ACEABLE AGENT REAL ESTATE PRINCIPLES
CERTIFICATION EVALUATION 2026 FULL
QUESTIONS WITH SOLUTIONS
◉ Closing. Answer: The completion of a real estate transaction in
which the buyer receives ownership and the seller receives the
contract amount
◉ Comparative Market Analysis (CMA). Answer: A report comparing
the prices of sold homes that are similar to the subject property
(called comparables), created by a license holder to help the seller
or buyer determine the market value
◉ Seller's Market. Answer: a market condition in which the number
of properties for sale does not meet the demand (number of people
looking to buy)
◉ Buyer's Market. Answer: relatively low demand for real estate in
the area (it will take 6 months or more to sell a house)
◉ Agent. Answer: A person who acts on behalf of someone else
, ◉ Seller's Disclosure Notice. Answer: A document filled out by the
seller concerning any defects in the improvements on the property
◉ Subagent. Answer: A license holder from one office who
represents the seller through cooperation with the listing broker of
another company
◉ Material Fact. Answer: Any fact that is significant or essential to
the transaction
◉ Principle. Answer: the individual who authorizes another person
to act on their behalf
◉ Intermediary Relationships. Answer: occur when the same real
estate office is representing both the seller and the buyer as clients
in the same transaction
◉ Third Party. Answer: the individual with whom the agent and
principal enter into real estate negotiations. The third party is also
sometimes referred to as the customer
◉ Agency Relationship Disclosure. Answer: Agency relationships
should be disclosed at first contact
CERTIFICATION EVALUATION 2026 FULL
QUESTIONS WITH SOLUTIONS
◉ Closing. Answer: The completion of a real estate transaction in
which the buyer receives ownership and the seller receives the
contract amount
◉ Comparative Market Analysis (CMA). Answer: A report comparing
the prices of sold homes that are similar to the subject property
(called comparables), created by a license holder to help the seller
or buyer determine the market value
◉ Seller's Market. Answer: a market condition in which the number
of properties for sale does not meet the demand (number of people
looking to buy)
◉ Buyer's Market. Answer: relatively low demand for real estate in
the area (it will take 6 months or more to sell a house)
◉ Agent. Answer: A person who acts on behalf of someone else
, ◉ Seller's Disclosure Notice. Answer: A document filled out by the
seller concerning any defects in the improvements on the property
◉ Subagent. Answer: A license holder from one office who
represents the seller through cooperation with the listing broker of
another company
◉ Material Fact. Answer: Any fact that is significant or essential to
the transaction
◉ Principle. Answer: the individual who authorizes another person
to act on their behalf
◉ Intermediary Relationships. Answer: occur when the same real
estate office is representing both the seller and the buyer as clients
in the same transaction
◉ Third Party. Answer: the individual with whom the agent and
principal enter into real estate negotiations. The third party is also
sometimes referred to as the customer
◉ Agency Relationship Disclosure. Answer: Agency relationships
should be disclosed at first contact
