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

    A holder in due course must take a negotiable instrument ?

    a. within 90 days of its execution.
    b. with knowledge of all defenses against it.
    c. without notice of any defense against its enforcement.
    d. for cash.

    A salesperson is selling the Greenacre Estate. An offer has been accepted, and the closing will take place in two weeks. While the owners are out of town, the buyer asks if the closing can be put off for one day. The salesperson agrees on behalf of the owners, for she is sure they will not object. The salesperson's conduct is ?

    a. acceptable.
    b. mandated.
    c. discouraged.
    d. prohibited.

    A property description including the words "250 acres, more or less" is ?

    a. fatally defective.
    b. not definite enough.
    c. sufficient if reasonably close to the exact acreage.
    d. incomplete without a metes and bounds description.

Real Estate Practice

    Which loan type is MOST likely to meet all the criteria of question 8? ?

    a. Renegotiable-rate mortgage
    b. Adjustable-rate mortgage
    c. Fixed-rate mortgage
    d. Reverse mortgage

    Who can modify an accepted offer to purchase? ?

    a. The selling broker
    b. The listing broker
    c. The listing broker and the seller
    d. The buyer and the seller by mutual agreement

    By taking a listing at a low fee that will result in a less than normal fee for any cooperating brokers, you are benefiting ?

    a. your office.
    b. a selling office.
    c. the owner.
    d. none of the above.

Legal Aspects Of Real Estate

    Which would be classified as personal property? ?

    a. Mineral rights
    b. An oil lease for 10 years
    c. Fixtures
    d. Riparian rights

    Commission disputes between a broker and salespeople would likely be referred to the ?

    a. state labor commissioner.
    b. Court of Appeal.
    c. agency review board.
    d. real estate commissioner.

    Which is TRUE of the Interstate Land Sales Full Disclosure Act? ?

    a. There is a 14-day right of rescission.
    b. It applies to 50 or more parcels.
    c. The California public report can be used to satisfy the disclosure requirements.
    d. All of these are true.

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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.