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

    Unless the seller provides the necessary documentation, part of the proceeds of a sale of real property must be withheld for federal tax purposes as provided by ?

    a. the FHA.
    b. Fannie Mae.
    c. FIRPTA.
    d. the IRS.

    The time period in which a lawsuit can be brought is set by ?

    a. the equal dignities rule.
    b. the statute of frauds.
    c. the statute of limitations.
    d. the probate court.

    The notice of value sets the upper limit of value for ?

    a. the purchase price.
    b. the loan.
    c. the guarantee.
    d. none of the above.

Real Estate Practice

    All of the following statements regarding an exclusive-right-to-sell listing are true EXCEPT ?

    a. escrow does have to close for an agent to be entitled to a commission.
    b. it must have a termination date for the agent to be able to collect a commission.
    c. the agent must give the owner a copy of the listing when the owner signs.
    d. the agent is precluded from working with.

    A broker refused to show a young Hispanic family of five a condominium about which they had inquired. The broker's action would be proper if ?

    a. the broker considered the unit too small for the family.
    b. there were no other children in the development.
    c. the development has an age exemption because all occupants are 55 years of age or older.
    d. 70% of the units are occupied by elderly.

    A broker with a disabled employee widened the doorway to the restroom to accommodate a wheelchair. This work was performed to comply with the ?

    a. Civil Rights Act of 1866
    b. Americans with Disabilities Act.
    c. Rumford Act.
    d. Fair Housing Amendment Act of 1988.

Legal Aspects Of Real Estate

    Able's property was taken by the city for a new civic center. Baker was Able's tenant in the property and had five years remaining on an advantageous lease. Which statement is TRUE of Baker's rights? ?

    a. Baker's only right is to 30-day notification.
    b. Baker has rights against Able for the value of his lease interest.
    c. Baker has rights against the city for the value of his lease interest.
    d. Both b and c are true of Baker's rights.

    After a man's death, a deed giving his home to a nephew is discovered in the same envelope as his will. The will, dated before the deed, gave the house to his church. Who gets the house? ?

    a. The church, because the will was dated before the deed.
    b. The church, because the deed was never delivered.
    c. The nephew, because the deed was dated later and thus modified the will.
    d. The nephew, because the deeds have priority over wills.

    A tenant who remains in possession after giving notice that she would vacate the premises becomes ?

    a. a tenant at will.
    b. a tenant at sufferance.
    c. an indefeasible tenant.
    d. none of these.

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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!"

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