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 real estate broker can serve as an escrow ?

    a. through associates.
    b. with other brokers
    c. when she represents one of the parties to the transaction.
    d. under a fictitious business name.

    A new broker opens a brokerage office and immediately places an ad in the local newspaper List Your House with Me and I Will Pay You $500 at Closing. This practice is ?

    a. acceptable.
    b. mandated.
    c. discouraged.
    d. prohibited.

    A salesperson is selling the Greenacre Estate. An offer has been accepted, and the closing will take place in two weeks. While the owners are out of town, the buyer asks if the closing can be put off for one day. The salesperson agrees on behalf of the owners, for she is sure they will not object. The salesperson's conduct is ?

    a. acceptable.
    b. mandated.
    c. discouraged.
    d. prohibited.

Real Estate Practice

    Agent advice to owners on showing their home would NOT include ?

    a. instructions to be present so they can volunteer information.
    b. cleaning instructions.
    c. landscaping instructions.
    d. repair instructions.

    Owners must be made to realize that ?

    a. the higher they price their home over fair market value, the longer it will take to sell.
    b. the higher they price their home over fair market value, the lower the likelihood of a sale during the listing period.
    c. both of these are true.
    d. both of these are false.

    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.

Legal Aspects Of Real Estate

    In the absence of a lease provision, when would a landlord have the right of entry? ?

    a. During normal business hours after reasonable notice to show to a prospective buyer.
    b. In the event of an emergency.
    c. Either of these.
    d. Neither of these.

    Forfeiture of agreed damages in a contract is known as ?

    a. mitigated damages.
    b. subordination.
    c. liquidated damages.
    d. punitive damages.

    In cases of noncompliance with the Bulk Sales Act, the party likely to be MOST adversely affected would be the ?

    a. seller.
    b. purchaser.
    c. creditors of the seller.
    d. Franchise Tax Board.

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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.