EPA ACTUAL FINAL EXAM 2026-2027 || MOST RECENT
EXAM WITH COMPLETE REAL QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+|| NEWEST ACTUAL EXAM
JUST RELEASED!!! STUDY GUIDE EXAM & BEST FOR
EXAM PREP
What significant piece of legislation created the Environmental
Protection Agency (EPA)?
The National Environmental Policy Act of 1969
Price changes and listing period extensions are the most common
changes made to
listing agreements
A homeowner in a residential zone recently built a large
warehouse in his backyard. He then rented out the warehouse
space to a company to use. This is an example of
a legal nonconforming use.
,The following statement regarding earnest money is
FALSE: Earnest money is not required for a contract to
be valid.
Earnest money must be at least 10% of the contract price.
The earnest money is deposited in an escrow account if an offer is
accepted.
A boat could be used as earnest money.
Earnest money must be at least 10% of the contract price.
Salesperson Mindy represents seller Isabel. There has been no
interest in Isabel's property over the last week. What should Mindy
do in regard to the weekly activity report?
Tell Isabel there has been no interest over the last week.
A borrower sells a mortgaged property for less than what is owed on
the loan balance. This is an example of
a quick flip.
a deep dive.
a short sale.
an equity sale.
short sale
,Once an applicant has been accepted for the salesperson's license
written exam, how long does he or she have to sit the exam?
2 weeks
6 months
30 days
2 months
2 months
Which of the following is a way of terminating a restrictive covenant?
Failure of property owners to enforce the restrictions in a timely
manner Failure of property owners to enforce the restrictions in a
timely manner
In a(n) _____, an owner sets a minimum amount that he wants to receive
from the sale of the property and lets the broker have as
commission any amount above the set minimum.
open listing
net listing
closed
listing
return
listing
net listing
, Mandy recently bought a condominium unit. What does Mandy
actually own?
A fee simple interest in an airspace and tenancy in common interest
in a share of common elements
A joint tenancy interest in a building and a tenancy in severalty in a
unit Shares in a corporation and a proprietary lease in a physical
unit
The right to occupy a unit from the condominium association
A fee simple interest in an airspace and tenancy in common interest
in a share of common elements
Licensee Finn reported to the lender that the sales price was $5,000
higher than it actually was as the buyer requested him to. This is an
example of
intentional fraud.
unintentional fraud.
negligent misrepresentation.
legal obedience.
unintentional fraud.
EXAM WITH COMPLETE REAL QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+|| NEWEST ACTUAL EXAM
JUST RELEASED!!! STUDY GUIDE EXAM & BEST FOR
EXAM PREP
What significant piece of legislation created the Environmental
Protection Agency (EPA)?
The National Environmental Policy Act of 1969
Price changes and listing period extensions are the most common
changes made to
listing agreements
A homeowner in a residential zone recently built a large
warehouse in his backyard. He then rented out the warehouse
space to a company to use. This is an example of
a legal nonconforming use.
,The following statement regarding earnest money is
FALSE: Earnest money is not required for a contract to
be valid.
Earnest money must be at least 10% of the contract price.
The earnest money is deposited in an escrow account if an offer is
accepted.
A boat could be used as earnest money.
Earnest money must be at least 10% of the contract price.
Salesperson Mindy represents seller Isabel. There has been no
interest in Isabel's property over the last week. What should Mindy
do in regard to the weekly activity report?
Tell Isabel there has been no interest over the last week.
A borrower sells a mortgaged property for less than what is owed on
the loan balance. This is an example of
a quick flip.
a deep dive.
a short sale.
an equity sale.
short sale
,Once an applicant has been accepted for the salesperson's license
written exam, how long does he or she have to sit the exam?
2 weeks
6 months
30 days
2 months
2 months
Which of the following is a way of terminating a restrictive covenant?
Failure of property owners to enforce the restrictions in a timely
manner Failure of property owners to enforce the restrictions in a
timely manner
In a(n) _____, an owner sets a minimum amount that he wants to receive
from the sale of the property and lets the broker have as
commission any amount above the set minimum.
open listing
net listing
closed
listing
return
listing
net listing
, Mandy recently bought a condominium unit. What does Mandy
actually own?
A fee simple interest in an airspace and tenancy in common interest
in a share of common elements
A joint tenancy interest in a building and a tenancy in severalty in a
unit Shares in a corporation and a proprietary lease in a physical
unit
The right to occupy a unit from the condominium association
A fee simple interest in an airspace and tenancy in common interest
in a share of common elements
Licensee Finn reported to the lender that the sales price was $5,000
higher than it actually was as the buyer requested him to. This is an
example of
intentional fraud.
unintentional fraud.
negligent misrepresentation.
legal obedience.
unintentional fraud.
