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

    If unauthorized work is being done, a property owner can ?

    a. file a preliminary notice.
    b. file a notice of cessation.
    c. allow the job to be completed and then refuse to pay.
    d. file a notice of nonresponsibility.

    The contract Haji Ababe accepted states a purchase price "as appraised on May 12, 2016, by Mike Morton, MAI." Based on this provision, the contract is ?

    a. void.
    b. voidable.
    c. unenforceable.
    d. enforceable.

    Exaggerating a property's value or desirability ?

    a. is permissible.
    b. is expected in the average transaction.
    c. is justifiable as harmless "puffing".
    d. is never permitted.

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.

    Which of the following statements regarding role-playing is TRUE? ?

    a. Role-playing situations are limited only by our own imagination.
    b. Role-playing can be verbalized or nonverbalized.
    c. Role-playing exercises can involve more than one person.
    d. All of these.

    If another agent is showing a home when you arrive for a showing, what should you do? ?

    a. Bring your prospects in and let them know they are competing with other buyers for the house.
    b. Cross the house off your showing list until uou are sure it has not been sold.
    c. Wait inconspicuously until the other agent completes his or her showing and leaves.
    d. Tell your clients that you are certain that the other prospects are buyers so they had better act fast.

Legal Aspects Of Real Estate

    Rights of occupancy of owners in a cooperative are based on ?

    a. a proprietary lease.
    b. the articles of incorporation.
    c. the bylaws of the association.
    d. individual deeds to each unit.

    A new mobile home located in a rental park in 2015 was not attached to a foundation. It would be taxed ?

    a. as real property.
    b. as personal property.
    c. as a vehicle with fees to the department of Motor Vehicles.
    d. with fees paid to the Department of Housing and Community Development.

    Seven parcels of land were subject to a restrictive covenant limiting use for residential purposes. A woman acquired all seven parcels and intends to build a commercial property in conformance with zoning. Which of the following describes her rights? ?

    a. She will not be issued a building permit because the use would violate the restrictions.
    b. The restrictive covenant is terminated by merger.
    c. Any former owner can obtain an injunction to stop the project.
    d. Anyone can enforce the restrictions.

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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.