CE Shop National Exam Questions with Correct Answers 2026 | Complete Real Estate Licensing Study Guide & Practice Test

CESHOPNATIONALEXAMQUESTIONS b b b b




WITH CORRECT ANSWERS,2026 b b b




LATEST UPDATE. b b




You're explaining to your client that using electronic documents and signatures simplifies the h
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ome buying process. Your client is skeptical about these signatures. You describe the Uniform E
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lectronic Transactions Act (UETA) and tell your client
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UETA gives electronic signatures the same legal weight as "wet" signatures
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What title guarantees will Jody have when she buys a property at a foreclosure auction? - CORRECT
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ANSWER -The covenant of seisin
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True or False? Foreclosed property may be conveyed with a referee's deed, which offers only t he
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covenant of seisin - CORRECT ANSWER -True
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The economic principle of
b says that when there are two houses in the same neighborh
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ood with the same size, appeal, and utility, the lower-priced one will tend to sell first. -
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CORRECT ANSWER -Substitution b b




True or False? The economic principle of substitution, which states that the lower-
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priced option of two properties of equal quality will likely sell first. - CORRECT ANSWER -True
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The b can offer direct loans to farmers and ranchers. The loans are funded by congressio nal
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appropriation. - CORRECT ANSWER -USDA Farm Service Agency
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Because Shelby has a high prepayment penalty on her high-interest loan, she is
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CORRECT ANSWER -Unable to refinance her high-
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interest subprime loan without paying a stiff penalty
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True or False? A prepayment penalty fee also may be applied before borrowers can refinance -
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CORRECT ANSWER -True
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, What type of value is of interest to taxing authorities? - CORRECT ANSWER -Assessed value
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True or False ? Local taxing authorities are interested in assessed values, which are used to det
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ermine property taxes. - CORRECT ANSWER -True
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Title VIII of which law prohibits discrimination in the sale, rental, and financing of housing? -
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CORRECT ANSWER -Civil Rights Act of 1968
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Sue and Jim are hoping to expand their family, which means moving to a larger home. They're
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closing on their new home soon, but haven't yet sold their current one. Which type of loan wil l
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help them afford both homes for a short period of time? - CORRECT ANSWER -Bridge
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True or False? A wrap- b b b b




around loan is best used when the buyer's current home is already under contract. - CORRECT
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ANSWER -False; Bridge Loan
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What does a balloon payment represent at the end of a loan term? - CORRECT ANSWER - It
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means that some principal remains at the end of the loan term.
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True or False? The grantor is the seller; the grantee is the buyer. The grantor must sign the dee d, be
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of legal capacity, and be positively identified. The deed must include an act of conveyanc
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e. - CORRECT ANSWER -True
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Kenneth entered into a contract to sell his home to Valerie, who put down a $5,000 earnest m oney
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deposit. At the last minute, Valerie backed out of the deal and Kenneth kept the earnest deposit.
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This is an example of
b b b . - CORRECT ANSWER -Accepting liquidated damages
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True or False? If you kept the earnest money, you are accepting liquidated damages. - CORRECT
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ANSWER -True
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