ACEABLE AGENT - PRINCIPLES OF REAL
ESTATE II EXAM NEWEST 2026 WITH
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED
ANSWERS) PLUS RATIONALES |ALREADY
GRADED A+||BRAND NEW VERSION!!
1. What is real property?
A. Personal belongings
B. Land and anything permanently attached
C. Furniture
D. Trade fixtures
Correct Answer: B
Rationale: Real property includes land and all things permanently attached (structures, fixtures,
etc.).
2. A real estate licensee who represents a seller is what type
of agent?
A. Dual agent
B. Subagent
C. Buyer’s agent
D. Seller’s agent
Correct Answer: D
Rationale: The licensee represents the seller in transactional duties.
3. What is the primary purpose of disclosure laws?
,A. Provide opinions
B. Reveal material facts to buyers
C. Increase commissions
D. Promote listings
Correct Answer: B
Rationale: Disclosure laws require revealing material facts that affect value or desirability.
4. An example of a fixture would be:
A. RGB TV
B. Wall-mounted light fixture
C. Area rug
D. Sofa
Correct Answer: B
Rationale: Fixture is permanently attached and becomes part of the real property.
5. A listing agreement is:
A. Always bilateral
B. Unilateral contract
C. A lease
D. A mortgage
Correct Answer: A
Rationale: A listing is a bilateral contract where both parties promise performance.
6. The process of transferring ownership from seller to
buyer is called:
A. Escrow
B. Closing
C. Deed delivery
D. Settlement
Correct Answer: B
Rationale: Closing is the final step in transferring title.
, 7. In agency law, loyalty requires the agent to:
A. Act in own interest
B. Put client’s interest first
C. Share confidential info
D. Ignore client’s interests
Correct Answer: B
Rationale: Loyalty means the agent must act in the client’s best interests.
8. The term “bundle of rights” refers to:
A. Mortgage payments
B. Ownership rights associated with property
C. Leasehold estate
D. Business licenses
Correct Answer: B
Rationale: Bundle of rights includes possession, use, control, exclusion, and disposition.
9. A valid contract must include:
A. Signatures only
B. Offer, acceptance, consideration, legality, capacity
C. Witnesses only
D. Notarization
Correct Answer: B
Rationale: These are essential elements of a valid contract.
10. If a buyer rescinds a contract, the contract is:
A. Ratified
B. Voided
C. Terminated
D. Enforced
ESTATE II EXAM NEWEST 2026 WITH
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED
ANSWERS) PLUS RATIONALES |ALREADY
GRADED A+||BRAND NEW VERSION!!
1. What is real property?
A. Personal belongings
B. Land and anything permanently attached
C. Furniture
D. Trade fixtures
Correct Answer: B
Rationale: Real property includes land and all things permanently attached (structures, fixtures,
etc.).
2. A real estate licensee who represents a seller is what type
of agent?
A. Dual agent
B. Subagent
C. Buyer’s agent
D. Seller’s agent
Correct Answer: D
Rationale: The licensee represents the seller in transactional duties.
3. What is the primary purpose of disclosure laws?
,A. Provide opinions
B. Reveal material facts to buyers
C. Increase commissions
D. Promote listings
Correct Answer: B
Rationale: Disclosure laws require revealing material facts that affect value or desirability.
4. An example of a fixture would be:
A. RGB TV
B. Wall-mounted light fixture
C. Area rug
D. Sofa
Correct Answer: B
Rationale: Fixture is permanently attached and becomes part of the real property.
5. A listing agreement is:
A. Always bilateral
B. Unilateral contract
C. A lease
D. A mortgage
Correct Answer: A
Rationale: A listing is a bilateral contract where both parties promise performance.
6. The process of transferring ownership from seller to
buyer is called:
A. Escrow
B. Closing
C. Deed delivery
D. Settlement
Correct Answer: B
Rationale: Closing is the final step in transferring title.
, 7. In agency law, loyalty requires the agent to:
A. Act in own interest
B. Put client’s interest first
C. Share confidential info
D. Ignore client’s interests
Correct Answer: B
Rationale: Loyalty means the agent must act in the client’s best interests.
8. The term “bundle of rights” refers to:
A. Mortgage payments
B. Ownership rights associated with property
C. Leasehold estate
D. Business licenses
Correct Answer: B
Rationale: Bundle of rights includes possession, use, control, exclusion, and disposition.
9. A valid contract must include:
A. Signatures only
B. Offer, acceptance, consideration, legality, capacity
C. Witnesses only
D. Notarization
Correct Answer: B
Rationale: These are essential elements of a valid contract.
10. If a buyer rescinds a contract, the contract is:
A. Ratified
B. Voided
C. Terminated
D. Enforced
