The CE Shop Proctor Exam Final
2026 Exam Questions with 100%
Correct Answers | Latest Update
Local real estate developments, such as a new subdivision, will likely
impact ______ the most. - 🧠 ANSWER ✔✔Aesthetics of a community
Ross thinks he knows which neighborhoods his new clients belong in, so
he tries to guide them away from the neighborhood they like. What
prohibited practice is Ross engaging in? - 🧠 ANSWER ✔✔Steering
,Which type of exclusive agency agreement in Kentucky allows a broker to
solely represent a buyer client, but doesn't guarantee the broker will
receive a commission, even if the buyer goes under contract to purchase a
property during the term of the agreement? - 🧠 ANSWER ✔✔Exclusive
buyer agency agreement
When may informed consent for dual agency be obtained? - 🧠 ANSWER
✔✔Before the fact, or as the situation arises
Joe and Emma Parsons begin informally working with their neighbor Kyle,
who's a real estate licensee, to find a bigger house. The parties have not
signed any agreements or discussed the arrangements. This is an example
of a(n) ______ agency agreement. - 🧠 ANSWER ✔✔Implied
Max built his shed just over his property line, so part of the structure
actually sits on his neighbor's property. The shed is considered a(n): - 🧠
ANSWER ✔✔Encroachment
What are the two report types permitted by the Uniform Standards of
Professional Appraisal Practice? - 🧠 ANSWER ✔✔The restricted appraisal
report and the appraisal report
,______ pipe is very durable, corrosion resistant, and can be used for hot-
water distribution lines, but it doesn't last as long as copper piping. - 🧠
ANSWER ✔✔Brass
The Nguyens must get top dollar. Competitive properties are priced at
$250,000 and $255,000. What's a good pricing strategy? - 🧠 ANSWER
✔✔Price at or just below the highest competing property.
A clause that allows the parties to agree that they won't litigate if there are
any contract disputes is a/n _________. - 🧠 ANSWER ✔✔Arbitration clause
A property appraised for $257,000 and the buyer paid $249,000. Which
value will a lender use when determining the loan-to-value ratio? - 🧠
ANSWER ✔✔249,000
What is a short sale? - 🧠 ANSWER ✔✔The sale of a property for an
amount that's less than what is owed, excluding closing costs
Why do appraisers use the Uniform Residential Appraisal Report? - 🧠
ANSWER ✔✔To provide the lender with an accurate opinion of the
property's market value
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, Which of the following best describes the fiduciary duty of confidentiality? -
🧠 ANSWER ✔✔You must not share your client's confidential information.
Why are industrial lofts and warehouses often converted for residential or
commercial uses? - 🧠 ANSWER ✔✔Because they are located in high-rent
areas or can be more profitable as a converted property than as its former
industrial use
An ______ is an addition to a sales contract and can be added without
changing other terms already agreed upon in the contract. - 🧠 ANSWER
✔✔Addendum
In the sales comparison approach, the appropriateness of the various
comparable sales in relationship to the subject is considered in a process
known as ______, where certain factors may be given more weight. - 🧠
ANSWER ✔✔Correlation
Who typically performs a CMA or BPO? - 🧠 ANSWER ✔✔Real estate
licensee
Which stage of the property ownership life cycle can be affected by income
tax issues? - 🧠 ANSWER ✔✔Acquisition, ownership, and reversion can all
be affected by income tax issues.
2026 Exam Questions with 100%
Correct Answers | Latest Update
Local real estate developments, such as a new subdivision, will likely
impact ______ the most. - 🧠 ANSWER ✔✔Aesthetics of a community
Ross thinks he knows which neighborhoods his new clients belong in, so
he tries to guide them away from the neighborhood they like. What
prohibited practice is Ross engaging in? - 🧠 ANSWER ✔✔Steering
,Which type of exclusive agency agreement in Kentucky allows a broker to
solely represent a buyer client, but doesn't guarantee the broker will
receive a commission, even if the buyer goes under contract to purchase a
property during the term of the agreement? - 🧠 ANSWER ✔✔Exclusive
buyer agency agreement
When may informed consent for dual agency be obtained? - 🧠 ANSWER
✔✔Before the fact, or as the situation arises
Joe and Emma Parsons begin informally working with their neighbor Kyle,
who's a real estate licensee, to find a bigger house. The parties have not
signed any agreements or discussed the arrangements. This is an example
of a(n) ______ agency agreement. - 🧠 ANSWER ✔✔Implied
Max built his shed just over his property line, so part of the structure
actually sits on his neighbor's property. The shed is considered a(n): - 🧠
ANSWER ✔✔Encroachment
What are the two report types permitted by the Uniform Standards of
Professional Appraisal Practice? - 🧠 ANSWER ✔✔The restricted appraisal
report and the appraisal report
,______ pipe is very durable, corrosion resistant, and can be used for hot-
water distribution lines, but it doesn't last as long as copper piping. - 🧠
ANSWER ✔✔Brass
The Nguyens must get top dollar. Competitive properties are priced at
$250,000 and $255,000. What's a good pricing strategy? - 🧠 ANSWER
✔✔Price at or just below the highest competing property.
A clause that allows the parties to agree that they won't litigate if there are
any contract disputes is a/n _________. - 🧠 ANSWER ✔✔Arbitration clause
A property appraised for $257,000 and the buyer paid $249,000. Which
value will a lender use when determining the loan-to-value ratio? - 🧠
ANSWER ✔✔249,000
What is a short sale? - 🧠 ANSWER ✔✔The sale of a property for an
amount that's less than what is owed, excluding closing costs
Why do appraisers use the Uniform Residential Appraisal Report? - 🧠
ANSWER ✔✔To provide the lender with an accurate opinion of the
property's market value
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, Which of the following best describes the fiduciary duty of confidentiality? -
🧠 ANSWER ✔✔You must not share your client's confidential information.
Why are industrial lofts and warehouses often converted for residential or
commercial uses? - 🧠 ANSWER ✔✔Because they are located in high-rent
areas or can be more profitable as a converted property than as its former
industrial use
An ______ is an addition to a sales contract and can be added without
changing other terms already agreed upon in the contract. - 🧠 ANSWER
✔✔Addendum
In the sales comparison approach, the appropriateness of the various
comparable sales in relationship to the subject is considered in a process
known as ______, where certain factors may be given more weight. - 🧠
ANSWER ✔✔Correlation
Who typically performs a CMA or BPO? - 🧠 ANSWER ✔✔Real estate
licensee
Which stage of the property ownership life cycle can be affected by income
tax issues? - 🧠 ANSWER ✔✔Acquisition, ownership, and reversion can all
be affected by income tax issues.
