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 court order following a judgment for money is ?

    a. a certificate of sale.
    b. a special limitation.
    c. a writ of execution.
    d. a trustee in bankruptcy.

    Interest rate and payment can change every three to five years in ?

    a. a graduated payment mortgage.
    b. a renegotiable-rate mortgage.
    c. a growing equity mortgage.
    d. a reverse annuity mortgage.

Real Estate Practice

    The buyers sign that they have received a booklet relating to ?

    a. environmental hazards.
    b. floods, tornados, and earthquakes.
    c. foreclosure rights.
    d. rescission rights.

    When presenting an offer on your listing for less than list price, it is good policy to ?

    a. immediately tell the seller what the offer is.
    b. not recommend acceptance or rejection.
    c. recommend that sellers counter or reject offers when acceptance is not in their best interest.
    d. have a number of your office staff present to intimidate the sellers.

    What does the term logo refer to? ?

    a. Your firm name
    b. An identifying design or symbol
    c. Length of gross opportunity, which refers to the time span of attention generated by an ad
    d. None of these

Legal Aspects Of Real Estate

    Which is NOT a characteristic of fee simple ownership? ?

    a. Nonfreehold interest
    b. No time limit
    c. Freely transferable by owner
    d. Inheritable

    A grant of mineral rights made no mention of an easement to enter the property. What are the rights of the mineral rights holder? ?

    a. The holder must make a subterranean entrance from outside the property.
    b. The holder has no right of entrance.
    c. The holder has an implied easement to enter and mine.
    d. The holder can obtain an easement by necessity but must pay the fee owner for all resulting damages and loss of use.

    The Servicemembers Civil Relief Act of 2003 protects citizen soldiers by ?

    a. limiting credit obligations entered into before active duty to 5%.
    b. allowing courts to stay foreclosure for up to one year after active service ends.
    c. allowing service personal to terminate residential leases if transferred.
    d. prohibiting any eviction of a service member\\\\\\\'s family while the service member is on active duty.

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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.