REAL ESTATE COURSE QUIZ QUESTIONS
A real estate agent is: - Answers-A licensed individual employed by or associated with
the broker to perform real estate-related services which include but not limited to
buying, listing, leasing, and/or renting real property.
Who does a broker employ in order to perform real estate-related services? - Answers-
Salesperson
Which profession is responsible for determining a property's market value based on
established guidelines? - Answers-Appraiser
Which of the following is a business entity, including, but not limited to, a corporation,
partnership, limited liability company, or a sole proprietorship? - Answers-A Firm
When someone needs money in order to buy a property, who would they call for the
finances regarding this? - Answers-A lender
If an appraiser is the one who values the property, who finances the property so that
realtors may buy the properties? - Answers-Lender
Define the term real property: - Answers-one or more defined interests, benefits, and
rights inherent in the ownership of real estate.
A developer: - Answers-Constructs improvements on the land and usually brings in
investors and lenders to fund the deal.
When a property is high in cost and a realtor lacks the necessary resources to buy the
property, who do they ask to finance them? - Answers-Lender
The broker employs a(n) _______ to perform real estate-related services. - Answers-
Agent
Property that falls into the categories of Commercial, Industrial, Agricultural,
Recreational, or Institutional is classified as: - Answers-Nonresidential Property
Who is an individual that acquires or attempts to acquire or succeed to an interest in
land? - Answers-A Purchaser
An individual who holds a law degree, specializes in real estate, and can legally broker
deals is called a: - Answers-Real estate attorney
To obtain your real estate license, you must be: - Answers-18 years of age
A real estate agent is: - Answers-A licensed individual employed by or associated with
the broker to perform real estate-related services which include but not limited to
buying, listing, leasing, and/or renting real property.
Who does a broker employ in order to perform real estate-related services? - Answers-
Salesperson
Which profession is responsible for determining a property's market value based on
established guidelines? - Answers-Appraiser
Which of the following is a business entity, including, but not limited to, a corporation,
partnership, limited liability company, or a sole proprietorship? - Answers-A Firm
When someone needs money in order to buy a property, who would they call for the
finances regarding this? - Answers-A lender
If an appraiser is the one who values the property, who finances the property so that
realtors may buy the properties? - Answers-Lender
Define the term real property: - Answers-one or more defined interests, benefits, and
rights inherent in the ownership of real estate.
A developer: - Answers-Constructs improvements on the land and usually brings in
investors and lenders to fund the deal.
When a property is high in cost and a realtor lacks the necessary resources to buy the
property, who do they ask to finance them? - Answers-Lender
The broker employs a(n) _______ to perform real estate-related services. - Answers-
Agent
Property that falls into the categories of Commercial, Industrial, Agricultural,
Recreational, or Institutional is classified as: - Answers-Nonresidential Property
Who is an individual that acquires or attempts to acquire or succeed to an interest in
land? - Answers-A Purchaser
An individual who holds a law degree, specializes in real estate, and can legally broker
deals is called a: - Answers-Real estate attorney
To obtain your real estate license, you must be: - Answers-18 years of age
