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

    A security deposit on furnished residential property can be no more than ?

    a. two months\' rent.
    b. three months\' rent.
    c. a reasonable amount.
    d. $2000.00

    For real estate to be conveyed, there must be an accurate ?

    a. fence line.
    b. description.
    c. soil chemical analysis.
    d. water test.

    Planning for future development does NOT include consideration of ?

    a. solid waste management.
    b. conservation of natural resources.
    c. safety.
    d. Contractors\' License Law.

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 broker showed African American prospective buyers homes in African American and racially mixed neighborhoods. He would show African American prospects homes in predominantly Caucasian areas only if the prospects specifically requested to see homes in those areas. The broker's action would be described as ?

    a. illegal.
    b. unethical.
    c. steering.
    d. all of these.

    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?"

Legal Aspects Of Real Estate

    A purchaser of a condominium unit filed a declaration of homestead. The purchases refused to pay his assessment fees, and the owners' association filed a lien. The lien would be ?

    a. void because homesteaded property is protected against liens.
    b. enforceable only if the owner's equity exceeds his homestead exemption.
    c. collectible as if there were no homestead.
    d. valid but collectible only when the homestead is sold.

    A dragnet clause in a trust deed covers ?

    a. any contingency.
    b. future advances.
    c. additional parties.
    d. increases in the interest rate.

    Which is NOT a requirement of an agency relationship? ?

    a. Compensation to the agent.
    b. Contractual capacity of principal.
    c. Loyalty of agent to principal.
    d. Full disclosure by agent to principal.

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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.