45 POST LICENSING COURSE ACTUAL EXAM WITH 100% RATED
CORRECT 400 REAL EXAM QUESTIONS AND CORRECT ANSWERS|
GRADED A+ |2025 LATEST VERSION | 100% VERIFIED
Under the Americans with Disabilities Act, there must be at least one accessible parking space
for every - (ANSWER)25 spaces
The accessible parking space should be eight feet wide for a car, with a five-foot access aisle. At
least one space must be van accessible (eight feet wide with an eight-foot access aisle and at least
98 inches of vertical clearance). The accessible spaces should be the closest available to the
accessible entrance.
When at least 80% of units in a complex have at least one occupant who is at least 55 years of
age, - (ANSWER)the owners can advertise it as "adults only."
" While such communities can legally ban children, they still may not discriminate on the basis
of race, color, national origin, religion, sex, or disability.
The Civil Rights Act of 1866 prohibits discrimination based on - (ANSWER)race
For many years, the law was not widely enforced, but in 1968, the U.S. Supreme Court upheld
the law in the case of Jones v. Mayer. Subsequent court actions requiring compliance with the
law have been numerous and successful.
What usually happens when a listed property is overpriced? - (ANSWER)The listing expires.
The listing prices of properties that do not sell demonstrate the resistance level of buyers to
overpriced listings. In almost every case, the expired listing has been priced too high for the
amenities offered.
,A woman had a fourth bedroom built onto her house last year that cost $75,000. A recent
appraisal valued the bedroom at $52,000. This demonstrates the principle of -
(ANSWER)contribution.
Any improvement to a property, whether to vacant land or a building, is worth only what it adds
to the property's market value. An improvement's contribution to the value of the entire property
may be greater or smaller than its cost.
Which is NOT a requirement for a successful listing presentation? - (ANSWER)Must be younger
than 60 years old
The presentation will be successful only if you:
- know that all the parties who need to sign your listing are available;
-are fully prepared to list the property, meaning you must have all the forms ready for signature
when the parties agree to list;
-know this presentation thoroughly;
-know about the house you are trying to list by using the information you gathered from the tax
appraiser's office, the plat books, or from your own personal inspection;
-have prepared a CMA to help you show the sellers a fair value for their house and protect you
from the overpriced listing—a nemesis that will cost you time and aggravation and make for
unhappy customers;
-have your information organized in a businesslike fashion and your mind organized, as well;
-are properly dressed and professional in appearance and manner; and
-are on time for the appointment.
The sphere of influence is NOT - (ANSWER)a farm area.
For a new sales associate, the sphere of influence is the best source of new listings and sales.
Your sphere of influence will include family, friends, and past customers.
,A sales associate wants to earn at least $45,000 next year. If the average commission from
listings sold is $3,000, how many listings must she sell in order to achieve that portion of her
goals? - (ANSWER)15
$45,000 ÷ $3,000 = 15 listings that must be sold.
The components of a full title report are - (ANSWER)a survey, a physical inspection of the
collateral, and a search of the records.
The components of a full title report are a survey, a physical inspection of the collateral, and a
search of the records to determine all the interests in a property.
A sales associate, to test his understanding of what the customer has said, uses words that are
similar, but not exactly the same as the customer's. This is called - (ANSWER)paraphrasing
If you repeat the words exactly, it's called parroting. Rephrasing in your own words is called
paraphrasing.
A single agent broker must give a brokerage relationship disclosure when a transaction is -
(ANSWER)the sale of a duplex.
A single agent in a residential sales transaction must give a brokerage relationship notice to
potential buyers or sellers before or at the time of entering into a listing agreement or before the
showing of property, whichever occurs first. A residential sale is defined as:
-property with four units or fewer,
-unimproved residential property intended for use of four units or fewer, or
-agricultural property of 10 acres or less.
, Aside from a property's location, what is the most important factor that influences market value?
- (ANSWER)Highest and best use
A property's highest and best use is its most profitable legally and physically permitted use
Social media is defined as - (ANSWER)technology for people who want to create and share
information in the virtual communities they join.
Users of social media like Facebook and Twitter are spending more and more time on the sites.
Open listings - (ANSWER)may be oral, written, or implied
Any listing contract normally creates an open listing unless the contract is worded in a manner
that specifically provides for a different type of listing. While open listings may be either written,
oral, or implied, a contract does not exist until terms are negotiated.
Which is an operating expense of an income property? - (ANSWER)Management fee
Operating expenses are divided into three categories: fixed expenses, variable expenses, and
reserves for replacement. Mortgage payment, income taxes, and depreciation are not operating
expenses.
A sales associate who asks a prospective buyer, "How many bedrooms do you need in the
house?" is - (ANSWER)qualifying the buyer's housing objectives.
Other information the sales associate should get from the buyers includes the features they want
in the home, how quickly they need to move, and if they must sell their current home.
Which is NOT a requirement for a listing? - (ANSWER)Having a self-renewing clause
CORRECT 400 REAL EXAM QUESTIONS AND CORRECT ANSWERS|
GRADED A+ |2025 LATEST VERSION | 100% VERIFIED
Under the Americans with Disabilities Act, there must be at least one accessible parking space
for every - (ANSWER)25 spaces
The accessible parking space should be eight feet wide for a car, with a five-foot access aisle. At
least one space must be van accessible (eight feet wide with an eight-foot access aisle and at least
98 inches of vertical clearance). The accessible spaces should be the closest available to the
accessible entrance.
When at least 80% of units in a complex have at least one occupant who is at least 55 years of
age, - (ANSWER)the owners can advertise it as "adults only."
" While such communities can legally ban children, they still may not discriminate on the basis
of race, color, national origin, religion, sex, or disability.
The Civil Rights Act of 1866 prohibits discrimination based on - (ANSWER)race
For many years, the law was not widely enforced, but in 1968, the U.S. Supreme Court upheld
the law in the case of Jones v. Mayer. Subsequent court actions requiring compliance with the
law have been numerous and successful.
What usually happens when a listed property is overpriced? - (ANSWER)The listing expires.
The listing prices of properties that do not sell demonstrate the resistance level of buyers to
overpriced listings. In almost every case, the expired listing has been priced too high for the
amenities offered.
,A woman had a fourth bedroom built onto her house last year that cost $75,000. A recent
appraisal valued the bedroom at $52,000. This demonstrates the principle of -
(ANSWER)contribution.
Any improvement to a property, whether to vacant land or a building, is worth only what it adds
to the property's market value. An improvement's contribution to the value of the entire property
may be greater or smaller than its cost.
Which is NOT a requirement for a successful listing presentation? - (ANSWER)Must be younger
than 60 years old
The presentation will be successful only if you:
- know that all the parties who need to sign your listing are available;
-are fully prepared to list the property, meaning you must have all the forms ready for signature
when the parties agree to list;
-know this presentation thoroughly;
-know about the house you are trying to list by using the information you gathered from the tax
appraiser's office, the plat books, or from your own personal inspection;
-have prepared a CMA to help you show the sellers a fair value for their house and protect you
from the overpriced listing—a nemesis that will cost you time and aggravation and make for
unhappy customers;
-have your information organized in a businesslike fashion and your mind organized, as well;
-are properly dressed and professional in appearance and manner; and
-are on time for the appointment.
The sphere of influence is NOT - (ANSWER)a farm area.
For a new sales associate, the sphere of influence is the best source of new listings and sales.
Your sphere of influence will include family, friends, and past customers.
,A sales associate wants to earn at least $45,000 next year. If the average commission from
listings sold is $3,000, how many listings must she sell in order to achieve that portion of her
goals? - (ANSWER)15
$45,000 ÷ $3,000 = 15 listings that must be sold.
The components of a full title report are - (ANSWER)a survey, a physical inspection of the
collateral, and a search of the records.
The components of a full title report are a survey, a physical inspection of the collateral, and a
search of the records to determine all the interests in a property.
A sales associate, to test his understanding of what the customer has said, uses words that are
similar, but not exactly the same as the customer's. This is called - (ANSWER)paraphrasing
If you repeat the words exactly, it's called parroting. Rephrasing in your own words is called
paraphrasing.
A single agent broker must give a brokerage relationship disclosure when a transaction is -
(ANSWER)the sale of a duplex.
A single agent in a residential sales transaction must give a brokerage relationship notice to
potential buyers or sellers before or at the time of entering into a listing agreement or before the
showing of property, whichever occurs first. A residential sale is defined as:
-property with four units or fewer,
-unimproved residential property intended for use of four units or fewer, or
-agricultural property of 10 acres or less.
, Aside from a property's location, what is the most important factor that influences market value?
- (ANSWER)Highest and best use
A property's highest and best use is its most profitable legally and physically permitted use
Social media is defined as - (ANSWER)technology for people who want to create and share
information in the virtual communities they join.
Users of social media like Facebook and Twitter are spending more and more time on the sites.
Open listings - (ANSWER)may be oral, written, or implied
Any listing contract normally creates an open listing unless the contract is worded in a manner
that specifically provides for a different type of listing. While open listings may be either written,
oral, or implied, a contract does not exist until terms are negotiated.
Which is an operating expense of an income property? - (ANSWER)Management fee
Operating expenses are divided into three categories: fixed expenses, variable expenses, and
reserves for replacement. Mortgage payment, income taxes, and depreciation are not operating
expenses.
A sales associate who asks a prospective buyer, "How many bedrooms do you need in the
house?" is - (ANSWER)qualifying the buyer's housing objectives.
Other information the sales associate should get from the buyers includes the features they want
in the home, how quickly they need to move, and if they must sell their current home.
Which is NOT a requirement for a listing? - (ANSWER)Having a self-renewing clause
