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

    Sales and use taxes are the responsibility of ?

    a. the Internal Revenue Service.
    b. the Franchise Tax Board.
    c. the State Board of Equalization.
    d. the Department of Housing and Community Development.

    The sale of real property generally is governed by the laws of ?

    a. the state where the real property is located.
    b. the state where the owner of the real property resides.
    c. any of the states.
    d. the federal government.

    A homeowner's deluxe five-bedroom house is in a neighborhood of modest three-bedroom houses. The value of the five-bedroom house will be affected because of the principle of ?

    a. substitution.
    b. scarcity.
    c. progression.
    d. regression.

Real Estate Practice

    A broker open house is of greatest value when the property ?

    a. is in a large market with hundreds of listings.
    b. is overpriced.
    c. has a very limited use.
    d. has been reduced in price.

    If possible, you should place a rider strip on your listing signs that shows ?

    a. your fax number.
    b. all your professional designations.
    c. a desirable feature.
    d. all of these.

    An escrow company is prohibited from ?

    a. paying referral fees to anyone other than an employee of the escrow company.
    b. bonding employees.
    c. both of these.
    d. neither of these.

Legal Aspects Of Real Estate

    A real estate broker, not licensed as an escrow, can conduct an escrow when the broker is ?

    a. a representative of the seller.
    b. a representative of the buyer.
    c. a principal to the transaction.
    d. any of these.

    The landlord was notified by the residential tenant that the water heater was inoperative and the roof had a bad leak. After reasonable notice, the tenant could ?

    a. treat the landlord's failure to act as constructive eviction.
    b. spend up to one month's rent and make the repairs.
    c. do either of these.
    d. do neither of these.

    When an agent commits a tort while carrying out agency duties, the ?

    a. principal has no liability for the tort.
    b. principal would not be liable if the principal told the agent not to committed any torts.
    c. agent is exonerated from liability for the tort because the act was committed in an agency capacity.
    d. agent would be personally liable for the tort.

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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.