BRAINSCAPE1
FBLA Real Estate Test Exam with
complete solutions latest version
A local FBLA chapter decides to sell its clubhouse. Which factor would most influence
the selling price. - CORRECT ANSWER-Market conditions in the surrounding
neighborhood.
When a property increases in value due to a new public transit shop nearby, this is an
example of: - CORRECT ANSWER-Appreciation
In the real estate industry, a "fixture" refers to: - CORRECT ANSWER-An item
permanently attached to the property.
Which of the following is considered personal property rather than real property? -
CORRECT ANSWER-A freestanding refrigerator.
What is the term for land an everything permanently attached to it? - CORRECT
ANSWER-Real estate.
A buyer interested in a home near a school is using which principle of value? -
CORRECT ANSWER-Anticipation.
If a homeowner paints their home bright pink in a neighborhood of neutral-colored
homes, which principle might negatively affect their home's value? - CORRECT
ANSWER-Regression. ( the value of a different looking property will be negatively
affected by the presence of surrounding properties.)
Which professional would be most involved in analyzing demographic trends for
property development? - CORRECT ANSWER-Urban planner. (manages plans for use
of land and physical facilities.)
A property owner builds an additional garage to attract buyers. This is an example of: -
CORRECT ANSWER-Over-improvement.
The right to occupy and use property is known as: - CORRECT ANSWER-Possession.
BRAINSCAPE1
FBLA Real Estate Test Exam with
complete solutions latest version
A local FBLA chapter decides to sell its clubhouse. Which factor would most influence
the selling price. - CORRECT ANSWER-Market conditions in the surrounding
neighborhood.
When a property increases in value due to a new public transit shop nearby, this is an
example of: - CORRECT ANSWER-Appreciation
In the real estate industry, a "fixture" refers to: - CORRECT ANSWER-An item
permanently attached to the property.
Which of the following is considered personal property rather than real property? -
CORRECT ANSWER-A freestanding refrigerator.
What is the term for land an everything permanently attached to it? - CORRECT
ANSWER-Real estate.
A buyer interested in a home near a school is using which principle of value? -
CORRECT ANSWER-Anticipation.
If a homeowner paints their home bright pink in a neighborhood of neutral-colored
homes, which principle might negatively affect their home's value? - CORRECT
ANSWER-Regression. ( the value of a different looking property will be negatively
affected by the presence of surrounding properties.)
Which professional would be most involved in analyzing demographic trends for
property development? - CORRECT ANSWER-Urban planner. (manages plans for use
of land and physical facilities.)
A property owner builds an additional garage to attract buyers. This is an example of: -
CORRECT ANSWER-Over-improvement.
The right to occupy and use property is known as: - CORRECT ANSWER-Possession.
BRAINSCAPE1
