Pearson Vue Practice Exam | Questions & Verified Answers | 2026 | 2027 (Latest Update Rated A+)

Pearson Vue Practice Exam | Questions & Verified Answers | 2026 | 2027 (Latest Update Rated A+) Quiz_________________? a 5% - Answer an apartment project with 160 units has 8 vancancies. the vacancy rate is: a. 5% b.8% c 92% d. 95% Quiz_________________? a. "8% annual percentage rate" - Answer which of the following credit terms may be included in an advertisement for real estate without further disclosure? a. "8% annual percentage rate" b. "5 years to repay" c. "$5,000 down payment d. "$300 monthly payment" Quiz_________________? a. 92% - Answer if the purchase price on a condo is $60,000, the amount being mortgaged is $55,200 and there are 2.5 points on the mortgage, which of the following percentages is the loan-to-value ratio on the following transaction? a. 92% b. 90% c. 85% d. 82% Quiz_________________? a. acceleration clause - Answer the provision in a mortgage or deed of trust that gives the lender the right to call the entire balance due upon a default in any payment is called a: a. acceleration clause b. prepayment penalty clause c. prepayment priveledge clause d. right of redemption clause Quiz_________________? a. any zoning changes made after the property was listed - Answer a listing salesperson MUST disclose what info to potential buyers a. any zoning changes made after the property was listed b. any ethnic diversity in the neighborhood c. the financial status of the seller d. the amount the seller originally paid for the property Quiz_________________? a. cannot be followed bc it violates the Act - Answer 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 them that these instructions: a. cannot be followed bc they violate The Act b. will be followed only if the owner accepts responsibility in case of lawsuit c. cannot be folowed unless the owner puts it in writing d. will be followed bc normally the house is owner-occupid Quiz_________________? a. debit to the seller $572 - Answer a seller has delinquent property taxes of $572. at closing, the taxes will be a a. debit to the seller $572 b. debit to the buyer $572 c. credit to the seller $572 d. credit to the buyer $572 Quiz_________________? a. escheat - Answer when a private property is abandoned, the state MAY acquire title to that property under the right of a. escheat b. eminent domain c. police power d. taxation Quiz_________________? a. graduated lease - Answer a lease that provides for periodic increases of rent at regular intervals is called a a. graduated lease b. percentage lease c. yearly lease d. long-term lease Quiz_________________? a. included in the listing agreement - Answer In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determined by the broker d. attractive to buyers, as determined by the broker Quiz_________________? a. lead-based paint - Answer federal law requires a written disclosure to be provided to purchasers for which of the following environmental hazards? a. lead-based paint b. formaldehyde c. asbestos d. radon