Exam 2025/2026 Exam Questions with
100% Correct Answers | Latest Update
What has a large tract of land and is designated for unit development rather
than for a single use? - 🧠 ANSWER ✔✔Planned Unit Developments (PUD)
Housing
What type of leverage occurs when the rate of return exceeds? - 🧠
ANSWER ✔✔Positive Leverage
What is the APR when you have 10% Loan + 6 points? - 🧠 ANSWER
✔✔APR = 10.75% (Remember Divide 6 by 8 years which gives you .75)
Somebody that owns a property until they die is what type of ownership? -
🧠 ANSWER ✔✔Life Estate
, The grantor of the life estate may wish to have the property ownership
returned to him or her or to his or her heirs. What's the right to regain this
ownership called? - 🧠 ANSWER ✔✔Reversion
Doc stamps on Deeds is calculated at the rate of what value OR what part?
- 🧠 ANSWER ✔✔Rate of $.70 per $100 of Value, or Fractional Part thereof
(oft)
(*Question read something that can't change location...) - 🧠 ANSWER
✔✔Branch Location
Bob calls his friend who is a realtor and tells him his sister is looking to buy
a house. His friend ends up closing a deal of his sister. What should Bob's
friend do after he has received his commission?
A. Take him out to dinner
B. Pay him a Referral Fee
C. Give a gift certificate
D. Write him a Thank You card - 🧠 ANSWER ✔✔D. Thank You Card