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 broker wants to help out his neighbor's son, who recently acquired a B.A. in history from Back East University. The broker hires the graduate to show property to prospective buyers. Because the new employee has no real estate license, the broker handles all of the negotiating. This practice is ?

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

    An apartment in San Francisco can be leased for a term of no more than ?

    a. 150 years.
    b. a reasonable time.
    c. 99 years.
    d. 51 years.

    When Aunt Winifred died, she left a life estate in Whiteacre to her nephew George. When George dies, Whiteacre will go to George's daughter Elizabeth. Elizabeth is ?

    a. a reversioner.
    b. a remainderman.
    c. a holder of a life estate.
    d. a joint tenant with right of survivorship.

Real Estate Practice

    A prospective buyer says, "The price is too high." The BEST response is ?

    a. "I think the price is fair."
    b. "Why don\\\\\\\'t you offer less?"
    c. "The comparable sales don\\\\\\\'t bear that out."
    d. "Why do you feel that the price is too high?"

    Rent skimming is ?

    a. charging minorities an exorbitant rent.
    b. a property manager\\\\\\\'s failure to disclose all rents received.
    c. a buyer\\\\\\\'s failure to apply rents to loans that were assumed.
    d. a tenant making monthly rent payments every 40 days.

    If we compare callers from classified ads with those from For Sale signs, in general, ?

    a. callers from signs are more likely to end up buying homes that cost less than the home they called about.
    b. callers from ads are more likely to end up buying homes that cost more than the home they called about.
    c. both of these are true.
    d. both of these are false.

Legal Aspects Of Real Estate

    A owner who excavates on her property below the level of a neighbor's foundation is ?

    a. always responsible for damages to her neighbor\\\\\\\'s structure.
    b. required to give notice to the neighbor of the proposed excavation.
    c. both of these.
    d. neither of these.

    A tenant who remains in possession after giving notice that she would vacate the premises becomes ?

    a. a tenant at will.
    b. a tenant at sufferance.
    c. an indefeasible tenant.
    d. none of these.

    A standard policy of title insurance protects against ?

    a. rights of parties in possession.
    b. unrecorded easements.
    c. zoning restrictions.
    d. forgery in the chain of title.