1|Page
Perry Real Estate Final Exam Exam Newest 2026
Actual Verified Exam Complete Questions And Correct
Answers(Verified Answers)|Already Graded
A+||Newest Exam!!!
What was banned in 1978 ever is associated health risk
for discovery but it remains an ongoing going concern -
ANSWER-Asbestos
At closing the listing broker commission is typically shown
as a - ANSWER-Debit to the seller
If a real estate agent suspects mold in a property what
should he or she recommend - ANSWER-An inspection
can uncover the presence of mold
I lead-based paint disclosure form must be attached to all
sales contract involving which of the following properties
built before 1978 - ANSWER-Residential
Who owns the building that is erected on land that has a
ground lease - ANSWER-lessee
,2|Page
A woman rents an apartment from a man under a one-
year written lease. The expiration date of the lease is May
1. How much notice must a man give a woman to recover
possession when the lease expires - ANSWER-none
A tenant signed a one-year lease with a landlord on April
10. On the following March 1, the landlord asked the
tenant whether the lease will be renewed. The tenant did
not respond but was still in the apartment on April 11.
What can the landlord do - ANSWER-As an estate for
years no notice was required to terminate. If the tenant
does not pay rent, it will become a tenancy at sufferance.
If the tenant pays rent and the landlord accepts it, it will be
a holdover or periodic tenancy, which could be changed
into an estate for years if they enter into a year-long lease
If a landlord agrees to put part of the tenants rent towards
the purchase price the landlord and tenants have agreed
to - ANSWER-A sale leaseback
If a licensee receives a complaint from the commission he
or she must - ANSWER-he has 20 days to answer a
complaint
Eloise is representing a buyer for a property. The buyer
looks at a property that is actually owned by Eloise and
, 3|Page
her husband Lenny and listed by Eloise. Eloise does not
mention this fact to the buyer. Eloise is in violation of
license law for - ANSWER-Undisclosed dual agency
Danyal has a felony conviction that does not show up on
his background check. He does not inform the commission
of this conviction. The commission can discipline Danyal's
license for - ANSWER-If Danyal does not disclose his
felony he has obtained a license through false means
Janet attended nine hours of continuing education in the
last calendar year. All of these hours were in law. Which of
the following is true - ANSWER-A licensee must take a
minimum of three hours of law but may take more
If a licensee has been found guilty of fraud in order to pay
restitution the consumer can receive up to blank dollars
from the recovery fund - ANSWER-$20K
Donna's license has been canceled. She can have her
license renewed as long as she does so within -
ANSWER-One year
An earnest money deposit must be placed into escrow
within blank days of receipt - ANSWER-3 business days
Perry Real Estate Final Exam Exam Newest 2026
Actual Verified Exam Complete Questions And Correct
Answers(Verified Answers)|Already Graded
A+||Newest Exam!!!
What was banned in 1978 ever is associated health risk
for discovery but it remains an ongoing going concern -
ANSWER-Asbestos
At closing the listing broker commission is typically shown
as a - ANSWER-Debit to the seller
If a real estate agent suspects mold in a property what
should he or she recommend - ANSWER-An inspection
can uncover the presence of mold
I lead-based paint disclosure form must be attached to all
sales contract involving which of the following properties
built before 1978 - ANSWER-Residential
Who owns the building that is erected on land that has a
ground lease - ANSWER-lessee
,2|Page
A woman rents an apartment from a man under a one-
year written lease. The expiration date of the lease is May
1. How much notice must a man give a woman to recover
possession when the lease expires - ANSWER-none
A tenant signed a one-year lease with a landlord on April
10. On the following March 1, the landlord asked the
tenant whether the lease will be renewed. The tenant did
not respond but was still in the apartment on April 11.
What can the landlord do - ANSWER-As an estate for
years no notice was required to terminate. If the tenant
does not pay rent, it will become a tenancy at sufferance.
If the tenant pays rent and the landlord accepts it, it will be
a holdover or periodic tenancy, which could be changed
into an estate for years if they enter into a year-long lease
If a landlord agrees to put part of the tenants rent towards
the purchase price the landlord and tenants have agreed
to - ANSWER-A sale leaseback
If a licensee receives a complaint from the commission he
or she must - ANSWER-he has 20 days to answer a
complaint
Eloise is representing a buyer for a property. The buyer
looks at a property that is actually owned by Eloise and
, 3|Page
her husband Lenny and listed by Eloise. Eloise does not
mention this fact to the buyer. Eloise is in violation of
license law for - ANSWER-Undisclosed dual agency
Danyal has a felony conviction that does not show up on
his background check. He does not inform the commission
of this conviction. The commission can discipline Danyal's
license for - ANSWER-If Danyal does not disclose his
felony he has obtained a license through false means
Janet attended nine hours of continuing education in the
last calendar year. All of these hours were in law. Which of
the following is true - ANSWER-A licensee must take a
minimum of three hours of law but may take more
If a licensee has been found guilty of fraud in order to pay
restitution the consumer can receive up to blank dollars
from the recovery fund - ANSWER-$20K
Donna's license has been canceled. She can have her
license renewed as long as she does so within -
ANSWER-One year
An earnest money deposit must be placed into escrow
within blank days of receipt - ANSWER-3 business days
