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

    Zoning ordinances are an exercise of a government's ?

    a. power of eminent domain.
    b. power of condemnation.
    c. police power.
    d. judicial power.

    Disclosure of the fact that property is located in a special studies zone must be made by ?

    a. the city council or board of supervisors.
    b. the property buyer.
    c. the real estate agent who represents the seller.
    d. the seller, in addition to the real estate agent.

    A property manager ?

    a. must be a real estate broker.
    b. is the property owner\\\\\\\'s agent.
    c. is the tenant\\\\\\\'s agent.
    d. is not an agent.

Real Estate Practice

    A broker can act as an escrow when the broker ?

    a. represents the buyer in the transaction.
    b. represents the seller in the transaction.
    c. is a principal in the transaction.
    d. is any of these.

    A broker ordinarily would be liable to salespeople for ?

    a. unemployment compensation
    b. workers\\\\\\\' compensation
    c. Social Security contributions
    d. none of these.

    A broker refused to show a young Hispanic family of five a condominium about which they had inquired. The broker's action would be proper if ?

    a. the broker considered the unit too small for the family.
    b. there were no other children in the development.
    c. the development has an age exemption because all occupants are 55 years of age or older.
    d. 70% of the units are occupied by elderly.

Legal Aspects Of Real Estate

    Interval exclusive occupancy coupled with a joint ownership likely refers to ?

    a. a cooperative.
    b. a community apartment project.
    c. an undivided interest subdivision.
    d. a time-share.

    A new limited partnership must ?

    a. end its name with "A Limited Partnership."
    b. have a written agreement.
    c. file a formal certificate of limited partnership.
    d. do all of these.

    Which is a TRUE statement about judgments? ?

    a. They are good for 10 years.
    b. They can be renewed.
    c. When recorded, they create a general lien in the county of recordation.
    d. All of these statements are true.