RE Exam questions with 100% complete solutions
1. A real estate licensee is limited to
False
working with buyers and sellers in a
real estate transaction. True or
False
2. A real estate licensee may NOT accept Securities
compensation for selling on
behalf of a client.
3. The most common area of practice Residential Sales
that new real estate licensees go
into is
4. Which is not an advantage of a .
career in real estate sales? D. Predictable income.
A. Possibility of owning a brokerage
with additional training, education
and experience.
B. Potential for unlimited earnings.
C. Setting your own hours.
D. Predictable income.
5. If a broker supervises the real estate False.
activities of an associated licensee,
that licensee CANNOT be
considered an independent
contractor. True or False?
6. Independent contractor licensees ... Earn commission based on the
re-
sults of their work efforts
7. Which is NOT a factor the IRS uses to C. Properly licensed.
determine whether a real estate agent
qualifies as an independent
contractor for tax purposes...
A. has a fiduciary relationship with
clients.
B. Paid for output, not hours worked.
, RE Exam questions with 100% complete solutions
A. has a fiduciary relationship with
clients.
, RE Exam questions with 100% complete solutions
D written and signed contract with
bro- ker
8. Do you think an employing broker No, while this is most likely a
can broker
require an associated licensee to have can not require them to do so.
a car? Yes or No.
9. PEGS Physical, Economic,
Governmen- tal, and Social
10. Physical Locational, desirability,
unique- ness, immobility,
indestructability, scarcity.
11. Economic Business cycles, supply &
demand, economic base,
interest rates, in- flation.
12. Governmental Fiscal and monetary policy,
taxa- tion, loan programs.
13. Social Demographics, migration,
popula- tion growth, trends
and tastes.
14. Non- Homogeneity or Heterogeneity A characteristic of land which
holds
that no two parcels are exactly
alike because each parcel has
its own unique location.
15. Which is NOT a physical unique- ness of real property
characteristic of land? is non-homo- geneity. True
A. Balance or False.
B. Immobility
C. Scarcity
D. Uniqueness
16. Another word that refers to the
1. A real estate licensee is limited to
False
working with buyers and sellers in a
real estate transaction. True or
False
2. A real estate licensee may NOT accept Securities
compensation for selling on
behalf of a client.
3. The most common area of practice Residential Sales
that new real estate licensees go
into is
4. Which is not an advantage of a .
career in real estate sales? D. Predictable income.
A. Possibility of owning a brokerage
with additional training, education
and experience.
B. Potential for unlimited earnings.
C. Setting your own hours.
D. Predictable income.
5. If a broker supervises the real estate False.
activities of an associated licensee,
that licensee CANNOT be
considered an independent
contractor. True or False?
6. Independent contractor licensees ... Earn commission based on the
re-
sults of their work efforts
7. Which is NOT a factor the IRS uses to C. Properly licensed.
determine whether a real estate agent
qualifies as an independent
contractor for tax purposes...
A. has a fiduciary relationship with
clients.
B. Paid for output, not hours worked.
, RE Exam questions with 100% complete solutions
A. has a fiduciary relationship with
clients.
, RE Exam questions with 100% complete solutions
D written and signed contract with
bro- ker
8. Do you think an employing broker No, while this is most likely a
can broker
require an associated licensee to have can not require them to do so.
a car? Yes or No.
9. PEGS Physical, Economic,
Governmen- tal, and Social
10. Physical Locational, desirability,
unique- ness, immobility,
indestructability, scarcity.
11. Economic Business cycles, supply &
demand, economic base,
interest rates, in- flation.
12. Governmental Fiscal and monetary policy,
taxa- tion, loan programs.
13. Social Demographics, migration,
popula- tion growth, trends
and tastes.
14. Non- Homogeneity or Heterogeneity A characteristic of land which
holds
that no two parcels are exactly
alike because each parcel has
its own unique location.
15. Which is NOT a physical unique- ness of real property
characteristic of land? is non-homo- geneity. True
A. Balance or False.
B. Immobility
C. Scarcity
D. Uniqueness
16. Another word that refers to the
