.Pearson Vue Test Revised 2025
/2026 ;GRADED A+
A broker lists a property. The broker advertises and shows the property several times, but after each showing, the
owners call the broker with a list of unreasonable restrictions they want placed on the showing of the property. The
broker decides not to continue the listing. In this situation, the broker:
A.must sue the owners to obtain a release from the listing contract
B.must give the owners thirty days advance written notice to cancel the listing contract
C.may not cancel the listing contract
D.may rescind the listing contract without obtaining permission from the owners
D-May rescind the listing contract without obtaining permission from the owners
In reviewing the deed to a listed property, a licensee noted a number of limitations regarding its use. These limitations
are commonly known as:
A.codicils
B.constraints
C.building codes
D.restrictive covenants
D-Restrictive covenants
According to the Federal Fair Housing Act, which of the following circumstances is protected under handicapped
status?
A.Being economically disadvantaged
B.Having a mental impairment that substantially limits a major life activity
C.Lacking the ability to qualify for a federally insured mortgage
D.Using a controlled substance illegally for a prolonged period of time
B-Having a mental impairment that substantially limits a major life activity
Which of the following documents is usually prepared when a real estate buyer also purchases a seller's riding lawn
mower?
A.An option
B.A wraparound loan
C.A conditional sales contract
D.A bill of sale
D-A bill of sale
A management agreement between an owner and an agent states that the management fee will be 7% of the first
$200,000 of the annual gross collected rent and 8% of the collected rent that exceeds that amount. If last year's gross
rent collection totaled $222,500, the management fee was:
A.$15,800
B.$16,688
C.$17,575
D.$17,800
A-$15,800
Which of following deeds should a grantor use to transfer an uncertain interest in real property?
A.Warranty
B.Special warranty
, C.Grant
D.Quitclaim
D-Quitclaim
A broker is typically considered to be which of the following types of agents?
A.A special agent
B.A general agent
C.A universal agent
D.An individual agent
A-A special agent
The potential gross monthly rent on an apartment building is $5,380. In July, operating expenses were $3,500. A
tenant whose monthly rent is $625 failed to pay rent in July. If the property manager's commission is 6% of the rental
income, the manager's fee for July was:
A.$113
B.$210
C.$285
D.$323
C-$285
A broker is employed by a seller to sell a house. An unrepresented buyer submits an offer to purchase the seller's
house and tells the broker that they will pay more than the offer price if the seller requests it. In this situation, the
broker is:
A.not obligated to convey the information to the seller because to do so would violate the broker's relationship with
the buyer
B.not obligated to convey the information to the seller because the buyer is not bound by this verbal representation
C.obligated to withdraw from the transaction because of conflicting obligations to both parties
D.obligated to convey the information to the seller
D-Obligated to convey the information to the seller
The brokerage fee charged by a listing broker is determined by the:
A.local ordinance
B.local real estate board
C.multiple listing service
D.broker and the principal
D-Broker and the principal
A lender is required under the Truth-in-Lending Act (Regulation Z) to furnish an applicant for a real estate loan with a
copy of a(n):
A.amortization schedule
B.disclosure statement
C.deed
D.financial statement
B-Disclosure statement
Which of the following terms BEST describes personal property that, by its attachment to real property, is regarded as
real estate?
A.Emblements
B.Personality
C.Fixtures
D.Appliances
/2026 ;GRADED A+
A broker lists a property. The broker advertises and shows the property several times, but after each showing, the
owners call the broker with a list of unreasonable restrictions they want placed on the showing of the property. The
broker decides not to continue the listing. In this situation, the broker:
A.must sue the owners to obtain a release from the listing contract
B.must give the owners thirty days advance written notice to cancel the listing contract
C.may not cancel the listing contract
D.may rescind the listing contract without obtaining permission from the owners
D-May rescind the listing contract without obtaining permission from the owners
In reviewing the deed to a listed property, a licensee noted a number of limitations regarding its use. These limitations
are commonly known as:
A.codicils
B.constraints
C.building codes
D.restrictive covenants
D-Restrictive covenants
According to the Federal Fair Housing Act, which of the following circumstances is protected under handicapped
status?
A.Being economically disadvantaged
B.Having a mental impairment that substantially limits a major life activity
C.Lacking the ability to qualify for a federally insured mortgage
D.Using a controlled substance illegally for a prolonged period of time
B-Having a mental impairment that substantially limits a major life activity
Which of the following documents is usually prepared when a real estate buyer also purchases a seller's riding lawn
mower?
A.An option
B.A wraparound loan
C.A conditional sales contract
D.A bill of sale
D-A bill of sale
A management agreement between an owner and an agent states that the management fee will be 7% of the first
$200,000 of the annual gross collected rent and 8% of the collected rent that exceeds that amount. If last year's gross
rent collection totaled $222,500, the management fee was:
A.$15,800
B.$16,688
C.$17,575
D.$17,800
A-$15,800
Which of following deeds should a grantor use to transfer an uncertain interest in real property?
A.Warranty
B.Special warranty
, C.Grant
D.Quitclaim
D-Quitclaim
A broker is typically considered to be which of the following types of agents?
A.A special agent
B.A general agent
C.A universal agent
D.An individual agent
A-A special agent
The potential gross monthly rent on an apartment building is $5,380. In July, operating expenses were $3,500. A
tenant whose monthly rent is $625 failed to pay rent in July. If the property manager's commission is 6% of the rental
income, the manager's fee for July was:
A.$113
B.$210
C.$285
D.$323
C-$285
A broker is employed by a seller to sell a house. An unrepresented buyer submits an offer to purchase the seller's
house and tells the broker that they will pay more than the offer price if the seller requests it. In this situation, the
broker is:
A.not obligated to convey the information to the seller because to do so would violate the broker's relationship with
the buyer
B.not obligated to convey the information to the seller because the buyer is not bound by this verbal representation
C.obligated to withdraw from the transaction because of conflicting obligations to both parties
D.obligated to convey the information to the seller
D-Obligated to convey the information to the seller
The brokerage fee charged by a listing broker is determined by the:
A.local ordinance
B.local real estate board
C.multiple listing service
D.broker and the principal
D-Broker and the principal
A lender is required under the Truth-in-Lending Act (Regulation Z) to furnish an applicant for a real estate loan with a
copy of a(n):
A.amortization schedule
B.disclosure statement
C.deed
D.financial statement
B-Disclosure statement
Which of the following terms BEST describes personal property that, by its attachment to real property, is regarded as
real estate?
A.Emblements
B.Personality
C.Fixtures
D.Appliances
