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Perry Real Estate College Final Verified Examination,
2026/2027-Question Real Estate Principles and
Licensing Competency Assessment||Newest Exam!!!
Which of the following would be considered legal?
Refusing to sell a house to a person who has a history of
mental illness
Charging a family with children a higher security deposit
than is charged there are no children
Requiring a person with a disability to establish an escrow
account for the costs to restore a property after it has been
modified
Picturing only white people in a brochure as the "happy
residents" in a housing development - Answer-Requiring a
person with a disability to establish an escrow account for
the costs to restore a property after it has been modified
Normally, the priority of general liens is determined by
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the order in which the cause of action arose
the size of the claim
the order in which they are filed or recorded
the court - Answer-the order in which they are filed or
recorded
If a licensee offers a rebate or an inducement to a client,
this offer must be:
for money only
disclosed in writing
offered to all clients
none of the above - Answer-disclosed in writing
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charging more interest than is legally allowed is known as
escheat
usury
a deficiency
an estoppel - Answer-usury
A lease that will terminate within one year of its inception
violates the provisions of the statute of frauds
may be oral
is invalid
must be in writing - Answer-may be oral
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an inducement could be:
a television
a gift certificate
money
all of the above - Answer-all of the above
all of the following are alternative risk management
techniques EXCEPT
retaining it
ignoring it
avoiding it
transferring it - Answer-ignoring it
Perry Real Estate College Final Verified Examination,
2026/2027-Question Real Estate Principles and
Licensing Competency Assessment||Newest Exam!!!
Which of the following would be considered legal?
Refusing to sell a house to a person who has a history of
mental illness
Charging a family with children a higher security deposit
than is charged there are no children
Requiring a person with a disability to establish an escrow
account for the costs to restore a property after it has been
modified
Picturing only white people in a brochure as the "happy
residents" in a housing development - Answer-Requiring a
person with a disability to establish an escrow account for
the costs to restore a property after it has been modified
Normally, the priority of general liens is determined by
,2|Page
the order in which the cause of action arose
the size of the claim
the order in which they are filed or recorded
the court - Answer-the order in which they are filed or
recorded
If a licensee offers a rebate or an inducement to a client,
this offer must be:
for money only
disclosed in writing
offered to all clients
none of the above - Answer-disclosed in writing
,3|Page
charging more interest than is legally allowed is known as
escheat
usury
a deficiency
an estoppel - Answer-usury
A lease that will terminate within one year of its inception
violates the provisions of the statute of frauds
may be oral
is invalid
must be in writing - Answer-may be oral
, 4|Page
an inducement could be:
a television
a gift certificate
money
all of the above - Answer-all of the above
all of the following are alternative risk management
techniques EXCEPT
retaining it
ignoring it
avoiding it
transferring it - Answer-ignoring it
