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 location of a house on its site is called its ?

    a. view.
    b. architecture.
    c. orientation.
    d. floor plan.

    A relatively inexpensive and easy-to-install interior wall finishing is ?

    a. plasterboard.
    b. drywall.
    c. wallboard.
    d. all of these.

    Earthquake protection I provided by ?

    a. anchor bolts.
    b. cross-bracing.
    c. plywood sheathing.
    d. all of these.

Real Estate Practice

    The CAN-SPAM Act puts controls on unsolicited ?

    a. fax messages.
    b. misleading emails.
    c. residential phone calls.
    d. real estate assistants.

    An owner tells you that Agent Jones told her she could get far more for her home than your CMA indicates. What is your BEST response? ?

    a. "Many unethical agents will promise the moon to get listings and then fail to perform."
    b. "I am willing to take the listing at that price, but if we don't attract buyers we will reevaluate the price."
    c. "I don't believe it. No agent who knows the market would set a price that high."
    d. "I think my comparative market analysis covers all recent comparables and clearly shows the market value. May I please look at the comparative market analysis that Agent Jones prepared for you?"

    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

    New zoning that prohibits an existing use would NOT provide for ?

    a. immediate closure.
    b. the time period for closure.
    c. prohibition of expansion.
    d. continuation of use by a nonconforming user.

    An offer would NOT be terminated by ?

    a. revocation by the offeror.
    b. a counteroffer.
    c. request for an extension for acceptance by the offeree.
    d. the death of the offeror.

    A seller's broker may NOT inform a prospective purchaser that ?

    a. the owner will accept less than the list price.
    b. the present use of the structure does not conform to zoning.
    c. there are material defects in the improvements.
    d. the building is on filled land.