PUERTO RICO REAL ESTATE SALESPERSON
LICENSING EXAM PRACTICE QUESTIONS
WITH ANSWERS AND RATIONALES
SECTION 1: REAL ESTATE PRINCIPLES & PRACTICE (25
Questions)
Question 1
What is the primary characteristic of real property?
A) It is movable and can be transported
B) It is immovable and attached to the land
C) It includes only the building structure
D) It can be easily converted to personal property
Correct Answer: B
Rationale: Real property is defined as land and anything
permanently attached to it. The key characteristic is
immobility—it cannot be moved from its location. This
distinguishes it from personal property, which is movable.
,Question 2
Which of the following is NOT an example of a fixture?
A) A built-in bookcase
B) A ceiling fan wired into the electrical system
C) A dining room table
D) A central air conditioning unit
Correct Answer: C
Rationale: A dining room table is personal property (chattel)
because it is not permanently attached to the real estate.
Fixtures are items that were once personal property but have
been attached to the land or building in a permanent manner,
such as built-in bookcases, wired ceiling fans, and central air
conditioning units.
Question 3
What are the four essential elements of a valid real
estate contract in Puerto Rico?
A) Offer, acceptance, consideration, and legal purpose
B) Verbal agreement, handshake, payment, and closing
, C) Writing, signatures, witnesses, and notary
D) Price, property description, closing date, and earnest
money
Correct Answer: A
Rationale: Like all contracts in Puerto Rico, real estate
contracts must include offer, acceptance, consideration
(something of value exchanged), and a legal purpose. While
real estate contracts must generally be in writing under the
Statute of Frauds, the four essential elements remain offer,
acceptance, consideration, and legal purpose.
Question 4
Under Puerto Rico law, what is the maximum commission
rate a real estate salesperson can charge without a
written agreement?
A) 3%
B) 5%
C) 6%
D) There is no commission without a written agreement
Correct Answer: D
, Rationale: Under Puerto Rico real estate regulations, a real
estate salesperson cannot collect a commission without a
written agreement signed by the client. The commission rate
must be clearly stated in writing. This protects both the
agent and the client.
Question 5
What is the difference between a broker and a
salesperson in Puerto Rico?
A) A broker owns the company; a salesperson works for
the company
B) A broker can operate independently; a salesperson
must work under a broker
C) A broker charges higher commissions
D) There is no legal difference
Correct Answer: B
Rationale: In Puerto Rico, a licensed real estate broker can
operate independently and supervise salespersons. A
salesperson must work under the supervision of a licensed
broker and cannot operate independently or receive
commissions directly from clients.
LICENSING EXAM PRACTICE QUESTIONS
WITH ANSWERS AND RATIONALES
SECTION 1: REAL ESTATE PRINCIPLES & PRACTICE (25
Questions)
Question 1
What is the primary characteristic of real property?
A) It is movable and can be transported
B) It is immovable and attached to the land
C) It includes only the building structure
D) It can be easily converted to personal property
Correct Answer: B
Rationale: Real property is defined as land and anything
permanently attached to it. The key characteristic is
immobility—it cannot be moved from its location. This
distinguishes it from personal property, which is movable.
,Question 2
Which of the following is NOT an example of a fixture?
A) A built-in bookcase
B) A ceiling fan wired into the electrical system
C) A dining room table
D) A central air conditioning unit
Correct Answer: C
Rationale: A dining room table is personal property (chattel)
because it is not permanently attached to the real estate.
Fixtures are items that were once personal property but have
been attached to the land or building in a permanent manner,
such as built-in bookcases, wired ceiling fans, and central air
conditioning units.
Question 3
What are the four essential elements of a valid real
estate contract in Puerto Rico?
A) Offer, acceptance, consideration, and legal purpose
B) Verbal agreement, handshake, payment, and closing
, C) Writing, signatures, witnesses, and notary
D) Price, property description, closing date, and earnest
money
Correct Answer: A
Rationale: Like all contracts in Puerto Rico, real estate
contracts must include offer, acceptance, consideration
(something of value exchanged), and a legal purpose. While
real estate contracts must generally be in writing under the
Statute of Frauds, the four essential elements remain offer,
acceptance, consideration, and legal purpose.
Question 4
Under Puerto Rico law, what is the maximum commission
rate a real estate salesperson can charge without a
written agreement?
A) 3%
B) 5%
C) 6%
D) There is no commission without a written agreement
Correct Answer: D
, Rationale: Under Puerto Rico real estate regulations, a real
estate salesperson cannot collect a commission without a
written agreement signed by the client. The commission rate
must be clearly stated in writing. This protects both the
agent and the client.
Question 5
What is the difference between a broker and a
salesperson in Puerto Rico?
A) A broker owns the company; a salesperson works for
the company
B) A broker can operate independently; a salesperson
must work under a broker
C) A broker charges higher commissions
D) There is no legal difference
Correct Answer: B
Rationale: In Puerto Rico, a licensed real estate broker can
operate independently and supervise salespersons. A
salesperson must work under the supervision of a licensed
broker and cannot operate independently or receive
commissions directly from clients.
