ADHI SCHOOLS
REAL ESTATE PRACTICE TEST

Sharpen Your Real Estate Mind!

Think you've got a grasp of real estate? Test your knowledge of key real estate principles with our short 9-question quiz. See how well you understand the fundamentals!

Real Estate Principles

    The location of a house on its site is called its ?

    a. view.
    b. architecture.
    c. orientation.
    d. floor plan.

    A fee simple estate and a life estate are ?

    a. freehold estates.
    b. fee simple estates.
    c. leasehold estates.
    d. estates of tenancy.

    A property owner deprived by a zoning ordinance of the privileges enjoyed by owners of other property in the vicinity may apply for ?

    a. a conditional use permit.
    b. a variance.
    c. a master plan exception.
    d. a nonconforming use permit.

Real Estate Practice

    An example of a nongeographic farm would be specialization in ?

    a. mobile homes.
    b. income property.
    c. lots.
    d. any of these.

    An agent sold a property where the owner had verbally agreed to pay a commission. The agent would be legally entitled to a commission from the owner for the sale if the agent had ?

    a. relied on the verbal promise.
    b. made a written memorandum of the agreement signed by the agent.
    c. obtained a valid buyer listing agreement.
    d. none of the above.

    A buyer intends to sell a house within two years. The buyer would prefer ?

    a. a loan with no prepayment penalty.
    b. a loan with low initial loan costs.
    c. an assumable loan.
    d. all of these.

Legal Aspects Of Real Estate

    In advertising a mobile home, a broker used "no down payment" in the ads because he had arranged a separate loan to cover the down payment. The advertising was ?

    a. proper, because there was 100% financing.
    b. expressly prohibited by law.
    c. unethical but not illegal.
    d. proper, if all loan terms were included in the ad.

    For six years, Alfred, with Smith's permission, used a shortcut over Smith's land to get to his home. Alfred likely now has ?

    a. an easement by necessity.
    b. an easement in gross.
    c. an easement by prescription.
    d. a license.

    Refusal to make a mortgage loan within a designated area is known as ?

    a. steering.
    b. redlining.
    c. blockbusting.
    d. none of these.

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"Hey guys,

I took the exam today and passed!!!!
It only took me one try which was one of my goals. I took the online
classes and follow your suggestions so I took the crash course,
used the crash course app a lot, took 7 mock tests and went
confident to present the exam. Thank you for the great job you are
doing, you guys are awesome!!!! May God continue to bless you!"

Willie V.