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

CORRECT ANSWERS|LATEST


Amenities of residential real estate are: - ANSWER
B B B B B B B A) The property's physical attributes
B B B B




B) Measurable on the market
B B B B




C) Not considered by appraisers because they are intangible qualities
B B B B B B B B B




D) Related to its capacity to provide shelter effectively
B B B B B B B B




B)



To restore an old home to its original condition without making any changes in the floor plan o
B B B B B B B B B B B B B B B B B



r style is referred to as - ANSWER
B B B B B B B A) Rehabilitiation
B




B) Modernization
B




C) Reclamation
B




D) Remodeling
B




A)



One who takes in severalty most generally takes title - ANSWER
B B B B B B B B B B A) In partnership
B B




B) In common
B B




C) In joint tenancy
B B B




D) As sole owner
B B B




D)



Which would be the best and most nearly complete definition of the term encumbrance? -
B B B B B B B B B B B B B B



B ANSWER A) Any action taken relative to a property other than an acquisiton
B B B B B B B B B B B




B) Anything that affects or limits the fee simple title to property
B B B B B B B B B B B




C) Degree, quantity, nature and extent of interest a person has in property
B B B B B B B B B B B B




D) The use of property by a debtor to offer a creditor security of debt
B B B B B B B B B B B B B B




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,B)



The year in which the U.S. supreme court barred racial discrimination, both public and private,
B B B B B B B B B B B B B B



B in the sale or rental of real property - ANSWER
B B B B B B B B B A)1972

B)1960

C)1968

D)1984

C)



An investment property is appraised at 400,000 based on a net income of 36000 and a 9 perce
B B B B B B B B B B B B B B B B B



nt capitalization rate. The value of the property based on a 12 percent capitalization rate woul
B B B B B B B B B B B B B B B



d be. - ANSWER
B B B A) 450000
B




B)250000

C) 423000
B




D)300000

R x V=I
B B




.12 x V= 36000
B B B




V=36000 / .12 = 300000 B B B B




D)



Items that a landlord owned apartment building and a condominium project would have in co
B B B B B B B B B B B B B B



mmon would be - B B B



B ANSWER A) After development of five units both would be under the subdivision law
B B B B B B B B B B B B




B) Separate tax bills sent to each tenant
B B B B B B B




C) Occupants of both have a fee interest
B B B B B B B




D) Occupants of both have estates in real property
B B B B B B B B




D)



An appraiser using the replacement cost approach on an older residential property would use
B B B B B B B B B B B B B B



all of these except - ANSWER
B B B B B A) Capitalization of income
B B B




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,B) Land Value
B B




C) Depreciation
B




D) Cost of improvements new
B B B B




A)



A licensee who is guilty of conversion is one who is - ANSWER
B B B B B B B B B B B B A) Commingling
B




B) Misrepresenting
B




C) Failing to make a full disclosure
B B B B B B




D) Misappropriating the funds of clients
B B B B B




A clause in a second trust deed that permits the first trust deed to be refinanced without affec
B B B B B B B B B B B B B B B B B



ting its priority would be known as a - ANSWER
B B B B B B B B B A) Acceleration clause
B B




B) Subordination clause
B B




C) Lien Waiver
B B




D) Alienation clause
B B




B)



Which type of financing would least likely create a need for a cash down payment from a borr
B B B B B B B B B B B B B B B B B



ower? - ANSWER B B A)VA

B) Cal-Vet
B




C) Conventional
B




D)FHA

A downpayment is not a requirement of a VA guaranteed loan (unless the certificate of reason
B B B B B B B B B B B B B B B



able value is less than purchase price)
B B B B B B




A)



In planning a shopping center in a suburban community, which would be the most important c
B B B B B B B B B B B B B B B



onsideration? - ANSWER B B A) Proximity of shipping and warehousing facilities
B B B B B B




B) Purchasing power
B B




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, C) Amenities
B




D) Weather
B




B)



A person purchased a property for 70000 and made a 14000 down payment. If the person bor
B B B B B B B B B B B B B B B B



rowed the balance of the purchase price, it would be considered a purchase money trust deed
B B B B B B B B B B B B B B B



B if the borrower received this amount from - ANSWER
B B B B B B B B A) A lender
B B




B) A friend
B B




C) Any of these
B B B




D) The seller
B B




C)



A mortgage loan is identified as -
B B B B B B



B ANSWER A) any recorded instrument related to financial transfer
B B B B B B B




B) a loan collateralized by real property
B B B B B B




C) An unsecured note
B B B




D) A promissory note
B B B




B)



If a person paid 220 interest on a 8000 loan for 90 days the interest rate was -
B B B B B B B B B B B B B B B B B



B ANSWER A)12 percent B




B) 11 B




C) 10 B




D) 9 B




(R x T) x P=I
B B B B




I= 880 because 220 Interest/90 days x 4 quarters
B B B B B B B B




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