REAL ESTATE SALESPERSON PRACTICE
EXAM 2 QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS) PLUS
RATIONALES 2025
1. What is the main purpose of a deed?
A. To determine property taxes
B. To transfer ownership of real property
C. To lease a property to a tenant
D. To record a mortgage
A deed is a legal document used to convey title or ownership of real
property from one party to another.
2. Which of the following is considered real property?
A. A refrigerator
B. A built-in fireplace
,C. A garden hose
D. A portable shed
Real property includes land and anything permanently attached to it, such
as a built-in fireplace.
3. A fiduciary relationship in real estate is BEST described as:
A. A casual relationship
B. A relationship of trust and confidence
C. A partnership
D. A verbal agreement
A fiduciary relationship means the agent must act in the best interest of
the principal, with loyalty and trust.
4. Which of the following would terminate an agency relationship?
A. The listing expires
B. The principal revokes the agreement
C. The property is destroyed
D. All of the above
All listed events can terminate an agency relationship.
5. Which type of listing provides the most protection to the broker?
, A. Open listing
B. Net listing
C. One-time show listing
D. Exclusive right to sell listing
The exclusive right to sell listing gives the broker commission regardless of
who sells the property.
6. What is the term for the government’s power to take private property
for public use?
A. Police power
B. Taxation
C. Eminent domain
D. Escheat
Eminent domain allows the government to take private land for public use,
with just compensation.
7. An example of a freehold estate is:
A. Estate for years
B. Estate at will
C. Fee simple absolute
D. Estate at sufferance
EXAM 2 QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS) PLUS
RATIONALES 2025
1. What is the main purpose of a deed?
A. To determine property taxes
B. To transfer ownership of real property
C. To lease a property to a tenant
D. To record a mortgage
A deed is a legal document used to convey title or ownership of real
property from one party to another.
2. Which of the following is considered real property?
A. A refrigerator
B. A built-in fireplace
,C. A garden hose
D. A portable shed
Real property includes land and anything permanently attached to it, such
as a built-in fireplace.
3. A fiduciary relationship in real estate is BEST described as:
A. A casual relationship
B. A relationship of trust and confidence
C. A partnership
D. A verbal agreement
A fiduciary relationship means the agent must act in the best interest of
the principal, with loyalty and trust.
4. Which of the following would terminate an agency relationship?
A. The listing expires
B. The principal revokes the agreement
C. The property is destroyed
D. All of the above
All listed events can terminate an agency relationship.
5. Which type of listing provides the most protection to the broker?
, A. Open listing
B. Net listing
C. One-time show listing
D. Exclusive right to sell listing
The exclusive right to sell listing gives the broker commission regardless of
who sells the property.
6. What is the term for the government’s power to take private property
for public use?
A. Police power
B. Taxation
C. Eminent domain
D. Escheat
Eminent domain allows the government to take private land for public use,
with just compensation.
7. An example of a freehold estate is:
A. Estate for years
B. Estate at will
C. Fee simple absolute
D. Estate at sufferance
