Test Prep Multiple Choice well
solved.
Qs
What principle of value defines the most important factor for appraisal?
a. Conformity
b. Competition
c. Highest and Best Use
d. Substitution - n
Ans✔
C
Qs
Accurate record keeping is the responsibility of all brokers. If a broker's computers are stolen, what
steps could have been taken to protect records?
a. Offsite or cloud storage
b. data encryption
c. an alarm system
d. an armed security guard - n
Ans✔
A
Qs
A license holder has just attended a training seminar about technology in real estate and is excited
about using social media with her clients. Which of the following statements about social media in real
estate is NOT true?
a. an agent advertising client property on social media
,needs written permission from the client
b. an agent advertising on social media must comply with all
the same laws and rules as print and broadcast
advertising
c. an agent with permission to advertise a property on
social media does not have to worry about protecting
confidential information about the client
d. the use of social media in real estate advertising is
growing - n
Ans✔
C
Qs
A sales agent is showing a property. He trips in the house causes major damage to property of the
owner. What type of insurance will cover this accident?
a. broker E&O insurance
b. liability insurance
c. title insurance
d. a FEMA policy - n
Ans✔
B
Qs
Prior to its amendments, the Civil Rights Act of 1968 prohibited discrimination based on:
a. AIDS
b. national origin
c. sexual preference
,d. age - n
Ans✔
B
Qs
An agent working with immigrant buyers must be careful:
a. because the buyers might not speak English well
b. because the agent may not speak the buyer's language
c. not to steer the buyers to a neighborhood based on the
language they speak
d. because the buyers might want to use contracts in their
own language - n
Ans✔
C
Qs
An agent is accused of discrimination. What will HUD do?
a. fine the agent $50,000
b. try mediation followed by a lawsuit if mediation fails
c. revoke the agent's license
d. send the agent to jail for one year - n
Ans✔
B
Qs
A mobility impaired tenant has leased an apartment in a complex with unassigned parking. He has
requested an assigned reserved space near to his unit. What is true?
, a. the landlord does not have to provide a special space for
this tenant
b. the landlord only has to provide an assigned space if the
tenant requests it before leasing the apartment
c. the landlord must provide an assigned reserved space
for the tenant
d. the landlord must provide an assigned reserved space
for the tenant near to the tenant's unit. - n
Ans✔
D
Qs
An investor has 15 rent houses. He has hired an agent to lease the houses. Which of the following
actions by the agent would NOT be in violation of fair housing laws?
a. refusing to show the houses to anyone over 75 years old
b. refusing to show the houses to any unmarried pregnant
women
c. refusing to show the houses to any single parents with
children
d. refusing to show the houses to any Hispanic couples - n
Ans✔
A
Qs
Which of the following would NOT be an operating expense included in the property manager's
operating budget?