,Certified Residential Specialist (CRS)
Practice Exam
Questions and correct
Answers 2025-2026
What is a Comparative Market Analysis (CMA) used for?
A. To prepare a formal appraisal
B.To estimate a home's value by comparing similar
properties
C.To evaluate tax benefits for sellers
D.To assess neighborhood crime rates
Rationale: A CMA analyzes recent sales, active listings,
and expired listings to advise sellers on realistic pricing.
When marketing a luxury residential property, what is a
key strategy?
A. Listing on low-cost websites only
B.Hosting public open houses frequently
C.Using targeted high-end marketing and networking
D. Price it below market to create buzz
Rationale: Luxury properties benefit from exclusive
marketing, private showings, and networking with affluent
buyers.
What should an agent do if a client insists on ignoring a
serious property defect?
A. Ignore the defect and proceed
B.Inform the client of legal and ethical obligations to
disclose
C.Advise the client to withhold information from buyers
,
Practice Exam
Questions and correct
Answers 2025-2026
What is a Comparative Market Analysis (CMA) used for?
A. To prepare a formal appraisal
B.To estimate a home's value by comparing similar
properties
C.To evaluate tax benefits for sellers
D.To assess neighborhood crime rates
Rationale: A CMA analyzes recent sales, active listings,
and expired listings to advise sellers on realistic pricing.
When marketing a luxury residential property, what is a
key strategy?
A. Listing on low-cost websites only
B.Hosting public open houses frequently
C.Using targeted high-end marketing and networking
D. Price it below market to create buzz
Rationale: Luxury properties benefit from exclusive
marketing, private showings, and networking with affluent
buyers.
What should an agent do if a client insists on ignoring a
serious property defect?
A. Ignore the defect and proceed
B.Inform the client of legal and ethical obligations to
disclose
C.Advise the client to withhold information from buyers
,
