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Revision Examination Tests
“Come all for this Greatness”
... 100% Correct Ans ...
EXAM #5
TEST 2024-2025 ACTUAL EXAM COMPLETE 200-
QUESTIONS AND CORRECT DETAILED ANSWERS
Quiz The holder of a life estate designated as the named life cannot:
a) lease the property.
b) sell their interest in the property.
c) will their rights to an heir.
d) borrow against their ownership interest.
Ans: c) will their rights to an heir.
Quiz A fee simple absolute estate is defined as:
a) an estate based on a condition precedent.
b) an estate for years.
c) the highest interest one can have in real property.
d) a life estate.
Ans: c) the highest interest one can have in real property.
Quiz Land created by a river or lake that recedes permanently belongs to the owner
of the bank or shore through the process of:
a) alluvium.
,b) reliction.
c) appropriation.
d) escheat.
Ans: b) reliction.
Quiz Property improvements that do not become part of the underlying real estate at
the end of a lease term include:
a) a stairwell.
b) a wall.
c) attached carpeting.
d) large pieces of furniture.
Ans: d) large pieces of furniture.
Quiz In the order in which they are to occur, the three steps of agency disclosure
are:
a) elect, confirm, disclose.
b) disclose, confirm, disclose.
c) disclose, elect, confirm.
d) confirm, elect, disclose.
Ans: c) disclose, elect, confirm.
Quiz When a broker represents the best interests of opposing parties in a transaction
with full disclosure to both parties, the broker is known as a(n):
a) unethical agent.
b) subagent.
c) Dual agent.
d) finder.
Ans: c) Dual agent.
,Quiz Agency Law prohibits which of the following brokerage activities?
a) Accepting commissions from both the buyer and the seller.
b) Acting as an escrow.
c) Selling property they own.
d) Accepting kickbacks from the lender.
Ans: d) Accepting kickbacks from the lender.
Quiz __________ must remain the undisclosed knowledge of the dual agent, unless
authorized to release the information in a writing signed by the principal in question.
a) Confidential pricing information
b) Material facts regarding the property's condition
c) The square foot measurements of the property
d) The proximity of military ordinance
Ans: a) Confidential pricing information
Quiz An individual who has been delegated agency duties by an agent of the client,
but is not employed by the client, is referred to as a(n):
a) multiple listing partner.
b) subagent.
c) subcontractor.
d) tandem agent.
Ans: b) subagent.
Quiz A(n) __________ may be made to an offer received consisting of terms
different from those of the offer rejected.
a) waiver.
b) counteroffer.
c) ratification.
, d) novation.
Ans: b) counteroffer.
Quiz When a purchase agreement requires the seller to pay for a structural pest
control inspection and perform any necessary corrective work, the buyer needs to
receive a copy of the structural pest control report:
a) within five days of opening escrow.
b) within five working days of the date of the pest report.
c) as soon as practicable before the close of escrow.
d) no more than three business days after the close of escrow.
Ans: c) as soon as practicable before the close of escrow.
Quiz Which of the following is the most correct statement about an option to
purchase contained in a lease agreement?
a) The option to purchase will generally pass with an assignment of the lease.
b) The lease creates restrictions upon the optionee.
c) An option needs to provide mutual benefits and obligations.
d) An option creates a fiduciary relationship between the optionor and the optionee.
Ans: a) The option to purchase will generally pass with an assignment of the lease.
Quiz A broker enters into an oral listing agreement with a seller and locates a
suitable buyer who purchases the property. Payment of a commission to the broker
is:
a) a violation of the Real Estate Commissioner's regulations.
b) regarded as a violation of the Statute of Frauds.
c) a civil violation of the law.
d) unenforceable and at the option of the seller.
Ans: d) unenforceable and at the option of the seller.
Quiz When one party is substituted for another party in a contract, it is called:
Revision Examination Tests
“Come all for this Greatness”
... 100% Correct Ans ...
EXAM #5
TEST 2024-2025 ACTUAL EXAM COMPLETE 200-
QUESTIONS AND CORRECT DETAILED ANSWERS
Quiz The holder of a life estate designated as the named life cannot:
a) lease the property.
b) sell their interest in the property.
c) will their rights to an heir.
d) borrow against their ownership interest.
Ans: c) will their rights to an heir.
Quiz A fee simple absolute estate is defined as:
a) an estate based on a condition precedent.
b) an estate for years.
c) the highest interest one can have in real property.
d) a life estate.
Ans: c) the highest interest one can have in real property.
Quiz Land created by a river or lake that recedes permanently belongs to the owner
of the bank or shore through the process of:
a) alluvium.
,b) reliction.
c) appropriation.
d) escheat.
Ans: b) reliction.
Quiz Property improvements that do not become part of the underlying real estate at
the end of a lease term include:
a) a stairwell.
b) a wall.
c) attached carpeting.
d) large pieces of furniture.
Ans: d) large pieces of furniture.
Quiz In the order in which they are to occur, the three steps of agency disclosure
are:
a) elect, confirm, disclose.
b) disclose, confirm, disclose.
c) disclose, elect, confirm.
d) confirm, elect, disclose.
Ans: c) disclose, elect, confirm.
Quiz When a broker represents the best interests of opposing parties in a transaction
with full disclosure to both parties, the broker is known as a(n):
a) unethical agent.
b) subagent.
c) Dual agent.
d) finder.
Ans: c) Dual agent.
,Quiz Agency Law prohibits which of the following brokerage activities?
a) Accepting commissions from both the buyer and the seller.
b) Acting as an escrow.
c) Selling property they own.
d) Accepting kickbacks from the lender.
Ans: d) Accepting kickbacks from the lender.
Quiz __________ must remain the undisclosed knowledge of the dual agent, unless
authorized to release the information in a writing signed by the principal in question.
a) Confidential pricing information
b) Material facts regarding the property's condition
c) The square foot measurements of the property
d) The proximity of military ordinance
Ans: a) Confidential pricing information
Quiz An individual who has been delegated agency duties by an agent of the client,
but is not employed by the client, is referred to as a(n):
a) multiple listing partner.
b) subagent.
c) subcontractor.
d) tandem agent.
Ans: b) subagent.
Quiz A(n) __________ may be made to an offer received consisting of terms
different from those of the offer rejected.
a) waiver.
b) counteroffer.
c) ratification.
, d) novation.
Ans: b) counteroffer.
Quiz When a purchase agreement requires the seller to pay for a structural pest
control inspection and perform any necessary corrective work, the buyer needs to
receive a copy of the structural pest control report:
a) within five days of opening escrow.
b) within five working days of the date of the pest report.
c) as soon as practicable before the close of escrow.
d) no more than three business days after the close of escrow.
Ans: c) as soon as practicable before the close of escrow.
Quiz Which of the following is the most correct statement about an option to
purchase contained in a lease agreement?
a) The option to purchase will generally pass with an assignment of the lease.
b) The lease creates restrictions upon the optionee.
c) An option needs to provide mutual benefits and obligations.
d) An option creates a fiduciary relationship between the optionor and the optionee.
Ans: a) The option to purchase will generally pass with an assignment of the lease.
Quiz A broker enters into an oral listing agreement with a seller and locates a
suitable buyer who purchases the property. Payment of a commission to the broker
is:
a) a violation of the Real Estate Commissioner's regulations.
b) regarded as a violation of the Statute of Frauds.
c) a civil violation of the law.
d) unenforceable and at the option of the seller.
Ans: d) unenforceable and at the option of the seller.
Quiz When one party is substituted for another party in a contract, it is called:
