REAL ESTATE CE 45 HOUR POST
LICENSING EXAM 100+
QUESTIONS AND CORRECT
ANSWERS LATEST STUDY
GUIDE 2025/2026 GRADED A+ .
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11
, 1. A contract that violates a rule intended for the protection of private parties, as when a party lacked capacity or
did not give free consent at the time the contract was made is said to be ✓✓ Correct answer ✓✓ Correct answer
relatively null
2. If a court is called upon to determine the intent of the parties to a contract based upon the language in the
contract, the court will interpret the contract
the party that did not draft it. ✓✓ Correct answer in favor of
3. Another, more common, name for a mandate or procuration is ✓✓ Correct answer ✓✓ Correct answer Power of
attorney
4. Regarding damages as specified in a contract, the right to specific perfor- mance and other remedies may be
controlled by the ✓✓ Correct answer ✓✓ Correct answer contract
5. Is it permissible for a Trustee to buy, sell, or mortgage immovable property for the trust? ✓✓ Correct answer YES, as
long as the trust document does not prohibit such an act
6. Fill in the blank with the correct answer to this statement ✓✓ Correct answer In a contract where one party
obligates himself to another without obtaining any advantage in return, the contract is referred to as ✓✓ Correct
answer ✓✓ Correct answer gratuitous
7. Redhibition concerns ✓✓ Correct answer ✓✓ Correct answer the condition of the property
8. A(n) is an agreement in which a party promises not to sell a thing without first offering it to a
certain person. ✓✓ Correct answer Right of first refusal
9. Unless otherwise stipulated, the time for acceptance of a right of first refusal is ✓✓ Correct answer ✓✓ Correct
answer 30 days
10. Parties may stipulate the damages to be recovered in case of nonperfor- mance, defective performance, or delay
in performance of an obligation. These are called ✓✓ Correct answer ✓✓ Correct answer Liquidated damages
11. Under the concept of "Fitness for Use," anything sold must be fit for its ✓✓ Correct answer ✓✓ Correct
answer Or- dinary use
12. A buyer agency agreement is an agreement between ✓✓ Correct answer ✓✓ Correct answer a broker and a buyer
13. What eventually happens to the deposit given when a purchase agreement is executed? ✓✓ Correct answer When the sale
closes it is given to the seller as a portion of the purchase price.
14. Fill in the blank ✓✓ Correct answer Regarding a contract where both parties are in error ("mutu- al error" by
both Buyer and Seller) then courts are more likely to grant of
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11
LICENSING EXAM 100+
QUESTIONS AND CORRECT
ANSWERS LATEST STUDY
GUIDE 2025/2026 GRADED A+ .
1/
11
, 1. A contract that violates a rule intended for the protection of private parties, as when a party lacked capacity or
did not give free consent at the time the contract was made is said to be ✓✓ Correct answer ✓✓ Correct answer
relatively null
2. If a court is called upon to determine the intent of the parties to a contract based upon the language in the
contract, the court will interpret the contract
the party that did not draft it. ✓✓ Correct answer in favor of
3. Another, more common, name for a mandate or procuration is ✓✓ Correct answer ✓✓ Correct answer Power of
attorney
4. Regarding damages as specified in a contract, the right to specific perfor- mance and other remedies may be
controlled by the ✓✓ Correct answer ✓✓ Correct answer contract
5. Is it permissible for a Trustee to buy, sell, or mortgage immovable property for the trust? ✓✓ Correct answer YES, as
long as the trust document does not prohibit such an act
6. Fill in the blank with the correct answer to this statement ✓✓ Correct answer In a contract where one party
obligates himself to another without obtaining any advantage in return, the contract is referred to as ✓✓ Correct
answer ✓✓ Correct answer gratuitous
7. Redhibition concerns ✓✓ Correct answer ✓✓ Correct answer the condition of the property
8. A(n) is an agreement in which a party promises not to sell a thing without first offering it to a
certain person. ✓✓ Correct answer Right of first refusal
9. Unless otherwise stipulated, the time for acceptance of a right of first refusal is ✓✓ Correct answer ✓✓ Correct
answer 30 days
10. Parties may stipulate the damages to be recovered in case of nonperfor- mance, defective performance, or delay
in performance of an obligation. These are called ✓✓ Correct answer ✓✓ Correct answer Liquidated damages
11. Under the concept of "Fitness for Use," anything sold must be fit for its ✓✓ Correct answer ✓✓ Correct
answer Or- dinary use
12. A buyer agency agreement is an agreement between ✓✓ Correct answer ✓✓ Correct answer a broker and a buyer
13. What eventually happens to the deposit given when a purchase agreement is executed? ✓✓ Correct answer When the sale
closes it is given to the seller as a portion of the purchase price.
14. Fill in the blank ✓✓ Correct answer Regarding a contract where both parties are in error ("mutu- al error" by
both Buyer and Seller) then courts are more likely to grant of
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11
