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ASREB Practice Exam, Sessions 1-18, Study Guide with Complete Solutions
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ASREB Practice Exam, Sessions 1-18, Study 
Guide with Complete Solutions 
ASREB - Correct Answer ️️ - 
A 3.45-acre lot sells for 50 cents per square foot. What is the selling price? 
A) $37,570 
B) $75,141 
C) $76,230 
D) $78,712 - Correct Answer ️️ -B 
3.45 acres x 43,560 = 150,282 SF 
150,282 SF x $0.50 = $75,141 
A blind ad refers to an ad that 
A) provides no price. 
B) provides no address. 
C) gives no indication that the property is listed with a broker. 
D) gives no indication tha...
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ASREB Exam Questions and Answers Latest (2024 / 2025) (Verified Answers)
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ASREB Exam Questions and Answers Latest (2024 / 2025) (Verified Answers)
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ASREB Test Questions and Answers Latest (2024 / 2025) (Verified Answers)
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ASREB Test Questions and Answers Latest (2024 / 2025) (Verified Answers)
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ASREB Practice Exam Questions and Answers Latest (2024 / 2025) (Verified Answers)
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ASREB Practice Exam Questions and Answers Latest (2024 / 2025) (Verified Answers)
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ASREB Practice Exam Questions and Answers with complete solution
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A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? 
a. $37,570 
b. $75,141 
c. $76,230 
d. $78,712 - Answer-b. $75,141 
A blind ad refers to an ad that 
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 - Answer-c. gives no indication that the 
property is listed with a broker 
A borrower is required to put 10% down for the purchase of a propert...
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ASREB National Test A-3 Questions and Answers 100% Verified
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ASREB National Test A-3 Questions and Answers 100% 
Verified 
When a person receives real estate through a will, this is called: 
Demise 
Bequest 
Devise 
Legacy Answer-Devise 
A quit claim deed would do which of the following: 
Remove a cloud on a title 
Deny the spouse an interest 
Verify the tax liability 
Establish a homestead Answer-Remove the cloud on titl
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ASREB Test Questions and Answers 100% Verified
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ASREB Test Questions and Answers 100% Verified 
A borrower is required to put 10% down for the purchase of a property. The 10% down would 
be considered... Answer-Equity 
A broker, acting as a property manager, would be considered what type of agent? 
 Answer-General 
A contract has been signed, but title has not yet been passed. The contract is... AnswerExecutory 
A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $68,000 
loan. If there are 4 points, how much...
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ASREB Practice Exam Questions and Answers Latest (2024 / 2025) (Verified Answers)
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ASREB Practice Exam Questions and Answers Latest (2024 / 2025) (Verified Answers)
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ASREB State Test B-1; Questions and Answers 100% Verified
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ASREB State Test B-1; Questions and Answers 100% 
Verified 
Before the commissioner issues a public report on subdivided land, the subdivider may not: 
Take lot reservations 
Enter into a binding contract 
Advertise the lots for sale 
Begin lot improvements Answer-Enter into a binding contract
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B-1 ASREB EXAM Questions and Answers Latest (2024 / 2025) (Verified Answers)
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B-1 ASREB EXAM Questions and Answers Latest (2024 / 2025) (Verified Answers)
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