Real Estate U Principles
Chapter 1 Exam
Questions and Complete
Solutions Graded A+
Denning [Date] [Course title]
, A licensed real estate broker who shall by choice elect to work under the name and supervision of
another individual broker or another broker who is licensed under a partnership, trade name, LLC or
corporation is known as a___ - Answer: Associate Real Estate Broker
A practitioner who has the knowledge and expertise necessary to estimate the value of an asset, or the
likelihood of an event occurring, and the cost of such an occurrence is known as a___ - Answer: Real
Estate Appraiser
A licensed real estate broker that holds the license of a salesperson is known as a___ - Answer:
Any person who engages in the business of claiming, demanding, charging, receiving, collecting, or
contracting for the collection of, a fee from a customer for furnishing information concerning the
location and availability of real property, including apartment housing, which may be leased, rented,
shared or sublet as a private dwelling, abode, or place of residence is known as a___ - Answer:
Apartment Information Vendor
A person associated with a licensed real estate broker to list for sale, sell or offer for sale, to buy or offer
to buy or to negotiate the purchase or sale or exchange of real estate, or to lease or rent or offer to
lease, rent or place for rent any real estate of such real estate broker is known as a___ - Answer: Real
Estate Salesperson
A crime punishable by up to a year in prison and/or a $1,000 fine is known as - Answer: Misdemeanor
To mingle or mix, for example, a client's funds in the broker's personal or general account is known -
Answer: Commingling
An ad that remains anonymous as to who is advertising is known as - Answer: Blind Ad
Payment by a broker of any part of compensation to a real estate transaction to anyone who is not
licensed or who is not exempt from the license law is known as a___ - Answer: Kickback
An act, deed or conditions contrary to law or permissible use of real property is known as a___ -
Answer: Violation
The minimum standards of human behavior are known as - Answer: law
Chapter 1 Exam
Questions and Complete
Solutions Graded A+
Denning [Date] [Course title]
, A licensed real estate broker who shall by choice elect to work under the name and supervision of
another individual broker or another broker who is licensed under a partnership, trade name, LLC or
corporation is known as a___ - Answer: Associate Real Estate Broker
A practitioner who has the knowledge and expertise necessary to estimate the value of an asset, or the
likelihood of an event occurring, and the cost of such an occurrence is known as a___ - Answer: Real
Estate Appraiser
A licensed real estate broker that holds the license of a salesperson is known as a___ - Answer:
Any person who engages in the business of claiming, demanding, charging, receiving, collecting, or
contracting for the collection of, a fee from a customer for furnishing information concerning the
location and availability of real property, including apartment housing, which may be leased, rented,
shared or sublet as a private dwelling, abode, or place of residence is known as a___ - Answer:
Apartment Information Vendor
A person associated with a licensed real estate broker to list for sale, sell or offer for sale, to buy or offer
to buy or to negotiate the purchase or sale or exchange of real estate, or to lease or rent or offer to
lease, rent or place for rent any real estate of such real estate broker is known as a___ - Answer: Real
Estate Salesperson
A crime punishable by up to a year in prison and/or a $1,000 fine is known as - Answer: Misdemeanor
To mingle or mix, for example, a client's funds in the broker's personal or general account is known -
Answer: Commingling
An ad that remains anonymous as to who is advertising is known as - Answer: Blind Ad
Payment by a broker of any part of compensation to a real estate transaction to anyone who is not
licensed or who is not exempt from the license law is known as a___ - Answer: Kickback
An act, deed or conditions contrary to law or permissible use of real property is known as a___ -
Answer: Violation
The minimum standards of human behavior are known as - Answer: law
