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25 Free Real Estate license Quiz

1 / 25

What is restrictive zoning?

Acquire property with no compensation

national zoning laws with enforcement

Uncompensated regulation of using a property

inherit certificate

2 / 25

A licensed realtor preparing one of the offer for one purchaser’s presentation to some of the sellers, is there anything below that is NOT a necessary factor for sales agreement validation?

Consideration

Acknowledgment

Competent parties

Legality of the objects

3 / 25

In real property, conveying an ownership interest is consider as the

Truestee

Mortgage company

Mortgagor

Grantor

4 / 25

An trust account sometimes held by a lender to pay

Insurance policy

loan Interest

General expenses

Insurance payments and Property taxes

5 / 25

As known by one of the front line which surveyed used a metes and bounds method for legal way is

boundary

baseline

off-shore lines

Point of beginning

6 / 25

You can terminate an agency, when

Misspell on the agreement

False of cancellation payment

Mutual agreement by all parties

Waiver of the conflict

7 / 25

An agent start to work with verbal discussion but no paper work yet is known as

Agency in common

mutual

Implied

consent form

8 / 25

Monument is used to built up in survey

share holder

wear and tear

Real estate boundary

funeral service

9 / 25

one of the ownership in severalty good point is

discuss common sense

Flexibility for decision

team work

The decision making skill improvement

10 / 25

Regulation Z’s advantages is to

fines might be charged

advanced notice of charge amount

the borrower can understand credit costs

Regulate interest rates

11 / 25

What is the differences a joint tenancy from a tenancy in common seems

group discussion opportunity

Undivided interest

Inherit option

Making decision by yourself

12 / 25

Paul wants to borrow money to get building but he has a mortgage on his lot. To move forward this project, what clauses below has to contain in existing mortgage?

subordination

Acceleration

amendment

Subrogation

13 / 25

You can find out the value with the cost approach is known as the principle of

Substitution

Goverment decision

mathmatics

market value

14 / 25

Who owns condominium developed common area?

State worker

Any individual who pay a prorated share of the taxes and maintenance

Morgagee

tenant’s relatives

15 / 25

When the foreclosure sale, seller is in default. He/she wants to pay off a mortgage. What is this?

judge needs involved

Equitable right of redemption

Foreclosure estopel

Cancellation notice

16 / 25

38 years old man and 8 years old daughter is moving forward a written agreement for selling a property which the daughter has inherited. This agreement is known as

reimbursable

Court order

enforcable agreement

A binding contract

17 / 25

The lessee is paying the insurance, fixes, and taxes etc other operating expenses of the real estate with its rental payments. What is this lease?

Percentage rent

Unique lease

Net lease

Gross lease

18 / 25

When rental ad will be, Which of the following terms is shown in rental legally?

No kids

Pets is now allowed, nothing excepted

Three bedrooms

Big family only

19 / 25

Under the federal Fair Housing Act, following advertisement are not allowed besides,

Rich man and women only, teens have party every night on the side walk.

Hispanic group is allowed to share beautiful big house!

Only Asian needed to raise hand to join our share community room.

hoping a paddy for next season? Girls wants girl roommate to share two bedroom condo

20 / 25

A government wanted to add curbs and gutters to 3 blocks away for citizens with adjacent property owners. Who owes this improvement?

company excecutives who work around the blocks

construction company

Government ask donations

a special assessment levied against the adjacent property owners

21 / 25

Which is true in the following statements in terms of federal fair housing laws?

discrimination is allowable

They can bulid up any building with own method

professor can give them advise to change the rules

They can enforced with the file a claim with HUD

22 / 25

People use Quitclaim deeds for

Separation from employer

finish all claims from banks

Clear clouds from a title

Must purchase the land

23 / 25

When you lease a commercial property, Real Estate Agents should find out if the owner complies

loan amount

The owners crime history

The Americans with Disabilities Act

Appliance manual

24 / 25

Appraisal report purpose for residential is for guess the property’s

Market value

depreceated value

resale value

deserve price

25 / 25

which is true in these options needs for a valid ownership transfer?

only verbal notice

Properly executed deed

Encumbrance research lien

loan cancellation

Your score is

The average score is 67%

Hi test takers,
I just wanted to take a moment to wish you all the best as you take your real estate license exam! I know you’ve put in the hard work and dedication, and I have every confidence that you’ll do great.
Stay calm, trust in your preparation, and know that this is just one step closer to reaching your goals in the real estate world. You’ve got this!
Looking forward to celebrating your success soon.

Best of luck!
Warmly,
Successful examinee