real estate license EXAM A+ GRADE ASSURED COMPLETE SOLUTIONS AND VERIFIED ANSWERS

CEN EXAM @x




Exam Solution@x




Real Estate final exam (Pearson VUE) 2026 A+ GRADE
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ASSURED COMPLETE SOLUTIONS AND VERIFIED ANSW @x @x @x @x @x




ERS (B4215) @x




QUESTION 1 @x




fee simple
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ANSWER

most complete form of property ownership. also called fee absolute and indefeasible fee estate. ow
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ner may do what they want with property
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QUESTION 2 @x




1. In order for a tenant to claim relief for constructive eviction:
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ANSWER

the landlord must have intentionally withheld required repairs or maintenance
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QUESTION 3 @x




A buyer purchases a furnished condominium apartment as an investment. The docum
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ent that evidences the buyer's ownership of the furniture is a:
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ANSWER

bill of sale
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QUESTION 4 @x




A broker who enters into a property management contract is considered a
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ANSWER

fiduciary

,QUESTION 5 @x




A buyer's interest in real property, acquired at the moment the seller and the buyer
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enter into a sales contract, is known as:
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ANSWER

equitable interest @x




QUESTION 6 @x




The appropriate time for a selling broker to explain the agency relationship to a pro
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spective buyer is: @x @x




ANSWER

at their initial meeting
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QUESTION 7 @x




A broker is asked to lease 1,200 square feet of warehouse space at $6 per square fo
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ot per year. If the broker's commission will be 8 percent of the first year's rental inc
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ome, the MAXIMUM amount payable is:
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ANSWER

576 1200x6=7200 7200x.08= 576
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QUESTION 8 @x




A geographic region in which similar properties compete with the subject property fo
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r potential buyers is called a:
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ANSWER

market area @x




QUESTION 9 @x




In the absence of a formal appraisal report, which of the following choices is the MO
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ST appropriate for setting a listing price in a new, rapidly selling neighborhood?
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ANSWER

The price that willing buyers have recently paid for similar structures
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, QUESTION 10 @x




Which of the following factors would be included in the description of replacement c
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ost?
ANSWER

Similar utility and current material
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QUESTION 11 @x




Under an exclusive right-to-
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sell listing, a broker has the authority to take which of the following actions on behal
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f of a seller?
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ANSWER

Advertise the property for sale.
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QUESTION 12 @x




special or specific agency@x @x @x




ANSWER

the principal gives the agent authority to do one specific thing on the principal's behalf: sell proper
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ty. agreement will list how the task will be done.
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QUESTION 13 @x




general agency @x




ANSWER

principal and agent. gives agent (broker) the authority to conduct serval activities prins behalf: sho
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w property, check renters references, negotiate the lease.
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QUESTION 14 @x




buyers agency @x




ANSWER

buyer agent relationship
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QUESTION 15 @x




dual agency @x