ACLS PRE COURSE TEST FINAL EXAM 2025 ACTUAL EXAM COMPLETE QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
Which statement is false regarding a title theory state?
1) The lender holds the title to the property until the mortgage is paid
2) At Closing title conveyed to the lender
3) Florida is a title theory state
4) Once the debt is paid in full, the lender conveys the title to the borrower - (ANSWER)Florida is a title
theory state
Which statement is FALSE regarding an open listing?
1) An owner can sell a property himself or list with as many brokers as he wishes
2) The first broker to bring an acceptable contract will earn the sale and commission
3) If the owner sells the property him/herself, then no brokerage receives a commission
4) A net listing is a bilateral contract - (ANSWER)A net listing is a bilateral contract
When figuring operating expenses, you CANNOT include which of the following?
1) Cost of mortgage
2) Collection costs
3) Utility costs
4) Property taxes - (ANSWER)Cost of mortgage
,ACLS PRE COURSE TEST FINAL EXAM 2025 ACTUAL EXAM COMPLETE QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
In which situation must Broker Peter have his client sign an agency disclosure?
1) When Peter is working in a no brokerage capacity with a buyer
2) When Peter is working as a transaction brokerage with both a buyer and a seller
3) When Peter is working in a single agency capacity to help a buyer find a house
4) When Peter represented a seller as a single agent but wants to transition to a transaction agent so
that Peter can also work with the buyer as a limited agent - (ANSWER)When Peter represented a seller
as a single agent but wants to transition to a transaction agent so that Peter can also work with the
buyer as a limited agent
When the Clarion Development Group wanted to build a condominium, what type of right would be
transferred to the second and third level owners for the unit itself?
1) Limited
2) Air
3) Stacked
4) Land - (ANSWER)Air
In a metes-and-bounds description what is the opposite direction of South 70 degrees East?
1) South 35 degrees East
2) North 35 degrees West
3) South 70 degrees East
, ACLS PRE COURSE TEST FINAL EXAM 2025 ACTUAL EXAM COMPLETE QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
4) North 70 degrees West - (ANSWER)North 70 degrees West
Anytime an appraisal is conducted for a federally related transaction, it must be conducted by whom?
1) Licensed Real Estate Broker
2) Licensed Real Estate Sales Associate
3) Licensed Real Estate Appraiser
4) A or C - (ANSWER)Licensed Real Estate Appraiser
All of the following are correct regarding the Americans with Disabilities Act (ADA), EXCEPT?
1) ADA is intended to eliminate barriers that limit access to persons with disabilities.
2) Owners must make all accessibility modifications with no regard to the cost of improvement.
3) ADA mandates certain design specifications for accessibility for newly constructed covered housing.
4) Owners of property open to the public may be required to remove barriers to accessibility. -
(ANSWER)Owners must make all accessibility modifications with no regard to the cost of improvement.
Which of the following situations is an example of an illegal kickback?
1) A manager of an apartment complex paying a tenant a $50 referral fee
2) A broker paying another broker for a referral
3) A broker sharing part of the commission with the buyer
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
Which statement is false regarding a title theory state?
1) The lender holds the title to the property until the mortgage is paid
2) At Closing title conveyed to the lender
3) Florida is a title theory state
4) Once the debt is paid in full, the lender conveys the title to the borrower - (ANSWER)Florida is a title
theory state
Which statement is FALSE regarding an open listing?
1) An owner can sell a property himself or list with as many brokers as he wishes
2) The first broker to bring an acceptable contract will earn the sale and commission
3) If the owner sells the property him/herself, then no brokerage receives a commission
4) A net listing is a bilateral contract - (ANSWER)A net listing is a bilateral contract
When figuring operating expenses, you CANNOT include which of the following?
1) Cost of mortgage
2) Collection costs
3) Utility costs
4) Property taxes - (ANSWER)Cost of mortgage
,ACLS PRE COURSE TEST FINAL EXAM 2025 ACTUAL EXAM COMPLETE QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
In which situation must Broker Peter have his client sign an agency disclosure?
1) When Peter is working in a no brokerage capacity with a buyer
2) When Peter is working as a transaction brokerage with both a buyer and a seller
3) When Peter is working in a single agency capacity to help a buyer find a house
4) When Peter represented a seller as a single agent but wants to transition to a transaction agent so
that Peter can also work with the buyer as a limited agent - (ANSWER)When Peter represented a seller
as a single agent but wants to transition to a transaction agent so that Peter can also work with the
buyer as a limited agent
When the Clarion Development Group wanted to build a condominium, what type of right would be
transferred to the second and third level owners for the unit itself?
1) Limited
2) Air
3) Stacked
4) Land - (ANSWER)Air
In a metes-and-bounds description what is the opposite direction of South 70 degrees East?
1) South 35 degrees East
2) North 35 degrees West
3) South 70 degrees East
, ACLS PRE COURSE TEST FINAL EXAM 2025 ACTUAL EXAM COMPLETE QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
4) North 70 degrees West - (ANSWER)North 70 degrees West
Anytime an appraisal is conducted for a federally related transaction, it must be conducted by whom?
1) Licensed Real Estate Broker
2) Licensed Real Estate Sales Associate
3) Licensed Real Estate Appraiser
4) A or C - (ANSWER)Licensed Real Estate Appraiser
All of the following are correct regarding the Americans with Disabilities Act (ADA), EXCEPT?
1) ADA is intended to eliminate barriers that limit access to persons with disabilities.
2) Owners must make all accessibility modifications with no regard to the cost of improvement.
3) ADA mandates certain design specifications for accessibility for newly constructed covered housing.
4) Owners of property open to the public may be required to remove barriers to accessibility. -
(ANSWER)Owners must make all accessibility modifications with no regard to the cost of improvement.
Which of the following situations is an example of an illegal kickback?
1) A manager of an apartment complex paying a tenant a $50 referral fee
2) A broker paying another broker for a referral
3) A broker sharing part of the commission with the buyer
