EXAMINATION TEST 2026 COMPLETE 200+
QUESTIONS WITH SOLUTIONS GRADED A+
⩥ Which of the following is considered a general factor that influences
the value of real estate?
a. Changes in population levels
b. The improvements that are present
c. The quality of construction
d. The sales prices of comparable properties in the area
**Real estate value is influenced by general factors (things that affect all
properties in an area), and specific factors (such as high-quality or poor-
quality construction). Answer: a. Changes in population levels
⩥ When constructing a foundation, besides a vapor barrier, what might
local building codes require?
a. Bricks
b. Poured concrete instead of blocks
c. Soil
d. Termiticide
,**While poured concrete, blocks, and bricks are options for foundation
walls, local building codes often require vapor barriers and termiticides..
Answer: d. Termiticide
⩥ Peter wants to set up a land trust so that his children can benefit from
his real estate investments after he dies. He asked his financial advisor
Tom to manage the trust, and Tom agreed. How is the trust created?
a. Peter conveys the real estate to Tom.
b. Peter dies.
c. Peter purchases the real estate.
d. Tom distributes income from the real estate investments.
**A trust is created when the trustor conveys property to the trustee with
instructions for holding and managing it on behalf of the beneficiaries..
Answer: a. Peter conveys the real estate to Tom.
⩥ Shira bought a condominium in a planned unit development. The
development has a small playground, tennis and basketball courts, and a
putting green. Who owns these recreational facilities?
a. The businesses located in the PUD
b. The condo owners
, c. The development investors
d. The PUD developer
**A condo owned inside a PUD is similar to a condo owned outside a
PUD. All common areas are jointly owned and maintained by the condo
owners or the HOA.. Answer: b. The condo owners
⩥ What is 1/4 x 2/3?
a. 1
b. 1/6
c. 3/7
d. 3/8. Answer: b. 1/6
⩥ The heating system in Jeff and Tony's new home takes cool air and
passes it through the heat source using a fan or blower. What type of
heat do they have?
a. Boiler
b. Forced air
c. Hot water
d. Steam. Answer: b. Forced air