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

    An ARM is ?

    a. a graduated payment mortgage.
    b. a growing equity mortgage.
    c. a mortgage in which the interest rate changes periodically based on an index.
    d. a reverse annuity mortgage.

    The rule for preprinted contracts is ?

    a. handwriting takes precedence only over printing.
    b. printing takes precedence over typing.
    c. handwriting takes precedence over both typing and printing.
    d. typing takes precedence over handwriting.

    Property taxes are ad valorem taxes, which means that they are ?

    a. charged in relation to the value of the property taxed.
    b. charged once at the time of a property transfer.
    c. use taxes.
    d. sales taxes.

Real Estate Practice

    To determine the balance due on a loan, escrow requests ?

    a. a closing statement.
    b. a beneficiary statement.
    c. a reconveyance.
    d. an impound statement.

    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?"

    A loan covering more than one property would be a ?

    a. compound loan.
    b. blanket encumbrance.
    c. subordinated loan.
    d. reverse mortgage.

Legal Aspects Of Real Estate

    A sign company that has a right to place a billboard on the land of another would MOST likely hold ?

    a. a license.
    b. an easement in gross.
    c. an appurtenant easement.
    d. a fee simple.

    Which is TRUE about real estate agents\\\\ liability? ?

    a. An agent will always be liable for disobeying a principal\\\\\\\'s instructions.
    b. An agent will not be liable for a tort committed at the direction of the principal.
    c. The principal will never be liable for acts of the agent after termination of the agency.
    d. An agent can be held liable for a tort committed by the agent during the agency.

    Which of the following is an example of steering? ?

    a. Directing whites away from mixed-race areas
    b. Advertising properties in black areas only in newspapers aimed at black readers
    c. Both of these
    d. Neither 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.