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 out-of-state subdivider of California land ?

    a. must procure a public report.
    b. need not procure a public report.
    c. can decide whether to procure a public report.
    d. needs a public report only to finance a California subdivision.

    The testator names ?

    a. an executor or executrix.
    b. a testator.
    c. a devisor.
    d. an administrator or administratrix.

    The time period in which a lawsuit can be brought is set by ?

    a. the equal dignities rule.
    b. the statute of frauds.
    c. the statute of limitations.
    d. the probate court.

Real Estate Practice

    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.

    The purpose of the Subdivided Lands Law is to ?

    a. prohibit premature subdivisions.
    b. set minimum physical standards.
    c. protect purchasers from fraud.
    d. allow for a uniform growth pattern.

    The paragraph in the purchase contract in which the buyer indicates an intention to occupy the property (applies to 1-4 unit residential properties) is important because its relates to ?

    a. liquidated damages.
    b. vesting of title.
    c. smoke detectors.
    d. home protection plans.

Legal Aspects Of Real Estate

    The landlord must return the security deposit to the residential tenant within what time frame after regaining possession if there is no damage other than normal wear and tear? ?

    a. 7 days
    b. 3 weeks
    c. 30 days
    d. none of these.

    Procuring cause is of greatest significance in ?

    a. options.
    b. oral listings.
    c. open listings.
    d. rights of first refusal.

    A buyer given possession by the seller one week before close of escrow should be MOST concerned about ?

    a. the impound account.
    b. risk of loss.
    c. extended title coverage.
    d. designation of the escrow holder.