Mid Course Practice Exam Question &
Answers 2025
What types of violations can be brought under the NAR Code of ethics?
- CORRECT ANSWERS ✔✔All of the above
A client wishes to amend the purchase and sale contract with a few
clauses that provide him with some additional liability coverage; what
should the Realtor® do in this situation? - CORRECT ANSWERS
✔✔Refer the client to a real estate lawyer to review the clauses and
the entire contract before agreeing to add anything to the contract.
Although the items included in Pathways to Professionalism may seem
elementary, these simple courtesies are often overlooked and
neglecting any of them can cause which of the following? - CORRECT
ANSWERS ✔✔All of the above:
Ill will
Ruined reputations
Failed transactions
Which party below is the most likely to be the description for this
definition: "A person guided or instigated by another in some action"? -
CORRECT ANSWERS ✔✔Agents
,Mid Course Practice Exam Question &
Answers 2025
What is the most likely next step in the construction process after
grading and site preparation? - CORRECT ANSWERS ✔✔Foundation
construction
What can't an agent do as per various Kentucky real estate laws? -
CORRECT ANSWERS ✔✔All of the above:
Make a substantial misrepresentation
Offer a false promise
Act as a Dual Agent without full disclosure
Common laws are usually based upon what? - CORRECT ANSWERS
✔✔Both B and C:
Judge's decisions in civil court
Jury decisions in criminal cases
Realtors® may give clients _____, but must advise them to seek legal
counsel when applicable. - CORRECT ANSWERS ✔✔None of the
above:
Legal advice
Power of Attorney authorization
, Mid Course Practice Exam Question &
Answers 2025
Tax advice
What is the cost of constructing an exact duplicate of the subject
property at current market prices? - CORRECT ANSWERS
✔✔Reproduction Cost
What is a core element of the NAR Code of Ethics? - CORRECT
ANSWERS ✔✔The Golden Rule.
What is another name for the Lot and block survey method? - CORRECT
ANSWERS ✔✔Recorded Plat method
Business ethics apply to what aspects of business conduct? - CORRECT
ANSWERS ✔✔All aspects of business conduct.
All of the following are foreclosure processes that enforce mortgage
liens except: - CORRECT ANSWERS ✔✔Tax lien foreclosure
Which answer below is the most likely to have excluded trade fixtures
in a real estate sale? - CORRECT ANSWERS ✔✔A restaurant sale
The Supervising Broker has the least amount of liability risks as it
pertains to the actions of his Salespersons for which activity? -
Answers 2025
What types of violations can be brought under the NAR Code of ethics?
- CORRECT ANSWERS ✔✔All of the above
A client wishes to amend the purchase and sale contract with a few
clauses that provide him with some additional liability coverage; what
should the Realtor® do in this situation? - CORRECT ANSWERS
✔✔Refer the client to a real estate lawyer to review the clauses and
the entire contract before agreeing to add anything to the contract.
Although the items included in Pathways to Professionalism may seem
elementary, these simple courtesies are often overlooked and
neglecting any of them can cause which of the following? - CORRECT
ANSWERS ✔✔All of the above:
Ill will
Ruined reputations
Failed transactions
Which party below is the most likely to be the description for this
definition: "A person guided or instigated by another in some action"? -
CORRECT ANSWERS ✔✔Agents
,Mid Course Practice Exam Question &
Answers 2025
What is the most likely next step in the construction process after
grading and site preparation? - CORRECT ANSWERS ✔✔Foundation
construction
What can't an agent do as per various Kentucky real estate laws? -
CORRECT ANSWERS ✔✔All of the above:
Make a substantial misrepresentation
Offer a false promise
Act as a Dual Agent without full disclosure
Common laws are usually based upon what? - CORRECT ANSWERS
✔✔Both B and C:
Judge's decisions in civil court
Jury decisions in criminal cases
Realtors® may give clients _____, but must advise them to seek legal
counsel when applicable. - CORRECT ANSWERS ✔✔None of the
above:
Legal advice
Power of Attorney authorization
, Mid Course Practice Exam Question &
Answers 2025
Tax advice
What is the cost of constructing an exact duplicate of the subject
property at current market prices? - CORRECT ANSWERS
✔✔Reproduction Cost
What is a core element of the NAR Code of Ethics? - CORRECT
ANSWERS ✔✔The Golden Rule.
What is another name for the Lot and block survey method? - CORRECT
ANSWERS ✔✔Recorded Plat method
Business ethics apply to what aspects of business conduct? - CORRECT
ANSWERS ✔✔All aspects of business conduct.
All of the following are foreclosure processes that enforce mortgage
liens except: - CORRECT ANSWERS ✔✔Tax lien foreclosure
Which answer below is the most likely to have excluded trade fixtures
in a real estate sale? - CORRECT ANSWERS ✔✔A restaurant sale
The Supervising Broker has the least amount of liability risks as it
pertains to the actions of his Salespersons for which activity? -
