Post License Final Exam 2025 With 100%
Correct Answers
What term describes the interest rates for a whole year? - correct answers ✔✔annual
percentage rate (APR)
If a grantee takes title to a property "subject to" a mortgage, who is responsible for making the
mortgage payments? - correct answers ✔✔the seller
In relation to fair housing laws, reasonable accommodations are - correct answers
✔✔exceptions, changes, or adjustments to the rules for a person with a disability
directing home buyers toward or away from houses in a certain neighborhood to preserve or
alter the makeup of the neighborhood is discriminatory called - correct answers ✔✔steering
When working with buyers, if an agent gets a positive response when asking if the buyers are
serious about buying a home, its a good time to have them - correct answers ✔✔sign a buyer
agency agreement
Matt Bower is a developer. Will Jones is a builder. Matt agrees to sell Will a lot, but he
conditions the sale by insisting that Will agree to list the property with him after the home is
built. Matt is in violation of - correct answers ✔✔the sherman act
too many credit bureau inquires could - correct answers ✔✔negatively impact a credit score
real estate is non-homogeneity meaning that - correct answers ✔✔no two tracts of real estate
are the same
,the survey provision of a purchase agreement recommends that the buyers choose a registered
Alabama land surveyor and have - correct answers ✔✔a new survey done
an example of a standard clause in a purchase agreement where it states the offer or counter-
offer shall expire unless the seller/buyer's written acceptance of the offer is delivered to the
buyer/seller or his or her agent by a certain time is known as the - correct answers
✔✔expiration of offer/counter-offer
a penalty imposed when a loan is paid before it is due is called a - correct answers
✔✔prepayment penalty
when buying a foreclose property, ownership cannot change hands until - correct answers
✔✔there is a foreclosure deed
when negotiation strategy uses a set of techniques that attempts to improve the quality of a
negotiated agreement by taking advantage of the fact that different parties often value various
outcomes differently - correct answers ✔✔integrative negotiation
"walk in their shoes" is a negotiation strategy that means one should be - correct answers
✔✔open to other's views and attempt to approach an issue from the perspective of others
a face-to-face meeting with your clients to discuss an offer - correct answers ✔✔avoids agent
abandonment issues
what type of technology allows any two individuals in the world who have computers to access
to place a "face to face" meeting with each other? - correct answers ✔✔video calling
what type of survey gives the estimated location of a home and improvements on the lot with
the accuracy of the plus or minus one tenth of a foot? - correct answers ✔✔stake
, how can a seller determine that a mortgage payoff amount listed on the settlement statement is
accurate? - correct answers ✔✔the amount should match the amount quoted by the seller's
lender
money that the buyer or seller receives at closing is known as - correct answers ✔✔a credit
who is generally responsible for insuring that the closing disclosure is delivered to that buyer no
later than three business days before consummation? - correct answers ✔✔the creditor
all exclusive listing contracts must contain a - correct answers ✔✔definite termination date
in an exclusive right to sell property listing agreement, if a deposit is forfeited by a prospective
buyer, the buyer and seller must - correct answers ✔✔sign a written agreement
what is the most probable price a property would bring in an arm's length sale under normal
conditions in an open and competitive market? - correct answers ✔✔fair market value
when pricing a home to sell, what should be considered a seller's credit? - correct answers
✔✔items paid for in advance
the cap amount for penalties violating the fair and accurate credit transactions act is - correct
answers ✔✔no cap
blockbusting is defined as - correct answers ✔✔making a profit by inducing owners to sell by
telling them that persons of a protected class are moving into the neighborhood
lead can get into the body through breathing lead dust, swallowing lead dust, eating paint chips
or - correct answers ✔✔eating soil
Correct Answers
What term describes the interest rates for a whole year? - correct answers ✔✔annual
percentage rate (APR)
If a grantee takes title to a property "subject to" a mortgage, who is responsible for making the
mortgage payments? - correct answers ✔✔the seller
In relation to fair housing laws, reasonable accommodations are - correct answers
✔✔exceptions, changes, or adjustments to the rules for a person with a disability
directing home buyers toward or away from houses in a certain neighborhood to preserve or
alter the makeup of the neighborhood is discriminatory called - correct answers ✔✔steering
When working with buyers, if an agent gets a positive response when asking if the buyers are
serious about buying a home, its a good time to have them - correct answers ✔✔sign a buyer
agency agreement
Matt Bower is a developer. Will Jones is a builder. Matt agrees to sell Will a lot, but he
conditions the sale by insisting that Will agree to list the property with him after the home is
built. Matt is in violation of - correct answers ✔✔the sherman act
too many credit bureau inquires could - correct answers ✔✔negatively impact a credit score
real estate is non-homogeneity meaning that - correct answers ✔✔no two tracts of real estate
are the same
,the survey provision of a purchase agreement recommends that the buyers choose a registered
Alabama land surveyor and have - correct answers ✔✔a new survey done
an example of a standard clause in a purchase agreement where it states the offer or counter-
offer shall expire unless the seller/buyer's written acceptance of the offer is delivered to the
buyer/seller or his or her agent by a certain time is known as the - correct answers
✔✔expiration of offer/counter-offer
a penalty imposed when a loan is paid before it is due is called a - correct answers
✔✔prepayment penalty
when buying a foreclose property, ownership cannot change hands until - correct answers
✔✔there is a foreclosure deed
when negotiation strategy uses a set of techniques that attempts to improve the quality of a
negotiated agreement by taking advantage of the fact that different parties often value various
outcomes differently - correct answers ✔✔integrative negotiation
"walk in their shoes" is a negotiation strategy that means one should be - correct answers
✔✔open to other's views and attempt to approach an issue from the perspective of others
a face-to-face meeting with your clients to discuss an offer - correct answers ✔✔avoids agent
abandonment issues
what type of technology allows any two individuals in the world who have computers to access
to place a "face to face" meeting with each other? - correct answers ✔✔video calling
what type of survey gives the estimated location of a home and improvements on the lot with
the accuracy of the plus or minus one tenth of a foot? - correct answers ✔✔stake
, how can a seller determine that a mortgage payoff amount listed on the settlement statement is
accurate? - correct answers ✔✔the amount should match the amount quoted by the seller's
lender
money that the buyer or seller receives at closing is known as - correct answers ✔✔a credit
who is generally responsible for insuring that the closing disclosure is delivered to that buyer no
later than three business days before consummation? - correct answers ✔✔the creditor
all exclusive listing contracts must contain a - correct answers ✔✔definite termination date
in an exclusive right to sell property listing agreement, if a deposit is forfeited by a prospective
buyer, the buyer and seller must - correct answers ✔✔sign a written agreement
what is the most probable price a property would bring in an arm's length sale under normal
conditions in an open and competitive market? - correct answers ✔✔fair market value
when pricing a home to sell, what should be considered a seller's credit? - correct answers
✔✔items paid for in advance
the cap amount for penalties violating the fair and accurate credit transactions act is - correct
answers ✔✔no cap
blockbusting is defined as - correct answers ✔✔making a profit by inducing owners to sell by
telling them that persons of a protected class are moving into the neighborhood
lead can get into the body through breathing lead dust, swallowing lead dust, eating paint chips
or - correct answers ✔✔eating soil
