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

    On May 15, a business owner notified her landlord that she would be vacating her retail store location on June 30. The business owner has a month-to-month periodic tenancy. Until what date will she incur rent? ?

    a. June 15
    b. June30
    c. July 15
    d. July 30

    A fee simple estate and a life estate are ?

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

    The sheriff is directed to sell property by ?

    a. a writ of attachment.
    b. a writ of execution.
    c. a satisfaction.
    d. a release.

Real Estate Practice

    The term CPM refers to ?

    a. California Property Manger.
    b. Certified Property Manager.
    c. Certified Professional Manager.
    d. none of these.

    An owner tells you that Agent Jones told her she could get far more for her home than your CMA indicates. What is your BEST response? ?

    a. "Many unethical agents will promise the moon to get listings and then fail to perform."
    b. "I am willing to take the listing at that price, but if we don\\\\\\\'t attract buyers we will reevaluate the price."
    c. "I don\\\\\\\'t believe it. No agent who knows the market would set a price that high."
    d. "I think my comparative market analysis covers all recent comparables and clearly shows the market value. May I please look at the comparative market analysis that Agent Jones prepared for you?"

    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.

Legal Aspects Of Real Estate

    Losing a right because of failure to assert it in a timely manner is known as ?

    a. rescission.
    b. laches.
    c. estoppel.
    d. specific performance.

    An offer to purchase stated that it would remain open for 48 hours. Which statement is TRUE regarding this offer? ?

    a. This offer is really an option.
    b. This offer is irrevocable for 48 hours.
    c. This offer can be revoked by the offeror before the expiration of 48 hours without penalty.
    d. While the offer is revocable immediately, the offeror must forfeit the deposit.

    Seven parcels of land were subject to a restrictive covenant limiting use for residential purposes. A woman acquired all seven parcels and intends to build a commercial property in conformance with zoning. Which of the following describes her rights? ?

    a. She will not be issued a building permit because the use would violate the restrictions.
    b. The restrictive covenant is terminated by merger.
    c. Any former owner can obtain an injunction to stop the project.
    d. Anyone can enforce the restrictions.

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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.