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

    Four discount points will increase a lender's effective yield by approximately ?

    a. 1/4%
    b. 1/8%
    c. 1/2%
    d. 4%%

    All water heaters must be ?

    a. cemented in place.
    b. braced, anchored, or strapped.
    c. at least 80 gallons in capacity.
    d. warranted by the state.

    The Real Estate Law is found in ?

    a. the Licensing Code.
    b. the Business and Professions Code.
    c. the Health and Safety Code.
    d. the Corporations Code.

Real Estate Practice

    Disadvantages of home ownership include ?

    a. increase in expenses.
    b. risk.
    c. lack of liquidity.
    d. all of these.

    An escrow company is prohibited from ?

    a. paying referral fees to anyone other than an employee of the escrow company.
    b. bonding employees.
    c. both of these.
    d. neither of these.

    In choosing a broker, a new licensee should be LEAST interested in an office that ?

    a. has a high percentage of successful salespeople.
    b. has a good library of books, tapes, and videos for training.
    c. offers 100% commission.
    d. is a member of a local multiple listing service.

Legal Aspects Of Real Estate

    Which is NOT a requirement of every valid contract? ?

    a. Consideration.
    b. Meeting of the minds
    c. Writing
    d. Legal purpose

    An owner is likely to be liable to a recreational user of his property when ?

    a. he fails to post No Trespassing signs.
    b. he fails to warn against a dangerous condition.
    c. the property is urban in nature.
    d. all of these conditions exist.

    A partnership that has NOT complied with the fictitious name statute ?

    a. would be a limited partnership.
    b. cannot sue in the partnership name.
    c. is an unincorporated association.
    d. is all 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.