REAL ESTATE SALESPERSON EXAM
2025 QUESTIONS & UPDATED
ANSWERS ALL PASSED
What is the difference between the market value of your home. And the amount you
owe the lender who holds the mortgage? - CORRECT ANSWER A. Appreciation
B. Variance
C. Proration
D. Equity
Answer: Equity
Local zoning ordinances often regulate all of the following except - CORRECT
ANSWER A. Density of population
B. Market value of property
C.Hight of buildings in an area.
D. Appropriate uses for the buildings.
Answer: Market value of property
Who or what determines the amount of earnest money deposit? - CORRECT ANSWER
A. The agreement between the parties
B. The.state real estate licensing statutes
C. The broker's or agent's preference on the matter
D. The minimum percentage via the sales tax comparison formula (purchase price
divided by state tax rate).
Answer: The agreement between the parties
What situation is legal under the Federal Fair Housing Act of 1968? - CORRECT
ANSWER A. The insistence of a widowed woman on renting her spare bedroom only to
another woman.
B. The intentional neglect of with holding certain property's to your clients to buy for
yourself.
C. The refusal of a property manager to rent an apartment to a Catholic couple who are
otherwise qualified.
D. The ability to buy a property with the intent to resell it to your mother in law for double
the price.
Answer: The insistence of a widowed woman on renting her spare bedroom only to
another woman.
,Mrs. Jane lives in a small residential neighborhood. 100-year-old trees surround her
home, and her neighbor Mr. Joe flames the trees are on his property and is planning to
cut them down. Mrs. Jane tries to reason with Mr. Joe, but he refuses to listen. Mrs.
Jane files a lawsuit that includes a court order for Mr. Joe to stop his actions until they
can work something out. What type of court order is this? - CORRECT ANSWER A. A
temporary protective order
B. An authorized dispute order
C. An injunction
D. An easement
Answer: An injunction
The amount borrowed is called the: - CORRECT ANSWER A. Interest amount
B. Principal amount
C. Escrow amount
D. Origin amount
Answer: Principal amount
What is Ginnie Mae's primary responsibility? - CORRECT ANSWER A. To create FHA
and VA loans.
B. To guarantee the security of loans
C. To maintain an active secondary market for mortgages
D. To manage and liquidate previously acquired mortgages
Answer: To guarantee the security of loans.
In the case of a standard tax lien who get paid first? - CORRECT ANSWER A. The
homeowner
B. The buyer/seller
C. The commission
D. The government
Answer: the government
Which of the following laws prohibits discrimination in the buying, selling, renting, or
financing of housing? These laws prohibit discrimination based on race , religion,color,
sex, disability, children, nationality and more. - CORRECT ANSWER A. The Fair
Housing Act
B. The Equal Credit Opportunity Act (ECOA)
C. The Civil Rights Act of 1866 & 1964
D. The Smart opportunity and Housing Act
Answer: The Fair Housing Act
, The regal estate contract clause that almost always begins with the words " to have and
to hold ". - CORRECT ANSWER A. Alienation Clause
B. Habendum Clause
C. Acceleration Clause
D. Prepayment Penalty Clause
Answer: Habendum Clause
What act amended the comprehensive environmental response, compensation, and
liability act ( also known as CERCLA )? - CORRECT ANSWER A. SARA
B. SDWA
C. CWA
D. EPA
Answer: (SARA) The Superfund Amendment and Re-authorization Act of 1986
What party usually pays the loan origination fee on a Federal Housing Administration
(FHA) loan? - CORRECT ANSWER A. The bank
B. The broker
C. The borrower
D. The real estate agent
Answer: the borrower
Real property can be converted to personal property by - CORRECT ANSWER A.
Inference
B. Severance
C. Accession
D.Changement
Answer: Severance
In order for a month-to-month tendency to be legally valid which of the following MUST
the contract include? - CORRECT ANSWER A. Oral or written consent
B. Offer and acceptance
C. Consideration
D. All of the following
Answer: All of the following
An elderly man in a nursing home, has no family and is suffering from Alzheimer's.
Because of his Alzheimer's, he doesn't remember much. Eventually, he passes away in
his sleep. There is no will for the man, and again he has no family. So what happens to
the money left in his savings account and his old farm that has been left untouched
since he entered the nursing home? - CORRECT ANSWER A. Escheat
B. Eminent Domain
2025 QUESTIONS & UPDATED
ANSWERS ALL PASSED
What is the difference between the market value of your home. And the amount you
owe the lender who holds the mortgage? - CORRECT ANSWER A. Appreciation
B. Variance
C. Proration
D. Equity
Answer: Equity
Local zoning ordinances often regulate all of the following except - CORRECT
ANSWER A. Density of population
B. Market value of property
C.Hight of buildings in an area.
D. Appropriate uses for the buildings.
Answer: Market value of property
Who or what determines the amount of earnest money deposit? - CORRECT ANSWER
A. The agreement between the parties
B. The.state real estate licensing statutes
C. The broker's or agent's preference on the matter
D. The minimum percentage via the sales tax comparison formula (purchase price
divided by state tax rate).
Answer: The agreement between the parties
What situation is legal under the Federal Fair Housing Act of 1968? - CORRECT
ANSWER A. The insistence of a widowed woman on renting her spare bedroom only to
another woman.
B. The intentional neglect of with holding certain property's to your clients to buy for
yourself.
C. The refusal of a property manager to rent an apartment to a Catholic couple who are
otherwise qualified.
D. The ability to buy a property with the intent to resell it to your mother in law for double
the price.
Answer: The insistence of a widowed woman on renting her spare bedroom only to
another woman.
,Mrs. Jane lives in a small residential neighborhood. 100-year-old trees surround her
home, and her neighbor Mr. Joe flames the trees are on his property and is planning to
cut them down. Mrs. Jane tries to reason with Mr. Joe, but he refuses to listen. Mrs.
Jane files a lawsuit that includes a court order for Mr. Joe to stop his actions until they
can work something out. What type of court order is this? - CORRECT ANSWER A. A
temporary protective order
B. An authorized dispute order
C. An injunction
D. An easement
Answer: An injunction
The amount borrowed is called the: - CORRECT ANSWER A. Interest amount
B. Principal amount
C. Escrow amount
D. Origin amount
Answer: Principal amount
What is Ginnie Mae's primary responsibility? - CORRECT ANSWER A. To create FHA
and VA loans.
B. To guarantee the security of loans
C. To maintain an active secondary market for mortgages
D. To manage and liquidate previously acquired mortgages
Answer: To guarantee the security of loans.
In the case of a standard tax lien who get paid first? - CORRECT ANSWER A. The
homeowner
B. The buyer/seller
C. The commission
D. The government
Answer: the government
Which of the following laws prohibits discrimination in the buying, selling, renting, or
financing of housing? These laws prohibit discrimination based on race , religion,color,
sex, disability, children, nationality and more. - CORRECT ANSWER A. The Fair
Housing Act
B. The Equal Credit Opportunity Act (ECOA)
C. The Civil Rights Act of 1866 & 1964
D. The Smart opportunity and Housing Act
Answer: The Fair Housing Act
, The regal estate contract clause that almost always begins with the words " to have and
to hold ". - CORRECT ANSWER A. Alienation Clause
B. Habendum Clause
C. Acceleration Clause
D. Prepayment Penalty Clause
Answer: Habendum Clause
What act amended the comprehensive environmental response, compensation, and
liability act ( also known as CERCLA )? - CORRECT ANSWER A. SARA
B. SDWA
C. CWA
D. EPA
Answer: (SARA) The Superfund Amendment and Re-authorization Act of 1986
What party usually pays the loan origination fee on a Federal Housing Administration
(FHA) loan? - CORRECT ANSWER A. The bank
B. The broker
C. The borrower
D. The real estate agent
Answer: the borrower
Real property can be converted to personal property by - CORRECT ANSWER A.
Inference
B. Severance
C. Accession
D.Changement
Answer: Severance
In order for a month-to-month tendency to be legally valid which of the following MUST
the contract include? - CORRECT ANSWER A. Oral or written consent
B. Offer and acceptance
C. Consideration
D. All of the following
Answer: All of the following
An elderly man in a nursing home, has no family and is suffering from Alzheimer's.
Because of his Alzheimer's, he doesn't remember much. Eventually, he passes away in
his sleep. There is no will for the man, and again he has no family. So what happens to
the money left in his savings account and his old farm that has been left untouched
since he entered the nursing home? - CORRECT ANSWER A. Escheat
B. Eminent Domain
