STUDENTS SUCCESS
Revision Examination Tests
“Come all for this Greatness”
... 100% Correct Ans ...
REAL ESTATE PRACTICE EXAM QUESTIONS 2024-2025 ACTUAL EXAM
COMPLETE 200- QUESTIONS AND CORRECT DETAILED ANSWERS
Quiz 1. Brokerage definition...
Ans: the business practice of bringing together the parties in a practice.
Quiz 2. What are two examples of special use property?
Ans: schools and cemetary
Quiz 3. What is an example of functional obsolescence?
Ans: bathroom
Quiz 4. Principal definition...
Ans: a consumer of real estate services who has entered into an agency relationship
with a broker or another licensee employed by a broker.
Quiz 5. Capitalization definition...
Ans: the process of determining the present value of a property from it's future
income.
Quiz 6. What is the salespersons obligation to a buyer under single agency listing?
Ans: Inform the buyer
Quiz 8. All are examples of real estate except...
Ans: factories
Quiz 9. What is homeowners insurance?
, Ans: Insurance to protect owners from fires and other etc.
Quiz 10. Special agent definition...
Ans: the type of agency in which the principal authorizes the agent to represent the
agent in "one specific transaction or business activity"
Quiz 11. Which is not used to determine cost approach to estimate value?
-Quantity Survey Method
-Unit-in-Place Method
-Square Foot Method
-Gross Rent Multiplier Method
Ans: Gross Rent Multiplier Method
Quiz What is steering?
Ans: the unlawful act of keeping a buyer away from certain communities or guiding
them to purchase in certain communities.
Quiz 15. Entitlement to commission when transaction is not consummated.
Ans: Except when listing broker does not disclose information
Quiz 16. Can a salesperson give legal advice?
Ans: No, not unless they are an attorney.
Quiz 17. Who determines the commission in a listing contract?
Ans: An agreement between the owner and broker
Quiz 19. All are typical duties of a property manager with the exception of...
Ans: Investing profits
Quiz 20. Transfer tax is typically paid by for by whom?
Ans: Buyer and seller
Quiz 21. Blockbusting definition...
Ans: An illegal real estate practice caused by inciting fear and panic selling by
suggesting that persons of minority background are or may be moving into an area
or that the majority of residents are moving out of an area.
Quiz 23. Special agency listing definition...
Ans: n/a
Revision Examination Tests
“Come all for this Greatness”
... 100% Correct Ans ...
REAL ESTATE PRACTICE EXAM QUESTIONS 2024-2025 ACTUAL EXAM
COMPLETE 200- QUESTIONS AND CORRECT DETAILED ANSWERS
Quiz 1. Brokerage definition...
Ans: the business practice of bringing together the parties in a practice.
Quiz 2. What are two examples of special use property?
Ans: schools and cemetary
Quiz 3. What is an example of functional obsolescence?
Ans: bathroom
Quiz 4. Principal definition...
Ans: a consumer of real estate services who has entered into an agency relationship
with a broker or another licensee employed by a broker.
Quiz 5. Capitalization definition...
Ans: the process of determining the present value of a property from it's future
income.
Quiz 6. What is the salespersons obligation to a buyer under single agency listing?
Ans: Inform the buyer
Quiz 8. All are examples of real estate except...
Ans: factories
Quiz 9. What is homeowners insurance?
, Ans: Insurance to protect owners from fires and other etc.
Quiz 10. Special agent definition...
Ans: the type of agency in which the principal authorizes the agent to represent the
agent in "one specific transaction or business activity"
Quiz 11. Which is not used to determine cost approach to estimate value?
-Quantity Survey Method
-Unit-in-Place Method
-Square Foot Method
-Gross Rent Multiplier Method
Ans: Gross Rent Multiplier Method
Quiz What is steering?
Ans: the unlawful act of keeping a buyer away from certain communities or guiding
them to purchase in certain communities.
Quiz 15. Entitlement to commission when transaction is not consummated.
Ans: Except when listing broker does not disclose information
Quiz 16. Can a salesperson give legal advice?
Ans: No, not unless they are an attorney.
Quiz 17. Who determines the commission in a listing contract?
Ans: An agreement between the owner and broker
Quiz 19. All are typical duties of a property manager with the exception of...
Ans: Investing profits
Quiz 20. Transfer tax is typically paid by for by whom?
Ans: Buyer and seller
Quiz 21. Blockbusting definition...
Ans: An illegal real estate practice caused by inciting fear and panic selling by
suggesting that persons of minority background are or may be moving into an area
or that the majority of residents are moving out of an area.
Quiz 23. Special agency listing definition...
Ans: n/a
