CE FINAL EXAM RE 2026
COMPREHENSIVE PRACTICE QUESTIONS
AND VERIFIED CORRECT ANSWERS
COMPLETE COURSE REVIEW, KEY
CONCEPTS, CASE-BASED QUESTIONS,
PROFESSIONAL PRACTICE AND FINAL
EXAM STUDY GUIDE GRADE A+ STUDY
RESOURCE
A defect on a title that can be monetary or physical is called an ______.
Agreement
Appurtenance
Encumbrance
Eviction - CORRECT ANSWER -Encumbrance
A fee a lender charges for processing a loan is called _______.
A buydown
A loan origination fee
A loan servicing fee
An appraisal fee - CORRECT ANSWER -A loan origination fee
,Which of these property management situations is NOT an exception to the
federal Fair Housing Act?
A private club may restrict the rental or sale of its property to members (as
long as the property is not offered to the general public)
Owners of building with two or more floors and units available on the
ground-level floor can restrict those ground-level units to disabled tenants.
Religious organizations that sponsor housing may restrict residency to
members of that organization as long as the religion doesn't discriminate
against protected classes when allowing membership in the organization.
Senior housing facilities or communities may refuse to sell or rent
properties to families with minor children or those younger than 55 -
CORRECT ANSWER -
Which of these activities is legal in Missouri?
Give away pens to any open house, showing, or listing attendees.
Hold a lottery for those who've entered into a contract to lease a unit in a
new building.
Offer prizes conditioned on a listing of a property.
Use contests to influence potential purchasers. - CORRECT ANSWER -Give
away pens to any open house, showing, or listing attendees.
When an appraiser relies on comparable properties to estimate the adjusted
market price of a property, the appraiser is using the _______ approach.
, Cost
Income
Market value
Sales comparison - CORRECT ANSWER -Sales comparison
One of a seller's agent's duties is to ______.
Keep the buyer informed
Market and sell the property
Negotiate for the buyer
Represent the buyer while making sure that none of the seller's advantages
are lost. - CORRECT ANSWER -Market and sell the property
What's a certified opinion or estimate of value of a particular property as of
a particular date?
Appraisal
Assessment
Evaluation
Inspection - CORRECT ANSWER -Appraisal
The Knolls are purchasing a property and are concerned about the title.
They want to have a title search performed. Who can perform a title search?
A property inspector
COMPREHENSIVE PRACTICE QUESTIONS
AND VERIFIED CORRECT ANSWERS
COMPLETE COURSE REVIEW, KEY
CONCEPTS, CASE-BASED QUESTIONS,
PROFESSIONAL PRACTICE AND FINAL
EXAM STUDY GUIDE GRADE A+ STUDY
RESOURCE
A defect on a title that can be monetary or physical is called an ______.
Agreement
Appurtenance
Encumbrance
Eviction - CORRECT ANSWER -Encumbrance
A fee a lender charges for processing a loan is called _______.
A buydown
A loan origination fee
A loan servicing fee
An appraisal fee - CORRECT ANSWER -A loan origination fee
,Which of these property management situations is NOT an exception to the
federal Fair Housing Act?
A private club may restrict the rental or sale of its property to members (as
long as the property is not offered to the general public)
Owners of building with two or more floors and units available on the
ground-level floor can restrict those ground-level units to disabled tenants.
Religious organizations that sponsor housing may restrict residency to
members of that organization as long as the religion doesn't discriminate
against protected classes when allowing membership in the organization.
Senior housing facilities or communities may refuse to sell or rent
properties to families with minor children or those younger than 55 -
CORRECT ANSWER -
Which of these activities is legal in Missouri?
Give away pens to any open house, showing, or listing attendees.
Hold a lottery for those who've entered into a contract to lease a unit in a
new building.
Offer prizes conditioned on a listing of a property.
Use contests to influence potential purchasers. - CORRECT ANSWER -Give
away pens to any open house, showing, or listing attendees.
When an appraiser relies on comparable properties to estimate the adjusted
market price of a property, the appraiser is using the _______ approach.
, Cost
Income
Market value
Sales comparison - CORRECT ANSWER -Sales comparison
One of a seller's agent's duties is to ______.
Keep the buyer informed
Market and sell the property
Negotiate for the buyer
Represent the buyer while making sure that none of the seller's advantages
are lost. - CORRECT ANSWER -Market and sell the property
What's a certified opinion or estimate of value of a particular property as of
a particular date?
Appraisal
Assessment
Evaluation
Inspection - CORRECT ANSWER -Appraisal
The Knolls are purchasing a property and are concerned about the title.
They want to have a title search performed. Who can perform a title search?
A property inspector
