m 1m|mPmamgmem|m©mcopyrightm 2024/2025m|mGrademA+
Real Estate Principles Questions &1
m m m m m
00% Correct Answers
m m
ThemTransfermDisclosuremStatementm(TDS)mismrequiredminmwhichmtypemofmtransaction?
A) Salesminvolvingmco-
ownersmB)mSalesminvolvingmfederallymregulatedmlendersmC)mSalesminvolvingmone-to-
four-familymdwellings,mexceptmformspecifiedmexemptmtransactionsmD)mOnlyminm"as-
is"msales
:~~ C)mSalesminvolvingmone-tomfour-
familymdwellings,mexceptmformspecifiedmexemptmtransactions
Tomqualifymformamrealmestatembroker'smlicense,mampersonmmustmcomplete
A) eightmcollege-levelmcourses.mB)mamtwo-yearmAAmdegree.mC)mtwomcollege-
levelmcoursesmwithinm18mmonthsmD)mamfour-yearmcollegemdegree.
:~~ D)mamfour-yearmcollegemdegree
Themappraisalmprinciplemofmregressionmprovidesmthatmampropertymofmhighermvaluemten
dsmtomdecreaseminmvaluemwhenmsurroundedmbympropertiesmof
A) lowermvaluemB)mHighermincomemC)mlowermcapitalizationmD)mdifferentmcharacter
,Master01 | September, 2024/2025 | Latest update
m m m m m
,m 2m|mPmamgmem|m©mcopyrightm 2024/2025m|mGrademA+
:~~ A)mlowermvalue
Anmeasementmbymprescriptionmterminatesmaftermnonusemfor
A) 1myear.mB)m3mmonths.mC)m5myears.mD)m180mdays.
:~~ C)m5myears.
Themsecondmpropertymtaxminstallmentmbecomesmdelinquentmon
A) Novemberm1mB)mDecemberm10mC)mAprilm10mD)mFebruarym1
:~~ C)mAprilm10
Inmamtownship,mthemsectionmnorthmofmSectionm10mis
A) Sectionm22mB)mSectionm7mC)mSectionm12mD)mSectionm3
:~~ D)mSectionm3
Whenmpropertymismusedmtomsecurempaymentmofmamdebtmormobligation,mamlienmonmthemprop
ertymismgivenmbymthemborrower,mwhomismcalled
A) ThemmortgagormB)mThemTrusteemC)mThemLendermD)mThemmortgagee
Master01 | September, 2024/2025 | Latest update
m m m m m
, m 3m|mPmamgmem|m©mcopyrightm 2024/2025m|mGrademA+
:~~ A)mThemMortgagor
Whenmampersonmdiesmwithoutmamwill,mthempersonmismsaidmtomhavemdied
A) intestatemB)mwithmamdevisemC)mwithmambequestmD)mTestate
:~~ A)mintestate
ThemRealmEstatemCommissioner'smregulationsmhave
A) nevermbeenmenforced.mB)mauthoritymonlymovermthemBREmstaff.mC)mthemsamemfor
cemandmeffectmasmlaw.mD)mnomimpactmonmlicensees
:~~ C)mthemsamemforcemandmeffectmasmlaw.
WhichmofmthemfollowingmismNOTmanmexamplemofmactualmfraud
A) lyingmB)mMisrepresentationsmmademwithoutmfraudulentmintentmC)msuppressin
gmknownmfactsmD)mampromisemmademwithoutmanymintentionmofmperformingmit
:~~ B)mMisrepresentationsmmademwithoutmfraudulentmintent
Amdeedmthatmmakesmnomexpressmormimpliedmwarrantiesmthatmthemgrantormownsma
nyminterestminmampropertymis
Master01 | September, 2024/2025 | Latest update
m m m m m
Real Estate Principles Questions &1
m m m m m
00% Correct Answers
m m
ThemTransfermDisclosuremStatementm(TDS)mismrequiredminmwhichmtypemofmtransaction?
A) Salesminvolvingmco-
ownersmB)mSalesminvolvingmfederallymregulatedmlendersmC)mSalesminvolvingmone-to-
four-familymdwellings,mexceptmformspecifiedmexemptmtransactionsmD)mOnlyminm"as-
is"msales
:~~ C)mSalesminvolvingmone-tomfour-
familymdwellings,mexceptmformspecifiedmexemptmtransactions
Tomqualifymformamrealmestatembroker'smlicense,mampersonmmustmcomplete
A) eightmcollege-levelmcourses.mB)mamtwo-yearmAAmdegree.mC)mtwomcollege-
levelmcoursesmwithinm18mmonthsmD)mamfour-yearmcollegemdegree.
:~~ D)mamfour-yearmcollegemdegree
Themappraisalmprinciplemofmregressionmprovidesmthatmampropertymofmhighermvaluemten
dsmtomdecreaseminmvaluemwhenmsurroundedmbympropertiesmof
A) lowermvaluemB)mHighermincomemC)mlowermcapitalizationmD)mdifferentmcharacter
,Master01 | September, 2024/2025 | Latest update
m m m m m
,m 2m|mPmamgmem|m©mcopyrightm 2024/2025m|mGrademA+
:~~ A)mlowermvalue
Anmeasementmbymprescriptionmterminatesmaftermnonusemfor
A) 1myear.mB)m3mmonths.mC)m5myears.mD)m180mdays.
:~~ C)m5myears.
Themsecondmpropertymtaxminstallmentmbecomesmdelinquentmon
A) Novemberm1mB)mDecemberm10mC)mAprilm10mD)mFebruarym1
:~~ C)mAprilm10
Inmamtownship,mthemsectionmnorthmofmSectionm10mis
A) Sectionm22mB)mSectionm7mC)mSectionm12mD)mSectionm3
:~~ D)mSectionm3
Whenmpropertymismusedmtomsecurempaymentmofmamdebtmormobligation,mamlienmonmthemprop
ertymismgivenmbymthemborrower,mwhomismcalled
A) ThemmortgagormB)mThemTrusteemC)mThemLendermD)mThemmortgagee
Master01 | September, 2024/2025 | Latest update
m m m m m
, m 3m|mPmamgmem|m©mcopyrightm 2024/2025m|mGrademA+
:~~ A)mThemMortgagor
Whenmampersonmdiesmwithoutmamwill,mthempersonmismsaidmtomhavemdied
A) intestatemB)mwithmamdevisemC)mwithmambequestmD)mTestate
:~~ A)mintestate
ThemRealmEstatemCommissioner'smregulationsmhave
A) nevermbeenmenforced.mB)mauthoritymonlymovermthemBREmstaff.mC)mthemsamemfor
cemandmeffectmasmlaw.mD)mnomimpactmonmlicensees
:~~ C)mthemsamemforcemandmeffectmasmlaw.
WhichmofmthemfollowingmismNOTmanmexamplemofmactualmfraud
A) lyingmB)mMisrepresentationsmmademwithoutmfraudulentmintentmC)msuppressin
gmknownmfactsmD)mampromisemmademwithoutmanymintentionmofmperformingmit
:~~ B)mMisrepresentationsmmademwithoutmfraudulentmintent
Amdeedmthatmmakesmnomexpressmormimpliedmwarrantiesmthatmthemgrantormownsma
nyminterestminmampropertymis
Master01 | September, 2024/2025 | Latest update
m m m m m
