REAL ESTATE PRINCIPLES COMPREHENSIVE EXAM
2025/2026 QUESTIONS WITH ANSWERS RATED A+
✔✔750 - ✔✔A seller needs to replace the siding on one end of his house. Assuming no
waste, how many square feet of siding will be needed to cover the wall which is 30 feet
wide and 25 feet tall?
✔✔277.88 - ✔✔The house at 915 Oak is valued at $195,000. The local tax rate is $1.71
per $100. How much are the monthly taxes?
✔✔$1008.00 - ✔✔If a house is valued at $300,000, excluding the lot, and its contents
are valued at $60,000, what is the annual insurance premium if the rate is 28 cents per
hundred dollars on the total of the two?
✔✔$92,896.17 - ✔✔If a seller demands $85,000 net on a sale, what must the property
sell for if the total costs of sale amount to 8.5% of the sales price?
✔✔50,000. - ✔✔If the broker's 5% commission is $2,500, the total sales price of the
property was:
✔✔89.3 % - ✔✔What percent was lent (the LTV) for a property that sold for $140,000
and has a
$125,000 loan?
✔✔8 1/4% - ✔✔If the borrower paid $189.06 interest last month on a $27,500 loan,
what is the interest rate?
✔✔$9,000 - ✔✔A house sells for $180,000 and the broker is to receive a 5%
commission. The broker's commission is
✔✔27% - ✔✔Four friends purchased a commercial building for $350,000. The first one
invested $80,000, the second and third each invested $87,500. What percentage of
owner ship did the fourth person have?
✔✔$131,400 - ✔✔A buyer offers $26,280 for a 20 percent interest in a commercial
property. What is the total value of the property?
✔✔$832.96 - ✔✔What is the amount of interest in the second monthly payment on a
$100,000 loan at 10% to be repaid over 30 years with monthly P&I payments of $878?
✔✔5.8 percent - ✔✔A small office building sold for $949,000 and the broker received a
commission of $54,990. What was the broker's commission rate?
, ✔✔$77.90 - ✔✔A buyer is assuming the balance of a seller's 8% interest loan. The last
monthly payment on April 1 was in the amount of $578.16 leaving an outstanding
balance $18,450. How much interest will the seller pay if he closes on April 19 using a
statutory year and prorating through the day of closing?
✔✔2.50% - ✔✔If a house listed for $200,000 and sold for $195,000, what was the
percentage of reduction in price?
✔✔$2,550.00 - ✔✔How much would be collected at closing for loan fees if the sales
price is $100,000 and the buyer obtains an 85% loan with an origination fee of 1% and a
loan discount of 2 points?
✔✔10% - ✔✔If a lot was purchased for $20,000 and sold for $18,000, the percent of
loss is
✔✔$8,050.00 - ✔✔If a residence is valued at $287,500, what are the annual taxes with
a tax rate of $2.80 per $100 of assessed valuation?
✔✔$13,000 - ✔✔A lease calls for $1,000 per month minimum plus 2 percent of annual
sales in excess of $100,000. What is the annual rent if the annual sales were $150,000?
✔✔spot zoning - ✔✔Allowing a use, different from the designated zoning use, that is in
the
public interest is a (an):
✔✔The 14th Amendment - ✔✔Which amendment to the U.S. Constitution allows
governments to enforce controls over the use of privately held land?
✔✔Commercial - ✔✔A real estate agent who is most interested in working with the
owners of shopping centers or large office complexes might work in which
specialization:
✔✔Zoning ordinances: - ✔✔can be passed by cities because of the state enabling acts
✔✔Nonconforming use - ✔✔A city has rezoned an area from commercial to residential.
The owner of a small restaurant is able to keep the restaurant open until it is sold based
on which of the following zoning theories?
✔✔the interest. - ✔✔In an amortized loan, the initial payments are applied mainly to:
✔✔Rental locator - ✔✔Which of the following real estate specializations matches
landlords and tenants:
2025/2026 QUESTIONS WITH ANSWERS RATED A+
✔✔750 - ✔✔A seller needs to replace the siding on one end of his house. Assuming no
waste, how many square feet of siding will be needed to cover the wall which is 30 feet
wide and 25 feet tall?
✔✔277.88 - ✔✔The house at 915 Oak is valued at $195,000. The local tax rate is $1.71
per $100. How much are the monthly taxes?
✔✔$1008.00 - ✔✔If a house is valued at $300,000, excluding the lot, and its contents
are valued at $60,000, what is the annual insurance premium if the rate is 28 cents per
hundred dollars on the total of the two?
✔✔$92,896.17 - ✔✔If a seller demands $85,000 net on a sale, what must the property
sell for if the total costs of sale amount to 8.5% of the sales price?
✔✔50,000. - ✔✔If the broker's 5% commission is $2,500, the total sales price of the
property was:
✔✔89.3 % - ✔✔What percent was lent (the LTV) for a property that sold for $140,000
and has a
$125,000 loan?
✔✔8 1/4% - ✔✔If the borrower paid $189.06 interest last month on a $27,500 loan,
what is the interest rate?
✔✔$9,000 - ✔✔A house sells for $180,000 and the broker is to receive a 5%
commission. The broker's commission is
✔✔27% - ✔✔Four friends purchased a commercial building for $350,000. The first one
invested $80,000, the second and third each invested $87,500. What percentage of
owner ship did the fourth person have?
✔✔$131,400 - ✔✔A buyer offers $26,280 for a 20 percent interest in a commercial
property. What is the total value of the property?
✔✔$832.96 - ✔✔What is the amount of interest in the second monthly payment on a
$100,000 loan at 10% to be repaid over 30 years with monthly P&I payments of $878?
✔✔5.8 percent - ✔✔A small office building sold for $949,000 and the broker received a
commission of $54,990. What was the broker's commission rate?
, ✔✔$77.90 - ✔✔A buyer is assuming the balance of a seller's 8% interest loan. The last
monthly payment on April 1 was in the amount of $578.16 leaving an outstanding
balance $18,450. How much interest will the seller pay if he closes on April 19 using a
statutory year and prorating through the day of closing?
✔✔2.50% - ✔✔If a house listed for $200,000 and sold for $195,000, what was the
percentage of reduction in price?
✔✔$2,550.00 - ✔✔How much would be collected at closing for loan fees if the sales
price is $100,000 and the buyer obtains an 85% loan with an origination fee of 1% and a
loan discount of 2 points?
✔✔10% - ✔✔If a lot was purchased for $20,000 and sold for $18,000, the percent of
loss is
✔✔$8,050.00 - ✔✔If a residence is valued at $287,500, what are the annual taxes with
a tax rate of $2.80 per $100 of assessed valuation?
✔✔$13,000 - ✔✔A lease calls for $1,000 per month minimum plus 2 percent of annual
sales in excess of $100,000. What is the annual rent if the annual sales were $150,000?
✔✔spot zoning - ✔✔Allowing a use, different from the designated zoning use, that is in
the
public interest is a (an):
✔✔The 14th Amendment - ✔✔Which amendment to the U.S. Constitution allows
governments to enforce controls over the use of privately held land?
✔✔Commercial - ✔✔A real estate agent who is most interested in working with the
owners of shopping centers or large office complexes might work in which
specialization:
✔✔Zoning ordinances: - ✔✔can be passed by cities because of the state enabling acts
✔✔Nonconforming use - ✔✔A city has rezoned an area from commercial to residential.
The owner of a small restaurant is able to keep the restaurant open until it is sold based
on which of the following zoning theories?
✔✔the interest. - ✔✔In an amortized loan, the initial payments are applied mainly to:
✔✔Rental locator - ✔✔Which of the following real estate specializations matches
landlords and tenants:
