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

    Mario died in 2014, leaving only his separate property estate valued at $500,000. Must an estate tax return be filed? ?

    a. Yes
    b. No
    c. Only if Mario was a widower
    d. Only if the estate is probated.

    Victor and Karen are not married but together own community property because they are ?

    a. brother and sister.
    b. joint tenants.
    c. registered domestic partners.
    d. holders of a life estate.

    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

    Many buyers have second thoughts after placing an offer. This buyer apprehension is commonly known as ?

    a. feedback.
    b. the gambler syndrome.
    c. buyer\\\\\\\'s remorse.
    d. negative motivation.

    A loan covering more than one property would be a ?

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

    Property managers can be protected against receiving no fees when managing a vacant property they are unable to rent by a ?

    a. holdover clause.
    b. recapture clause.
    c. minimum fee.
    d. separate leasing fee.

Legal Aspects Of Real Estate

    A nonresident who wishes to obtain a California real estate license must ?

    a. first establish California residency.
    b. consent to process service on the secretary of state if the prospective licensee cannot be located within the state.
    c. also be licensed in his state of residency.
    d. be 21 years of age.

    Thomas and Andrew own property in joint tenancy. Thomas put a $50,000 mortgage on his interest. A short time later Thomas died. Who owns the property and how? ?

    a. Andrew owns the property clear of the mortgage.
    b. Andrew owns the property with a mortgage against it.
    c. Because the mortgage destroyed the joint tenancy, Andrew and the heirs of Thomas own the property as tenants in common.
    d. Andrew and the mortgagee own the property as tenants in common.

    John had all the elements of an easement by prescription for four years. The owner then gave permission to others for similar use of the property. What are John's rights? ?

    a. A new five-year period would start.
    b. Multiple use defeats the user\\\\\\\'s rights to an easement by prescription.
    c. The permission granted to others defeats John\\\\\\\'s chances of obtaining an easement right.
    d. With one more year of open, notorious, and hostile use, John can obtain an easement.

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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.