Pearson Vue National Practice Broker
Exam Actual Questions and Answers
2026
A broker wants to buy a 50-year-old office building for a real estate
office and parking lot. To comply with the Americans with
Disabilities Act (ADA) regarding modifications, alterations MAY need
to include:
A. installing elevators
B. installing water fountains
C. widening hallways
D. modifying restrooms -
correct answer ✅D. modifying restroom
When the parties to a contract stipulate that a specified sum MUST
be paid by any party who breaches the contract, the sum is called:
A. punitive damages
B. liquidated damages
,Pearson Vue National Practice Broker
Exam Actual Questions and Answers
2026
C. compensatory damages
D. actual damages -
correct answer ✅B. liquidated damages
Ownership of water and mineral rights to real property are insured
by which type of insurance?
A. Umbrella
B. Homeowners
C. Flood
D. Title -
correct answer ✅Title
In the absence of a formal appraisal report, which of the following
choices is the MOST appropriate for setting a listing price for a
property in a neighborhood of rapidly selling homes?
,Pearson Vue National Practice Broker
Exam Actual Questions and Answers
2026
A. The price that willing buyers have recently paid for similar
structures
B. The cost of reproducing the structure plus the original lot value
C. The price that is an average of the cost of reproducing the
structure and the recent sales prices
D. The price that is an average of the listed prices of the most
recently sold similar properties -
correct answer ✅A. The price that willing buyers have recently
paid for similar structures
In a real estate sale, the purpose of the title commitment is to:
A. Pay for losses the mortgagee might incur related to the sale
B. Indicate that the title insurance company will insure the title
C. Ensure that the sale will be closed according to the sales contract
, Pearson Vue National Practice Broker
Exam Actual Questions and Answers
2026
D. Correct any defects found in the abstract of title -
correct answer ✅B. Indicate that the title insurance company will
insure the title
A broker is commingling trust funds by depositing:
A. earnest monies received from a client's properties in the broker's
business account
B. earnest monies and rents received from a client's various
properties in the same trust account
C. rents received from the broker's personally owned rental
properties in a personal account
D. tenants' security deposits received from various clients'
properties in the same trust account -
correct answer ✅A. earnest monies received from a client's
properties in the broker's business account
Exam Actual Questions and Answers
2026
A broker wants to buy a 50-year-old office building for a real estate
office and parking lot. To comply with the Americans with
Disabilities Act (ADA) regarding modifications, alterations MAY need
to include:
A. installing elevators
B. installing water fountains
C. widening hallways
D. modifying restrooms -
correct answer ✅D. modifying restroom
When the parties to a contract stipulate that a specified sum MUST
be paid by any party who breaches the contract, the sum is called:
A. punitive damages
B. liquidated damages
,Pearson Vue National Practice Broker
Exam Actual Questions and Answers
2026
C. compensatory damages
D. actual damages -
correct answer ✅B. liquidated damages
Ownership of water and mineral rights to real property are insured
by which type of insurance?
A. Umbrella
B. Homeowners
C. Flood
D. Title -
correct answer ✅Title
In the absence of a formal appraisal report, which of the following
choices is the MOST appropriate for setting a listing price for a
property in a neighborhood of rapidly selling homes?
,Pearson Vue National Practice Broker
Exam Actual Questions and Answers
2026
A. The price that willing buyers have recently paid for similar
structures
B. The cost of reproducing the structure plus the original lot value
C. The price that is an average of the cost of reproducing the
structure and the recent sales prices
D. The price that is an average of the listed prices of the most
recently sold similar properties -
correct answer ✅A. The price that willing buyers have recently
paid for similar structures
In a real estate sale, the purpose of the title commitment is to:
A. Pay for losses the mortgagee might incur related to the sale
B. Indicate that the title insurance company will insure the title
C. Ensure that the sale will be closed according to the sales contract
, Pearson Vue National Practice Broker
Exam Actual Questions and Answers
2026
D. Correct any defects found in the abstract of title -
correct answer ✅B. Indicate that the title insurance company will
insure the title
A broker is commingling trust funds by depositing:
A. earnest monies received from a client's properties in the broker's
business account
B. earnest monies and rents received from a client's various
properties in the same trust account
C. rents received from the broker's personally owned rental
properties in a personal account
D. tenants' security deposits received from various clients'
properties in the same trust account -
correct answer ✅A. earnest monies received from a client's
properties in the broker's business account
