RI REAL ESTATE PRACTICE
EXAM WITH VERIFIED
QUESTIONS AND ANSWERS
GRADED A+ 2026 BRAND NEW!!
Eileen is a real estate professional who represents Shamalaya in her home purchase.
What's Eileen's responsibility to Shamalaya regarding property taxes? - answer-Disclose
them to Shamalaya.
Richard gave his town six acres adjacent to his property for use as a public park. This
type of property transfer is called a ______. - answer-Dedication by deed
Which of the following is prohibited under federal fair housing laws? - answer-Offering
different terms, conditions, or privileges based on protected class status
Jerome is developing an ad for three properties he has listed in an upscale community.
He wants to keep it short and simple. Which of these would NOT trigger full disclosure
under TILA? - answer-Get a low 4.925% APR
Calvin purchased a house for $220,000, financing $200,000 using a 30-year
conventional mortgage at 4% interest. His monthly payment is $955, including both
principal and interest. The annual property taxes are $1,400 and the combined annual
insurance premium is $900. What's Calvin's PITI payment each month? - answer-
$1,146.67
Which of the following statements is true regarding timeshare estates? - answer-
Timeshare estates can be sold or passed down to heirs.
What's one of the required elements of a valid option contract? - answer-The amount of
consideration the optionee is paying the optionor
, What type of leasehold is characterized by possession of a property without the express
permission of the property owner, such as a situation in which a tenant continues to
occupy an apartment after the lease has terminated? - answer-Estate at sufferance
Which covenant requires the grantor to execute any necessary legal documents (within
his power) necessary to fix title defects discovered after closing? - answer-The covenant
of further assurances
A broker's supervisory requirements are ______. - answer-Varied
Roxanne just finished making a buyer presentation to Fred and Regina Jones. Now that
they understand the difference between being customers and being clients, they're
anxious to be represented. What is one of Roxanne's duties to them as their buyer's
agent? - answer-Finding properties to show to Fred and Regina
Sam and Bridget are cousins who jointly own property. They are both named on the
deed, they received title at the same time, they have the right of survivorship, and they
each have equal interest and undivided rights of possession. What type of ownership do
they have? - answer-Joint tenancy
Jackson Elementary School is undergoing some major renovations during the summer
while school is out of session. The renovation crew has a detailed list of requirements
for the disposal and drainage of wastewater and sewage. These requirements are likely
part of the ________ with which the renovators must comply. - answer-Building code
Jeffrey has accepted an offer of $310,000 for his house. The buyer is making a $50,000
down payment, and the buyer's appraisal came in at $300,000. On what number will the
buyer's lender base the loan-to-value ratio? - answer-$300,000
Which of the following statements about a sales contract signed by both parties is true?
- answer-It's a legally binding contract.
EXAM WITH VERIFIED
QUESTIONS AND ANSWERS
GRADED A+ 2026 BRAND NEW!!
Eileen is a real estate professional who represents Shamalaya in her home purchase.
What's Eileen's responsibility to Shamalaya regarding property taxes? - answer-Disclose
them to Shamalaya.
Richard gave his town six acres adjacent to his property for use as a public park. This
type of property transfer is called a ______. - answer-Dedication by deed
Which of the following is prohibited under federal fair housing laws? - answer-Offering
different terms, conditions, or privileges based on protected class status
Jerome is developing an ad for three properties he has listed in an upscale community.
He wants to keep it short and simple. Which of these would NOT trigger full disclosure
under TILA? - answer-Get a low 4.925% APR
Calvin purchased a house for $220,000, financing $200,000 using a 30-year
conventional mortgage at 4% interest. His monthly payment is $955, including both
principal and interest. The annual property taxes are $1,400 and the combined annual
insurance premium is $900. What's Calvin's PITI payment each month? - answer-
$1,146.67
Which of the following statements is true regarding timeshare estates? - answer-
Timeshare estates can be sold or passed down to heirs.
What's one of the required elements of a valid option contract? - answer-The amount of
consideration the optionee is paying the optionor
, What type of leasehold is characterized by possession of a property without the express
permission of the property owner, such as a situation in which a tenant continues to
occupy an apartment after the lease has terminated? - answer-Estate at sufferance
Which covenant requires the grantor to execute any necessary legal documents (within
his power) necessary to fix title defects discovered after closing? - answer-The covenant
of further assurances
A broker's supervisory requirements are ______. - answer-Varied
Roxanne just finished making a buyer presentation to Fred and Regina Jones. Now that
they understand the difference between being customers and being clients, they're
anxious to be represented. What is one of Roxanne's duties to them as their buyer's
agent? - answer-Finding properties to show to Fred and Regina
Sam and Bridget are cousins who jointly own property. They are both named on the
deed, they received title at the same time, they have the right of survivorship, and they
each have equal interest and undivided rights of possession. What type of ownership do
they have? - answer-Joint tenancy
Jackson Elementary School is undergoing some major renovations during the summer
while school is out of session. The renovation crew has a detailed list of requirements
for the disposal and drainage of wastewater and sewage. These requirements are likely
part of the ________ with which the renovators must comply. - answer-Building code
Jeffrey has accepted an offer of $310,000 for his house. The buyer is making a $50,000
down payment, and the buyer's appraisal came in at $300,000. On what number will the
buyer's lender base the loan-to-value ratio? - answer-$300,000
Which of the following statements about a sales contract signed by both parties is true?
- answer-It's a legally binding contract.
