2025/2026 Exam Questions and Answers
| A+ Score Assured
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
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