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

    An officer of Ajax Corporation, who is not a real estate licensee, successfully negotiated the purchase of the Smith Widget Plant on behalf of Ajax. The officer received a commission on the sale in addition to his normal salary. The officer of Ajax Corporation ?

    a. did not need a real estate license for the deal.
    b. should have had a real estate license.
    c. is exempt from licensing requirements.
    d. none of these.

    When Aunt Winifred died, she left a life estate in Whiteacre to her nephew George. When George dies, Whiteacre will go to George's daughter Elizabeth. Elizabeth is ?

    a. a reversioner.
    b. a remainderman.
    c. a holder of a life estate.
    d. a joint tenant with right of survivorship.

    The agent owes the principal the duty of ?

    a. loyalty.
    b. compensation.
    c. extraordinary care and skill.
    d. dual representation.

Real Estate Practice

    In showing property, you should ?

    a. never show a prospect more than three homes in one day.
    b. show prospects a really nice home they can't afford in order to keep up their interest.
    c. never change your showing plans once you start.
    d. do none of these.

    A prospective buyer says, "The price is too high." The BEST response is ?

    a. "I think the price is fair."
    b. "Why don't you offer less?"
    c. "The comparable sales don't bear that out."
    d. "Why do you feel that the price is too high?"

    The MOST cost-effective advertising medium for selling a home likely would be ?

    a. television.
    b. the internet.
    c. classified newspaper ads.
    d. billboards.

Legal Aspects Of Real Estate

    Which is an example of blind advertising? ?

    a. Failure to advertise a location.
    b. Failure to indicate that the advertiser is an agent.
    c. Failure to include the name of the agent.
    d. Failure to include the price.

    Which is TRUE regarding title insurance? ?

    a. Executors and heirs are protected by the title insurance of the deceased insured.
    b. A buyer obtains greater title protection if the lender is issued an extended-coverage policy.
    c. Both of these are true.
    d. Neither of these is true.

    The effect of a hold-harmless clause is that it ?

    a. warrants that the property presents no risks.
    b. indicates the property is to be sold "as is."
    c. means the owner agrees to indemnify the agent for losses suffered because of the owner's failure to disclose or the owner's incorrect disclosure.
    d. does 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!"

Willie V.