45 HOUR POST LICENSE REAL ESTATE EXAM 2025 |
ALL 100 QUESTIONS AND WELL DETAILED ANSWERS
WITH RATIONALES | ALREADY GRADED A+ | LATEST
UPDATE 2025/26
A married couple have prequalified for a $240,000 conventional mortgage. If they put
20% down, they can buy a house for -CORRECT ANSWER $300,000
What facts need not be disclosed in a real estate transaction? -CORRECT ANSWER
The property was the site of a homicide.
What is a good graphic to show a seller that there will be more activity if the property is
competitively priced? -CORRECT ANSWER The pricing pyramid
A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee is
$18,630. Prorations for taxes and interest are $5,036. The mortgage payoff is $181,500.
What are the seller's proceeds from the sale? -CORRECT ANSWER $100,534
Filing a suit to quiet title is used when -CORRECT ANSWER a title defect is found,
which is difficult to remove by ordinary means.
What are the benefits of restrictive covenants? -CORRECT ANSWER Maintain and
enhance value
, What's the downside for a principal who has a single agent? -CORRECT ANSWER
Responsible for the single agent's acts
What is the likely cause of a contract for sale of real estate being ruled as
unenforceable? -CORRECT ANSWER Unwritten agreement
Aside from a property's location, what is the most important factor that influences
market value? -CORRECT ANSWER Highest and best use
The margin is -CORRECT ANSWER the percentage added to the index of an
adjustable-rate mortgage that results in the calculated rate.
A home sells for $370,000. The mortgage payoff is $262,500. What is the seller's
equity? -CORRECT ANSWER $107,500
How often do mortgage loan originators need to have a criminal background check? -
CORRECT ANSWER Every year
A written listing agreement with a self-renewing clause -CORRECT ANSWER is void.
When you explain the pricing process during a listing presentation, you would NOT
ordinarily discuss -CORRECT ANSWER the process of closing a sale.
ALL 100 QUESTIONS AND WELL DETAILED ANSWERS
WITH RATIONALES | ALREADY GRADED A+ | LATEST
UPDATE 2025/26
A married couple have prequalified for a $240,000 conventional mortgage. If they put
20% down, they can buy a house for -CORRECT ANSWER $300,000
What facts need not be disclosed in a real estate transaction? -CORRECT ANSWER
The property was the site of a homicide.
What is a good graphic to show a seller that there will be more activity if the property is
competitively priced? -CORRECT ANSWER The pricing pyramid
A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee is
$18,630. Prorations for taxes and interest are $5,036. The mortgage payoff is $181,500.
What are the seller's proceeds from the sale? -CORRECT ANSWER $100,534
Filing a suit to quiet title is used when -CORRECT ANSWER a title defect is found,
which is difficult to remove by ordinary means.
What are the benefits of restrictive covenants? -CORRECT ANSWER Maintain and
enhance value
, What's the downside for a principal who has a single agent? -CORRECT ANSWER
Responsible for the single agent's acts
What is the likely cause of a contract for sale of real estate being ruled as
unenforceable? -CORRECT ANSWER Unwritten agreement
Aside from a property's location, what is the most important factor that influences
market value? -CORRECT ANSWER Highest and best use
The margin is -CORRECT ANSWER the percentage added to the index of an
adjustable-rate mortgage that results in the calculated rate.
A home sells for $370,000. The mortgage payoff is $262,500. What is the seller's
equity? -CORRECT ANSWER $107,500
How often do mortgage loan originators need to have a criminal background check? -
CORRECT ANSWER Every year
A written listing agreement with a self-renewing clause -CORRECT ANSWER is void.
When you explain the pricing process during a listing presentation, you would NOT
ordinarily discuss -CORRECT ANSWER the process of closing a sale.
