REAL ESTATE EXAM 2025| ACTUAL EXAM QUESTIONS
WITH ACCURATE ANSWERS|EXPERT VERIFIED FOR
GUARANTEED PASS|LATEST VERSION
A person who brings together the user of capital (borrower) and the supplier of capital (lender).
For this service, a finder's fee is usually paid by the borrower. - CORRECT ANSWER -
Mortgage Broker
A person who receives a conveyance of real property from a grantor. - CORRECT ANSWER -
Grantee
A physical object intruding onto neighboring property, often due to a mistake regarding the
boundary. - CORRECT ANSWER - encroachment
A process by which banks draw lines on a map and refuse to lend money to purchase or improve
property within the boundaries. - CORRECT ANSWER - Redlining
A property holder who does not reside on the property and who usually relies on a property
manager to supervise the investment. - CORRECT ANSWER - Absentee Owner
a property that has been homesteaded - CORRECT ANSWER - Exempt Property
A provision in a deed containing a covenant or warranty to perform any further acts the grantee
(buyer) might require to perfect title to the property. - CORRECT ANSWER - Further assurance
A right granted a sales associate or broker associate to work various properties owned by
affiliated entities under one owner developer. - CORRECT ANSWER - Group license
A state statute under which certain types of contracts must be in writing to be enforceable. -
CORRECT ANSWER - Statute of Frauds
,a tenancy granted by landlords to tenants allowing them to remain in possession without written
agreement - CORRECT ANSWER - Tenancy at Will
A tenant continued to occupy the premises following expiration of the lease. The tenant
continued to pay monthly rent to the landlord - CORRECT ANSWER - Tenant at Sufferance
A written agreement to gain the principal's permission to a change in brokerage relationship. -
CORRECT ANSWER - consent to transition
additional land resulting from the gradual receding of water that now belongs to the property
owner - CORRECT ANSWER - Reliction
agreement between 2 states that allow a real estate licensee with a valid license in one of the
states to practice real estate in both states, military personelle get this - CORRECT ANSWER -
Reciprocity
all realtors must be members of: - CORRECT ANSWER - NAR
amount paid for real estate less its value; the excess is this: - CORRECT ANSWER - Goodwill
an account where money is held in trust until it can be delivered to a designated party -
CORRECT ANSWER - escrow account
An act of corruption, vileness, or moral depravity; a disgraceful action or deed. - CORRECT
ANSWER - moral turpitude
An advertisement of a principal's property providing only a telephone number, a post office box,
and/or an address without the licensed name of the brokerage firm. - CORRECT ANSWER -
Blind advertisement
,An agreement between an owner and many brokers. If a broker produces a ready willing, and
able buyer, a commission is due. However, the owner still has the right to sell his/her property
and is not obligated to pay a commission to anyone. - CORRECT ANSWER - Open Listing
an amendment that caps how much the assessed value of homesteaded property may increase
each year - CORRECT ANSWER - Save Our Home Amendment
An area a real estate professional often specializes in one particular geographic area or property
type. - CORRECT ANSWER - Farm area
an independent special district authorized by statute to issue bonds to raise funds to construct
infrastructure for a residential development - CORRECT ANSWER - community development
district (CDD)
An interest in real or personal property that is limited in duration to the lifetime of its owner or
some other designated person or persons. - CORRECT ANSWER - Life Estate
An outline of the charges against a licensee that must be answered within the statutory time limit.
- CORRECT ANSWER - formal complaint
An owner's use of land that causes damage or inconvenience to the general public. - CORRECT
ANSWER - Public Nuisance
An ownership arrangement in which co-owners each have an exclusive right to use a
condominium unit (or other property) for a specified time period each year. - CORRECT
ANSWER - Timeshare
An up-front fee paid to the lender in exchange for a reduced interest rate is referred to as -
CORRECT ANSWER - Discount Points
both parties agree to the terms of the contract - CORRECT ANSWER - Bilateral Contract
, broker associates and sales associates must have their licenses issued in their ___________ -
CORRECT ANSWER - legal names
broker's written opinion of the value of real property - CORRECT ANSWER - broker's price
opinion (BPO)
Brokers are required to retain copies of all disclosure documents for transactions that have
resulted in a contract being entered into for a period of at least ______ years. - CORRECT
ANSWER - 5 years
Brokers must notify FREC of conflicting demands within - CORRECT ANSWER - 15 business
days
Brokers must place trust funds into their escrow account no later than the end of the _________
after their sales associate received it - CORRECT ANSWER - 3rd business day
Channeling prospective buyers or tenants to particular neighborhoods based upon their race,
religion, national origin, or ancestry. - CORRECT ANSWER - Steering
clause in a deed that defines or limits the type of interest being conveyed - CORRECT ANSWER
- Habendum Clause
clause in a mortgage that ensures that the mortgage cannot be foreclosed so long as all payments
are current and other conditions are fulfilled - CORRECT ANSWER - Defeasance Clause
Co-ownership of property in which each party owns an undivided interest that passes to his or
her heirs at death. - CORRECT ANSWER - Tenancy in Common
collecting a fee for inaccurate and out if date rental information is a misdemeanor of the
__________ - CORRECT ANSWER - first degree
WITH ACCURATE ANSWERS|EXPERT VERIFIED FOR
GUARANTEED PASS|LATEST VERSION
A person who brings together the user of capital (borrower) and the supplier of capital (lender).
For this service, a finder's fee is usually paid by the borrower. - CORRECT ANSWER -
Mortgage Broker
A person who receives a conveyance of real property from a grantor. - CORRECT ANSWER -
Grantee
A physical object intruding onto neighboring property, often due to a mistake regarding the
boundary. - CORRECT ANSWER - encroachment
A process by which banks draw lines on a map and refuse to lend money to purchase or improve
property within the boundaries. - CORRECT ANSWER - Redlining
A property holder who does not reside on the property and who usually relies on a property
manager to supervise the investment. - CORRECT ANSWER - Absentee Owner
a property that has been homesteaded - CORRECT ANSWER - Exempt Property
A provision in a deed containing a covenant or warranty to perform any further acts the grantee
(buyer) might require to perfect title to the property. - CORRECT ANSWER - Further assurance
A right granted a sales associate or broker associate to work various properties owned by
affiliated entities under one owner developer. - CORRECT ANSWER - Group license
A state statute under which certain types of contracts must be in writing to be enforceable. -
CORRECT ANSWER - Statute of Frauds
,a tenancy granted by landlords to tenants allowing them to remain in possession without written
agreement - CORRECT ANSWER - Tenancy at Will
A tenant continued to occupy the premises following expiration of the lease. The tenant
continued to pay monthly rent to the landlord - CORRECT ANSWER - Tenant at Sufferance
A written agreement to gain the principal's permission to a change in brokerage relationship. -
CORRECT ANSWER - consent to transition
additional land resulting from the gradual receding of water that now belongs to the property
owner - CORRECT ANSWER - Reliction
agreement between 2 states that allow a real estate licensee with a valid license in one of the
states to practice real estate in both states, military personelle get this - CORRECT ANSWER -
Reciprocity
all realtors must be members of: - CORRECT ANSWER - NAR
amount paid for real estate less its value; the excess is this: - CORRECT ANSWER - Goodwill
an account where money is held in trust until it can be delivered to a designated party -
CORRECT ANSWER - escrow account
An act of corruption, vileness, or moral depravity; a disgraceful action or deed. - CORRECT
ANSWER - moral turpitude
An advertisement of a principal's property providing only a telephone number, a post office box,
and/or an address without the licensed name of the brokerage firm. - CORRECT ANSWER -
Blind advertisement
,An agreement between an owner and many brokers. If a broker produces a ready willing, and
able buyer, a commission is due. However, the owner still has the right to sell his/her property
and is not obligated to pay a commission to anyone. - CORRECT ANSWER - Open Listing
an amendment that caps how much the assessed value of homesteaded property may increase
each year - CORRECT ANSWER - Save Our Home Amendment
An area a real estate professional often specializes in one particular geographic area or property
type. - CORRECT ANSWER - Farm area
an independent special district authorized by statute to issue bonds to raise funds to construct
infrastructure for a residential development - CORRECT ANSWER - community development
district (CDD)
An interest in real or personal property that is limited in duration to the lifetime of its owner or
some other designated person or persons. - CORRECT ANSWER - Life Estate
An outline of the charges against a licensee that must be answered within the statutory time limit.
- CORRECT ANSWER - formal complaint
An owner's use of land that causes damage or inconvenience to the general public. - CORRECT
ANSWER - Public Nuisance
An ownership arrangement in which co-owners each have an exclusive right to use a
condominium unit (or other property) for a specified time period each year. - CORRECT
ANSWER - Timeshare
An up-front fee paid to the lender in exchange for a reduced interest rate is referred to as -
CORRECT ANSWER - Discount Points
both parties agree to the terms of the contract - CORRECT ANSWER - Bilateral Contract
, broker associates and sales associates must have their licenses issued in their ___________ -
CORRECT ANSWER - legal names
broker's written opinion of the value of real property - CORRECT ANSWER - broker's price
opinion (BPO)
Brokers are required to retain copies of all disclosure documents for transactions that have
resulted in a contract being entered into for a period of at least ______ years. - CORRECT
ANSWER - 5 years
Brokers must notify FREC of conflicting demands within - CORRECT ANSWER - 15 business
days
Brokers must place trust funds into their escrow account no later than the end of the _________
after their sales associate received it - CORRECT ANSWER - 3rd business day
Channeling prospective buyers or tenants to particular neighborhoods based upon their race,
religion, national origin, or ancestry. - CORRECT ANSWER - Steering
clause in a deed that defines or limits the type of interest being conveyed - CORRECT ANSWER
- Habendum Clause
clause in a mortgage that ensures that the mortgage cannot be foreclosed so long as all payments
are current and other conditions are fulfilled - CORRECT ANSWER - Defeasance Clause
Co-ownership of property in which each party owns an undivided interest that passes to his or
her heirs at death. - CORRECT ANSWER - Tenancy in Common
collecting a fee for inaccurate and out if date rental information is a misdemeanor of the
__________ - CORRECT ANSWER - first degree
