CESHOPPRACTICE EXAM QUESTIONS b b b b
WITH CORRECT ANSWERS b b b
2026,A+SCORE. b
What are the three Cs of credit? - CORRECT ANSWER -Character, capital, capacity
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What are common ownership structures for real estate brokerages? - CORRECT ANSWER - Sole
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proprietorships, partnerships, and corporations
b b b b
Foundation walls are constructed on top of which of these items? - CORRECT ANSWER - Footings
b b b b b b b b b b b b b b b
Seller Garrett has a closing date of October 11. He's responsible for closing costs up to but not
b b b b b b b b b b b b b b b b b
including the day of settlement, but has already paid his annual taxes of $1,820. Using a calend ar
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year proration, Garrett will be
b b on the closing statement. - CORRECT ANSWER -b b b b b b b b b b b
Credited $409 b
Certain homes and other buildings are designated as "target" dwellings by the EPA. What does this
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mean? - CORRECT ANSWER -
b b b b b
There are specific requirements for contractors performing lead abatement or remodeling thes e
b b b b b b b b b b b b
homes.
b
Pamela inherited a piece of property that has been in her family for generations. She wants to find
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the property's exact boundaries. What should contain this information? -
b b b b b b b b b b
CORRECT ANSWER -A legal description of the property b b b b b b b
What's the point from which elevation is measured? - CORRECT ANSWER -Datum
b b b b b b b b b b b
Robert and Sarah enter into a contract for Sarah to purchase Robert's home. Robert decides he
b b b b b b b b b b b b b b b
doesn't want to sell, and is elated when he finds out that Sarah's only 17 years old. Can Sarah force
b b b b b b b b b b b b b b b b b b b b
Robert to sell? - CORRECT ANSWER -
b b b b b b b
Yes, Sarah can require that Robert fulfill the contract terms.
b b b b b b b b b
, How many square feet are in an acre? - CORRECT ANSWER -43,560 square feet
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Rob is searching for a new apartment that he can lease for the next two years while he's worki ng in
b b b b b b b b b b b b b b b b b b b b
the area. He has hired Danielle to represent him as his agent in this transaction. Is Daniell e
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required to provide Rob with an agency disclosure form? - CORRECT ANSWER -
b b b b b b b b b b b b b
Yes, agency disclosure is required on leases exceeding one year.
b b b b b b b b b
What might Trina's mother have bequeathed to Trina? - CORRECT ANSWER - Her
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jewelry and fine china
b b b b
An agent has a seller who wants to list the property at $550,000. The market has taken a down turn,
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and the fair market value is estimated at $495,000. What is the best approach for this list ing? -
b b b b b b b b b b b b b b b b b b b
CORRECT ANSWER -
b b b
Explain the benefits in the long run of entering the market at a fair price.
b b b b b b b b b b b b b b
Jacob is a developer who purchased 78 acres and had it subdivided into half-
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acre lots. He decided to install sewer and underground electricity for the entire subdivision, be
b b b b b b b b b b b b b b
cause he thinks that he will easily recoup his initial infrastructure investment. This is an exampl e of
b b b b b b b b b b b b b b b b b b
which economic characteristic of real property? - CORRECT ANSWER -Permanence
b b b b b b b b b b
Which of the following is the name of a penalty lenders charge when borrowers repay their loa ns
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earlier than expected? - CORRECT ANSWER -Prepayment penalty
b b b b b b b b
James purchased five acres of land for $75,000. What was the cost per acre? -
b b b b b b b b b b b b b b
CORRECT ANSWER -$15,000
b b b
Improving credit scores can also b b b b b . - CORRECT ANSWER -
b b b b
Increase how much house the borrower can afford
b b b b b b b b
WITH CORRECT ANSWERS b b b
2026,A+SCORE. b
What are the three Cs of credit? - CORRECT ANSWER -Character, capital, capacity
b b b b b b b b b b b b
What are common ownership structures for real estate brokerages? - CORRECT ANSWER - Sole
b b b b b b b b b b b b b
proprietorships, partnerships, and corporations
b b b b
Foundation walls are constructed on top of which of these items? - CORRECT ANSWER - Footings
b b b b b b b b b b b b b b b
Seller Garrett has a closing date of October 11. He's responsible for closing costs up to but not
b b b b b b b b b b b b b b b b b
including the day of settlement, but has already paid his annual taxes of $1,820. Using a calend ar
b b b b b b b b b b b b b b b b b b
year proration, Garrett will be
b b on the closing statement. - CORRECT ANSWER -b b b b b b b b b b b
Credited $409 b
Certain homes and other buildings are designated as "target" dwellings by the EPA. What does this
b b b b b b b b b b b b b b b
mean? - CORRECT ANSWER -
b b b b b
There are specific requirements for contractors performing lead abatement or remodeling thes e
b b b b b b b b b b b b
homes.
b
Pamela inherited a piece of property that has been in her family for generations. She wants to find
b b b b b b b b b b b b b b b b b
the property's exact boundaries. What should contain this information? -
b b b b b b b b b b
CORRECT ANSWER -A legal description of the property b b b b b b b
What's the point from which elevation is measured? - CORRECT ANSWER -Datum
b b b b b b b b b b b
Robert and Sarah enter into a contract for Sarah to purchase Robert's home. Robert decides he
b b b b b b b b b b b b b b b
doesn't want to sell, and is elated when he finds out that Sarah's only 17 years old. Can Sarah force
b b b b b b b b b b b b b b b b b b b b
Robert to sell? - CORRECT ANSWER -
b b b b b b b
Yes, Sarah can require that Robert fulfill the contract terms.
b b b b b b b b b
, How many square feet are in an acre? - CORRECT ANSWER -43,560 square feet
b b b b b b b b b b b b b
Rob is searching for a new apartment that he can lease for the next two years while he's worki ng in
b b b b b b b b b b b b b b b b b b b b
the area. He has hired Danielle to represent him as his agent in this transaction. Is Daniell e
b b b b b b b b b b b b b b b b b b
required to provide Rob with an agency disclosure form? - CORRECT ANSWER -
b b b b b b b b b b b b b
Yes, agency disclosure is required on leases exceeding one year.
b b b b b b b b b
What might Trina's mother have bequeathed to Trina? - CORRECT ANSWER - Her
b b b b b b b b b b b b
jewelry and fine china
b b b b
An agent has a seller who wants to list the property at $550,000. The market has taken a down turn,
b b b b b b b b b b b b b b b b b b b
and the fair market value is estimated at $495,000. What is the best approach for this list ing? -
b b b b b b b b b b b b b b b b b b b
CORRECT ANSWER -
b b b
Explain the benefits in the long run of entering the market at a fair price.
b b b b b b b b b b b b b b
Jacob is a developer who purchased 78 acres and had it subdivided into half-
b b b b b b b b b b b b b
acre lots. He decided to install sewer and underground electricity for the entire subdivision, be
b b b b b b b b b b b b b b
cause he thinks that he will easily recoup his initial infrastructure investment. This is an exampl e of
b b b b b b b b b b b b b b b b b b
which economic characteristic of real property? - CORRECT ANSWER -Permanence
b b b b b b b b b b
Which of the following is the name of a penalty lenders charge when borrowers repay their loa ns
b b b b b b b b b b b b b b b b b
earlier than expected? - CORRECT ANSWER -Prepayment penalty
b b b b b b b b
James purchased five acres of land for $75,000. What was the cost per acre? -
b b b b b b b b b b b b b b
CORRECT ANSWER -$15,000
b b b
Improving credit scores can also b b b b b . - CORRECT ANSWER -
b b b b
Increase how much house the borrower can afford
b b b b b b b b
