Real Estate Express Practice Exam
|\ |\ |\ |\ |\
QUESTIONS WITH ANSWERS |\ |\
The total of fees for each original real estate sales license
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
is: - CORRECT ANSWERS ✔✔$125
|\ |\ |\ |\
To apply for a permit to do business as a business broker,
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
the licensee must submit an application to the Division,
|\ |\ |\ |\ |\ |\ |\ |\ |\
along with a certificate of completion that the licensee
|\ |\ |\ |\ |\ |\ |\ |\ |\
has completed a minimum of how many hours of
|\ |\ |\ |\ |\ |\ |\ |\ |\
instruction related to business brokerage? - CORRECT
|\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔24 |\
The Federal Home Loan Mortgage Corporation is the same
|\ |\ |\ |\ |\ |\ |\ |\
as: - CORRECT ANSWERS ✔✔Freddie Mac.
|\ |\ |\ |\ |\ |\
Which of the following is the same as a Fannie Mae loan? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔FNMA.
|\ |\ |\
The type of company that sells securities specializing in
|\ |\ |\ |\ |\ |\ |\ |\ |\
real estate ventures, and requires a minimum of 100
|\ |\ |\ |\ |\ |\ |\ |\ |\
investors, is known as: - CORRECT ANSWERS ✔✔A real
|\ |\ |\ |\ |\ |\ |\ |\ |\
estate investment trust |\ |\
,A real estate agent has the duty to present which of the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
following to his seller client? - CORRECT ANSWERS ✔✔All
|\ |\ |\ |\ |\ |\ |\ |\ |\
offers, reasonable or not, unless the client waives this
|\ |\ |\ |\ |\ |\ |\ |\ |\
duty.
The sponsor of an approved course must notify the
|\ |\ |\ |\ |\ |\ |\ |\ |\
Division within how many days of making a material
|\ |\ |\ |\ |\ |\ |\ |\ |\
change to a course? - CORRECT ANSWERS ✔✔15
|\ |\ |\ |\ |\ |\ |\
A sales agent applicant must take and pass an
|\ |\ |\ |\ |\ |\ |\ |\ |\
examination before submitting his application for his |\ |\ |\ |\ |\ |\ |\
sales agent license. Each time the applicant takes the
|\ |\ |\ |\ |\ |\ |\ |\ |\
exam, he will pay a fee of: - CORRECT ANSWERS ✔✔$100
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
A comprehensive indemnity contract under which a title
|\ |\ |\ |\ |\ |\ |\ |\
insurance company warrants to make good a loss arising
|\ |\ |\ |\ |\ |\ |\ |\ |\
through defects in title to real estate or any liens or
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
encumbrances thereon, is known as: - CORRECT |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Title Insurance |\ |\
The partial transfer of a tenant's right in a rental property
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
to a third party is known as: - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Subleasing
Ownership in which someone sets conditions, such as "I |\ |\ |\ |\ |\ |\ |\ |\ |\
will sell my property to you with the condition that alcohol
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
, is never served on the premises. If you have a wine and
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
cheese party, then I have the right to take back the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
property," is known as: - CORRECT ANSWERS ✔✔Fee |\ |\ |\ |\ |\ |\ |\ |\
Simple Dedeasible |\
The gross receipts to which an owner is entitled upon the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
disposition of any commercial real estate specified in a |\ |\ |\ |\ |\ |\ |\ |\ |\
brokerage agreement are known as: - CORRECT |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔The owner's net proceeds |\ |\ |\ |\
Anyone licensed as a real estate broker or broker-
|\ |\ |\ |\ |\ |\ |\ |\
salesman, whose license has been placed on inactive |\ |\ |\ |\ |\ |\ |\ |\
status (for any reason) for one year must complete a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
course of instruction of how many semester units in
|\ |\ |\ |\ |\ |\ |\ |\ |\
broker management before the person's license is
|\ |\ |\ |\ |\ |\ |\
reissued or reinstated? - CORRECT ANSWERS ✔✔3
|\ |\ |\ |\ |\ |\
Nevada property managers must take how many hours of
|\ |\ |\ |\ |\ |\ |\ |\ |\
property management-related educational credits? -
|\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔24 Hours |\ |\ |\
In which of the following cases is it not acceptable for an
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
agent to disclose confidential information about his
|\ |\ |\ |\ |\ |\ |\
client? - CORRECT ANSWERS ✔✔If the information is a
|\ |\ |\ |\ |\ |\ |\ |\ |\
material fact about the real estate property or the
|\ |\ |\ |\ |\ |\ |\ |\ |\
transaction itself that the agent thinks he has a duty to |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
share with all parties to the transaction.
|\ |\ |\ |\ |\ |\
|\ |\ |\ |\ |\
QUESTIONS WITH ANSWERS |\ |\
The total of fees for each original real estate sales license
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
is: - CORRECT ANSWERS ✔✔$125
|\ |\ |\ |\
To apply for a permit to do business as a business broker,
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
the licensee must submit an application to the Division,
|\ |\ |\ |\ |\ |\ |\ |\ |\
along with a certificate of completion that the licensee
|\ |\ |\ |\ |\ |\ |\ |\ |\
has completed a minimum of how many hours of
|\ |\ |\ |\ |\ |\ |\ |\ |\
instruction related to business brokerage? - CORRECT
|\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔24 |\
The Federal Home Loan Mortgage Corporation is the same
|\ |\ |\ |\ |\ |\ |\ |\
as: - CORRECT ANSWERS ✔✔Freddie Mac.
|\ |\ |\ |\ |\ |\
Which of the following is the same as a Fannie Mae loan? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔FNMA.
|\ |\ |\
The type of company that sells securities specializing in
|\ |\ |\ |\ |\ |\ |\ |\ |\
real estate ventures, and requires a minimum of 100
|\ |\ |\ |\ |\ |\ |\ |\ |\
investors, is known as: - CORRECT ANSWERS ✔✔A real
|\ |\ |\ |\ |\ |\ |\ |\ |\
estate investment trust |\ |\
,A real estate agent has the duty to present which of the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
following to his seller client? - CORRECT ANSWERS ✔✔All
|\ |\ |\ |\ |\ |\ |\ |\ |\
offers, reasonable or not, unless the client waives this
|\ |\ |\ |\ |\ |\ |\ |\ |\
duty.
The sponsor of an approved course must notify the
|\ |\ |\ |\ |\ |\ |\ |\ |\
Division within how many days of making a material
|\ |\ |\ |\ |\ |\ |\ |\ |\
change to a course? - CORRECT ANSWERS ✔✔15
|\ |\ |\ |\ |\ |\ |\
A sales agent applicant must take and pass an
|\ |\ |\ |\ |\ |\ |\ |\ |\
examination before submitting his application for his |\ |\ |\ |\ |\ |\ |\
sales agent license. Each time the applicant takes the
|\ |\ |\ |\ |\ |\ |\ |\ |\
exam, he will pay a fee of: - CORRECT ANSWERS ✔✔$100
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
A comprehensive indemnity contract under which a title
|\ |\ |\ |\ |\ |\ |\ |\
insurance company warrants to make good a loss arising
|\ |\ |\ |\ |\ |\ |\ |\ |\
through defects in title to real estate or any liens or
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
encumbrances thereon, is known as: - CORRECT |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Title Insurance |\ |\
The partial transfer of a tenant's right in a rental property
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
to a third party is known as: - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Subleasing
Ownership in which someone sets conditions, such as "I |\ |\ |\ |\ |\ |\ |\ |\ |\
will sell my property to you with the condition that alcohol
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
, is never served on the premises. If you have a wine and
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
cheese party, then I have the right to take back the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
property," is known as: - CORRECT ANSWERS ✔✔Fee |\ |\ |\ |\ |\ |\ |\ |\
Simple Dedeasible |\
The gross receipts to which an owner is entitled upon the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
disposition of any commercial real estate specified in a |\ |\ |\ |\ |\ |\ |\ |\ |\
brokerage agreement are known as: - CORRECT |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔The owner's net proceeds |\ |\ |\ |\
Anyone licensed as a real estate broker or broker-
|\ |\ |\ |\ |\ |\ |\ |\
salesman, whose license has been placed on inactive |\ |\ |\ |\ |\ |\ |\ |\
status (for any reason) for one year must complete a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
course of instruction of how many semester units in
|\ |\ |\ |\ |\ |\ |\ |\ |\
broker management before the person's license is
|\ |\ |\ |\ |\ |\ |\
reissued or reinstated? - CORRECT ANSWERS ✔✔3
|\ |\ |\ |\ |\ |\
Nevada property managers must take how many hours of
|\ |\ |\ |\ |\ |\ |\ |\ |\
property management-related educational credits? -
|\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔24 Hours |\ |\ |\
In which of the following cases is it not acceptable for an
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
agent to disclose confidential information about his
|\ |\ |\ |\ |\ |\ |\
client? - CORRECT ANSWERS ✔✔If the information is a
|\ |\ |\ |\ |\ |\ |\ |\ |\
material fact about the real estate property or the
|\ |\ |\ |\ |\ |\ |\ |\ |\
transaction itself that the agent thinks he has a duty to |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
share with all parties to the transaction.
|\ |\ |\ |\ |\ |\
