CRP - PRACTICE TEST #1 (2025) QUESTIONS WITH
100% SOLVED ANSWERS 2025!!
What plays a significant role in attracting talent and starts when the candidate
says "Yes"?
a. Out boarding
b. Team meetings
c. Partnership support
d. Onboarding Answer - d. Onboarding
The author of "Real Estate Tech Evolution During COVID-19" says the option to
sign documents in person may always be available, but if anything, the
pandemic has shown, it's that we must have what in place?
a) RON remote online notarization
b) e-recording
c) e-Sign
d) Alternatives Answer - d) Alternatives
In an AV program, what is the predominate method for calculating a
bonus/incentive?
a) Percent of buyer's offer with no dollar maximum
b) Percent of buyer's offer with a dollar maximum
,c) Using a sliding scale based on the amount of time required to find a buyer
d) A flat dollar amount Answer - b) Percent of buyer's offer with a dollar
maximum
Since it published Rev. Rul. 82-204, IRS has taken the position that most costs
incurred by the employer in buying and selling the employee's home are:
a) Ordinary
b) Capital
c) Non-deductible
d) Not tax protected Answer - b) Capital
An employee goes on a short term assignment. Which expense is not tax
deductible?
a) HHG expenses
b) Moving of personal effects
c) Automobile shipment
d) Per diem Answer - a) HHG expenses
"Sustainable Moves" explains that while sustainability is a natural fit within the
mobility community, it is:
a) Virtually unheard of
b) Attracting more and more interest
c) Part of most policies
d) Largely in the background Answer - d) Largely in the background
,"The Lowdown on Gross-Up" says that after her recruitment and subsequent
move, Julie was surprised that she owed $11,000 income tax. What did her
accountant tell her about reimbursements received for her relocation expenses
of $30,000?
a) She should have consulted with a tax professional before her move
b) She shouldn't be surprised as this is a typical tax consequence after an
expensive move
c) Her relocation expenses weren't grossed up properly by her company
d) She should have been given a copy of the gross-up policy during her
recruitment to the new position Answer - c) Her relocation expenses weren't
grossed up properly by her company
If an expat purchases a home in the new location, what benefit will most
companies give the assignee?
a) Mortgage subsidy
b) Home marketing benefits
c) A pre-tax flexible spending account
d) Home purchase benefits Answer - d) Home purchase benefits
The goods and services differential (GSD)/Cost-Of-Living Allowance (COLA) is
designed to provide approximately the same goods and services purchasing
power in the host country that the assignee would have had in their home
country. What is this based on?
a) The assignee's bonus level
b) Percentage of assignee's salary level in host location
, c) Percentage of assignee's salary level in home location
d) Assignee's family size and salary level Answer - d) Assignee's family size and
salary level
In which type of home purchase program does the employee pay the most
taxes?
a) Appraised value program
b) Assigned sale
c) Amended value option
d) Buyer value option Answer - b) Assigned sale
Per "Past, Present and Future of Household Goods Moving" one of the greatest
difficulties for both the moving and storage industry and RMCs, particularly at
peak periods, is a shortage of:
a) Storage facilities
b) Clients
c) Equity funding
d) Trucks and drivers Answer - d) Trucks and drivers
What does the principle of substitution used in residential appraising state?
a) A seller should not list his house higher than the relocation appraisal value
b) A buyer would not pay more for a property than the cost of acquiring an
equally desirable substitute property
c) An appraiser can substitute any comparable property on an income
approach appraisal
100% SOLVED ANSWERS 2025!!
What plays a significant role in attracting talent and starts when the candidate
says "Yes"?
a. Out boarding
b. Team meetings
c. Partnership support
d. Onboarding Answer - d. Onboarding
The author of "Real Estate Tech Evolution During COVID-19" says the option to
sign documents in person may always be available, but if anything, the
pandemic has shown, it's that we must have what in place?
a) RON remote online notarization
b) e-recording
c) e-Sign
d) Alternatives Answer - d) Alternatives
In an AV program, what is the predominate method for calculating a
bonus/incentive?
a) Percent of buyer's offer with no dollar maximum
b) Percent of buyer's offer with a dollar maximum
,c) Using a sliding scale based on the amount of time required to find a buyer
d) A flat dollar amount Answer - b) Percent of buyer's offer with a dollar
maximum
Since it published Rev. Rul. 82-204, IRS has taken the position that most costs
incurred by the employer in buying and selling the employee's home are:
a) Ordinary
b) Capital
c) Non-deductible
d) Not tax protected Answer - b) Capital
An employee goes on a short term assignment. Which expense is not tax
deductible?
a) HHG expenses
b) Moving of personal effects
c) Automobile shipment
d) Per diem Answer - a) HHG expenses
"Sustainable Moves" explains that while sustainability is a natural fit within the
mobility community, it is:
a) Virtually unheard of
b) Attracting more and more interest
c) Part of most policies
d) Largely in the background Answer - d) Largely in the background
,"The Lowdown on Gross-Up" says that after her recruitment and subsequent
move, Julie was surprised that she owed $11,000 income tax. What did her
accountant tell her about reimbursements received for her relocation expenses
of $30,000?
a) She should have consulted with a tax professional before her move
b) She shouldn't be surprised as this is a typical tax consequence after an
expensive move
c) Her relocation expenses weren't grossed up properly by her company
d) She should have been given a copy of the gross-up policy during her
recruitment to the new position Answer - c) Her relocation expenses weren't
grossed up properly by her company
If an expat purchases a home in the new location, what benefit will most
companies give the assignee?
a) Mortgage subsidy
b) Home marketing benefits
c) A pre-tax flexible spending account
d) Home purchase benefits Answer - d) Home purchase benefits
The goods and services differential (GSD)/Cost-Of-Living Allowance (COLA) is
designed to provide approximately the same goods and services purchasing
power in the host country that the assignee would have had in their home
country. What is this based on?
a) The assignee's bonus level
b) Percentage of assignee's salary level in host location
, c) Percentage of assignee's salary level in home location
d) Assignee's family size and salary level Answer - d) Assignee's family size and
salary level
In which type of home purchase program does the employee pay the most
taxes?
a) Appraised value program
b) Assigned sale
c) Amended value option
d) Buyer value option Answer - b) Assigned sale
Per "Past, Present and Future of Household Goods Moving" one of the greatest
difficulties for both the moving and storage industry and RMCs, particularly at
peak periods, is a shortage of:
a) Storage facilities
b) Clients
c) Equity funding
d) Trucks and drivers Answer - d) Trucks and drivers
What does the principle of substitution used in residential appraising state?
a) A seller should not list his house higher than the relocation appraisal value
b) A buyer would not pay more for a property than the cost of acquiring an
equally desirable substitute property
c) An appraiser can substitute any comparable property on an income
approach appraisal
