national real estate EXAM A+ GRADE ASSURED COMPLETE SOLUTIONS AND VERIFIED ANSWERS

ATI EXAM ms




Exam Solution ms




NATIONAL REAL ESTATE EXAM 2026 A+ GRADE ASSUR ms ms ms ms ms ms ms




ED COMPLETE SOLUTIONS AND VERIFIED ANSWERS (4
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0680)




QUESTION 1 ms




In most cases, broker compensation, as a percentage of home price, falls somewhere b
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etween:
ANSWER

5-7%



QUESTION 2 ms




A Christian organization owns a fourplex. It wants to rent to only Christian tenants. U
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nder the federal Fair Housing Act, is this legal?
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ANSWER

Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair
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Housing Act
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QUESTION 3 ms




What happens to trade fixtures after a business moves out of a leased property?
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ANSWER

The tenant removes their trade fixtures and takes them upon moving out.
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QUESTION 4 ms




Suppose that a borrower has a gross monthly income of $3,000 and wants to qualify f
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or a conforming loan (total debt service ratio of 36%) with a monthly PITI payment o
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f $800. What is the maximum amount of additional long-
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term obligations this borrower may have after PITI?
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,ANSWER

$280



QUESTION 5 ms




A square bedroom measures 10 feet by 10 feet. What is the area of the room?
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ANSWER

100 square feet
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QUESTION 6 ms




Which of these is an economic characteristic that makes land a distinctive commodity?
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*
ANSWER

situs



QUESTION 7 ms




In a fixed-
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rate mortgage that is fully amortized, the total amount of interest to be paid is:
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ANSWER

predetermined



QUESTION 8 ms




Which is exempt from the federal Fair Housing Act?
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ANSWER

renting a room in a house occupied by the owner
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QUESTION 9 ms




The Americans with Disabilities Act applies to:
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ANSWER

privately owned or government-owned public accommodations
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QUESTION 10 ms

, Condemnation is the act of seizing private property from citizens. What gives the gove
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rnment the right to do this?
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ANSWER

eminent domain ms




QUESTION 11 ms




The PHYSICAL characteristics of land are that land is indestructible, non-
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homogenous, and: ms




ANSWER

immobile



QUESTION 12 ms




Which statement BEST defines the term contingency?
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ANSWER

stipulation that must be satisfied before the contract can be performed
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QUESTION 13 ms




If a borrower is behind on payments, the acceleration clause gives the lender the abili
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ty to:
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ANSWER

call the entire loan balance due immediately
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QUESTION 14 ms




A metes and bounds legal description always returns to:
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ANSWER

the point of beginning
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QUESTION 15 ms




What should a license holder do if a client instructs them to do something that would
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discriminate against a protected class? ms ms ms ms




ANSWER

advise the client they cannot legally discriminate against certain groups
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