Practice Exam:
Proration (Taxes &
Rent) 2026/2027
VERSION WITH
QUALITY QUESTIONS
AND VERIFIED
ANSWERS 100%
CORRECT WITH
,RATIONALES AND PDF
DOWNLOAD.
1. What does proration in real estate
primarily refer to?
Adjustment of expenses or income
between buyer and seller based on
ownership time
Rationale: Proration ensures each party
pays or receives their fair share of costs
like taxes or rent.
2. Which item is most commonly
prorated at closing?
Property taxes
,Rationale: Taxes are typically prepaid or
accrued and must be divided at closing.
3. Proration is based on what principle?
Equitable division based on time of
ownership
Rationale: Each party pays for the time
they own the property.
4. Who usually benefits if taxes were
prepaid by the seller?
Buyer
Rationale: Buyer reimburses seller for
their share of prepaid taxes.
5. Rent proration occurs when?
Tenant or owner moves in or out mid-
month
, Rationale: Rent must reflect partial
occupancy.
6. What is the standard base for
proration calculations?
365 days per year
Rationale: Most real estate calculations
assume a 365-day year.
7. In a leap year, how many days are
used for proration?
366 days
Rationale: Some contracts adjust for leap
years.
8. If seller owns property 90 days, they
pay taxes for how much?
90/365 of annual taxes
Proration (Taxes &
Rent) 2026/2027
VERSION WITH
QUALITY QUESTIONS
AND VERIFIED
ANSWERS 100%
CORRECT WITH
,RATIONALES AND PDF
DOWNLOAD.
1. What does proration in real estate
primarily refer to?
Adjustment of expenses or income
between buyer and seller based on
ownership time
Rationale: Proration ensures each party
pays or receives their fair share of costs
like taxes or rent.
2. Which item is most commonly
prorated at closing?
Property taxes
,Rationale: Taxes are typically prepaid or
accrued and must be divided at closing.
3. Proration is based on what principle?
Equitable division based on time of
ownership
Rationale: Each party pays for the time
they own the property.
4. Who usually benefits if taxes were
prepaid by the seller?
Buyer
Rationale: Buyer reimburses seller for
their share of prepaid taxes.
5. Rent proration occurs when?
Tenant or owner moves in or out mid-
month
, Rationale: Rent must reflect partial
occupancy.
6. What is the standard base for
proration calculations?
365 days per year
Rationale: Most real estate calculations
assume a 365-day year.
7. In a leap year, how many days are
used for proration?
366 days
Rationale: Some contracts adjust for leap
years.
8. If seller owns property 90 days, they
pay taxes for how much?
90/365 of annual taxes
