PAPER FULL QUESTIONS AND ANSWERS
2026
◉ 20. Regulation Z covers all
a. Commercial offices
b. Agricultural farms
c. 1 to 4 family residential units
d. Small businesses, 250 employees and under
Answer: C. Regulation Z covers all 1 to 4 family room estate
financing for the residential borrowers were an actual persons, but
not loans that are used for business, commercial, or agricultural
purposes; personal property credit transactions involving more than
$25,000; and loans to the owner of a dwelling containing more than
for housing units
◉ 21. Recording a deed provides the greatest benefit for
a. grantor
b. Public
c. Atty.
d. Grantee
,Answer: D. It is to the benefit of the buyer to give constructive notice
to the world that she as the owner of the property
◉ 22. Which of the following documents is only signed by the
seller/S in the transaction?
a. Purchase agreement
b. Listing agreement
c. Option
d. Deed
Answer: D. A deed is a transfer of title, and the party currently
holding the title is required to sign
◉ 23. The ability to pay for a home is a foremost consideration in
choosing a home. What is the second consideration?
a. Specification
b. Age
c. Improvements
d. Location
Answer: D. The location of the property of faxes price today and in
the future. People purchase homes because of their preference for
cert locations
◉ 23. The ability pay for a home is a foremost consideration in
choosing a home. What is the second consideration?
,a. Specification
b. Age
c. Improvements
d. Location
Answer: D. The location of the property of faxes price today and in
the future. People purchase homes because of their preference for
cert locations
◉ 25. A section a real estate
a. Contains 460 acres
b. Is 1 mile square
c. Contains 43,560 acres
d. Is numbered to indicate either north to south
Answer: B. A section of land is 1 mile square
◉ 26. A married couple decided to sell their home. Has been on the
property in severalty. 30 minutes before the agent was scheduled to
arrive, the wife had to leave for emergency. The husband stayed for
the appointment. Who must sign the listing agreement?
a. Only the husband needs to sign the listing
b. Only the wife needs to sign the listing
c. The husband should sign the listing on behalf of both himself and
his wife
, d. As a married couple, both the husband and wife should sign the
listing agreement
Answer: D. Even though there has been owns a house in severalty,
both the husband and wife should sign the listing to release any
marital rights the wife has in the property
◉ 27. Which of the following is not necessary in a listing contract?
a. Signature of all parties on the deed
b. Beginning and ending dates of the agreement
c. Signature of the broker, an agent, or both
d. The signature of the buyer
Answer: D. The buyer is not a party to the listing contract
◉ The buyer is not a party to the listing contract
28. A couple owns their property as tenants by the entireties. The
agent secured the signature of one spouse on the listing contract.
Which of the following is true?
a. Both signatures are required in the listing contract
b. One spouse can sign because they each have an equal interest in
the property
c. The only one spouse is required to sign because they are married
d. If it's an open listing, the agent has a proper signature
Answer: A. Both spouses signatures are required and the listing
because it is zoned as tenancy by the entireties