Pearson VUE Sales course Practice
Exam 1 Questions & Answers (Grade
A+)
An independent contractor is:
A. A licensee operating a "business within a business."
B. Given health benefits from the brokerage firm.
C. Not required to work 40 hours a week.
D. Both A and C -
correct answer ✅D. Both A and C
When considering which agency to join, a candidate who intends to
be an independent contractor should consider the company Policy
and Procedures Manual because it will address:
A. What hours he must work.
B. What health insurance and retirement benefits he gets.
C. The agency relationship policies and practices of the company.
D. Unemployment insurance for licensees with fewer than 4
transactions per year. -
correct answer ✅C. The agency relationship policies and practices
of the company.
Which of the following real estate industry organizations has a Code
of Ethics that is to be followed by industry members?
,Pearson VUE Sales course Practice
Exam 1 Questions & Answers (Grade
A+)
A. REALTORS
B. Multiple Listing Service
C. Real Estate Licensing Board
D. State Board of Licensees -
correct answer ✅A. REALTORS
A licensee is paying a monthly fee to the company. The licensee
MOST LIKELY works for a/an:
A. Independent company.
B. Franchise.
C. Small brokerage.
D. Himself/herself. -
correct answer ✅B. Franchise
-Licensees who pay a company a monthly fee probably have joined
a franchise and do so for the name recognization.
Which of the following is NOT protected by the Equal Employment
Opportunity Act?
A. A pregnant woman
B. National origin
,Pearson VUE Sales course Practice
Exam 1 Questions & Answers (Grade
A+)
C. Age (40 or older)
D. Marital Status -
correct answer ✅D. Marital Status
All of the following are real property EXCEPT:
A. A chained link fence enclosing the backyard.
B. The weather vane on top of the barn.
C. The portable basketball hoop in the driveway.
D. An antique chandelier in the dining room. -
correct answer ✅C. The portable basketball hoop in the driveway.
Paul chops down a tree and splits it into firewood. This example of
real property being changed into personal property is an illustration
of:
A. Severance.
B. Exclusion.
C. Conversion.
D. Variance. -
correct answer ✅A. Severance.
, Pearson VUE Sales course Practice
Exam 1 Questions & Answers (Grade
A+)
Which of the following is NOT an element of the bundle of rights of
an owner of property in fee simple absolute?
A. The right to lease the mineral rights
B. The right to encumber the property with an easement in gross
C. The right to sell the air rights
D. The right to start a foreclosure process -
correct answer ✅D. The right to start a foreclosure process
A fixture is considered to be:
A. Personal property.
B. Real property.
C. An item that is easily removed from the real estate.
D. An item that requires electricity. -
correct answer ✅B. Real property.
Which of the following would NOT be characterized as a physical
characteristic of real estate?
A. Heterogeneity
B. Immobility
Exam 1 Questions & Answers (Grade
A+)
An independent contractor is:
A. A licensee operating a "business within a business."
B. Given health benefits from the brokerage firm.
C. Not required to work 40 hours a week.
D. Both A and C -
correct answer ✅D. Both A and C
When considering which agency to join, a candidate who intends to
be an independent contractor should consider the company Policy
and Procedures Manual because it will address:
A. What hours he must work.
B. What health insurance and retirement benefits he gets.
C. The agency relationship policies and practices of the company.
D. Unemployment insurance for licensees with fewer than 4
transactions per year. -
correct answer ✅C. The agency relationship policies and practices
of the company.
Which of the following real estate industry organizations has a Code
of Ethics that is to be followed by industry members?
,Pearson VUE Sales course Practice
Exam 1 Questions & Answers (Grade
A+)
A. REALTORS
B. Multiple Listing Service
C. Real Estate Licensing Board
D. State Board of Licensees -
correct answer ✅A. REALTORS
A licensee is paying a monthly fee to the company. The licensee
MOST LIKELY works for a/an:
A. Independent company.
B. Franchise.
C. Small brokerage.
D. Himself/herself. -
correct answer ✅B. Franchise
-Licensees who pay a company a monthly fee probably have joined
a franchise and do so for the name recognization.
Which of the following is NOT protected by the Equal Employment
Opportunity Act?
A. A pregnant woman
B. National origin
,Pearson VUE Sales course Practice
Exam 1 Questions & Answers (Grade
A+)
C. Age (40 or older)
D. Marital Status -
correct answer ✅D. Marital Status
All of the following are real property EXCEPT:
A. A chained link fence enclosing the backyard.
B. The weather vane on top of the barn.
C. The portable basketball hoop in the driveway.
D. An antique chandelier in the dining room. -
correct answer ✅C. The portable basketball hoop in the driveway.
Paul chops down a tree and splits it into firewood. This example of
real property being changed into personal property is an illustration
of:
A. Severance.
B. Exclusion.
C. Conversion.
D. Variance. -
correct answer ✅A. Severance.
, Pearson VUE Sales course Practice
Exam 1 Questions & Answers (Grade
A+)
Which of the following is NOT an element of the bundle of rights of
an owner of property in fee simple absolute?
A. The right to lease the mineral rights
B. The right to encumber the property with an easement in gross
C. The right to sell the air rights
D. The right to start a foreclosure process -
correct answer ✅D. The right to start a foreclosure process
A fixture is considered to be:
A. Personal property.
B. Real property.
C. An item that is easily removed from the real estate.
D. An item that requires electricity. -
correct answer ✅B. Real property.
Which of the following would NOT be characterized as a physical
characteristic of real estate?
A. Heterogeneity
B. Immobility
