Pearson Vue Real Estate Practice
Exam (National) Questions & Answers
(Grade A+)
A landlord enters into a lease with a tenant. The lease contains a
provision stating that, if the landlord decides to sell the property
during the term of the lease, the tenant will have the first right of
refusal to purchase the property. Prior to the tenant's lease
expiration, the landlord would like to sell the property. The
landlord: -
correct answer ✅must offer the tenant the first opportunity to
purchase
Which of the following types of legal descriptions identifies a
property by outlining its boundaries in terms of a series of
directions and distances from a specific point of origin? -
correct answer ✅metes and bound
If a purchase contract for a commercial property includes a due
diligence contingency for the buyer, then the buyer MAY: -
correct answer ✅terminate the contract if the buyer is not
satisfied with the inspection
Which of the following actions is an example of blockbusting? -
correct answer ✅stating that the presence of certain persons in a
neighborhood will increase crime
,Pearson Vue Real Estate Practice
Exam (National) Questions & Answers
(Grade A+)
When a contract states that "time is of the essence," the contract
MUST be delivered and presented: -
correct answer ✅as soon as possible
In order for a property manager to determine net operating income
on a property, which of the following fees is subtracted from the
effective gross income? -
correct answer ✅operating expenses
A broker lists a property. The broker advertises and shows the
property several times, but after each showing, the owners call the
broker with a list of unreasonable restrictions they want placed on
the showing of the property. The broker decides not to continue
the listing. In this situation, the broker: -
correct answer ✅may rescind the listing contract upon obtaining
permission from the owners
A portion of an advertisement reads: "New four-bedroom, two-
bath home for sale in a family neighborhood. Yours for only $1,100
per month." This advertisement VIOLATES the provisions of the: -
correct answer ✅Truth in Lending and Fair Housing Acts
, Pearson Vue Real Estate Practice
Exam (National) Questions & Answers
(Grade A+)
The CERCLA is administered by the: -
correct answer ✅Environmental Protection Agency (EPA)
A net lease affords the lessee the: -
correct answer ✅deduction for real estate taxes
If a broker lists a property and agrees to net the seller $83,000 after
the broker's 6% commission is paid, the property must be sold for a
MINIMUM of: -
correct answer ✅$88,298
Which of the following items would have to be disclosed to
prospective buyers by the listing broker? -
correct answer ✅a defect existing in the property being offered
The presence of government-regulated wetlands on a building lot: -
correct answer ✅is a material fact
Exam (National) Questions & Answers
(Grade A+)
A landlord enters into a lease with a tenant. The lease contains a
provision stating that, if the landlord decides to sell the property
during the term of the lease, the tenant will have the first right of
refusal to purchase the property. Prior to the tenant's lease
expiration, the landlord would like to sell the property. The
landlord: -
correct answer ✅must offer the tenant the first opportunity to
purchase
Which of the following types of legal descriptions identifies a
property by outlining its boundaries in terms of a series of
directions and distances from a specific point of origin? -
correct answer ✅metes and bound
If a purchase contract for a commercial property includes a due
diligence contingency for the buyer, then the buyer MAY: -
correct answer ✅terminate the contract if the buyer is not
satisfied with the inspection
Which of the following actions is an example of blockbusting? -
correct answer ✅stating that the presence of certain persons in a
neighborhood will increase crime
,Pearson Vue Real Estate Practice
Exam (National) Questions & Answers
(Grade A+)
When a contract states that "time is of the essence," the contract
MUST be delivered and presented: -
correct answer ✅as soon as possible
In order for a property manager to determine net operating income
on a property, which of the following fees is subtracted from the
effective gross income? -
correct answer ✅operating expenses
A broker lists a property. The broker advertises and shows the
property several times, but after each showing, the owners call the
broker with a list of unreasonable restrictions they want placed on
the showing of the property. The broker decides not to continue
the listing. In this situation, the broker: -
correct answer ✅may rescind the listing contract upon obtaining
permission from the owners
A portion of an advertisement reads: "New four-bedroom, two-
bath home for sale in a family neighborhood. Yours for only $1,100
per month." This advertisement VIOLATES the provisions of the: -
correct answer ✅Truth in Lending and Fair Housing Acts
, Pearson Vue Real Estate Practice
Exam (National) Questions & Answers
(Grade A+)
The CERCLA is administered by the: -
correct answer ✅Environmental Protection Agency (EPA)
A net lease affords the lessee the: -
correct answer ✅deduction for real estate taxes
If a broker lists a property and agrees to net the seller $83,000 after
the broker's 6% commission is paid, the property must be sold for a
MINIMUM of: -
correct answer ✅$88,298
Which of the following items would have to be disclosed to
prospective buyers by the listing broker? -
correct answer ✅a defect existing in the property being offered
The presence of government-regulated wetlands on a building lot: -
correct answer ✅is a material fact
