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

1. The rights of ownership of real property include all of the following EXCEPT
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a. compatibility .
B B




b. disposition.
B




c. exclusion.
B




d. control. - ANSWER
B B B a



2. An important characteristic of land is that it may be modified or improved at some point in t
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ime. Depending on its type, an improvement may increase the value of real estate greatly. All
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of the following are considered to be improvements EXCEPT
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a. sewers.
B




b. crops.
B




c. buildings.
B




d. roads. - ANSWER
B B B b



3. A man leases a store space to open a restaurant. He installs ovens, booths, counters, and ot
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her equipment. When would these items become real property?
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a. At lease expiration, if the man does not remove them
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b. After they are installed
B B B B




c. After the man defaults on his rental payments
B B B B B B B B




d. After the lease takes effect - ANSWER
B B B B B B B a



4. A real estate professional sells property listed by another brokerage firm in the multiple listi
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ng service. The real estate professional has been working with the buyer for many months but
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does not have an agency contract with him. This real estate professional has fiduciary obligati
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ons to B




a. the buyer.
B B




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Wicky

,b. no one.
B B




c. the public.
B B B




d. the seller. - ANSWER
B B B B d



5. A man's house has been listed for sale for more than one year and he is very anxious to mov
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e into a retirement community. A real estate professional, who is a subagent of the seller, tells
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a prospective buyer to make a low offer because she is sure that the seller will accept it. Regar
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ding the real estate professional's conduct, which of the following is FALSE?
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a. She acted appropriately to sell the seller's property.
B B B B B B B B B




b . Her conduct implies she is representing the buyer.
B B B B B B B B B




c. She should not assume that an anxious seller will accept a lower offer.
B B B B B B B B B B B B B B




d. She violated her fiduciary duty to the seller. - ANSWER
B B B B B B B B B B a



6. A real estate professional who represents the seller is showing a house to a prospective buy
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er-
customer. The real estate professional knows that the house has water problems in the basem
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ent. Which of the following is TRUE?
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a. Withholding the information prevents the buyer from making an informed decision.
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b. Withholding the information properly protects the confidence of the seller.
B B B B B B B B B B




c. Disclosing the information could create a fiduciary relationship with the buyer.
B B B B B B B B B B B




d. Disclosing the information violates the real estate professional's fiduciary duty to the seller.
B B B B B B B B B B B B B B



- ANSWER
B a



7. What is the commission rate of 5% on a sale of $250,000?
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a. $25,000
B




b. $1,750
B




c. $12,500
B




d. $3,571 - ANSWER
B B B c



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Wicky

, 8. A broker's newest sales associate lists a unit in a condominium building for sale. In this trans
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action, the sales associate B B B




a. has a direct contractual relationship with the owners of the unit.
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b. acts on behalf of the broker.
B B B B B B




c. acts on behalf of the condominium association.
B B B B B B B




d. must personally find a buyer for the unit to obtain a share of the commission . -
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B ANSWER b



9. The commission on the sale of a house is $9,410, and 30% goes to the broker who listed the
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property . Of the remainder , the broker whose sales associate completed the transaction gets
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45%, and the sales associate receives the balance. How much does the sales associate who m
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ade the sale receive?
B B B




a. $4,389
B B




b. $3,728
B




c. $3,622.85
B B




d. $2,425 - ANSWER
B B B c



10. The type of real estate ownership that is MOST all-inclusive is a
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a. life estate.
B B




b. fee simple estate.
B B B




c. conditional fee estate
B B B B




d. reversionary interest - ANSWER
B B B B b



11. A father conveyed the family home to his daughter by will as a pur autre vie estate for the li
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fe of her mother. If the daughter should die before the mother, who gains possession of the pr
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operty?

a. Remainderman
B B




b. Mother
B




c. Father's other children
B B B




d. Daughter's heirs - ANSWER
B B B B d

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Wicky