1|Page
ASREB PRACTICE EXAM,SESSIONS 1-18 ,STUDY
GUIDE WITH CORRECT 250+ QUESTIONS AND
ANSWERS GOOD SCORE IS GUARANTEED LATEST
2024 – 2025 GRADE A+
A 3.45-acre lot sells for 50 cents per square foot. What is the selling price?
A) $37,570
B) $75,141
C) $76,230
D) $78,712 - (answers)B
3.45 acres x 43,560 = 150,282 SF
150,282 SF x $0.50 = $75,141
A blind ad refers to an ad that
A) provides no price.
B) provides no address.
C) gives no indication that the property is listed with a broker.
D) gives no indication that the property has bene sold or not. - (answers)C
,2|Page
A borrower is required to put 10% down for the purchase of a property. The 10%
down would be considered
A) equity.
B) boot.
C) tax shelter.
D) leverage. - (answers)A
A broker, acting as a property manager, would be what type of agent?
A) special
B) general
C) implied
D) ostensible - (answers)B
A buyer pays 20% down and obtains a real estate mortgage. The buyer makes no
further payments. What clause would the lender now exercise?
A) alienation
B) habendum
C) novation
D) acceleration - (answers)D
,3|Page
When a new home is still under construction, the County Assessor may
A) increase the assessed value ration.
B) increase the full cash value.
C) decrease the tax rate.
D) appeal the limited property value. - (answers)B
A contract has been signed, but title has not yet been passed. The contract is
A) executed.
B) executory.
C) recorded
D) estopped. - (answers)B
A handicapped person is leasing a house that requires modification. Which of the
following is TRUE about the modification?
A) The lessor may forbid handicapped modifications.
B) The lessor can require the lessee to reasonably restore the property at the end
of the lease.
C) The lessor must pay for the modifications.
, 4|Page
D) The lessor can increase the rent due to the risk of the handicapped person. -
(answers)B
A holdover tenant would have a(n)
A) estate at sufferance.
B) estate at well.
C) freehold estate.
D) remainder estate. - (answers)A
Which of these property classifications is used for vacant land?
A) Class 1
B) Class 2
C) Class 3
D) Class 4 - (answers)B
A house costs $100,000. The buyer is making a down payment of $32,000 and
getting a $68,000 loan. If there are 4 points, how much money will be paid out of
the closing for the points?
A) $400
B) $1,280
ASREB PRACTICE EXAM,SESSIONS 1-18 ,STUDY
GUIDE WITH CORRECT 250+ QUESTIONS AND
ANSWERS GOOD SCORE IS GUARANTEED LATEST
2024 – 2025 GRADE A+
A 3.45-acre lot sells for 50 cents per square foot. What is the selling price?
A) $37,570
B) $75,141
C) $76,230
D) $78,712 - (answers)B
3.45 acres x 43,560 = 150,282 SF
150,282 SF x $0.50 = $75,141
A blind ad refers to an ad that
A) provides no price.
B) provides no address.
C) gives no indication that the property is listed with a broker.
D) gives no indication that the property has bene sold or not. - (answers)C
,2|Page
A borrower is required to put 10% down for the purchase of a property. The 10%
down would be considered
A) equity.
B) boot.
C) tax shelter.
D) leverage. - (answers)A
A broker, acting as a property manager, would be what type of agent?
A) special
B) general
C) implied
D) ostensible - (answers)B
A buyer pays 20% down and obtains a real estate mortgage. The buyer makes no
further payments. What clause would the lender now exercise?
A) alienation
B) habendum
C) novation
D) acceleration - (answers)D
,3|Page
When a new home is still under construction, the County Assessor may
A) increase the assessed value ration.
B) increase the full cash value.
C) decrease the tax rate.
D) appeal the limited property value. - (answers)B
A contract has been signed, but title has not yet been passed. The contract is
A) executed.
B) executory.
C) recorded
D) estopped. - (answers)B
A handicapped person is leasing a house that requires modification. Which of the
following is TRUE about the modification?
A) The lessor may forbid handicapped modifications.
B) The lessor can require the lessee to reasonably restore the property at the end
of the lease.
C) The lessor must pay for the modifications.
, 4|Page
D) The lessor can increase the rent due to the risk of the handicapped person. -
(answers)B
A holdover tenant would have a(n)
A) estate at sufferance.
B) estate at well.
C) freehold estate.
D) remainder estate. - (answers)A
Which of these property classifications is used for vacant land?
A) Class 1
B) Class 2
C) Class 3
D) Class 4 - (answers)B
A house costs $100,000. The buyer is making a down payment of $32,000 and
getting a $68,000 loan. If there are 4 points, how much money will be paid out of
the closing for the points?
A) $400
B) $1,280
