Puerto Rico Real Estate Salesperson
Licensing Exam Practice Questions And
Correct Answers (Verified Answers) Plus
Rationales 2026 Q&A | Instant Download
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1. The "bundle of rights" in real property ownership includes all of the
following EXCEPT:
A. Right to possess
B. Right to exclude others
C. Right to commit waste
D. Right to dispose
Correct Answer: C
Rationale: The bundle of rights includes possession, control, enjoyment,
exclusion, and disposition. There is no right to commit waste (damaging property),
as this is illegal and violates others' rights.
2. Which legal description system uses principal meridians and base lines?
A. Metes and bounds
B. Lot and block
,C. Rectangular survey system
D. Tax map system
Correct Answer: C
Rationale: The Rectangular (Government) Survey System is based on principal
meridians, base lines, townships, and sections. Metes and bounds uses landmarks;
lot and block uses platted subdivisions.
3. A valid real estate contract must have:
A. A notary seal
B. Written form only
C. Competent parties, consideration, legal purpose, mutual consent
D. Two witnesses
Correct Answer: C
Rationale: The four essential elements of any valid contract are competent parties,
mutual consent (offer/acceptance), legal purpose, and consideration. Writing is
required for enforceability (Statute of Frauds), not validity.
4. Dual agency is permitted in Puerto Rico only if:
A. Commission is reduced by half
B. Both parties give informed written consent
C. Only one agent is involved
D. The property is commercial
,Correct Answer: B
Rationale: Dual agency creates conflicts of interest regarding confidentiality and
loyalty. It is allowed only after full disclosure and written consent from both buyer
and seller.
5. The federal law requiring lead-based paint disclosure for homes built
before 1978 is:
A. Fair Housing Act
B. Lead-Based Paint Hazard Reduction Act (Title X)
C. Truth in Lending Act
D. RESPA
Correct Answer: B
Rationale: Title X (1992) mandates disclosure of known lead hazards and
provision of EPA pamphlet for pre-1978 housing. Fair Housing Act prohibits
discrimination but doesn't address lead paint.
6. Earnest money must be deposited into:
A. Broker's personal account
B. Operating account
C. Escrow/trust account
D. Seller's account
Correct Answer: C
Rationale: Earnest money is a fiduciary deposit. It must be held in a separate
, escrow or trust account until closing or written release. Commingling with
personal funds is prohibited.
7. A material defect known to the salesperson must be:
A. Kept confidential
B. Disclosed to the buyer
C. Disclosed only if seller agrees
D. Ignored if not in writing
Correct Answer: B
Rationale: Licensees have a duty to disclose known material facts that affect value
or desirability. Failure to disclose latent defects can result in fraud liability.
8. Which is an involuntary lien?
A. Mortgage
B. Property tax lien
C. Purchase money lien
D. Voluntary trust deed
Correct Answer: B
Rationale: Involuntary liens arise without owner consent. Property tax liens are
statutory. Mortgages and trust deeds are voluntary liens created by the owner.
Licensing Exam Practice Questions And
Correct Answers (Verified Answers) Plus
Rationales 2026 Q&A | Instant Download
1. The "bundle of rights" in real property ownership includes all of the
following EXCEPT:
A. Right to possess
B. Right to exclude others
C. Right to commit waste
D. Right to dispose
Correct Answer: C
Rationale: The bundle of rights includes possession, control, enjoyment,
exclusion, and disposition. There is no right to commit waste (damaging property),
as this is illegal and violates others' rights.
2. Which legal description system uses principal meridians and base lines?
A. Metes and bounds
B. Lot and block
,C. Rectangular survey system
D. Tax map system
Correct Answer: C
Rationale: The Rectangular (Government) Survey System is based on principal
meridians, base lines, townships, and sections. Metes and bounds uses landmarks;
lot and block uses platted subdivisions.
3. A valid real estate contract must have:
A. A notary seal
B. Written form only
C. Competent parties, consideration, legal purpose, mutual consent
D. Two witnesses
Correct Answer: C
Rationale: The four essential elements of any valid contract are competent parties,
mutual consent (offer/acceptance), legal purpose, and consideration. Writing is
required for enforceability (Statute of Frauds), not validity.
4. Dual agency is permitted in Puerto Rico only if:
A. Commission is reduced by half
B. Both parties give informed written consent
C. Only one agent is involved
D. The property is commercial
,Correct Answer: B
Rationale: Dual agency creates conflicts of interest regarding confidentiality and
loyalty. It is allowed only after full disclosure and written consent from both buyer
and seller.
5. The federal law requiring lead-based paint disclosure for homes built
before 1978 is:
A. Fair Housing Act
B. Lead-Based Paint Hazard Reduction Act (Title X)
C. Truth in Lending Act
D. RESPA
Correct Answer: B
Rationale: Title X (1992) mandates disclosure of known lead hazards and
provision of EPA pamphlet for pre-1978 housing. Fair Housing Act prohibits
discrimination but doesn't address lead paint.
6. Earnest money must be deposited into:
A. Broker's personal account
B. Operating account
C. Escrow/trust account
D. Seller's account
Correct Answer: C
Rationale: Earnest money is a fiduciary deposit. It must be held in a separate
, escrow or trust account until closing or written release. Commingling with
personal funds is prohibited.
7. A material defect known to the salesperson must be:
A. Kept confidential
B. Disclosed to the buyer
C. Disclosed only if seller agrees
D. Ignored if not in writing
Correct Answer: B
Rationale: Licensees have a duty to disclose known material facts that affect value
or desirability. Failure to disclose latent defects can result in fraud liability.
8. Which is an involuntary lien?
A. Mortgage
B. Property tax lien
C. Purchase money lien
D. Voluntary trust deed
Correct Answer: B
Rationale: Involuntary liens arise without owner consent. Property tax liens are
statutory. Mortgages and trust deeds are voluntary liens created by the owner.
