AMP REAL ESTATE SALESPERSON
PRACTICE LATEST EXAM 2 2025 WITH
QUESTIONS AND ANSWERS GRADED A+
VERIFIED SUCCESS!!!!!!!!
12. If a lender agrees to make a loan based on an 80% LTV,
what is the amount of a loan for a property appraised for
$135,000 and a sale price of $137,800?
A. $16,875
B. $110,240
C. $108,000
D. $117,800 - CORRECT ANSWER- C
13. Broker Murphy has finalized the negotiation on his listing at
1000 Cash Avenue. He received earnest money of $5,000 for
the deal. What must he do with the earnest money?
A. Put the check in the deal file and turn it over to the closing
agency when it closes.
B. Put the check in his company's escrow account.
C. Put the check in his company's operating account.
D. Put the check in his personal account. - CORRECT
ANSWER- B
,14. Sarah and George co-own a property as joint tenants.
There are no other co-owners besides Sarah and George. If
George dies, what happens to his interest in the property? A. It
escheats to the state.
B. It is subject to dower rights.
C. It passes to George's heirs.
D. It automatically passes to Sarah. - CORRECT ANSWER- D
15. A good real estate salesperson should know that radon is
a type of hazardous A. gas.
B. pesticide.
C. paint.
D. insulation material. - CORRECT ANSWER- A
16. Which of the following would most likely be considered
incurable depreciation? A. A broken window
B. A roof with curled and cracked shingles
C. The home's location changing to industrial zoning
D. Rotted fencing - CORRECT ANSWER- C
17. What piece of information about a property must not be
disclosed to a prospective buyer?
A. A death that occurred in the property
B. Asbestos insulation
C. The religious affiliation of the neighbors
,D. Mold caused by floodwater in the basement - CORRECT
ANSWER-
C
18. When the appraiser estimates the value of an investment
property, the potential gross income includes all of the following
EXCEPT
A. payment of full rental prices by all tenants with full
occupancy.
B. licensing fees by vendors and concessionaires.
C. parking and storage fees.
D. settlement by the state for the loss of land by eminent
domain. - CORRECT ANSWER- D
19. The formula for determining the value of investment
property is
A. net operating income divided by capitalization rate = value.
B. potential gross income divided by capitalization rate = value.
C. effective gross income × capitalization rate = value.
D. cost of replacing the property × capitalization rate = value. -
CORRECT ANSWER-A
20. When may a broker, functioning as an intermediary, appoint
one licensee to communicate with the seller and another
licensee to communicate with the buyer?
A. when, in the judgment of the broker, it is best to make
such appointments
, B. when written permission to do so has been obtained from
both of the parties
C. when the parties have given verbal approval to make such
appointments
D. when the seller has given written consent for the broker to
do so - CORRECT ANSWER- B
21. Which of the following is the most important factor for a
lender in determining credit worthiness?
A. Applicant's age
B. Applicant's source of income
C. Applicant's credit history
D. Applicant's gender - CORRECT ANSWER- C
22. The type of listing agreement that provides the
least protection for the listing broker is A. exclusive
right to sell listing.
B. exclusive agency listing.
C. open listing.
D. multiple listing. - CORRECT ANSWER- C
23. As the buyer's agent, your client is a person from China
who is moving to the United States to run a Chinese import
business. You only show her properties where it is obvious that
the majority of residents are of Chinese ancestry. Have you
violated any fair housing laws?
PRACTICE LATEST EXAM 2 2025 WITH
QUESTIONS AND ANSWERS GRADED A+
VERIFIED SUCCESS!!!!!!!!
12. If a lender agrees to make a loan based on an 80% LTV,
what is the amount of a loan for a property appraised for
$135,000 and a sale price of $137,800?
A. $16,875
B. $110,240
C. $108,000
D. $117,800 - CORRECT ANSWER- C
13. Broker Murphy has finalized the negotiation on his listing at
1000 Cash Avenue. He received earnest money of $5,000 for
the deal. What must he do with the earnest money?
A. Put the check in the deal file and turn it over to the closing
agency when it closes.
B. Put the check in his company's escrow account.
C. Put the check in his company's operating account.
D. Put the check in his personal account. - CORRECT
ANSWER- B
,14. Sarah and George co-own a property as joint tenants.
There are no other co-owners besides Sarah and George. If
George dies, what happens to his interest in the property? A. It
escheats to the state.
B. It is subject to dower rights.
C. It passes to George's heirs.
D. It automatically passes to Sarah. - CORRECT ANSWER- D
15. A good real estate salesperson should know that radon is
a type of hazardous A. gas.
B. pesticide.
C. paint.
D. insulation material. - CORRECT ANSWER- A
16. Which of the following would most likely be considered
incurable depreciation? A. A broken window
B. A roof with curled and cracked shingles
C. The home's location changing to industrial zoning
D. Rotted fencing - CORRECT ANSWER- C
17. What piece of information about a property must not be
disclosed to a prospective buyer?
A. A death that occurred in the property
B. Asbestos insulation
C. The religious affiliation of the neighbors
,D. Mold caused by floodwater in the basement - CORRECT
ANSWER-
C
18. When the appraiser estimates the value of an investment
property, the potential gross income includes all of the following
EXCEPT
A. payment of full rental prices by all tenants with full
occupancy.
B. licensing fees by vendors and concessionaires.
C. parking and storage fees.
D. settlement by the state for the loss of land by eminent
domain. - CORRECT ANSWER- D
19. The formula for determining the value of investment
property is
A. net operating income divided by capitalization rate = value.
B. potential gross income divided by capitalization rate = value.
C. effective gross income × capitalization rate = value.
D. cost of replacing the property × capitalization rate = value. -
CORRECT ANSWER-A
20. When may a broker, functioning as an intermediary, appoint
one licensee to communicate with the seller and another
licensee to communicate with the buyer?
A. when, in the judgment of the broker, it is best to make
such appointments
, B. when written permission to do so has been obtained from
both of the parties
C. when the parties have given verbal approval to make such
appointments
D. when the seller has given written consent for the broker to
do so - CORRECT ANSWER- B
21. Which of the following is the most important factor for a
lender in determining credit worthiness?
A. Applicant's age
B. Applicant's source of income
C. Applicant's credit history
D. Applicant's gender - CORRECT ANSWER- C
22. The type of listing agreement that provides the
least protection for the listing broker is A. exclusive
right to sell listing.
B. exclusive agency listing.
C. open listing.
D. multiple listing. - CORRECT ANSWER- C
23. As the buyer's agent, your client is a person from China
who is moving to the United States to run a Chinese import
business. You only show her properties where it is obvious that
the majority of residents are of Chinese ancestry. Have you
violated any fair housing laws?
