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ASREB Practice Exam Questions With 100- Correct Answers.
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10/7/24, 1:54 PMASREB Practice Exam Questions
Jeremiah
Terms in this set (100)
A 3.45-acre lot sells for 50 cents per b. $75,141
square foot. What was the selling price?
a. $37,570
b. $75,141
c. $76,230
d. $78,712
A blind ad refers to an ad that c. gives no indication that the property is listed with a broker
a. provides no price
b. provides no address
c. gives no indication that the property is
listed with a broker
d. gives no indication that the property has
been sold or not
A borrower is required to put 10% down for a. equity
the purchase of a property. The 10% down
would be considered
a. equity
b. boot
c. tax shelter
d. leverage
A broker, acting as a property manager, b. general
would be what type of agent?
a. special
b. general
c. implied
d. ostensible
ASREB Practice Exam Questions
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, 10/7/24, 1:54 PM
A buyer pays 20% down and obtains a real d. acceleration
estate mortgage. The buyer makes no
further payments. What clause would the
lender now exercise?
a. alienation
b. habendum
c. novation
d. acceleration
When a new home is still under b. increase the full cash value
construction, the County Assessor may
a. increase the assessed value ratio
b. increase the full cash value
c. decrease the tax rate
d. appeal the limited property value
A contract has been signed, but title has b. executory
not yet passed. The contract is
a. executed
b. executory
c. recorded
d. estopped
A handicapped person is leasing a house b. the lessor can require the lessee to reasonably restore the property at the end of
that requires a modification. Which of the the lease
following is TRUE about the modifications?
a. the lessor may forbid handicapped
modifications
b. the lessor can require the lessee to
reasonably restore the property at the end
of the lease
c. the lessor must pay for the modifications
d. the lessor can increase the rent due to
the risk of the handicapped person
A holdover tenant would have a(n) a. estate at sufferance
a. estate at sufferance
b. estate at will
c. freehold estate
d. remainder estate
Which of these property qualifications is b. Class 2
used for vacant land?
a. Class 1
b. Class 2
c. Class 3
d. Class 4
A house costs $100,000. The buyer is c. $2,720
making a down payment of $32,000 and
getting a $68,000 loan. If there are 4
points, how much money will be paid out
of the closing for the points?
a. $400
b. $1,280
c. $2,720
d. $4,000
ASREB Practice Exam Questions
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