Pearson Vue Real Estate Practice
Exam Questions & Answers (Grade
A+)
Under the law of agency, a broker's responsibility to the principal
is? -
correct answer ✅Exercise Care, obedience, accounting and
disclosure
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.
Under a sales contract, the legal remedy that MAY be used to force
the seller to consummate the sale is called? -
correct answer ✅Specific Performance
A homeowner who plans to travel for a year asks a real estate firm
to rent the house for this period and indicates a preference for a
white family rather than a black family, "if at all possible." Under
the Federal Fair Housing Act, the broker should inform that these
instructions? -
correct answer ✅Can't be followed because they violate the act
Items permanently attached to real property are considered? -
correct answer ✅Fixtures
, Pearson Vue Real Estate Practice
Exam Questions & Answers (Grade
A+)
The income approach is most likely to be used when determining
the value of an? -
correct answer ✅Office building
A property manager works in the best interest of the? -
correct answer ✅Owner
An agreement that restricts the use and occupancy of real estate, is
part of a conveyance, and is binding on all subsequent buyers is
called? -
correct answer ✅Covenant
When a married couple takes title to a property as tenants in
common, they have elected a form of ownership that allows for? -
correct answer ✅Unequal shares of Ownership
A loan that provides for increases and decreases in the interest rate
during its term is known as? -
correct answer ✅An ARM, adjustable-rate mortgage
Exam Questions & Answers (Grade
A+)
Under the law of agency, a broker's responsibility to the principal
is? -
correct answer ✅Exercise Care, obedience, accounting and
disclosure
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.
Under a sales contract, the legal remedy that MAY be used to force
the seller to consummate the sale is called? -
correct answer ✅Specific Performance
A homeowner who plans to travel for a year asks a real estate firm
to rent the house for this period and indicates a preference for a
white family rather than a black family, "if at all possible." Under
the Federal Fair Housing Act, the broker should inform that these
instructions? -
correct answer ✅Can't be followed because they violate the act
Items permanently attached to real property are considered? -
correct answer ✅Fixtures
, Pearson Vue Real Estate Practice
Exam Questions & Answers (Grade
A+)
The income approach is most likely to be used when determining
the value of an? -
correct answer ✅Office building
A property manager works in the best interest of the? -
correct answer ✅Owner
An agreement that restricts the use and occupancy of real estate, is
part of a conveyance, and is binding on all subsequent buyers is
called? -
correct answer ✅Covenant
When a married couple takes title to a property as tenants in
common, they have elected a form of ownership that allows for? -
correct answer ✅Unequal shares of Ownership
A loan that provides for increases and decreases in the interest rate
during its term is known as? -
correct answer ✅An ARM, adjustable-rate mortgage
