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Question 1 of 30
1. Question
How many square feet in one acre?
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Question 2 of 30
2. Question
Mr. and Mrs. Conners sold their home and paid an 8% commission to their realtor. Assuming no other fees, if they walked away from the sale with $306,000, about how much did their house sell for?
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Question 3 of 30
3. Question
Which of the following is a violation of the Fair Housing act?
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Question 4 of 30
4. Question
According to Fair Housing laws, which of these people is not considered disabled?
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Question 5 of 30
5. Question
Sarah owns a warehouse and has decided to sell it as an open listing. She has contacted three brokers to sell it for her, Brokers A, B, and C. If Broker B makes the sale, who gets the commission?
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Question 6 of 30
6. Question
What information would be unethical for a listing agent to share with a potential buyer?
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Question 7 of 30
7. Question
A subdivision has a rule that each home in the neighborhood be at least 2,500 square feet. This is an example of which concept?
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Question 8 of 30
8. Question
Which of the following describes a transaction brokerage?
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Question 9 of 30
9. Question
Who takes the biggest risk in an open listing?
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Question 10 of 30
10. Question
An agency contract is being terminated. In which scenario might there be damages owed to one of the parties?
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Question 11 of 30
11. Question
A reconveyance deed
____
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Question 12 of 30
12. Question
When dividing a single plot of land into two or three units, the process is called
____
, and the units are called____
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Question 13 of 30
13. Question
A reverse mortgage
____
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Question 14 of 30
14. Question
Real property is defined as
____
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Question 15 of 30
15. Question
____
are rights and privileges belonging to the land.CorrectIncorrect -
Question 16 of 30
16. Question
Which of these is a fixture?
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Question 17 of 30
17. Question
A
____
is a promise of real property, kept by the lender to secure the loan.CorrectIncorrect -
Question 18 of 30
18. Question
All of these are good examples of severance except
____
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Question 19 of 30
19. Question
Which lien is required by law to be paid first?
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Question 20 of 30
20. Question
Which of these is not a type of leasehold estate?
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Question 21 of 30
21. Question
Which of the following is an example of dual agency?
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Question 22 of 30
22. Question
When acting on behalf of a principal, an agent must
____
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Question 23 of 30
23. Question
Which of the following is never allowed?
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Question 24 of 30
24. Question
Broker Katie obtains an exclusive agency listing with seller Steve. Katie creates marketing materials and runs open houses for Steve’s home. Then, Steve finds a buyer on his own and sells the house without Katie’s help. What fee is Katie owed?
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Question 25 of 30
25. Question
Who usually pays a real estate commission?
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Question 26 of 30
26. Question
For a broker to earn their commission, they are legally obligated to
____
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Question 27 of 30
27. Question
Seller Donna signs an exclusive right-to-sell listing with broker Matt. As Matt works to market the property, a friend of Donna’s hears that the home is for sale and negotiates a price with Donna. Donna then sells her home directly to her friend without Matt’s help. Matt is owed
____
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Question 28 of 30
28. Question
Which of the following must be true for an agency contract to be legally binding?
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Question 29 of 30
29. Question
In the case of buyer agency,
____
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Question 30 of 30
30. Question
Which of the following would not result in the termination of a listing agreement?
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