CE SHOP ACTUAL EXAM TEST PAPER FULL QUESTIONS CORRECT RESPONSES
CE SHOP Final EXAM Review 2026/2027 Questions
and Answers Verified Solutions Latest Update
Question:
Burt terminated his exclusive right-to-sell listing agreement with Scott, his listing broker. Burt may
legally do this as long as he's ________
Answer:
willing to pay Scott's commission anyway
Question:
what must a homeowner in DC disclose about a property built before 1978 if they have never tested
it for lead paint?
Answer:
that the home is presumed to have lead-based paint
Question:
Fred is buying Gary's property, which is listed with Sara. Who are the parties to the listing
agreement?
Answer:
Gary and Sara
Question:
an appraiser used the cost approach to estimate a property's value at $220,000. The site value was
$50,000 and the total depreciation estimate was $4,000. What was the estimated cost of
improvements?
Answer:
$174,000
,Question:
which term is defined as the addition of one possessor's years of use to another's continuous use of
the same property in an adverse possession claim?
Answer:
tacking
Question:
which one of the following statements describes informed consent as it relates to dual agency?
Answer:
both the buyer and the seller understand what dual agency is and agree in writing to allow the agent
to represent both parties
Question:
which of the following factors would play a role in an IRS determination as to whether a licensee
should be classified as an employee or an independent contractor?
Answer:
whether the licensee receives benefits from the brokerage firm
Question:
under the statute of _____, if legal remedy is sought against a person, the pursuer must bring a court
action within a specified period of time
Answer:
limitations
Question:
Chester is interested in becoming a real estate licensee in DC. After completing the requirements for
obtaining the license for a real estate salesperson, which agency will administer Chester's license?
Answer:
,DC Real Estate Commission
Question:
A client terminates a listing agreement before its expiration date. What happens now?
Answer:
the client may owe a commission anyway
Question:
what's involuntary lien?
Answer:
a lien created without a property owner's consent
Question:
Jim is a listing agent. What offers must he present to his client and when?
Answer:
he must present all offers as soon as practicable
Question:
Wallace is beside himself He spent the last five months raising enough money to purchase the
property that he has an opinion on, and now, a month before the end of his option period, the seller
refuses to sell him the property. The seller's actions are ____________.
Answer:
a breach of contract
Question:
The mishandling of escrow funds can result in_______________.
Answer:
, Disciplinary action and fines for the real estate licensee
Question:
How many feet are in a mile?
Answer:
5,280
Question:
Under which types of agency agreement may a buyer and agent operate?
Answer:
open, exclusive right to represent, and exclusive agency
Question:
With an option contract, which of the following constitutes a breach of contract?
Answer:
the optionor sells the property without the option contract to someone other than the optionee
Question:
What would be an altruistic reason for a municipality to accept a land dedication?
Answer:
to use the land for public benefit
Question:
Rhonda and Jade both consider themselves African-American, although Rhonda has much darker
skin and hair than Jade. When Rhonda went to the Valley Falls apartment manager's office to
request a rental application, she was told there were no vacancies. Jade went in a day later and
received an application. This may be discrimination based on__________
CE SHOP Final EXAM Review 2026/2027 Questions
and Answers Verified Solutions Latest Update
Question:
Burt terminated his exclusive right-to-sell listing agreement with Scott, his listing broker. Burt may
legally do this as long as he's ________
Answer:
willing to pay Scott's commission anyway
Question:
what must a homeowner in DC disclose about a property built before 1978 if they have never tested
it for lead paint?
Answer:
that the home is presumed to have lead-based paint
Question:
Fred is buying Gary's property, which is listed with Sara. Who are the parties to the listing
agreement?
Answer:
Gary and Sara
Question:
an appraiser used the cost approach to estimate a property's value at $220,000. The site value was
$50,000 and the total depreciation estimate was $4,000. What was the estimated cost of
improvements?
Answer:
$174,000
,Question:
which term is defined as the addition of one possessor's years of use to another's continuous use of
the same property in an adverse possession claim?
Answer:
tacking
Question:
which one of the following statements describes informed consent as it relates to dual agency?
Answer:
both the buyer and the seller understand what dual agency is and agree in writing to allow the agent
to represent both parties
Question:
which of the following factors would play a role in an IRS determination as to whether a licensee
should be classified as an employee or an independent contractor?
Answer:
whether the licensee receives benefits from the brokerage firm
Question:
under the statute of _____, if legal remedy is sought against a person, the pursuer must bring a court
action within a specified period of time
Answer:
limitations
Question:
Chester is interested in becoming a real estate licensee in DC. After completing the requirements for
obtaining the license for a real estate salesperson, which agency will administer Chester's license?
Answer:
,DC Real Estate Commission
Question:
A client terminates a listing agreement before its expiration date. What happens now?
Answer:
the client may owe a commission anyway
Question:
what's involuntary lien?
Answer:
a lien created without a property owner's consent
Question:
Jim is a listing agent. What offers must he present to his client and when?
Answer:
he must present all offers as soon as practicable
Question:
Wallace is beside himself He spent the last five months raising enough money to purchase the
property that he has an opinion on, and now, a month before the end of his option period, the seller
refuses to sell him the property. The seller's actions are ____________.
Answer:
a breach of contract
Question:
The mishandling of escrow funds can result in_______________.
Answer:
, Disciplinary action and fines for the real estate licensee
Question:
How many feet are in a mile?
Answer:
5,280
Question:
Under which types of agency agreement may a buyer and agent operate?
Answer:
open, exclusive right to represent, and exclusive agency
Question:
With an option contract, which of the following constitutes a breach of contract?
Answer:
the optionor sells the property without the option contract to someone other than the optionee
Question:
What would be an altruistic reason for a municipality to accept a land dedication?
Answer:
to use the land for public benefit
Question:
Rhonda and Jade both consider themselves African-American, although Rhonda has much darker
skin and hair than Jade. When Rhonda went to the Valley Falls apartment manager's office to
request a rental application, she was told there were no vacancies. Jade went in a day later and
received an application. This may be discrimination based on__________
