Pearson Vue Real Estate Practice Exam (National) UPDATED
ACTUAL Questions and CORRECT Answers
A landlord enters into a lease with a tenant. The lease must offer the tenant the first opportunity to purchase
contains a provision stating that, if the landlord decides 3 multiple choice options
to sell the property during the term of the lease, the
tenant will have the first right of refusal to purchase the
property. Prior to the tenant's lease expiration, the
landlord would like to sell the property. The landlord:
Which of the following types of legal descriptions metes and bound
identifies a property by outlining its boundaries in terms 3 multiple choice options
of a series of directions and distances from a specific
point of origin?
If a purchase contract for a commercial property includes terminate the contract if the buyer is not satisfied with the inspection
a due diligence contingency for the buyer, then the buyer 3 multiple choice options
MAY:
Which of the following actions is an example of stating that the presence of certain persons in a neighborhood will increase crime
blockbusting? 3 multiple choice options
, When a contract states that "time is of the essence," the as soon as possible
contract MUST be delivered and presented: 3 multiple choice options
In order for a property manager to determine net operating expenses
operating income on a property, which of the following 3 multiple choice options
fees is subtracted from the effective gross income?
A broker lists a property. The broker advertises and may rescind the listing contract upon obtaining permission from the owners
shows the property several times, but after each showing, 3 multiple choice options
the owners call the broker with a list of unreasonable
restrictions they want placed on the showing of the
property. The broker decides not to continue the listing.
In this situation, the broker:
A portion of an advertisement reads: "New four- Truth in Lending and Fair Housing Acts
bedroom, two-bath home for sale in a family 3 multiple choice options
neighborhood. Yours for only $1,100 per month." This
advertisement VIOLATES the provisions of the:
The CERCLA is administered by the: Environmental Protection Agency (EPA)
3 multiple choice options
A net lease affords the lessee the: deduction for real estate taxes
3 multiple choice options
If a broker lists a property and agrees to net the seller $88,298
$83,000 after the broker's 6% commission is paid, the 3 multiple choice options
property must be sold for a MINIMUM of:
Which of the following items would have to be disclosed a defect existing in the property being offered
to prospective buyers by the listing broker? 3 multiple choice options
The presence of government-regulated wetlands on a is a material fact
building lot: 3 multiple choice options
The direct sales comparison (market data) approach 5-year old single family residence
would be MOST appropriate for establishing the value of 3 multiple choice options
a:
ACTUAL Questions and CORRECT Answers
A landlord enters into a lease with a tenant. The lease must offer the tenant the first opportunity to purchase
contains a provision stating that, if the landlord decides 3 multiple choice options
to sell the property during the term of the lease, the
tenant will have the first right of refusal to purchase the
property. Prior to the tenant's lease expiration, the
landlord would like to sell the property. The landlord:
Which of the following types of legal descriptions metes and bound
identifies a property by outlining its boundaries in terms 3 multiple choice options
of a series of directions and distances from a specific
point of origin?
If a purchase contract for a commercial property includes terminate the contract if the buyer is not satisfied with the inspection
a due diligence contingency for the buyer, then the buyer 3 multiple choice options
MAY:
Which of the following actions is an example of stating that the presence of certain persons in a neighborhood will increase crime
blockbusting? 3 multiple choice options
, When a contract states that "time is of the essence," the as soon as possible
contract MUST be delivered and presented: 3 multiple choice options
In order for a property manager to determine net operating expenses
operating income on a property, which of the following 3 multiple choice options
fees is subtracted from the effective gross income?
A broker lists a property. The broker advertises and may rescind the listing contract upon obtaining permission from the owners
shows the property several times, but after each showing, 3 multiple choice options
the owners call the broker with a list of unreasonable
restrictions they want placed on the showing of the
property. The broker decides not to continue the listing.
In this situation, the broker:
A portion of an advertisement reads: "New four- Truth in Lending and Fair Housing Acts
bedroom, two-bath home for sale in a family 3 multiple choice options
neighborhood. Yours for only $1,100 per month." This
advertisement VIOLATES the provisions of the:
The CERCLA is administered by the: Environmental Protection Agency (EPA)
3 multiple choice options
A net lease affords the lessee the: deduction for real estate taxes
3 multiple choice options
If a broker lists a property and agrees to net the seller $88,298
$83,000 after the broker's 6% commission is paid, the 3 multiple choice options
property must be sold for a MINIMUM of:
Which of the following items would have to be disclosed a defect existing in the property being offered
to prospective buyers by the listing broker? 3 multiple choice options
The presence of government-regulated wetlands on a is a material fact
building lot: 3 multiple choice options
The direct sales comparison (market data) approach 5-year old single family residence
would be MOST appropriate for establishing the value of 3 multiple choice options
a:
