Free Real Estate Practice Exam | ADHI Schools

ADHI SCHOOLS
REAL ESTATE PRACTICE TEST

Sharpen Your Real Estate Mind!

Think you've got a grasp of real estate? Test your knowledge of key real estate principles with our short 9-question quiz. See how well you understand the fundamentals!

Real Estate Principles

    All water heaters must be ?

    a. cemented in place.
    b. braced, anchored, or strapped.
    c. at least 80 gallons in capacity.
    d. warranted by the state.

    Four discount points will increase a lender's effective yield by approximately ?

    a. 1/4%
    b. 1/8%
    c. 1/2%
    d. 4%%

    The property tax year runs from ?

    a. January 1 through December 31.
    b. April 10 through December 10.
    c. July 1 through June 30.
    d. December 10 through December 9.

Real Estate Practice

    An example of a nongeographic farm would be specialization in ?

    a. mobile homes.
    b. income property.
    c. lots.
    d. any of these.

    A danger that an adjustable-rate mortgage poses to a buyer is ?

    a. higher payments if intertest rates increase.
    b. a longer payment period if interest rates increase.
    c. that the margin will increase.
    d. none of these.

    An agent sold a property where the owner had verbally agreed to pay a commission. The agent would be legally entitled to a commission from the owner for the sale if the agent had ?

    a. relied on the verbal promise.
    b. made a written memorandum of the agreement signed by the agent.
    c. obtained a valid buyer listing agreement.
    d. none of the above.

Legal Aspects Of Real Estate

    Which is TRUE of restrictive covenants? ?

    a. They run with the land,
    b. If not recorded, they are not binding on a subsequent purchaser without notice.
    c. They are usually negative covenants.
    d. All of these are true.

    Which statement about options is FALSE? ?

    a. Consideration is necessary for a valid option.
    b. The optionee has the option to exercise or refrain from exercising the option.
    c. The optionor can revoke the option by returning the consideration.
    d. Options can be assigned unless personal in nature or prohibited by the option terms.

    Two separate corporations could hold title together as ?

    a. tenants in severalty.
    b. joint tenants.
    c. community property.
    d. a partnership.

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"Hey guys,

I took the exam today and passed!!!!
It only took me one try which was one of my goals. I took the online
classes and follow your suggestions so I took the crash course,
used the crash course app a lot, took 7 mock tests and went
confident to present the exam. Thank you for the great job you are
doing, you guys are awesome!!!! May God continue to bless you!"

Willie V.