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Perry Real Estate College Final Exam Newest 2026
Actual Verified Exam Complete Questions And Correct
Answers(Verified Answers)|Already Graded
A+||Newest Exam!!
all of the following are essential to the formation of a
contract EXCEPT
-performance
-consideration
-offer
-acceptance - ANSWER-performance
Broker Janna was accused of violating antitrust laws. Of
the following, she was MOST likely accused of
-not having an equal housing opportunity sign in her office
window
-dealing in unlicensed exchange services
-price fixing
-undisclosed dual agencies - ANSWER-price fixing
Under license laws, real estate advertising must contain
which of the following?
-company's address
-listing agent's name
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-company's telephone number
-company name or principal broker's name - ANSWER-
Company name or principal broker's name
A property owner contracted to have a swimming pool
installed on her property. When the pool was completed,
she refused to pay for the improvement, and the
contractor filed a lien for nonpayment. This lien was most
likely a
-specific lien
-general lien
-special lien
-voluntary lien - ANSWER-specific lien
Charging more interest than is legally allowed is known as
-usury
-a deficiency
-escheat
-an estoppel - ANSWER-usury
A third party holds title to property on behalf of someone
else through the use of a
-devise
,3|Page
-deed in trust
-bequest
-quitclaim deed - ANSWER-deed in trust
Broker Kenneth arrives to present a purchase offer to
Dorita, an invalid, and finds her son and his wife also
present. In the presence of Broker Kenneth, both
individuals persistently urge Dorita to accept the offer,
even though it is much lower than the price she has been
asking for her home. If Dorita accepts the offer, she may
later claim that - ANSWER-she was under duress from her
son and daughter-in-law, and therefore, the contract is
voidable
All of the following are true about radon EXCEPT
-modern construction reduces the potential for radon gas
accumulation
-it is colorless, odorless, and tasteless
-radon levels will vary in certain weather conditions
-levels can be reduced by installing ventilation systems -
ANSWER-modern construction reduces the potential for
radon gas accumulation
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If a licensee fails to renew his or her license on time, the
license is
-expired
-revoked
-canceled
-none of the above - ANSWER-canceled
A mortgage broker generally offers which of the following
services?
-granting real estate loans using investor funds
-handling the escrow procedures
-providing credit qualifications and evaluation reports
-bringing the borrower and the lender together - ANSWER-
bringing the borrower and the lender together
The Real Estate Settlement Procedures Act (RESPA)
applies in a loan assumption if the
-terms of the assumed loan are modified by the lender
-lender charges less than $50 for the assumption
-buyer must be approved by the lender for the assumption
to occur
Perry Real Estate College Final Exam Newest 2026
Actual Verified Exam Complete Questions And Correct
Answers(Verified Answers)|Already Graded
A+||Newest Exam!!
all of the following are essential to the formation of a
contract EXCEPT
-performance
-consideration
-offer
-acceptance - ANSWER-performance
Broker Janna was accused of violating antitrust laws. Of
the following, she was MOST likely accused of
-not having an equal housing opportunity sign in her office
window
-dealing in unlicensed exchange services
-price fixing
-undisclosed dual agencies - ANSWER-price fixing
Under license laws, real estate advertising must contain
which of the following?
-company's address
-listing agent's name
,2|Page
-company's telephone number
-company name or principal broker's name - ANSWER-
Company name or principal broker's name
A property owner contracted to have a swimming pool
installed on her property. When the pool was completed,
she refused to pay for the improvement, and the
contractor filed a lien for nonpayment. This lien was most
likely a
-specific lien
-general lien
-special lien
-voluntary lien - ANSWER-specific lien
Charging more interest than is legally allowed is known as
-usury
-a deficiency
-escheat
-an estoppel - ANSWER-usury
A third party holds title to property on behalf of someone
else through the use of a
-devise
,3|Page
-deed in trust
-bequest
-quitclaim deed - ANSWER-deed in trust
Broker Kenneth arrives to present a purchase offer to
Dorita, an invalid, and finds her son and his wife also
present. In the presence of Broker Kenneth, both
individuals persistently urge Dorita to accept the offer,
even though it is much lower than the price she has been
asking for her home. If Dorita accepts the offer, she may
later claim that - ANSWER-she was under duress from her
son and daughter-in-law, and therefore, the contract is
voidable
All of the following are true about radon EXCEPT
-modern construction reduces the potential for radon gas
accumulation
-it is colorless, odorless, and tasteless
-radon levels will vary in certain weather conditions
-levels can be reduced by installing ventilation systems -
ANSWER-modern construction reduces the potential for
radon gas accumulation
, 4|Page
If a licensee fails to renew his or her license on time, the
license is
-expired
-revoked
-canceled
-none of the above - ANSWER-canceled
A mortgage broker generally offers which of the following
services?
-granting real estate loans using investor funds
-handling the escrow procedures
-providing credit qualifications and evaluation reports
-bringing the borrower and the lender together - ANSWER-
bringing the borrower and the lender together
The Real Estate Settlement Procedures Act (RESPA)
applies in a loan assumption if the
-terms of the assumed loan are modified by the lender
-lender charges less than $50 for the assumption
-buyer must be approved by the lender for the assumption
to occur
