PERRY REAL ESTATE COLLEGE FINAL
EXAM 2025/2026 BANK ACCURATE
REAL EXAM 2 VERSIONS WITH 500
QUESTIONS TESTING VERSIONS AND A
STUDY GUIDE | EXPERTLY VERIFIED
BEST RESEARCHED PAPER FOR
GUARANTEED PASS
A principal broker must ensure that a personal assistant
has which of the following?
-reasonable access to his supervising licensee
-training
-reasonable supervision
-all of the above - ....ANSWER...all of the above
Advantages of an investment in real estate include all of
the following EXCEPT
-the use of leverage to increase rates of return
-tax deductions
-the possibility of a tax-deferred exchange
-high liquidity - ....ANSWER...high liquidity
1
,The defeasance clause in a mortgage requires the
mortgagee to execute a(n)
-assignment of mortgage
-satisfaction of mortgage
-subordination agreement
-partial release agreement - ....ANSWER...satisfaction of
mortgage
Which of the following investments can not be
depreciated?
-commercial building
-single family home
-100 acres of vacant land
-shopping mall - ....ANSWER...100 acres of vacant land
a broker who is the agent of the buyer should do which of
the following?
-present to the seller only offers that are acceptable
-disclose to the seller that the buyer is a minority person
-disclose to the seller the maximum price the buyer is
willing to pay
2
,-advise the buyer if the listing price of the seller's house is
unrealistic - ....ANSWER...advise the buyer if the listing
price of the seller's house is unrealistic
Broker Janna was accused of violating antitrust laws. Of
the following, she was MOST likely accused of
-not having an equal housing opportunity sign in her office
window
-dealing in unlicensed exchange services
-price fixing
-undisclosed dual agencies - ....ANSWER...price fixing
Under license laws, real estate advertising must contain
which of the following?
-company's address
-listing agent's name
3
, -company's telephone number
-company name or principal broker's name -
....ANSWER...Company name or principal broker's name
A property owner contracted to have a swimming pool
installed on her property. When the pool was completed,
she refused to pay for the improvement, and the
contractor filed a lien for nonpayment. This lien was most
likely a
-specific lien
-general lien
-special lien
-voluntary lien - ....ANSWER...specific lien
Charging more interest than is legally allowed is known as
-usury
-a deficiency
-escheat
-an estoppel - ....ANSWER...usury
4
EXAM 2025/2026 BANK ACCURATE
REAL EXAM 2 VERSIONS WITH 500
QUESTIONS TESTING VERSIONS AND A
STUDY GUIDE | EXPERTLY VERIFIED
BEST RESEARCHED PAPER FOR
GUARANTEED PASS
A principal broker must ensure that a personal assistant
has which of the following?
-reasonable access to his supervising licensee
-training
-reasonable supervision
-all of the above - ....ANSWER...all of the above
Advantages of an investment in real estate include all of
the following EXCEPT
-the use of leverage to increase rates of return
-tax deductions
-the possibility of a tax-deferred exchange
-high liquidity - ....ANSWER...high liquidity
1
,The defeasance clause in a mortgage requires the
mortgagee to execute a(n)
-assignment of mortgage
-satisfaction of mortgage
-subordination agreement
-partial release agreement - ....ANSWER...satisfaction of
mortgage
Which of the following investments can not be
depreciated?
-commercial building
-single family home
-100 acres of vacant land
-shopping mall - ....ANSWER...100 acres of vacant land
a broker who is the agent of the buyer should do which of
the following?
-present to the seller only offers that are acceptable
-disclose to the seller that the buyer is a minority person
-disclose to the seller the maximum price the buyer is
willing to pay
2
,-advise the buyer if the listing price of the seller's house is
unrealistic - ....ANSWER...advise the buyer if the listing
price of the seller's house is unrealistic
Broker Janna was accused of violating antitrust laws. Of
the following, she was MOST likely accused of
-not having an equal housing opportunity sign in her office
window
-dealing in unlicensed exchange services
-price fixing
-undisclosed dual agencies - ....ANSWER...price fixing
Under license laws, real estate advertising must contain
which of the following?
-company's address
-listing agent's name
3
, -company's telephone number
-company name or principal broker's name -
....ANSWER...Company name or principal broker's name
A property owner contracted to have a swimming pool
installed on her property. When the pool was completed,
she refused to pay for the improvement, and the
contractor filed a lien for nonpayment. This lien was most
likely a
-specific lien
-general lien
-special lien
-voluntary lien - ....ANSWER...specific lien
Charging more interest than is legally allowed is known as
-usury
-a deficiency
-escheat
-an estoppel - ....ANSWER...usury
4
