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Sample Real Estate Exam - 100 Practice Questions (100% Correct) Graded A+ |Verified| 2025 Edition £6.76
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Sample Real Estate Exam - 100 Practice Questions (100% Correct) Graded A+ |Verified| 2025 Edition

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Sample Real Estate Exam - 100 Practice Questions (100% Correct) Graded A+ |Verified| 2025 Edition When a rental property changes ownership, how are the rents of tenants handled? They are prorated in escrow. How is an incompetent person legally defined? An incompetent person is someo...

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  • December 8, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • sample real estate exam 100 practice questions

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  • Real Estate
  • Real Estate

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Sample Real Estate Exam - 100 Practice
Questions (100% Correct) Graded A+
|Verified| 2025 Edition
When a rental property changes ownership, how are the rents of tenants handled?

They are prorated in escrow.



How is an incompetent person legally defined?

An incompetent person is someone who is of unsound mind, cannot enter into contracts
individually, and must receive court approval to engage in contracts.



What does the acronym "REIT" stand for in real estate?

Real Estate Investment Trust.



In which scenario is the cost approach most applicable?

It is most effective for evaluating new, unique, or publicly used buildings.



What is the term used for an individual who acts on behalf of another with the authority to do so in real
estate transactions?

An agent.



Which of the following documents are typically included in the "Listing Package"?

- Disclosure Regarding Real Estate Agency Relationship

- Possible Representation of More than One Buyer or Seller - Disclosure and Consent

- Wire Fraud and Electronic Funds Transfer Advisory



What essential element is not required for a lease to be considered valid?

The inclusion of the words "let or demise."


1

, Which of the following is an example of a voluntary lien in real estate?

A trust deed.



What term best describes the effect of rising income taxes as a person's income increases?

Progressive.



If a life estate is terminated and the property is set to return to the original owner, what is this called?

An estate in reversion.



What is the name of a small, standalone structure used for providing information or services in a public
place?

A kiosk.



In a trust deed, who is identified as the beneficiary?

The lender.



Which of the following laws addresses discrimination in California's business practices, especially related
to housing?

The Unruh Civil Rights Act.



What does the acronym "CLTA" represent in the context of real estate?

California Land Title Association.



Which statement is accurate about the salesperson's licensing exam in California?

It consists of 150 multiple choice questions, lasts three hours and fifteen minutes, and requires a
minimum score of 70% to pass.



How many square feet are in one acre of land?


2

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