Principles of Real Estate 1 Final Exam
2025/2026 Exam Questions and Answers
100% Guaranteed Success | Already
Rated A+
If a real estate salesperson closes on a transaction, who pays the
salesperson their commission? - 🧠 ANSWER ✔✔The salesperson's
sponsoring broker
A means of comparing similar type properties, which have recently sold, to
the subject property is known as the? - 🧠 ANSWER ✔✔Market Comparison
Approach
The market comparison approach is commonly used for this property type?
- 🧠 ANSWER ✔✔Residential
The amount of goods offered for sale within a given market at a given price
during a given time period is known as? - 🧠 ANSWER ✔✔Supply
A real estate agent is an example of what type of agent? - 🧠 ANSWER
✔✔Special agent
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
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PRIVACY STATEMENT. ALL RIGHTS RESERVED
, A refrigerator is typically considered? - 🧠 ANSWER ✔✔Personal Property
Mobile homes not permanently attached to the land are generally
considered? - 🧠 ANSWER ✔✔Personal Property
Which of the following is considered a legal test for determining if an item is
a fixture or not? - 🧠 ANSWER ✔✔Mode and permanence of how the item
was attached
Adaptation of the item
Intention of the parties
All of the above
The right of exclusion, which allows a landowner to prevent others from
entering or occupying their property, is included in the? - 🧠 ANSWER
✔✔Bundle of rights
Which of the following is an example of a fixture? - 🧠 ANSWER ✔✔Kitchen
cabinets
Which of the following is an advantage to owning a home? - 🧠 ANSWER
✔✔Potential for asset appreciation
Tax benefits
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
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PRIVACY STATEMENT. ALL RIGHTS RESERVED
2025/2026 Exam Questions and Answers
100% Guaranteed Success | Already
Rated A+
If a real estate salesperson closes on a transaction, who pays the
salesperson their commission? - 🧠 ANSWER ✔✔The salesperson's
sponsoring broker
A means of comparing similar type properties, which have recently sold, to
the subject property is known as the? - 🧠 ANSWER ✔✔Market Comparison
Approach
The market comparison approach is commonly used for this property type?
- 🧠 ANSWER ✔✔Residential
The amount of goods offered for sale within a given market at a given price
during a given time period is known as? - 🧠 ANSWER ✔✔Supply
A real estate agent is an example of what type of agent? - 🧠 ANSWER
✔✔Special agent
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
1
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, A refrigerator is typically considered? - 🧠 ANSWER ✔✔Personal Property
Mobile homes not permanently attached to the land are generally
considered? - 🧠 ANSWER ✔✔Personal Property
Which of the following is considered a legal test for determining if an item is
a fixture or not? - 🧠 ANSWER ✔✔Mode and permanence of how the item
was attached
Adaptation of the item
Intention of the parties
All of the above
The right of exclusion, which allows a landowner to prevent others from
entering or occupying their property, is included in the? - 🧠 ANSWER
✔✔Bundle of rights
Which of the following is an example of a fixture? - 🧠 ANSWER ✔✔Kitchen
cabinets
Which of the following is an advantage to owning a home? - 🧠 ANSWER
✔✔Potential for asset appreciation
Tax benefits
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
2
PRIVACY STATEMENT. ALL RIGHTS RESERVED
