REAL ESTATE EXAM QUESTIONS AND 100%
CORRECT ANSWERS|LATEST 2025/2026|GRADED
A+
"k" means - ANSWER contract
Lessee - ANSWER The tenant
Lessor - ANSWER The landlord
Reversion - ANSWER The right to retake possession at a future date.
A couple's one year lease expired, but they continue living on the premises. If they now pay
rent on a monthly basis, this type of tenancy is - ANSWER Periodic
Lonnie and Connie had a one-year lease that ended November 30. They were still living in
the apartment as of December 12 without a new lease and without the landlord's
permission. They have become - ANSWER Tenants at sufferance
Current legal thinking with regard to owner's obligation under residential rental contract is
that - ANSWER the owner is obligated to keep the premises repaired
The basic intent for real estate license laws and regulations was to - ANSWER Protect
the public
In the following examples, who needs a real estate license? - ANSWER A nonexempt
person dealing in real property for others for compensation
In which state are licensing examinations required for real estate license? -
ANSWER Every state
1
Wicky
, A real estate broker differs from a real estate salesperson under the law in the -
ANSWER Broker is liable for the acts of the salesperson
A state-run program where real estate license fees are used, in part, to pay uncollected
judgments against licensees is a - ANSWER Recovery fund
A person who sells real estate for others - ANSWER Must be licensed in order to
collect compensation & Need not be licensed if no compensation is involved
Which of the following could be licensed as a real estate broker? - ANSWER A
corporation, A partnership, An actual person (Any of the above)
Under the Fair Housing Law of 1968, apartment managers can discriminate against which of
the following categories of people? - ANSWER Pet owners
A property can be exempt from allowing children if - ANSWER It is generally occupied
by a person 62 years or older
An agent, in the course of listing a property, was told by the seller that he would not sell to
persons of a certain race. The agent should - ANSWER Refuse to take the listing with
that exception
Showing a perspective buyer homes only in particular neighborhoods based on race, color,
religion, sex, nation origin, non-handicapped or adults online is known as -
ANSWER Steering
The illegal practice of inducing panic selling in a neighborhood for financial gain is called -
ANSWER Block Busting
2
Wicky
CORRECT ANSWERS|LATEST 2025/2026|GRADED
A+
"k" means - ANSWER contract
Lessee - ANSWER The tenant
Lessor - ANSWER The landlord
Reversion - ANSWER The right to retake possession at a future date.
A couple's one year lease expired, but they continue living on the premises. If they now pay
rent on a monthly basis, this type of tenancy is - ANSWER Periodic
Lonnie and Connie had a one-year lease that ended November 30. They were still living in
the apartment as of December 12 without a new lease and without the landlord's
permission. They have become - ANSWER Tenants at sufferance
Current legal thinking with regard to owner's obligation under residential rental contract is
that - ANSWER the owner is obligated to keep the premises repaired
The basic intent for real estate license laws and regulations was to - ANSWER Protect
the public
In the following examples, who needs a real estate license? - ANSWER A nonexempt
person dealing in real property for others for compensation
In which state are licensing examinations required for real estate license? -
ANSWER Every state
1
Wicky
, A real estate broker differs from a real estate salesperson under the law in the -
ANSWER Broker is liable for the acts of the salesperson
A state-run program where real estate license fees are used, in part, to pay uncollected
judgments against licensees is a - ANSWER Recovery fund
A person who sells real estate for others - ANSWER Must be licensed in order to
collect compensation & Need not be licensed if no compensation is involved
Which of the following could be licensed as a real estate broker? - ANSWER A
corporation, A partnership, An actual person (Any of the above)
Under the Fair Housing Law of 1968, apartment managers can discriminate against which of
the following categories of people? - ANSWER Pet owners
A property can be exempt from allowing children if - ANSWER It is generally occupied
by a person 62 years or older
An agent, in the course of listing a property, was told by the seller that he would not sell to
persons of a certain race. The agent should - ANSWER Refuse to take the listing with
that exception
Showing a perspective buyer homes only in particular neighborhoods based on race, color,
religion, sex, nation origin, non-handicapped or adults online is known as -
ANSWER Steering
The illegal practice of inducing panic selling in a neighborhood for financial gain is called -
ANSWER Block Busting
2
Wicky
