PEARSON VUE REAL ESTATE PRACTICE EXAM|QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|GRADED A+

In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the
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Blaw of agency to state ONLY those terms that are
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a. included in the listing agreement
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b. based on the brokers evaluation of prevailing prices and terms
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c. favorable for the seller, as determined by the broker
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d. attractive to buyers, as determined by the broker -
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B ANSWER a. included in the listing agreement
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a lot measuring 110 feet wide by 140 feet deep has a required setback of 30 feet in front, 20 fe
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et in the rear, and 20 feet on each side. if a builder wants to put a one-
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story building on the lot, the MAXIMUM square footage it can contain is
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a. 3,300 sq ft
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b. 3,600 sq ft
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c. 6,300 sq ft
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d. 6,600 sq ft - ANSWER
B B B B B c. 6,300 sq ft
B B B




a house with a market value of $80,000 is located where property is assessed at 70% of marke
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t value. if the tax rate is $4 per $100 of assessed value, the property taxes are
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a. $224 B




b. $960 B




c. $2,240
B




d. $3,200 - ANSWER
B B B c. $2,240
B




1
Wicky

,a broker charges a leasing fee of one-
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half of the first months rent and a management fee of 8% of all rents collected. the broker neg
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otiates a two- B B



year lease at a monthly rental of $550. which of the following amounts will the broker earn on
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this lease
B




a. $1,378
B




b $1,331
B




c. $1,287
B




d. $1,056 - ANSWER
B B B b. $1,331
B




a property manager works in the BEST interests of the
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a. tenant
B




b. owner
B




c. agent
B




d. bank - ANSWER
B B B b. owner
B




in reviewing the deed to a listed property, a licensee noted a number of limitations regarding i
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ts use. these limitations aare commonly known as:
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A. Codicils
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B. constraints
B




C. building codes
B B




D. restricted covenants - ANSWER
B B B B D. Restricted covenants
B B




the price at which a willing and informed buyer would buy and a willing and informed seller w
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ould sell is called the
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a. assessed value
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2
Wicky

, b. book value
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c. income approach to value
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d. market value - ANSWER
B B B B d. market value
B B




the income approach is MOST likely to be used when determining the value of a
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A. vacant residential lot
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b. office building
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c. single-family home
B B




d. cooperative apartment - ANSWER
B B B B b. office building
B B




the G's purchased a house from the T's. the G's agreed to the following terms: monthly payme
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nts of $650 to the T's and the balance to be paid in full after 7 years. at the time the balance is
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paid, the T's will give the G's a warranty deed transferring title. in this situation, what type of fi
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nancing was used B B




a. fha loan
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b. wrap around mortgage
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c. package mortgage
B B




d. contract for deed - ANSWER
B B B B B d. contract for deed
B B B




the provision in a mortgage or deed of trust that gives the lender the right to call the entire bal
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ance due upon a default in any payment is called a:
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a. acceleration clause
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b. prepayment penalty clause
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c. prepayment priveledge clause
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d. right of redemption clause - ANSWER
B B B B B B a. acceleration clause
B B




3
Wicky