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COMPLETE REAL ESTATE PREP QUESTIONS AND ANSWERS (100% PASS)
COMPLETE REAL ESTATE PREP QUESTIONS AND 
ANSWERS (100% PASS) 
Section 1.1: The Nature of Real Property - Answer️️ -1. What is the nature of 
real property? 
2. What are the physical and economic characteristics of land? 
3. What is the nature of personal property? 
4. What are the basic elements and principles that govern the real estate market? 
5. What are the main types of real estate in the marketplace? 
6. What methods are used to describe land? 
Leasing - Answer️️ -An agreement whe...
- Examen
- • 176 pages •
COMPLETE REAL ESTATE PREP QUESTIONS AND 
ANSWERS (100% PASS) 
Section 1.1: The Nature of Real Property - Answer️️ -1. What is the nature of 
real property? 
2. What are the physical and economic characteristics of land? 
3. What is the nature of personal property? 
4. What are the basic elements and principles that govern the real estate market? 
5. What are the main types of real estate in the marketplace? 
6. What methods are used to describe land? 
Leasing - Answer️️ -An agreement whe...
National Real Estate Exam Prep Questions and Answers (100% Pass)
National Real Estate Exam Prep 
Questions and Answers (100% Pass) 
Unilateral Contract - Answer️️ -Contract containing ONE promise given in 
exchange for completing an act. NO obligation to act. 
Bilateral Contract - Answer️️ -Contract containing TWO promises. Example: A 
listing agreement is a bilateral contract 
Client/Principal - Answer️️ -A person who has entered into an agency 
relationship w/ a licensee & with whom there is a written contract 
Customer - Answer️️ -Any 3rd p...
- Examen
- • 14 pages •
National Real Estate Exam Prep 
Questions and Answers (100% Pass) 
Unilateral Contract - Answer️️ -Contract containing ONE promise given in 
exchange for completing an act. NO obligation to act. 
Bilateral Contract - Answer️️ -Contract containing TWO promises. Example: A 
listing agreement is a bilateral contract 
Client/Principal - Answer️️ -A person who has entered into an agency 
relationship w/ a licensee & with whom there is a written contract 
Customer - Answer️️ -Any 3rd p...
Real Estate Review Points Practice Questions and Answers (100% Pass)
Real Estate Review Points Practice 
Questions and Answers (100% Pass) 
What does PETE stand for? - Answer️️ -Police Power, Eminent Domain, 
Taxation, Escheat 
What is Escheat? - Answer️️ -Abandonment (dying with no will and no heirs 
with the property being taken by the state government) 
How is LTV calculated? - Answer️️ -Loan amount divided by sale price or 
appraised value (whichever is lower) = LTV 
What is Eminent domain? - Answer️️ -It is the government taking private 
prop...
- Examen
- • 38 pages •
Real Estate Review Points Practice 
Questions and Answers (100% Pass) 
What does PETE stand for? - Answer️️ -Police Power, Eminent Domain, 
Taxation, Escheat 
What is Escheat? - Answer️️ -Abandonment (dying with no will and no heirs 
with the property being taken by the state government) 
How is LTV calculated? - Answer️️ -Loan amount divided by sale price or 
appraised value (whichever is lower) = LTV 
What is Eminent domain? - Answer️️ -It is the government taking private 
prop...
Real Estate Exam: Gen Principles of Real Estate 1 Practice Questions and Answers (100% Pass)
Real Estate Exam: Gen Principles of Real Estate 1 
Practice Questions and Answers (100% Pass) 
The purpose of the TRELA is to... - Answer️️ -protect the public against 
unscrupulous brokers and salespersons. 
What is required to obtain a license in Texas? - Answer️️ -be a resident of Texas 
at least 18 yrs of age at the time of application, be of good moral character, must 
show competency by passing the exam 
If the licensee pays a commission to any unlicensed person, places a sign offe...
- Examen
- • 0 pages •
Real Estate Exam: Gen Principles of Real Estate 1 
Practice Questions and Answers (100% Pass) 
The purpose of the TRELA is to... - Answer️️ -protect the public against 
unscrupulous brokers and salespersons. 
What is required to obtain a license in Texas? - Answer️️ -be a resident of Texas 
at least 18 yrs of age at the time of application, be of good moral character, must 
show competency by passing the exam 
If the licensee pays a commission to any unlicensed person, places a sign offe...
Real Estate Finance: Basics of Real Estate Finance Study Guide 2024/2025
Real Estate Finance: Basics of Real Estate 
Finance Study Guide 2024/2025 
In order for a lender to actually make a real estate loan, the following steps will 
need to be completed: - Answer️️ -Application; 
Underwriting; 
Pre-disclosures; 
Verification, title work and appraisal; 
Final underwriting; 
Processing loan documents; 
Signing of loan documents, final disclosures and waiting periods (if any); 
Funding and closing. 
The parties with whom the real estate licensees and buyer may work ...
- Examen
- • 30 pages •
Real Estate Finance: Basics of Real Estate 
Finance Study Guide 2024/2025 
In order for a lender to actually make a real estate loan, the following steps will 
need to be completed: - Answer️️ -Application; 
Underwriting; 
Pre-disclosures; 
Verification, title work and appraisal; 
Final underwriting; 
Processing loan documents; 
Signing of loan documents, final disclosures and waiting periods (if any); 
Funding and closing. 
The parties with whom the real estate licensees and buyer may work ...
Modern Real Estate Practice Chapter 9 Real Estate Brokerage Quiz with 100% Correct Answers
Modern Real Estate Practice Chapter 9 Real Estate 
Brokerage Quiz with 100% Correct Answers 
The client must make an express or implied agreement to pay a commission to the 
broker. - Answer️️ -Explain this sentence. "To recover a commission for 
brokerage services, a broker must be employed as the agent of the client." 
Independent Contractors - Answer️️ -Sales associates who are paid in a lump 
sum and who are personally responsible for paying their own taxes are probably 
treated fo...
- Examen
- • 6 pages •
Modern Real Estate Practice Chapter 9 Real Estate 
Brokerage Quiz with 100% Correct Answers 
The client must make an express or implied agreement to pay a commission to the 
broker. - Answer️️ -Explain this sentence. "To recover a commission for 
brokerage services, a broker must be employed as the agent of the client." 
Independent Contractors - Answer️️ -Sales associates who are paid in a lump 
sum and who are personally responsible for paying their own taxes are probably 
treated fo...
CA Real Estate Principles - Addt'l Review Study Guide with Complete Solutions
CA Real Estate Principles - Addt'l Review 
Study Guide with Complete Solutions 
Acre - Answer️️ -4840 square yards; 43560 square feet 
Test for fixtures - Answer️️ -1. Relationship to parties 
2. Method of attachment 
3. Intent of the parties 
Bill of sale - Answer️️ -Transfers title to personal property 
US Government Survey uses - Answer️️ -Sections and Townships 
Ranges - Answer️️ -6 mile increments running north and south 
An estate for years is for - Answer️️ -a fix...
- Examen
- • 10 pages •
CA Real Estate Principles - Addt'l Review 
Study Guide with Complete Solutions 
Acre - Answer️️ -4840 square yards; 43560 square feet 
Test for fixtures - Answer️️ -1. Relationship to parties 
2. Method of attachment 
3. Intent of the parties 
Bill of sale - Answer️️ -Transfers title to personal property 
US Government Survey uses - Answer️️ -Sections and Townships 
Ranges - Answer️️ -6 mile increments running north and south 
An estate for years is for - Answer️️ -a fix...
PSI REAL ESTATE PRACTICE QUESTIONS AND ANSWERS (100% PASS)
PSI REAL ESTATE PRACTICE QUESTIONS AND 
ANSWERS (100% PASS) 
The ability of the government to acquire real property against the owner for the 
benefit of the public. - Answer️️ -Eminent Domain 
When real property is conveyed to a party through a will. the real property is 
referred by what term? - Answer️️ -Devise 
What is the most complete estate in real property? - Answer️️ -Fee Simple 
What is an exaggerated term from a real estate agent,that would be considered not 
true? - Answe...
- Examen
- • 17 pages •
PSI REAL ESTATE PRACTICE QUESTIONS AND 
ANSWERS (100% PASS) 
The ability of the government to acquire real property against the owner for the 
benefit of the public. - Answer️️ -Eminent Domain 
When real property is conveyed to a party through a will. the real property is 
referred by what term? - Answer️️ -Devise 
What is the most complete estate in real property? - Answer️️ -Fee Simple 
What is an exaggerated term from a real estate agent,that would be considered not 
true? - Answe...
PSI Real Estate Exam Practice Questions and Answers (100% Pass)
PSI Real Estate Exam Practice Questions and Answers (100% Pass) 
Bilateral - Answer️️ -What is a type of contract in which two parties are legally 
bound to act? 
Functional Obsolence - Answer️️ -What is one kind of real property depreciation 
caused by poor design? 
Grantee - Answer️️ -What is the name of the party who aquires the title to real 
property in a deed? 
Biennial - Answer️️ -What is one word that indicates how often a PA 
salesperson's license is required to be rene...
- Examen
- • 3 pages •
PSI Real Estate Exam Practice Questions and Answers (100% Pass) 
Bilateral - Answer️️ -What is a type of contract in which two parties are legally 
bound to act? 
Functional Obsolence - Answer️️ -What is one kind of real property depreciation 
caused by poor design? 
Grantee - Answer️️ -What is the name of the party who aquires the title to real 
property in a deed? 
Biennial - Answer️️ -What is one word that indicates how often a PA 
salesperson's license is required to be rene...
PSI questions with 100% correct answers (updated 2024)
PSI questions with 100% correct answers (updated 2024) 
Answer : Mortgage lien - Answer️️ -When a land owner uses his land as security 
for a loan, the encumbrances created is called ? 
Answer : Question the seller to any known defects - Answer️️ -If an owner wants 
to list a property for sale "as is" the listing agent should 
Answer : Licensee must hold a timeshare license - Answer️️ -According to the 
New Jersey real estate timeshare act, if a licensee is selling a timeshare loca...
- Examen
- • 21 pages •
PSI questions with 100% correct answers (updated 2024) 
Answer : Mortgage lien - Answer️️ -When a land owner uses his land as security 
for a loan, the encumbrances created is called ? 
Answer : Question the seller to any known defects - Answer️️ -If an owner wants 
to list a property for sale "as is" the listing agent should 
Answer : Licensee must hold a timeshare license - Answer️️ -According to the 
New Jersey real estate timeshare act, if a licensee is selling a timeshare loca...
Iowa dental board exam: jurisprudence questions and answers
Lacks clarity (layout/format), expected more expl & insight
Delaware Real Estate Law Final Exam Questions and Answers
Maryville University Pharmacology NURS- 615 Exam 2 Practice Questions and Answers (100% Pass)