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The CE Shop Pre-Licensing Course Exam Questions And Correct Answers What are two primary categories of real estate characteristics? 1. Economic 2. Material 3. Substantive 4. Physical Emily is licensed to run her own firm and manage its activities. Emily is a: 1. Broker 2. Salesperson 1. B...

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  • August 28, 2024
  • 286
  • 2024/2025
  • Exam (elaborations)
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©THEBRIGHT EXAM STUDY SOLUTIONS 8/26/2024 11:32 AM



The CE Shop Pre-Licensing Course Exam
Questions And Correct Answers

What are two primary categories of real estate characteristics?
1. Economic
2. Material
3. Substantive
4. Physical
Emily is licensed to run her own firm and manage its activities. Emily is a:

1. Broker
2. Salesperson
1. Broker


Carlos, a licensed professional with more than 10 years of experience, provides brokerage
services and supervises the associated licensees who work for him. Carlos is a:

1. Broker
2. Salesperson
1. Broker
Kim is a licensed professional with fewer than three years of experience providing brokerage
services. Kim is a:

1. Broker
2. Salesperson
2. Salesperson
Delia is a relatively new licensee who works with clients who sign agreements with the firm that
she works for. She loves the real estate business and hopes in a few years' time to become a sole
proprietorship. Delia is a:

1. Broker
2. Salesperson

, ©THEBRIGHT EXAM STUDY SOLUTIONS 8/26/2024 11:32 AM


2. Salesperson
Andrew's license allows him to provide brokerage services as long as his actions are supervised.
Andrew is a:

1. Broker
2. Salesperson
2. Salesperson
Quentin is licensed to supervise the licensees who work for his firm and is liable for their
actions. Quentin is a:

1. Broker
2. Salesperson
1. Broker
Raoul has an appointment today to check out and report on the condition of a property on 68th
Street. Raoul is a:

1. Home inspector
2. Appraiser
1. Home inspector
Patti lives and works in Hawaii. As part of Patti's job, she is required to pass a nationally
recognized certification program. Patti is a:

1. Home inspector
2. Appraiser
1. Home inspector
Sonja estimates a property's value based on established valuation guidelines. Sonja is a:

1. Hone inspector
2. Appraiser
2. Appraiser
Annalise works for a bank that specializes in home mortgage loans. However, on occasion, if the
deal is not too risky, she and her bank will agree to finance development/construction projects.
Annalise is a:

, ©THEBRIGHT EXAM STUDY SOLUTIONS 8/26/2024 11:32 AM


1. Investor
2. Lender
2. Lender
Rolf is an independent businessman. He has recently funded a land development project that he
believes is going to result in some excellent returns. Rolf is a:

1. Investor
2. Lender
1. Investor
Stefan is patting himself on the back and doing a happy dance because a development project
that he funded is bringing in some fantastic returns. The homes in the new subdivision are selling
like hotcakes. Stefan is a:

1. Investor
2. Lender
1. Investor
A friend of Mark's recently applied for a loan to fund a new land development project he is
planning. Mark has done the research and run the numbers, and he knows that his friend is not
the best businessman on the planet. Mark and the firm he works for have agreed to finance the
deal, but underwriting says it's going to have to come with a large down payment and a short
payback turn-around time. Mark is a:

1. Investor
2. Lender
2. Lender
Lilly is a licensed real estate broker with many years of experience in real estate. Rather than
concentrate on obtaining listings and securing sales, she assists her clients in making informed
real estate decisions based on thoughtful analysis and critical inquiry. Lilly is a:

1. Real estate attorney
2. Real estate counselor
2. Real estate counselor
Julie is on retainer by a large brokerage firm. She provides an extra layer of protection from
litigation for the firm. Her background in real estate enables her to answer any questions the
firm's licensees may have about legal matters. Julie is a:

, ©THEBRIGHT EXAM STUDY SOLUTIONS 8/26/2024 11:32 AM


1. Real estate attorney
2. Real estate counselor
1. Real estate attorney
Alim is working with his client, Silvia, to put together an investment deal with a well-known and
respected local land developer. Alim's role is to make sure the contract is legally sound and that
his client's interests are fully protected. Alim is a:

1. Real estate attorney
2. Real estate counselor
1. Real estate attorney
Armand is a seasoned real estate veteran who earlier in his career focused on snagging listings
and securing sales. Now he prides himself on being able to give his clients professional advice
that is based on facts. He is a very detail-oriented individual who believes the more data he can
gather about a specific real estate project and provide to his clients, the better decisions his
clients will be able to make. Armand is a:

1. Real estate attorney
2. Real estate counselor
2. Real estate counselor
Vera is employed by a large brokerage firm. Although most of her time is spent protecting the
firm from litigation, she sometimes brokers real estate deals. Vera is a:

1. Real estate attorney
2. Real estate counselor
1. Real estate attorney
Suzie works for a company that provides for licensees who need to meet their license renewal
requirements. She is not required to have a real estate license. Suzie is a:

1. Property manager
2. Real estate educator
2. Real estate educator
Rick manages an apartment complex for Ms. Marston, the owner of the property. Rick is a:

1. Property manager
2. Real estate educator

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