CE SHOP PRACTICE EXAM QUESTIONS
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WITH CORRECT ANSWERS 2025
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What ghare ghthe ghthree ghCs ghof ghcredit? gh- ghCORRECT ghANSWER gh-Character, ghcapital, ghcapacity
What ghare ghcommon ghownership ghstructures ghfor ghreal ghestate ghbrokerages? gh- ghCORRECT
ghANSWER gh- ghSole ghproprietorships, ghpartnerships, ghand ghcorporations
Foundation ghwalls ghare ghconstructed ghon ghtop ghof ghwhich ghof ghthese ghitems? gh- ghCORRECT ghANSWER
gh- ghFootings
Seller ghGarrett ghhas gha ghclosing ghdate ghof ghOctober gh11. ghHe's ghresponsible ghfor ghclosing ghcosts ghup
ghto ghbut ghnot ghincluding ghthe ghday ghof ghsettlement, ghbut ghhas ghalready ghpaid ghhis ghannual ghtaxes ghof
gh$1,820. ghUsing gha ghcalend ghar ghyear ghproration, ghGarrett ghwill ghbe gh on ghthe ghclosing ghstatement.
gh- ghCORRECT ghANSWER gh-
Credited gh$409
Certain ghhomes ghand ghother ghbuildings ghare ghdesignated ghas gh"target" ghdwellings ghby ghthe ghEPA.
ghWhat ghdoes ghthis ghmean? gh- ghCORRECT ghANSWER gh-
There ghare ghspecific ghrequirements ghfor ghcontractors ghperforming ghlead ghabatement ghor
ghremodeling ghthes ghe ghhomes.
Pamela ghinherited gha ghpiece ghof ghproperty ghthat ghhas ghbeen ghin ghher ghfamily ghfor ghgenerations. ghShe
ghwants ghto ghfind ghthe ghproperty's ghexact ghboundaries. ghWhat ghshould ghcontain ghthis ghinformation?
gh-
CORRECT ghANSWER gh-A ghlegal ghdescription ghof ghthe ghproperty
What's ghthe ghpoint ghfrom ghwhich ghelevation ghis ghmeasured? gh- ghCORRECT ghANSWER gh-Datum
Robert ghand ghSarah ghenter ghinto gha ghcontract ghfor ghSarah ghto ghpurchase ghRobert's ghhome. ghRobert
ghdecides ghhe ghdoesn't ghwant ghto ghsell, ghand ghis ghelated ghwhen ghhe ghfinds ghout ghthat ghSarah's ghonly
gh17 ghyears ghold. ghCan ghSarah ghforce ghRobert ghto ghsell? gh- ghCORRECT ghANSWER gh-
Yes, ghSarah ghcan ghrequire ghthat ghRobert ghfulfill ghthe ghcontract ghterms.
, How ghmany ghsquare ghfeet ghare ghin ghan ghacre? gh- ghCORRECT ghANSWER gh-43,560 ghsquare ghfeet
Rob ghis ghsearching ghfor gha ghnew ghapartment ghthat ghhe ghcan ghlease ghfor ghthe ghnext ghtwo ghyears ghwhile
ghhe's ghworki ghng ghin ghthe gharea. ghHe ghhas ghhired ghDanielle ghto ghrepresent ghhim ghas ghhis ghagent ghin
ghthis ghtransaction. ghIs ghDaniell g h e ghrequired ghto ghprovide ghRob ghwith ghan ghagency ghdisclosure
ghform? gh- ghCORRECT ghANSWER gh-
Yes, ghagency ghdisclosure ghis ghrequired ghon ghleases ghexceeding ghone ghyear.
What ghmight ghTrina's ghmother ghhave ghbequeathed ghto ghTrina? gh- ghCORRECT
ghANSWER gh- ghHer ghjewelry ghand ghfine ghchina
An ghagent ghhas gha ghseller ghwho ghwants ghto ghlist ghthe ghproperty ghat gh$550,000. ghThe ghmarket ghhas
ghtaken gha ghdown ghturn, ghand ghthe ghfair ghmarket ghvalue ghis ghestimated ghat gh$495,000. ghWhat ghis ghthe
ghbest ghapproach ghfor ghthis ghlist ghing? gh- ghCORRECT ghANSWER gh-
Explain ghthe ghbenefits ghin ghthe ghlong ghrun ghof ghentering ghthe ghmarket ghat gha ghfair ghprice.
Jacob ghis gha ghdeveloper ghwho ghpurchased gh78 ghacres ghand ghhad ghit ghsubdivided ghinto ghhalf-
acre ghlots. ghHe ghdecided ghto ghinstall ghsewer ghand ghunderground ghelectricity ghfor ghthe ghentire
ghsubdivision, ghbe ghcause ghhe ghthinks ghthat ghhe ghwill gheasily ghrecoup ghhis ghinitial ghinfrastructure
ghinvestment. ghThis ghis ghan ghexampl ghe ghof ghwhich gheconomic ghcharacteristic ghof ghreal ghproperty? gh-
ghCORRECT ghANSWER gh-Permanence
Which ghof ghthe ghfollowing ghis ghthe ghname ghof gha ghpenalty ghlenders ghcharge ghwhen ghborrowers ghrepay
ghtheir ghloa ghns ghearlier ghthan ghexpected? gh- ghCORRECT ghANSWER gh-Prepayment ghpenalty
James ghpurchased ghfive ghacres ghof ghland ghfor gh$75,000. ghWhat ghwas ghthe ghcost ghper
ghacre? gh- ghCORRECT ghANSWER gh-$15,000
Improving ghcredit ghscores ghcan ghalso gh . gh- ghCORRECT
ghANSWER gh- ghIncrease ghhow ghmuch ghhouse ghthe ghborrower ghcan ghafford
gh gh gh gh
WITH CORRECT ANSWERS 2025
gh gh gh gh
What ghare ghthe ghthree ghCs ghof ghcredit? gh- ghCORRECT ghANSWER gh-Character, ghcapital, ghcapacity
What ghare ghcommon ghownership ghstructures ghfor ghreal ghestate ghbrokerages? gh- ghCORRECT
ghANSWER gh- ghSole ghproprietorships, ghpartnerships, ghand ghcorporations
Foundation ghwalls ghare ghconstructed ghon ghtop ghof ghwhich ghof ghthese ghitems? gh- ghCORRECT ghANSWER
gh- ghFootings
Seller ghGarrett ghhas gha ghclosing ghdate ghof ghOctober gh11. ghHe's ghresponsible ghfor ghclosing ghcosts ghup
ghto ghbut ghnot ghincluding ghthe ghday ghof ghsettlement, ghbut ghhas ghalready ghpaid ghhis ghannual ghtaxes ghof
gh$1,820. ghUsing gha ghcalend ghar ghyear ghproration, ghGarrett ghwill ghbe gh on ghthe ghclosing ghstatement.
gh- ghCORRECT ghANSWER gh-
Credited gh$409
Certain ghhomes ghand ghother ghbuildings ghare ghdesignated ghas gh"target" ghdwellings ghby ghthe ghEPA.
ghWhat ghdoes ghthis ghmean? gh- ghCORRECT ghANSWER gh-
There ghare ghspecific ghrequirements ghfor ghcontractors ghperforming ghlead ghabatement ghor
ghremodeling ghthes ghe ghhomes.
Pamela ghinherited gha ghpiece ghof ghproperty ghthat ghhas ghbeen ghin ghher ghfamily ghfor ghgenerations. ghShe
ghwants ghto ghfind ghthe ghproperty's ghexact ghboundaries. ghWhat ghshould ghcontain ghthis ghinformation?
gh-
CORRECT ghANSWER gh-A ghlegal ghdescription ghof ghthe ghproperty
What's ghthe ghpoint ghfrom ghwhich ghelevation ghis ghmeasured? gh- ghCORRECT ghANSWER gh-Datum
Robert ghand ghSarah ghenter ghinto gha ghcontract ghfor ghSarah ghto ghpurchase ghRobert's ghhome. ghRobert
ghdecides ghhe ghdoesn't ghwant ghto ghsell, ghand ghis ghelated ghwhen ghhe ghfinds ghout ghthat ghSarah's ghonly
gh17 ghyears ghold. ghCan ghSarah ghforce ghRobert ghto ghsell? gh- ghCORRECT ghANSWER gh-
Yes, ghSarah ghcan ghrequire ghthat ghRobert ghfulfill ghthe ghcontract ghterms.
, How ghmany ghsquare ghfeet ghare ghin ghan ghacre? gh- ghCORRECT ghANSWER gh-43,560 ghsquare ghfeet
Rob ghis ghsearching ghfor gha ghnew ghapartment ghthat ghhe ghcan ghlease ghfor ghthe ghnext ghtwo ghyears ghwhile
ghhe's ghworki ghng ghin ghthe gharea. ghHe ghhas ghhired ghDanielle ghto ghrepresent ghhim ghas ghhis ghagent ghin
ghthis ghtransaction. ghIs ghDaniell g h e ghrequired ghto ghprovide ghRob ghwith ghan ghagency ghdisclosure
ghform? gh- ghCORRECT ghANSWER gh-
Yes, ghagency ghdisclosure ghis ghrequired ghon ghleases ghexceeding ghone ghyear.
What ghmight ghTrina's ghmother ghhave ghbequeathed ghto ghTrina? gh- ghCORRECT
ghANSWER gh- ghHer ghjewelry ghand ghfine ghchina
An ghagent ghhas gha ghseller ghwho ghwants ghto ghlist ghthe ghproperty ghat gh$550,000. ghThe ghmarket ghhas
ghtaken gha ghdown ghturn, ghand ghthe ghfair ghmarket ghvalue ghis ghestimated ghat gh$495,000. ghWhat ghis ghthe
ghbest ghapproach ghfor ghthis ghlist ghing? gh- ghCORRECT ghANSWER gh-
Explain ghthe ghbenefits ghin ghthe ghlong ghrun ghof ghentering ghthe ghmarket ghat gha ghfair ghprice.
Jacob ghis gha ghdeveloper ghwho ghpurchased gh78 ghacres ghand ghhad ghit ghsubdivided ghinto ghhalf-
acre ghlots. ghHe ghdecided ghto ghinstall ghsewer ghand ghunderground ghelectricity ghfor ghthe ghentire
ghsubdivision, ghbe ghcause ghhe ghthinks ghthat ghhe ghwill gheasily ghrecoup ghhis ghinitial ghinfrastructure
ghinvestment. ghThis ghis ghan ghexampl ghe ghof ghwhich gheconomic ghcharacteristic ghof ghreal ghproperty? gh-
ghCORRECT ghANSWER gh-Permanence
Which ghof ghthe ghfollowing ghis ghthe ghname ghof gha ghpenalty ghlenders ghcharge ghwhen ghborrowers ghrepay
ghtheir ghloa ghns ghearlier ghthan ghexpected? gh- ghCORRECT ghANSWER gh-Prepayment ghpenalty
James ghpurchased ghfive ghacres ghof ghland ghfor gh$75,000. ghWhat ghwas ghthe ghcost ghper
ghacre? gh- ghCORRECT ghANSWER gh-$15,000
Improving ghcredit ghscores ghcan ghalso gh . gh- ghCORRECT
ghANSWER gh- ghIncrease ghhow ghmuch ghhouse ghthe ghborrower ghcan ghafford
