Real estate broker test - Study guides, Class notes & Summaries
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NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED
- Exam (elaborations) • 27 pages • 2023
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NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED 
In most cases, broker compensation, as a percentage of home price, falls somewhere between: 5-7% 
A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act 
What happens to trade fixtures after a business moves out of a leased property? The tenant remo...
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Champions real estate finance Exam Questions with Verified Answers
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mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors 
 
Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing 
 
Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk 
 
Origination - Answer- The process of creating a new mortgage loan 
 
U...
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PSI National Real Estate|Exams|Test Bank|SALESPERSON EXAM 1| practice test 1|MD State Portion|Broker Exam prep|PSI Exam|All Bundled Together|Questions and Answers, 100% Correct|Updated 2024
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PSI National Real Estate|Exams|Test Bank|SALESPERSON EXAM 1| practice test 1|MD State Portion|Broker Exam prep|PSI Exam|All Bundled Together|Questions and Answers, 100% Correct|Updated 2024
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Real Estate Broker Certification Test (2023-2024) | Questions & Answers (100% Correct)
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Real Estate Broker Certification Test () | Questions & Answers (100% Correct) Real Estate Broker Certification Test () | Questions & Answers (100% Correct) Real Estate Broker Certification Test () | Questions & Answers (100% Correct) Real Estate Broker Certification Test () | Questions & Answers (100% Correct) 
 
Broker - ANSWER - A person who holds a valid broker license issued by the commission to practice real estate 
 
Buyer's Market - ANSWER - A situation in the housing market where there...
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Nevada Real Estate State Questions and Answers Rated A+
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Nevada Real Estate State Questions and 
 
Answers Rated A+ 
 
Nevada BROKER salesperson/BROKER education - 90 hours of instruction which includes: 
45 hours of law, 45 hours of principles 
 
Broker testing - Pass a NV Testing Center 50 question Nevada State Brokers test with a 75% 
or better: One hour to complete 
- Pass a NV Testing Center 80 question Nevada National Brokers test with a 75% or better: Two 
hours to complete 
- Cost of Examination: $100 for both tests when taken at the same time...
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BOB HOGUE - PRE LIC-TEST | 376 ACTUAL QUESTIONS AND ANSWERS VERIFIED BY EXPERT | UPDATED 2024-2025
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BOB HOGUE - PRE LIC-TEST | 376 ACTUAL QUESTIONS AND ANSWERS VERIFIED BY EXPERT | UPDATED 
 
Which statement concerning broker's price opinions (BPOs) is TRUE? 
A) The payment for a BPO must be paid to the broker and not directly to the sales associate who prepared the BPO. 
B) A broker's license is required to conduct a BPO. 
C) A BPO is also referred to as an appraisal of real property. 
D) All BPOs must conform to Uniform Standards of Professional Appraisal Practice (USPAP). - 
 
Which docu...
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ASREB State Test B-1 Questions and Answers 100% Pass
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ASREB State Test B-1 Questions and 
 
Answers 100% Pass 
 
A broker goes on a cruise for ten days. Who can be left in charge? 
Any unlicensed employee 
Any real estate licensee employed by the broker 
Only a real estate salesperson 
Any corporate officers Any real estate licensee employed by the broker 
 
A broker prepares documents at a cost of $35. Which of the following is true? 
The broker cannot charge for the service 
The broker may charge if the parties agree 
The broker may charge if it ...
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Real Estate Gold Coast test 2023 |UPDATED 2024!!! Graded A+
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Real Estate Gold Coast test 2023 |UPDATED 2024!!! 
Prorating Rent 
paid in advance 
monthly rent collected by the seller for the month must be divided between seller and buyer 
 
 
Areas of expert knowledge required for all real estate licensees? 
1. Property Transfer 
2. Valuation 
3. Marketing 
(Not accounting or construction) 
 
 
Real estate licensees can perform valuations under the real estate license law if the valuation is not to be used _________. 
in a federally related transation 
 
 ...
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TX-Brokerage (SAE) Question Bank 2024
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The _____ is required to ascertain that Brokers are aware of all of their responsibilities. - Correct Answer-Texas Real Estate Commission 
 
The _____ course is to address the regulatory aspects of the management, operation and supervision of a real estate brokerage firm in Texas. The course provides an understanding and working knowledge of a broker's responsibilities and obligations under 22 TAC §535.2. - Correct Answer-Broker Responsibility MCE 
 
Who Must Take The Broker Responsibility MCE...
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PA Real Estate Exam - Test Questions from Temple Course, With 100% Correct Answers
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PA Real Estate Exam - Test Questions from Temple Course, With 100% Correct Answers 
PA Real Estate Exam - Test Questions from Temple Course, With 100% Correct Answers 
 
In Pennsylvania, a salesperson may advertise a property for sale on the Internet only if the salesperson 
 
A)personally listed the property. 
 B)is a member of the local real estate association. 
 C)personally pays for the advertisement. 
 D)uses the employing broker's name in the advertisement. - ANSWER-D) The answer is USES ...
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