PEARSON VUE ACTUAL EXAM REVIEW 120 QUESTIONS
AND CORRECT ANSWERS COVERING THE MOST TESTED
QUESTIONS GUARANTEE OVER 85% PASSMARK
In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of
agency to state ONLY those terms that are
a. included in the listing agreement
b. based on the brokers evaluation of prevailing prices and terms
c. favorable for the seller, as determined by the broker
d. attractive to buyers, as determined by the broker - correct answer -a. included in the listing
agreement
a lot measuring 110 feet wide by 140 feet deep has a required setback of 30 feet in front, 20 feet in the
rear, and 20 feet on each side. if a builder wants to put a one-story building on the lot, the MAXIMUM
square footage it can contain is
a. 3,300 sq ft
b. 3,600 sq ft
c. 6,300 sq ft
d. 6,600 sq ft - correct answer -c. 6,300 sq ft
which of the following documents is usually prepared when a real estate buyer also purchases a seller's
riding lawn mower
a. an option
b. a wraparound loan
c. a conditional sales contract
d. a bill of sale - correct answer -d. a bill of sale
the difference between the value of a property and the total amount of liens against it is known as
a. market value
b. equity
c. actual cash value
,d. collateral - correct answer -b. equity
which of the following actions is an example of blockbusting
a. telling homeowners that a neighborhood will have a new golf course
b. advertising a neighborhood party where alcohol will be served
c. making sales calls to neighbors who are on the Do Not Call list
d. stating that the presence of certain persons in a neighborhood will increase crime - correct answer -
d. stating that the presence of certain persons in a neighborhood will increase crime
A lender's title policy will protect the:
a. lender against default in loan payments
b. borrower against default in loan payments
c.. lender against existing, undiscovered title defects
d. borrower against unrecorded liens - correct answer -c. lender against existing, undiscovered title
defects
which of the following BEST describes personal property that, by its attachment to real property, is
regarded as real estate
a. emblements
b. personality
c. fixtures
d. appliances - correct answer -c. fixtures
which of the following credit terms may be included in an advertisement for real estate without further
disclosure?
a. "8% annual percentage rate"
b. "5 years to repay"
c. "$5,000 down payment
d. "$300 monthly payment" - correct answer -a. "8% annual percentage rate"
, when a contract states that "time is of the essence," the contract MUST be delivered and presented
a. within 24 hours
b. within 48 hours
c. electronically
d. as soon as possible - correct answer -D. ASAP
which of the following clauses in a conventional mortgage instrument entitles the lender to accelerate
the loan if the loan is assumed
A. prepayment
b. right-to-sell
c. due-on-sale
d. variable interest rate - correct answer -c. due-on-sale
a seller has delinquent property taxes of $572. at closing, the taxes will be a
a. debit to the seller $572
b. debit to the buyer $572
c. credit to the seller $572
d. credit to the buyer $572 - correct answer -a. debit to the seller $572
an apartment project with 160 units has 8 vancancies. the vacancy rate is:
a. 5%
b.8%
c 92%
d. 95% - correct answer -a 5%
to be certain that a property has no encroachments, an appraiser should check a
a. survey
b. deed
c. field book
AND CORRECT ANSWERS COVERING THE MOST TESTED
QUESTIONS GUARANTEE OVER 85% PASSMARK
In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of
agency to state ONLY those terms that are
a. included in the listing agreement
b. based on the brokers evaluation of prevailing prices and terms
c. favorable for the seller, as determined by the broker
d. attractive to buyers, as determined by the broker - correct answer -a. included in the listing
agreement
a lot measuring 110 feet wide by 140 feet deep has a required setback of 30 feet in front, 20 feet in the
rear, and 20 feet on each side. if a builder wants to put a one-story building on the lot, the MAXIMUM
square footage it can contain is
a. 3,300 sq ft
b. 3,600 sq ft
c. 6,300 sq ft
d. 6,600 sq ft - correct answer -c. 6,300 sq ft
which of the following documents is usually prepared when a real estate buyer also purchases a seller's
riding lawn mower
a. an option
b. a wraparound loan
c. a conditional sales contract
d. a bill of sale - correct answer -d. a bill of sale
the difference between the value of a property and the total amount of liens against it is known as
a. market value
b. equity
c. actual cash value
,d. collateral - correct answer -b. equity
which of the following actions is an example of blockbusting
a. telling homeowners that a neighborhood will have a new golf course
b. advertising a neighborhood party where alcohol will be served
c. making sales calls to neighbors who are on the Do Not Call list
d. stating that the presence of certain persons in a neighborhood will increase crime - correct answer -
d. stating that the presence of certain persons in a neighborhood will increase crime
A lender's title policy will protect the:
a. lender against default in loan payments
b. borrower against default in loan payments
c.. lender against existing, undiscovered title defects
d. borrower against unrecorded liens - correct answer -c. lender against existing, undiscovered title
defects
which of the following BEST describes personal property that, by its attachment to real property, is
regarded as real estate
a. emblements
b. personality
c. fixtures
d. appliances - correct answer -c. fixtures
which of the following credit terms may be included in an advertisement for real estate without further
disclosure?
a. "8% annual percentage rate"
b. "5 years to repay"
c. "$5,000 down payment
d. "$300 monthly payment" - correct answer -a. "8% annual percentage rate"
, when a contract states that "time is of the essence," the contract MUST be delivered and presented
a. within 24 hours
b. within 48 hours
c. electronically
d. as soon as possible - correct answer -D. ASAP
which of the following clauses in a conventional mortgage instrument entitles the lender to accelerate
the loan if the loan is assumed
A. prepayment
b. right-to-sell
c. due-on-sale
d. variable interest rate - correct answer -c. due-on-sale
a seller has delinquent property taxes of $572. at closing, the taxes will be a
a. debit to the seller $572
b. debit to the buyer $572
c. credit to the seller $572
d. credit to the buyer $572 - correct answer -a. debit to the seller $572
an apartment project with 160 units has 8 vancancies. the vacancy rate is:
a. 5%
b.8%
c 92%
d. 95% - correct answer -a 5%
to be certain that a property has no encroachments, an appraiser should check a
a. survey
b. deed
c. field book
