Real Estate School Exam 2026 Questions
and Answers
The rights of ownership of real property include all of the following EXCEPT?
a. compatibility.
b. disposition.
c. exclusion.
d. control. - Correct answer-compatibility
Includes- disposition, exclusion, control
An important characteristic of land is that it may be modified or improved at some
point in time. Depending on its type, an improvement may increase the value of
real estate greatly. All of the following are considered to be improvements
EXCEPT:
a. sewers.
b. crops.
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,c. buildings.
d. roads. - Correct answer-crops
excluding- sewers, buildings & roads.
A man leases a store space to open a restaurant. He installs ovens, booths, counters,
and other equipment. When would these items become real property?
a. At lease expiration, if the man does not remove them
b. After they are installed
c. After the man defaults on his rental payments
d. After the lease takes effect - Correct answer-At lease expiration, if the man does
not remove them
A real estate professional sells property listed by another brokerage firm in the
multiple listing service. The real estate professional has been working with the
buyer for many months but does not have an agency contract with him. This real
estate professional has fiduciary obligations to?
a. no one.
b. the public.
c. the broker.
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,d. the buyer. - Correct answer-the buyer
A man's house has been listed for sale for more than one year and he is very
anxious to move into a retirement community. A real estate professional, who is an
agent of the seller, tells a prospective buyer to make a low offer because she is sure
that the seller will accept it. Regarding the real estate professional's conduct, which
of the following is FALSE?
a.She acted appropriately to sell the seller's property.
b.Her conduct implies she is representing the buyer.
c.She should not assume that an anxious seller will accept a lower offer.
d.She violated her fiduciary duty to the seller. - Correct answer-She acted
appropriately to sell the seller's property.
A real estate professional who represents the seller is showing a house to a
prospective buyer. The real estate professional knows that the house has water
problems in the basement. Which of the following is TRUE?
a.Withholding the information prevents the buyer from making an informed
decision.
Withholding the information properly protects the confidence of the seller.
c.Disclosing the information would stupid.
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, d.Disclosing the information violates the real estate professional's fiduciary duty to
the seller. - Correct answer-Withholding the information prevents the buyer from
making an informed decision.
What is the commission rate of 5% on a sale of $250,000? - Correct answer-
$12,500
A broker's newest sales associate lists a unit in a condominium building for sale. In
this transaction, the sales associate:
a.has a direct contractual relationship with the owners of the unit.
b.acts on behalf of the broker.
c.acts on behalf of the condominium association.
d.must personally find a buyer for the unit to obtain a share of the commission. -
Correct answer-acts on behalf of the broker
The commission on the sale of a house is $9,410, and 30% goes to the broker who
listed the property. Of the remainder, the broker whose sales associate completed
the transaction gets 45%, and the sales associate receives the balance. How much
does the sales associate who made the sale receive? - Correct answer-$3,622.85
The type of real estate ownership that is MOST all-inclusive is a?
life estate.
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and Answers
The rights of ownership of real property include all of the following EXCEPT?
a. compatibility.
b. disposition.
c. exclusion.
d. control. - Correct answer-compatibility
Includes- disposition, exclusion, control
An important characteristic of land is that it may be modified or improved at some
point in time. Depending on its type, an improvement may increase the value of
real estate greatly. All of the following are considered to be improvements
EXCEPT:
a. sewers.
b. crops.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,c. buildings.
d. roads. - Correct answer-crops
excluding- sewers, buildings & roads.
A man leases a store space to open a restaurant. He installs ovens, booths, counters,
and other equipment. When would these items become real property?
a. At lease expiration, if the man does not remove them
b. After they are installed
c. After the man defaults on his rental payments
d. After the lease takes effect - Correct answer-At lease expiration, if the man does
not remove them
A real estate professional sells property listed by another brokerage firm in the
multiple listing service. The real estate professional has been working with the
buyer for many months but does not have an agency contract with him. This real
estate professional has fiduciary obligations to?
a. no one.
b. the public.
c. the broker.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
,d. the buyer. - Correct answer-the buyer
A man's house has been listed for sale for more than one year and he is very
anxious to move into a retirement community. A real estate professional, who is an
agent of the seller, tells a prospective buyer to make a low offer because she is sure
that the seller will accept it. Regarding the real estate professional's conduct, which
of the following is FALSE?
a.She acted appropriately to sell the seller's property.
b.Her conduct implies she is representing the buyer.
c.She should not assume that an anxious seller will accept a lower offer.
d.She violated her fiduciary duty to the seller. - Correct answer-She acted
appropriately to sell the seller's property.
A real estate professional who represents the seller is showing a house to a
prospective buyer. The real estate professional knows that the house has water
problems in the basement. Which of the following is TRUE?
a.Withholding the information prevents the buyer from making an informed
decision.
Withholding the information properly protects the confidence of the seller.
c.Disclosing the information would stupid.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
, d.Disclosing the information violates the real estate professional's fiduciary duty to
the seller. - Correct answer-Withholding the information prevents the buyer from
making an informed decision.
What is the commission rate of 5% on a sale of $250,000? - Correct answer-
$12,500
A broker's newest sales associate lists a unit in a condominium building for sale. In
this transaction, the sales associate:
a.has a direct contractual relationship with the owners of the unit.
b.acts on behalf of the broker.
c.acts on behalf of the condominium association.
d.must personally find a buyer for the unit to obtain a share of the commission. -
Correct answer-acts on behalf of the broker
The commission on the sale of a house is $9,410, and 30% goes to the broker who
listed the property. Of the remainder, the broker whose sales associate completed
the transaction gets 45%, and the sales associate receives the balance. How much
does the sales associate who made the sale receive? - Correct answer-$3,622.85
The type of real estate ownership that is MOST all-inclusive is a?
life estate.
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