RELE 1238Final Exam Rele II Test
Submission: Final Exam (Chapters 13-
25) LATEST UPDATE
• Question 1
0 out of 2 points
Real estate appraising
Selected
Answer: A.
requires good negotiating and sales skills.
Answers: A.
requires good negotiating and sales skills.
B.
requires advanced training and credential designations to ensure an
adequate level of competennce.
C.
is a fairly easy field to enter as a new associate.
D.
in the mortgage banking industry does not require a real estate
license.
• Question 2
2 out of 2 points
Which of the following is NOT an example of government's exercise of its police
powers?
Selected
Answer: D.
restrictive
covenants
Answers: A.
rent controls
B.
building codes
C.
zoning laws
D.
RELE 1238Final Exam Rele II Test
Submission: Final Exam (Chapters 13-
25) LATEST UPDATE
, RELE 1238Final Exam Rele II Test
Submission: Final Exam (Chapters 13-
25) LATEST UPDATE
restrictive
covenants
• Question 3
2 out of 2 points
Typically, physical possession of the property is given to the buyer:
Selected
Answer: C.
the day of close of escrow (settlement).
Answers: A.
upon signing of the sales contract.
B.
before close of escrow (settlement).
C.
the day of close of escrow (settlement).
D.
30 days following close of escrow
(settlement).
• Question 4
2 out of 2 points
The phrase "time is of the essence" in a sales contract means that:
Selected
Answer: A.
the time limits set by the contract must by faithfully observed or the
contract is voidable.
Answers: A.
the time limits set by the contract must by faithfully observed or the
contract is voidable.
B.
the parties are prohibited from giving each other an extension.
C.
the contract is void.
D.
RELE 1238Final Exam Rele II Test
Submission: Final Exam (Chapters 13-
25) LATEST UPDATE
, RELE 1238Final Exam Rele II Test
Submission: Final Exam (Chapters 13-
25) LATEST UPDATE
the contract is a counteroffer.
• Question 5
2 out of 2 points
When property is sold by means of an installment contract:
Selected
Answer: C.
the seller retains title.
Answers: A.
the seller delivers deed at closing.
B.
the buyer is NOT given the right to occupy the property until the
contract terms have been fulfilled.
C.
RELE 1238Final Exam Rele II Test
Submission: Final Exam (Chapters 13-
25) LATEST UPDATE
, RELE 1238Final Exam Rele II Test
Submission: Final Exam (Chapters 13-
25) LATEST UPDATE
the seller retains title.
D.
time is of the essence.
• Question 6
2 out of 2 points
A purchaser's right to acquire legal title to real property under the terms of a valid
agreement is known as:
Selected
Answer: B.
equitable title.
Answers: A.
naked title.
B.
equitable title.
C.
specific
performance.
D.
contract title.
• Question 7
2 out of 2 points
Tax-deferred real estate exchanges are possible only when:
Selected
Answer: C.
properties are "like-kind".
Answers: A. D.
all properties are of equal value. there
are no
B.
mortg
no more than two properties are
es.
involved.
• Q
C.
u
properties are "like-kind".
e
RELE 1238Final Exam Rele II Test
Submission: Final Exam (Chapters 13-
25) LATEST UPDATE
Submission: Final Exam (Chapters 13-
25) LATEST UPDATE
• Question 1
0 out of 2 points
Real estate appraising
Selected
Answer: A.
requires good negotiating and sales skills.
Answers: A.
requires good negotiating and sales skills.
B.
requires advanced training and credential designations to ensure an
adequate level of competennce.
C.
is a fairly easy field to enter as a new associate.
D.
in the mortgage banking industry does not require a real estate
license.
• Question 2
2 out of 2 points
Which of the following is NOT an example of government's exercise of its police
powers?
Selected
Answer: D.
restrictive
covenants
Answers: A.
rent controls
B.
building codes
C.
zoning laws
D.
RELE 1238Final Exam Rele II Test
Submission: Final Exam (Chapters 13-
25) LATEST UPDATE
, RELE 1238Final Exam Rele II Test
Submission: Final Exam (Chapters 13-
25) LATEST UPDATE
restrictive
covenants
• Question 3
2 out of 2 points
Typically, physical possession of the property is given to the buyer:
Selected
Answer: C.
the day of close of escrow (settlement).
Answers: A.
upon signing of the sales contract.
B.
before close of escrow (settlement).
C.
the day of close of escrow (settlement).
D.
30 days following close of escrow
(settlement).
• Question 4
2 out of 2 points
The phrase "time is of the essence" in a sales contract means that:
Selected
Answer: A.
the time limits set by the contract must by faithfully observed or the
contract is voidable.
Answers: A.
the time limits set by the contract must by faithfully observed or the
contract is voidable.
B.
the parties are prohibited from giving each other an extension.
C.
the contract is void.
D.
RELE 1238Final Exam Rele II Test
Submission: Final Exam (Chapters 13-
25) LATEST UPDATE
, RELE 1238Final Exam Rele II Test
Submission: Final Exam (Chapters 13-
25) LATEST UPDATE
the contract is a counteroffer.
• Question 5
2 out of 2 points
When property is sold by means of an installment contract:
Selected
Answer: C.
the seller retains title.
Answers: A.
the seller delivers deed at closing.
B.
the buyer is NOT given the right to occupy the property until the
contract terms have been fulfilled.
C.
RELE 1238Final Exam Rele II Test
Submission: Final Exam (Chapters 13-
25) LATEST UPDATE
, RELE 1238Final Exam Rele II Test
Submission: Final Exam (Chapters 13-
25) LATEST UPDATE
the seller retains title.
D.
time is of the essence.
• Question 6
2 out of 2 points
A purchaser's right to acquire legal title to real property under the terms of a valid
agreement is known as:
Selected
Answer: B.
equitable title.
Answers: A.
naked title.
B.
equitable title.
C.
specific
performance.
D.
contract title.
• Question 7
2 out of 2 points
Tax-deferred real estate exchanges are possible only when:
Selected
Answer: C.
properties are "like-kind".
Answers: A. D.
all properties are of equal value. there
are no
B.
mortg
no more than two properties are
es.
involved.
• Q
C.
u
properties are "like-kind".
e
RELE 1238Final Exam Rele II Test
Submission: Final Exam (Chapters 13-
25) LATEST UPDATE
