THE CE SHOP REAL
ESTATE EXAMS | 150
QUESTIONS | WITH
PASSED SOLUTIONS!!
1.
2. What is the primary purpose of a real estate regulatory authority?
○ A) To provide loans to buyers
○ B) To enforce real estate laws and regulations
○ C) To appraise properties
○ D) To manage real estate investments
3. Answer: B) To enforce real estate laws and regulations
4. Which of the following represents a type of agency relationship in real estate?
○ A) Lender’s agent
○ B) Buyer’s agent
○ C) Market analyst
○ D) Tax assessor
5. Answer: B) Buyer’s agent
6. What is meant by "market value" in real estate terms?
○ A) The price at which a property was last sold
○ B) The estimated price a property would sell for on the open market
○ C) The original purchase price of a property
○ D) The amount owed on a property’s mortgage
7. Answer: B) The estimated price a property would sell for on the open market
8. Which of the following is NOT a key element of a valid real estate contract?
○ A) Offer and acceptance
○ B) Consideration
○ C) Legal capacity of the parties
○ D) Mortgage approval
9. Answer: D) Mortgage approval
10. What is an "encumbrance" in real estate?
○ A) A type of insurance policy
○ B) A claim or liability attached to a property
○ C) A type of real estate investment trust (REIT)
○ D) A tax credit for property owners
11. Answer: B) A claim or liability attached to a property
12. Which duty is NOT typically included in a fiduciary relationship in real estate?
ESTATE EXAMS | 150
QUESTIONS | WITH
PASSED SOLUTIONS!!
1.
2. What is the primary purpose of a real estate regulatory authority?
○ A) To provide loans to buyers
○ B) To enforce real estate laws and regulations
○ C) To appraise properties
○ D) To manage real estate investments
3. Answer: B) To enforce real estate laws and regulations
4. Which of the following represents a type of agency relationship in real estate?
○ A) Lender’s agent
○ B) Buyer’s agent
○ C) Market analyst
○ D) Tax assessor
5. Answer: B) Buyer’s agent
6. What is meant by "market value" in real estate terms?
○ A) The price at which a property was last sold
○ B) The estimated price a property would sell for on the open market
○ C) The original purchase price of a property
○ D) The amount owed on a property’s mortgage
7. Answer: B) The estimated price a property would sell for on the open market
8. Which of the following is NOT a key element of a valid real estate contract?
○ A) Offer and acceptance
○ B) Consideration
○ C) Legal capacity of the parties
○ D) Mortgage approval
9. Answer: D) Mortgage approval
10. What is an "encumbrance" in real estate?
○ A) A type of insurance policy
○ B) A claim or liability attached to a property
○ C) A type of real estate investment trust (REIT)
○ D) A tax credit for property owners
11. Answer: B) A claim or liability attached to a property
12. Which duty is NOT typically included in a fiduciary relationship in real estate?
