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Pearson Vue Real Estate Practice Exam
Questions and Answers
Under the law of agency, a broker's responsibility to the principal
is?
Ans: Exercise Care, obedience, accounting and disclosure
Which of the following items would have to be disclosed to
prospective buyers by the listing broker?
Ans: 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?
Ans: 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?
Ans: Can't be followed because they violate the act
Items permanently attached to real property are considered?
Ans: Fixtures
The income approach is most likely to be used when determining
the value of an?
Ans: Office building
A property manager works in the best interest of the?
© 2025 All rights reserved
, 2 | Page
Ans: 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?
Ans: Covenant
When a married couple takes title to a property as tenants in
common, they have elected a form of ownership that allows for?
Ans: Unequal shares of Ownership
A loan that provides for increases and decreases in the interest
rate during its term is known as?
Ans: An ARM, adjustable-rate mortgage
A minority couple asks a licensee to show them a listed house.
The licensee suggests that they look at houses in areas with larger
minority populations than that of the listed house. What is the
licensee guilty of?
Ans: Steering
In a real estate closing, the buyer generally pays for the?
Ans: recording of a new mortgage
An illegal lending practice whereby a bank refuses to make
mortgage loans in a certain neighborhood based on the ethnic
makeup of that area is known as?
Ans: Red-lining
Which of the following types of legal descriptions identifies a
property by outlining its boundaries in terms of a series of
directions and distances?
Ans: Metes & Bounds
© 2025 All rights reserved
Pearson Vue Real Estate Practice Exam
Questions and Answers
Under the law of agency, a broker's responsibility to the principal
is?
Ans: Exercise Care, obedience, accounting and disclosure
Which of the following items would have to be disclosed to
prospective buyers by the listing broker?
Ans: 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?
Ans: 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?
Ans: Can't be followed because they violate the act
Items permanently attached to real property are considered?
Ans: Fixtures
The income approach is most likely to be used when determining
the value of an?
Ans: Office building
A property manager works in the best interest of the?
© 2025 All rights reserved
, 2 | Page
Ans: 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?
Ans: Covenant
When a married couple takes title to a property as tenants in
common, they have elected a form of ownership that allows for?
Ans: Unequal shares of Ownership
A loan that provides for increases and decreases in the interest
rate during its term is known as?
Ans: An ARM, adjustable-rate mortgage
A minority couple asks a licensee to show them a listed house.
The licensee suggests that they look at houses in areas with larger
minority populations than that of the listed house. What is the
licensee guilty of?
Ans: Steering
In a real estate closing, the buyer generally pays for the?
Ans: recording of a new mortgage
An illegal lending practice whereby a bank refuses to make
mortgage loans in a certain neighborhood based on the ethnic
makeup of that area is known as?
Ans: Red-lining
Which of the following types of legal descriptions identifies a
property by outlining its boundaries in terms of a series of
directions and distances?
Ans: Metes & Bounds
© 2025 All rights reserved
