NATIONAL REAL ESTATE EXAM PRACTICE TEST (ACTUAL EXAM
QUESTIONS & COMPLETE ANSWERS 2025)
In most cases, broker 5-7%
compensation, as a
percentage of home price,
falls somewhere between:
Yes. Religious organizations which rent to tenants for residential
A Christian organization
purposes are exempt from the Fair Housing
owns a fourplex. It wants to
rent to only Christian Act
tenants. Under the federal
Fair Housing Act, is this
legal?
Practice questions for this set
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Studied terms
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Terms in this set (164)
What happens to trade The tenant removes their trade fixtures and takes them upon
fixtures after a business moving out.
moves out of a leased
property?
,Suppose that a borrower has $280
a gross monthly income of
$3,000 and wants to qualify
for a conforming loan (total
debt service ratio of 36%)
with a monthly PITI payment
of $800. What is the
maximum amount of
additional long-term
obligations this borrower
may have after PITI?
A square bedroom 100 square feet
measures 10 feet by 10
feet. What is the area of
the room?
Which of these is an situs
economic characteristic that
makes land a distinctive
commodity?*
In a fixed-rate mortgage that predetermined
is fully amortized, the total
amount of interest to be
paid is:
Which is exempt from the renting a room in a house occupied by the owner
federal Fair Housing Act?
The Americans with
privately owned or government-owned public accommodations
Disabilities Act applies to:
Condemnation is the act of eminent domain
seizing private property from
citizens. What gives the
government the right to do
this?
, The PHYSICAL immobile
characteristics of land are
that land is indestructible,
non-homogenous, and:
Which statement BEST stipulation that must be satisfied before the contract can be
defines the term performed
contingency?
If a borrower is behind on call the entire loan balance due immediately
payments, the acceleration
clause gives the lender the
ability to:
A metes and bounds legal the point of beginning
description always returns to:
What should a license holder advise the client they cannot legally discriminate against
do if a client instructs them certain groups
to do something that would
discriminate against a
protected class?
What is a novation? the substitution of one contract for another
A married couple bought a $50,000
home ten years ago for
$400,000. Their
neighborhood has rapidly
grown in popularity, and they
were able to sell their home
this year for $950,000. How
much of that money will they
be required to pay capital
gains tax on?
QUESTIONS & COMPLETE ANSWERS 2025)
In most cases, broker 5-7%
compensation, as a
percentage of home price,
falls somewhere between:
Yes. Religious organizations which rent to tenants for residential
A Christian organization
purposes are exempt from the Fair Housing
owns a fourplex. It wants to
rent to only Christian Act
tenants. Under the federal
Fair Housing Act, is this
legal?
Practice questions for this set
Learn
Studied terms
Nice work, you're crushing it
Continue studying in Learn
Terms in this set (164)
What happens to trade The tenant removes their trade fixtures and takes them upon
fixtures after a business moving out.
moves out of a leased
property?
,Suppose that a borrower has $280
a gross monthly income of
$3,000 and wants to qualify
for a conforming loan (total
debt service ratio of 36%)
with a monthly PITI payment
of $800. What is the
maximum amount of
additional long-term
obligations this borrower
may have after PITI?
A square bedroom 100 square feet
measures 10 feet by 10
feet. What is the area of
the room?
Which of these is an situs
economic characteristic that
makes land a distinctive
commodity?*
In a fixed-rate mortgage that predetermined
is fully amortized, the total
amount of interest to be
paid is:
Which is exempt from the renting a room in a house occupied by the owner
federal Fair Housing Act?
The Americans with
privately owned or government-owned public accommodations
Disabilities Act applies to:
Condemnation is the act of eminent domain
seizing private property from
citizens. What gives the
government the right to do
this?
, The PHYSICAL immobile
characteristics of land are
that land is indestructible,
non-homogenous, and:
Which statement BEST stipulation that must be satisfied before the contract can be
defines the term performed
contingency?
If a borrower is behind on call the entire loan balance due immediately
payments, the acceleration
clause gives the lender the
ability to:
A metes and bounds legal the point of beginning
description always returns to:
What should a license holder advise the client they cannot legally discriminate against
do if a client instructs them certain groups
to do something that would
discriminate against a
protected class?
What is a novation? the substitution of one contract for another
A married couple bought a $50,000
home ten years ago for
$400,000. Their
neighborhood has rapidly
grown in popularity, and they
were able to sell their home
this year for $950,000. How
much of that money will they
be required to pay capital
gains tax on?
