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

    After attending a get-rich-quick real estate seminar, an attendee wants to buy a house "cheap." She tells a broker that she will offer $50,000, with seller financing and no down payment, on the Monroe Street house, which has an asking price of $125,000. The broker presents the offer with one of his own for $85,000, telling the owners that unexpected market conditions make their asking price unrealistic. His conduct is ?

    a. acceptable.
    b. mandated.
    c. discouraged.
    d. prohibited.

    All real estate agency agreements must ?

    a. expire in 90 days.
    b. be in writing.
    c. be signed before a buyer is solicited.
    d. be approved by the California Bureau of Real Estate.

    Sales and use taxes are the responsibility of ?

    a. the Internal Revenue Service.
    b. the Franchise Tax Board.
    c. the State Board of Equalization.
    d. the Department of Housing and Community Development.

Real Estate Practice

    An exclusive-right-to-sell listing includes ?

    a. an agency relationship disclosure.
    b. an attorney fee provision.
    c. an arbitration agreement.
    d. all of the above.

    An owner tells you that Agent Jones told her she could get far more for her home than your CMA indicates. What is your BEST response? ?

    a. "Many unethical agents will promise the moon to get listings and then fail to perform."
    b. "I am willing to take the listing at that price, but if we don\\\\\\\'t attract buyers we will reevaluate the price."
    c. "I don\\\\\\\'t believe it. No agent who knows the market would set a price that high."
    d. "I think my comparative market analysis covers all recent comparables and clearly shows the market value. May I please look at the comparative market analysis that Agent Jones prepared for you?"

    The term farming as used in real estate refers to ?

    a. determining what your market area will be
    b. operation by season, such as a listing season, open house season, selling season, and so forth.
    c. specialization in a particular field of real estate activity.
    d. working or prospecting a geographic area or special interest area for buyers and sellers.

Legal Aspects Of Real Estate

    Which sequence shows the proper legal order for these events? ?

    a. Execution, attachment, judgment
    b. Judgment, execution, attachment
    c. Attachment, execution, judgment
    d. Attachment, judgment, execution

    What would result when Albert deeded to Henry, but Henry inadvertently recorded in the wrong county? ?

    a. Albert would retain title.
    b. Between Henry and Albert, Henry would have title.
    c. The minor defect in recording would not affect the constructive notice.
    d. The deed could be voided upon return of consideration.

    MOST California real estate law originally came from ?

    a. Spanish law.
    b. Mexican law.
    c. English common law.
    d. the commissioner\\\\\\\'s regulations.

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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.