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 Miejas are looking forward to eventually retiring on the profit they will make from selling their house. Their attitude is an example of ?

    a. progression.
    b. growth.
    c. acquisition.
    d. anticipation.

    The Fed can increase or decrease the amount of money in circulation by all of the following EXCEPT ?

    a. establishing the discount rate.
    b. issuing government securities.
    c. raising or lowering reserve requirements.
    d. buying and selling government securities.

    A property manager ?

    a. must be a real estate broker.
    b. is the property owner's agent.
    c. is the tenant's agent.
    d. is not an agent.

Real Estate Practice

    A standard policy of title insurance is used to show ?

    a. that there are no encumbrances against a property.
    b. that the seller has a marketable title.
    c. both of these.
    d. neither of these.

    Which of the following is covered by the CLTA standard policy of title insurance? ?

    a. Easements not a matter of public record
    b. Rights of a party in possession
    c. Unknown spousal interests
    d. Encroachment

    The BEST way to learn is to ?

    a. listen to what others say.
    b. read instructional material.
    c. watch what others are doing.
    d. use the ideas you observe or read about.

Legal Aspects Of Real Estate

    Albert gave his friend Baker a deed to a property, which Baker recorded. A year later, Albert and Baker had a dispute. Albert demanded the return of the property because Baker had not given any consideration for the property transfer. Assuming there was no consideration, which statement is correct? ?

    a. Albert can obtain revocation because of lack of consideration.
    b. The agreement is void because of lack of consideration.
    c. Albert is entitled to the fair market value of the property conveyed.
    d. Baker can keep the property, which was a completed gift.

    Refinancing without a discernable benefit to a borrower is ?

    a. prohibited by the Servicemembers Civil Relief Act of 2003.
    b. a violation of the Truth In Savings Act.
    c. considered predatory lending.
    d. a violation of the Mortgage Forgiveness Debt Relief Act of 2007.

    An assignee of a lessee has a relationship to the lessor of ?

    a. sublessee.
    b. tenant.
    c. grantor.
    d. 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.