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REAL ESTATE PRACTICE EXAM LATEST 2025
ACTUAL QUESTIONS (90 Q&A) WITH
DETAILED ANSWERS / A+ GRADE ASSURED /
2025
Termsinthisset(90)j j j j
1.Brokeragedefinition...
j j the business practice of bringing together the parties in a
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practice.
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2.Whataretwoexamplesof
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special use property?
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3. What is an example of
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functional obsolescence?
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4. Principal definition...
j j a consumer of real estate services who has entered into an
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agency relationship with a broker or another licensee
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employed by a broker.
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5.Capitalizationdefinition...
j j the process of determining the present value of a property from it's
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future income.
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6. What is the salespersons
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obligation to a buyer under
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single agency listing?
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8. All are examples of real
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estate except...
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9.Whatishomeowners
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insurance?
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j j j j Want to earn $1.236
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Distribution of this document is illegal j j j j j extra per year?
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, Stuvia.com - The Marketplace to Buy and Sell your Study Material
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the type of agency in which the principal authorizes the
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10. Special agent definition...
j j j agent to represent the agent in "one specific transaction or
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business activity"
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11. Which is not used to
j j j j j GrossRentMultiplierMethodj j j
determinecostapproachto
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estimate value? -Quantity Survey
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Method
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-Unit-in-Place Method j
-SquareFoot Method j j
-GrossRentMultiplier j j
Method
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What is steering? j j theunlawfulactofkeepingabuyerawayfromcertaincommunities or
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guiding them to purchase in certain communities.
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15.Entitlementto
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commissionwhen
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transaction is not
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consummated.
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16. Can a salesperson give
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legal advice?
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17.Whodeterminesthe
j j j Anagreement betweenthe ownerand broker
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commission in a listing
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contract?
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19. All are typical duties of a
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property manager with the
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exception of...
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20.Transfertaxistypically paid
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by for by whom?
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Downloaded by: SMARTB |
j j j j Want to earn $1.236
j j j
Distribution of this document is illegal j j j j j extra per year?
j j
j j j j j j j j j j
REAL ESTATE PRACTICE EXAM LATEST 2025
ACTUAL QUESTIONS (90 Q&A) WITH
DETAILED ANSWERS / A+ GRADE ASSURED /
2025
Termsinthisset(90)j j j j
1.Brokeragedefinition...
j j the business practice of bringing together the parties in a
j j j j j j j j j
practice.
j
2.Whataretwoexamplesof
j j j j j schools and cemetary j j
special use property?
j j j
3. What is an example of
j j j j j bathroom
functional obsolescence?
j j
4. Principal definition...
j j a consumer of real estate services who has entered into an
j j j j j j j j j j
agency relationship with a broker or another licensee
j j j j j j j j
employed by a broker.
j j j j
5.Capitalizationdefinition...
j j the process of determining the present value of a property from it's
j j j j j j j j j j j
future income.
j j
6. What is the salespersons
j j j j Informthebuyer j j
obligation to a buyer under
j j j j j
single agency listing?
j j j
8. All are examples of real
j j j j j factories
estate except...
j j
9.Whatishomeowners
j j j Insurancetoprotectownersfromfiresandotheretc.j j j j j j j j
insurance?
j
Downloaded by: SMARTB |
j j j j Want to earn $1.236
j j j
Distribution of this document is illegal j j j j j extra per year?
j j
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
j j j j j j j j j j
the type of agency in which the principal authorizes the
j j j j j j j j j
10. Special agent definition...
j j j agent to represent the agent in "one specific transaction or
j j j j j j j j j j
business activity"
j j
11. Which is not used to
j j j j j GrossRentMultiplierMethodj j j
determinecostapproachto
j j j j
estimate value? -Quantity Survey
j j j j
Method
j
-Unit-in-Place Method j
-SquareFoot Method j j
-GrossRentMultiplier j j
Method
j
What is steering? j j theunlawfulactofkeepingabuyerawayfromcertaincommunities or
j j j j j j j j j j j
guiding them to purchase in certain communities.
j j j j j j j
15.Entitlementto
j j Exceptwhenlistingbrokerdoesnotdiscloseinformation
j j j j j j j
commissionwhen
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transaction is not
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consummated.
j
16. Can a salesperson give
j j j j No, not unless they are an attorney.
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legal advice?
j j
17.Whodeterminesthe
j j j Anagreement betweenthe ownerand broker
j j j j j j
commission in a listing
j j j j
contract?
j
19. All are typical duties of a
j j j j j j Investing profits j
property manager with the
j j j j
exception of...
j j
20.Transfertaxistypically paid
j j j j j Buyerand seller j j
by for by whom?
j j j j
Downloaded by: SMARTB |
j j j j Want to earn $1.236
j j j
Distribution of this document is illegal j j j j j extra per year?
j j
