PEARSON VUE TEST QUESTIONS & ANSWERS
Which of the following terms BEST describes personal property that, by its attachment
to real property, is regarded as real estate?
A.
Emblements
B.
Personality
C.
Fixtures
D.
Appliances - Answer -C
In stating a seller's price and terms to a prospective buyer, the seller's broker is required
by the law of agency to state only those terms that are:
A.
included in the listing agreement
B.
based on the broker's evaluation of prevailing prices and terms
C.
favorable for the seller, as determined by the broker
D.
attractive to buyers, as determined by the broker - Answer -A
Under an exclusive right-to-sell listing, a licensee has the authority to take which of the
following actions on behalf of a seller?
A.
Accept any bona fide offer.
B.
Present only those offers that meet the seller's list price.
C.
Order any needed repairs to the property
D.
,Advertise the property for sale. - Answer -D
Buyers have made an offer to purchase a house for $250,000 including the dining room
furniture. The offer will expire at 5:00 p.m. on Sunday. On Thursday, the sellers reply in
writing that they will accept the offer of $250,000, but they will not include the dining
room furniture. While the buyers are considering the counteroffer on Friday, the sellers
change their minds and decide to accept the original offer, dining room furniture to be
included, and they state so in writing. What is the current obligation of the buyers?
A.
Personal property cannot be included in the Purchase and Sale Agreement.
B.
An amendment to the contract is required to make it enforceable.
C.
They are legally obligated to withdraw their offer.
D.
They are not legallly obligated to purchase the house. - Answer -D
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The Environmental Protection Agency requires that any buyer of a house built before
1978 must be alerted in writing to the possible presence of:
A.
mold
B.
lead
C.
radon
D.
underground storage tanks - Answer -B
Potential buyers tell their licensee that they are worried about the presence of radon gas
in a home they are considering buying. What should the salesperson say?
A.
"If you're worried, I recommend making an offer less than the listed price."
, B.
"I asked the sellers and they said there is no problem."
C.
"I suggest that a radon inspection be performed."
D.
"Radon has not been proven to be harmful." - Answer -C
Which of the following items would have to be disclosed to prospective buyers by the
listing broker?
A.
The price the seller paid to purchase the property
B.
A defect existing in the property being offered
C.
The seller's motivation for the sale
D.
The lowest price the seller would accept - Answer -B
If a lessee pays a fixed amount of rent plus all expenses, the lease is known as a:
A.
graduated lease
B.
net lease
C.
gross lease
D.
percentage lease - Answer -B
A salesperson who completes a written listing agreement with a seller is helping to
create a contractual relationship between the:
A.
salesperson and the seller
B.
salesperson and the buyer
Which of the following terms BEST describes personal property that, by its attachment
to real property, is regarded as real estate?
A.
Emblements
B.
Personality
C.
Fixtures
D.
Appliances - Answer -C
In stating a seller's price and terms to a prospective buyer, the seller's broker is required
by the law of agency to state only those terms that are:
A.
included in the listing agreement
B.
based on the broker's evaluation of prevailing prices and terms
C.
favorable for the seller, as determined by the broker
D.
attractive to buyers, as determined by the broker - Answer -A
Under an exclusive right-to-sell listing, a licensee has the authority to take which of the
following actions on behalf of a seller?
A.
Accept any bona fide offer.
B.
Present only those offers that meet the seller's list price.
C.
Order any needed repairs to the property
D.
,Advertise the property for sale. - Answer -D
Buyers have made an offer to purchase a house for $250,000 including the dining room
furniture. The offer will expire at 5:00 p.m. on Sunday. On Thursday, the sellers reply in
writing that they will accept the offer of $250,000, but they will not include the dining
room furniture. While the buyers are considering the counteroffer on Friday, the sellers
change their minds and decide to accept the original offer, dining room furniture to be
included, and they state so in writing. What is the current obligation of the buyers?
A.
Personal property cannot be included in the Purchase and Sale Agreement.
B.
An amendment to the contract is required to make it enforceable.
C.
They are legally obligated to withdraw their offer.
D.
They are not legallly obligated to purchase the house. - Answer -D
Explain AnswerUse Space to activate.Use Space to activate.Character SelectorUse
Space to Flag or Unflag.Flag for ReviewUse Space to Flag or Unflag.
Main Content
The Environmental Protection Agency requires that any buyer of a house built before
1978 must be alerted in writing to the possible presence of:
A.
mold
B.
lead
C.
radon
D.
underground storage tanks - Answer -B
Potential buyers tell their licensee that they are worried about the presence of radon gas
in a home they are considering buying. What should the salesperson say?
A.
"If you're worried, I recommend making an offer less than the listed price."
, B.
"I asked the sellers and they said there is no problem."
C.
"I suggest that a radon inspection be performed."
D.
"Radon has not been proven to be harmful." - Answer -C
Which of the following items would have to be disclosed to prospective buyers by the
listing broker?
A.
The price the seller paid to purchase the property
B.
A defect existing in the property being offered
C.
The seller's motivation for the sale
D.
The lowest price the seller would accept - Answer -B
If a lessee pays a fixed amount of rent plus all expenses, the lease is known as a:
A.
graduated lease
B.
net lease
C.
gross lease
D.
percentage lease - Answer -B
A salesperson who completes a written listing agreement with a seller is helping to
create a contractual relationship between the:
A.
salesperson and the seller
B.
salesperson and the buyer
