FREE Real Estate Exam
Hello,
Congratulations on your decision to
secure your real estate license! Real estate provides
the opportunity to be in business for yourself and create
the success you desire. It requires a commitment, education
and hard work.
I've taught real estate classes
since 1986 and since that time I've helped thousands of
people pass their real estate test. There are many factors
involved in passing the exam. These three are the most
important.
Number 1 - Know your vocabulary words.
Number 2 - Read the test question three times before
answering the question.
Number 3 - Stay relaxed during
the exam.
Real estate exam testing services have a
database of real estate test questions. Understanding the
question formats is essential to passing the exam. That's
why the Real Estate Exam Strategy (PDF) booklet is included
with your review materials.
These real estate
questions and my finals are designed to be hard. As your
real estate exam coach, my goal is to have you learn from
hard test questions.
Write down vocabulary words in
these questions that you do not know and learn them before
you state final. These real estate exam questions are
different than the 650 questions in the Pass MY Real Estate
Exam Review package.
In closing I will ask you
to respect the real estate test. Think about this. Would you
want to go to a doctor who learned enough to pass the test
and then expected to really learn what he needed to you in
the "real world?" Of course not!
So, do not
listen to those who say, "Just learn what you need to
know to pass the test and then I'll teach you what you need
to know in the real world."
Respect the real
estate exam! Learn everything you can about real
estate!
If real estate is your career and the means
by which you are to create the live you desire, then educate
yourself! Start now by preparing in every way you can
to pass the sales associate license. Real Estate
Principles and Practice, and your state laws, are the
foundation of your success!
So, get your calculator, paper and pencil, and
answer these FREE Real Estate Exam questions. If you decide
you want additional review materials, you are only a mouse
click away from the most complete review materials available
anywhere!
Continued success!
Joyce
IWill@PassMyRealEstateExam.com
These test questions may be
used by students preparing for the real estate exam.
They
may not be reproduced and used by schools or competitors.
This is a sample real estate exam to show you how
the system works and the quality of the test questions and
explanations. There are over 650 Real Estate Exam Test
Questions included in the
Pass MY Real Estate Exam Prep
Videos and Study Materials.
| 1. All of
the following are included in the bundle of legal
rights EXCEPT A. right of control of the property. B. right of enjoyment. C. right of exclusion. D. right of survivorship. |
| 2. Emblements
are A. real property/fructus industriales. B. real property/fructus naturales. C. personal property/fructus industriales. D. personal property/fructus naturales. |
| 3.
Nonhomogeneity describes a/an A. physical characteristic of real estate and refers to uniqueness of the property. B. physical characteristic of real estate and refers to the indestructibility of the property. C. economic characteristic of real estate and refers to the scarcity of land in a given area. D. economic characteristic of real estate and refers to the permanence of the investment. |
| 4. A
transaction broker is NOT known as a/an A. nonagent. B. facilitator. C. intermediary. D. fiduciary. |
| 5. A real
estate licensee who has listed a property is a/an
A. general agent of the broker and a special agent to the seller. B. general agent of the broker and a general agent to the seller. C. universal agent of the broker and a special agent to the seller. D. universal agent of the broker and a general agent to the seller. |
| 6. The
total commission paid a brokerage firm was $33,500. The firm was paid 7% on the first $200,000, 6% on the next $200,000 and 5% on the remainder. What was the sales price of the property? A. $450,000 B. $550,000 C. $650,000 D. $750,000 |
| 7. Agent
Carrie received $937.50 as commission for a referral
fee. The listing agent paid 25% of her commission for the referral. The total commission paid was 6%, which was split equally between the listing and selling brokerage firms. If the listing agent was paid 50% of her firm’s commission. What was the sale price of the property? A. $150,000 B. $250,000 C. $300,000 D. $350,000 |
| 8. Negligent
misrepresentation occurs when A. there is intentional misrepresentation of a material fact by a broker in order to take financial advantage of another. B. the agent showing the property exaggerates the property's benefits. C. a broker should have known that a statement about a materia fact was false. D. the broker or agent tells the seller to intentional lie about a property defect so they can get a quick sale. |
| 9. Buyers
met an agent at an open house. In order to buy the listed property, the buyers needed to sell their house. The agent wrote an offer to purchase with the following terms. "Purchasers shall list purchasers property at 567 Main Street, Your Town, Your State with XYZ Realty within 24 hours of the acceptance of this offer, or this offer shall become null and void and the earnest money shall be refunded to the purchaser." Is this legal? A. Yes, this is exactly what the agent should do to secure the listing. B. Yes, if state law allows it. C. No, it is a violation of Regulation Z. D. No, it is a violation of the Sherman Antitrust Act. |
| 10. In most
states which of the following situations would MOST
LIKELY be grounds for suspension or revocation of a real estate license? A. Failure to specify a definite termination date in a listing contract B. Failure to find a buyer for a listed property C. Failure to determine the correct list price in a comparative market analysis D. Failure to include a broker protection clause in a listing agreement |
| 11. A person
died testate. After an extensive search, no
additional heirs were found. The person's real property would transfer by A. escheat to the state. B. by descent and distribution. C. by demise. D. by devise. |
| 12. Which of
the following would be future interests in a fee
simple defeasible estate? A. Remainder/ Reversion B. Reconveyance/ Redemption C. Possibility of Reverter/ Right of Re-Entry D. Dower/Curtesy |
| 13. Agnes,
Zelma and Jayne are sisters and own a property as joint tenants. Jayne sold her share to Maggie. Upon closing, Maggie is a A. joint tenant with Agnes and Zelma. B. tenant in common with Agnes and Zelma. C. tenant by the entirety with Agnes and Zelma. D. tenant at will with Agnes and Zelma. |
| 14. If state
law permits, the unities of time, title, interest,
possession and person would be created when A. John, Peggy and George buy a cottage on the lake. B. Mr. and Mrs. Jones buy real estate. C. a corporation purchases investment property. D. Carrie buys her first house. |
| 15. When
Branham brought his property he had a 20% down payment and secured a 30 year loan at 7% interest. If his first month’s interest was $787.50, how much did he pay for the property? A. $135,000 B. $140,625 C. $168,750 D. $158,250 |
| 16. The S1/2
of the NE1/4 and the NW1/4 of the SE1/4 would contain A. 2,344,560 square feet. B. 3,484,800 square feet. C. 4,395,340 square feet. D. 5,277,200 square feet. |
| 17. In 1969
Carmel purchased a condo for $15,000. Today she sold the property for $85,000 and agreed to finance the loan for the buyer. This transaction is known as a/an A. conventional loan. B. unconventional loan. C. land contract. D. blanket mortgage. |
| 18. A lot
that measures 475' x 525' sold for $275,000. What
was the cost per front foot? A. $523.80 B. $578.95 C. $592.35 D. $597.98 |
| 19. A lot
that measures 475' x 525' sold for $275,000. What
was the cost per acre? A. $48,036 B. $48,238 C. $48,568 D. $48,976 |
| 20. The
market value of a property is $140,000. The owners
pay $144.375 in monthly property taxes, or $2.75 per $100. What is the assessment rate? A. 45 mills B. 4.5% C. 45% D. .45% |
| 21. Two
brothers owned a property and decided to list it
with Agent Tejasi. Thirty minutes before the listing appointment, one of the brothers was called out of town on an emergency. So, a friend signed the listing contract for him. Tejasi had no idea that the person signing was not the owner. The status of the contract is A. void. B. valid. C. unenforceable. D. voidable. |
| 22. A
habendum clause would be found in a/an A. mortgage. B. note. C. deed. D. sales contract. |
| 23. The
borrowers negotiated a $125,000 for 20 years at 7% interest. Their monthly principal and interest payment is $969.12. How much interest will the buyers pay of the life of the loan? A. $107,588.80 B. $232,588.80 C. $175,000.80 D. $107,885.80 |
| 24. An agent
received a thank you note from a lender for the referral of a buyer. The note included a $35 gift card to a local restaurant. The law that makes this kickback illegal is A. Regulation Z B. RESPA C. CRA D. ECOA |
| 25. When you
pass your exam you will MOST LIKELY A. celebrate! B. send Joyce an email to share in the celebration. C. call your broker! D. All of the above. |
Answers to the Free Real Estate Exam
This will open in Google Docs.
Keep studying and let me know when you pass!
iWill@PassMYRealEstateExam.com
