ACEABLE AGENT ACTUAL EXAMINATION TEST
2026 QUESTIONS WITH SOLUTIONS GRADED
A+
◉ Tenant. Answer: one who possesses a property under a lease without
ownership
◉ Broker. Answer: someone who assists in buying and selling to receive
a commission
◉ Client. Answer: a person or company that buys or leases any product
or service
◉ Land. Answer: the surface of the earth, extending down to the center
of the earth and up into space
◉ Real Estate. Answer: includes the land and any natural or manmade
improvements attached to it
◉ Real Property. Answer: includes land and any natural or manmade
improvements attached to it, plus the bundle of legal rights of ownership
, ◉ Personal Property. Answer: items that can easily be removed from the
land
◉ Immobility. Answer: characteristic of land stating that land has a
particular geographical location that will remain constant, barring
erosion or slow, geological changes
◉ Real Estate Broker. Answer: a person or corporation who markets to
find buyers and sellers to put together in exchange for a commission
◉ Broker's Price Opinion (BPO). Answer: a broker's price opinion is the
process used by a hired sales agent to determine the potential selling
price or estimated value of a real estate property
◉ Closing. Answer: the completion of a real estate transaction in which
the buyer receives ownership and the seller receives the contract amount
◉ Comparative Market Analysis (CMA). Answer: a report comparing
the prices of sold homes that are similar to the subject property (called
comparables); created by a license holder to help the seller or buyer
determine the market price
◉ Misrepresentation. Answer: a false statement (spoken or written) that
is made unintentionally
2026 QUESTIONS WITH SOLUTIONS GRADED
A+
◉ Tenant. Answer: one who possesses a property under a lease without
ownership
◉ Broker. Answer: someone who assists in buying and selling to receive
a commission
◉ Client. Answer: a person or company that buys or leases any product
or service
◉ Land. Answer: the surface of the earth, extending down to the center
of the earth and up into space
◉ Real Estate. Answer: includes the land and any natural or manmade
improvements attached to it
◉ Real Property. Answer: includes land and any natural or manmade
improvements attached to it, plus the bundle of legal rights of ownership
, ◉ Personal Property. Answer: items that can easily be removed from the
land
◉ Immobility. Answer: characteristic of land stating that land has a
particular geographical location that will remain constant, barring
erosion or slow, geological changes
◉ Real Estate Broker. Answer: a person or corporation who markets to
find buyers and sellers to put together in exchange for a commission
◉ Broker's Price Opinion (BPO). Answer: a broker's price opinion is the
process used by a hired sales agent to determine the potential selling
price or estimated value of a real estate property
◉ Closing. Answer: the completion of a real estate transaction in which
the buyer receives ownership and the seller receives the contract amount
◉ Comparative Market Analysis (CMA). Answer: a report comparing
the prices of sold homes that are similar to the subject property (called
comparables); created by a license holder to help the seller or buyer
determine the market price
◉ Misrepresentation. Answer: a false statement (spoken or written) that
is made unintentionally
