownership that allows for? - --ANSWER--Unequal shares of
Ownership
A loan that provides for increases and decreases in the interest rate during its term
is known as? - --ANSWER--An ARM, adjustable-rate mortgage
A minority couple asks a licensee to show them a listed house. The licensee
suggests that they look at houses in areas with larger minority populations than
that of the listed house. What is the licensee guilty of? - --ANSWER--Steering
In a real estate closing, the buyer generally pays for the? - --ANSWER--recording
of a new mortgage
An illegal lending practice whereby a bank refuses to make mortgage loans in a
certain neighborhood based on the ethnic makeup of that area is known as? - --
ANSWER--Red-lining
Which of the following types of legal descriptions identifies a property by outlining
its boundaries in terms of a series of directions and distances? - --ANSWER--
Metes & Bounds
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
