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

    The MOST comprehensive method of conveying the result of an appraisal is ?

    a. the self-contained report.
    b. the form report.
    c. the restricted use report.
    d. the summary report.

    The highest bidder at a judicial foreclosure receives ?

    a. a deed.
    b. a contract.
    c. a title.
    d. a certificate of sale.

    Betty's property includes an easement over Al's land, Al's property is ?

    a. the dominant tenement.
    b. the servient tenement.
    c. the easement.
    d. the encroachment.

Real Estate Practice

    Which of the following statements regarding agency disclosure is TRUE? ?

    a. The confirmation of agency must be in writing.
    b. The three steps of the disclosure process are disclose, elect, confirm.
    c. The selling agent must confirm the agency before the buyer makes an offer.
    d. All of these are true.

    A CMA is BEST described as ?

    a. a formal appraisal.
    b. the cooperative marketing approach of multiple listings.
    c. a reflection of the reality of the marketplace.
    d. the comparative mortgage analysis performed by agents in advising buyers as to lender and loan type.

    The qualifying process includes discovering ?

    a. the buyers\\\\ motivation.
    b. the buyers\\\\ needs and interests.
    c. a down payment they can make and the amount they can finance.
    d. all of these.

Legal Aspects Of Real Estate

    An exclusive right-to-sell listing provides for 20% down and owner financing at 13% interest. The owner received a full-price cash offer that he does not wish to accept. Which is TRUE regarding the owner's rights? ?

    a. He must pay the commission but can reject the offer.
    b. He must accept the offer and pay the commission.
    c. He may reject the offer without obligation regarding commission.
    d. He may accept the offer without obligation regarding commission.

    An owner is likely to be liable to a recreational user of his property when ?

    a. he fails to post No Trespassing signs.
    b. he fails to warn against a dangerous condition.
    c. the property is urban in nature.
    d. all of these conditions exist.

    Covenants differ from conditions in that breach of a ?

    a. covenant can be legally enforced.
    b. condition could result in forfeiture.
    c. covenant can only be enforced by the HOA.
    d. covenant can result in forfeiture.

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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.