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 window that opens out is called ?

    a. a double-hung window.
    b. a horizontal sliding window.
    c. a casement window.
    d. a fixed window.

    A section is ?

    a. 640 acres.
    b. six square miles.
    c. 5,000 feet by 5,000 feet.
    d. three leagues.

    A type of roof with two steeply pitched planes is called ?

    a. a gambrel roof.
    b. a flat roof.
    c. a gable roof.
    d. a saltbox roof.

Real Estate Practice

    Three brokers agreed that they would not let a third broker show any of their listings. This action would be regarded as ?

    a. a group boycott.
    b. price-fixing.
    c. market allocations.
    d. a tie-in agreement.

    A broker ordinarily would be liable to salespeople for ?

    a. unemployment compensation
    b. workers\\\\\\\' compensation
    c. Social Security contributions
    d. none of these.

    After two months, you receive an offer on one of your listings. Although for less than the listing amount, the offer is certainly reasonable based on the CMA. You should recommend to the owners that ?

    a. they counteroffer at a price halfway between list price and the offer to split the difference.
    b. the offer be rejected so that the offeror will raise the offer to the list price.
    c. they let the offer period expire without taking any action to make the offeror anxious.
    d. they accept the offer.

Legal Aspects Of Real Estate

    In presenting to an owner two identical offers requiring seller financing, which act of the broker would be wrong? ?

    a. Mentioning that one buyer had only recently been hired after a long period of unemployment.
    b. Mentioning that one buyer was black.
    c. Mentioning that one buyer had substantially greater income.
    d. Mentioning that one buyer had not given truthful credit information.

    Which statement is TRUE regarding net listings? ?

    a. They are illegal in California.
    b. The broker must disclose the amount of commission to be received.
    c. The broker\\\\\\\'s best interests would be served by setting as high a net price as possible.
    d. None of these is true.

    Which provision would LEAST likely be found in a real estate purchase contract? ?

    a. Safety clause
    b. Occupancy intentions
    c. Financing contingency
    d. Provision for physical inspection