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

    A security deposit on furnished residential property can be no more than ?

    a. two months\' rent.
    b. three months\' rent.
    c. a reasonable amount.
    d. $2000.00

    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.

    Generally, the action to enforce a mechanic's lien claim must be filed within how many days after the lien is recorded? ?

    a. 30 days
    b. 60 days
    c. 90 days
    d. 120 days

Real Estate Practice

    The Civil Rights Act of 1866 specifically covers what type of discrimination? ?

    a. Sex
    b. Marital status
    c. Age
    d. Race

    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.

    After an offer is accepted, the listing agent should ?

    a. keep track of escrow progress.
    b. make certain all papers are signed by the parties.
    c. make certain that conditions are being met.
    d. do all of these.

Legal Aspects Of Real Estate

    When an agent commits a tort while carrying out agency duties, the ?

    a. principal has no liability for the tort.
    b. principal would not be liable if the principal told the agent not to committed any torts.
    c. agent is exonerated from liability for the tort because the act was committed in an agency capacity.
    d. agent would be personally liable for the tort.

    When a listing includes a purchase right and the broker informs the owner that the broker will buy the property, the broker must ?

    a. disclose all known facts to the seller.
    b. present any offers received.
    c. obtain the seller\\\\\\\'s written consent to exercise the option.
    d. do all of these.

    In adopting regulations, an administrative agency must provide for ?

    a. alternative remedies.
    b. arbitration of disputes.
    c. a public hearing.
    d. all of these.