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PEARSON VUE PROPERTY INSURANCE EXAM
UPDATED 2025-2026 WITH ALL NEW
QUESTIONS AND EXACTLY RIGHT ANSWERS |
A+ QUALITY GUARANTEE
1. a broker charges a leasing fee of one-half of the first months rent and a
management fee of 8% of all rents collected. the broker negotiates a two-year lease
at a monthly rental of $550. which of the following amounts will the broker earn
on this lease
a. $1,378
b $1,331
c. $1,287
d. $1,056
- ANSWER: : B. $1,331
2. a property manager works in the BEST interests of the
a. tenant
b. owner
c. agent
d. bank
- ANSWER: : B. owner
3. in reviewing the deed to a listed property, a licensee noted a number of
limitations regarding its use. these limitations aare commonly known as:
A. Codicils
B. constraints
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C. building codes
D. restricted covenants
- ANSWER: : D. Restricted covenants
4. the price at which a willing and informed buyer would buy and a willing and
informed seller would sell is called the
a. assessed value
b. book value
c. income approach to value
d. market value
- ANSWER: : D. market value
5. the income approach is MOST likely to be used when determining the value
of a
A. vacant residential lot
b. office building
c. single-family home
d. cooperative apartment
- ANSWER: : B. office building
6. the G's purchased a house from the T's. the G's agreed to the following
terms: monthly payments of $650 to the T's and the balance to be paid in full after
7 years. at the time the balance is paid, the T's will give the G's a warranty deed
transferring title. in this situation, what type of financing was used
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a. fha loan
b. wrap around mortgage
c. package mortgage
d. contract for deed
- ANSWER: : D. contract for deed
7. 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
- ANSWER: : A. included in the listing agreement
8. 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
- ANSWER: : C. 6,300 sq ft
PEARSON VUE PROPERTY INSURANCE EXAM
UPDATED 2025-2026 WITH ALL NEW
QUESTIONS AND EXACTLY RIGHT ANSWERS |
A+ QUALITY GUARANTEE
1. a broker charges a leasing fee of one-half of the first months rent and a
management fee of 8% of all rents collected. the broker negotiates a two-year lease
at a monthly rental of $550. which of the following amounts will the broker earn
on this lease
a. $1,378
b $1,331
c. $1,287
d. $1,056
- ANSWER: : B. $1,331
2. a property manager works in the BEST interests of the
a. tenant
b. owner
c. agent
d. bank
- ANSWER: : B. owner
3. in reviewing the deed to a listed property, a licensee noted a number of
limitations regarding its use. these limitations aare commonly known as:
A. Codicils
B. constraints
,2|Page
C. building codes
D. restricted covenants
- ANSWER: : D. Restricted covenants
4. the price at which a willing and informed buyer would buy and a willing and
informed seller would sell is called the
a. assessed value
b. book value
c. income approach to value
d. market value
- ANSWER: : D. market value
5. the income approach is MOST likely to be used when determining the value
of a
A. vacant residential lot
b. office building
c. single-family home
d. cooperative apartment
- ANSWER: : B. office building
6. the G's purchased a house from the T's. the G's agreed to the following
terms: monthly payments of $650 to the T's and the balance to be paid in full after
7 years. at the time the balance is paid, the T's will give the G's a warranty deed
transferring title. in this situation, what type of financing was used
, 3|Page
a. fha loan
b. wrap around mortgage
c. package mortgage
d. contract for deed
- ANSWER: : D. contract for deed
7. 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
- ANSWER: : A. included in the listing agreement
8. 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
- ANSWER: : C. 6,300 sq ft
