PAPER 2026 QUESTIONS WITH 100%
CORRECT ANSWERS ALREADY PASSED
◉ Which of the following items would have to be disclosed to
prospective buyers by the listing broker? Answer: A defect existing
in the property being offered.
◉ Under a sales contract, the legal remedy that MAY be used to force
the seller to consummate the sale is called? Answer: Specific
Performance
◉ A homeowner who plans to travel for a year asks a real estate firm
to rent the house for this period and indicates a preference for a
white family rather than a black family, "if at all possible." Under the
Federal Fair Housing Act, the broker should inform that these
instructions? Answer: Can't be followed because they violate the act
◉ Items permanently attached to real property are considered?
Answer: Fixtures
◉ The income approach is most likely to be used when determining
the value of an? Answer: Office building
, ◉ A property manager works in the best interest of the? Answer:
Owner
◉ An agreement that restricts the use and occupancy of real estate,
is part of a conveyance, and is binding on all subsequent buyers is
called? Answer: Covenant
◉ When a married couple takes title to a property as tenants in
common, they have elected a form of ownership that allows for?
Answer: Unequal shares of Ownership
◉ A loan that provides for increases and decreases in the interest
rate during its term is known as? Answer: An ARM, adjustable-rate
mortgage
◉ A minority couple asks a licensee to show them a listed house.
The licensee suggests that they look at houses in areas with larger
minority populations than that of the listed house. What is the
licensee guilty of? Answer: Steering
◉ In a real estate closing, the buyer generally pays for the? Answer:
recording of a new mortgage