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

    In event of default, real property may be sold without court action if the mortgage or other lien instrument contains ?

    a. a trust deed.
    b. a power of sale.
    c. a tax deed.
    d. a right of entry.

    Closing is on June 15, and rent of $2,400 has been prepaid for the current month. What amount will the seller be debited at closing if the buyer receives credit for the day of closing? ?

    a. $1280
    b. $1200
    c. $1350
    d. $2200

    A township consists of how many sections? ?

    a. 12
    b. 18
    c. 4
    d. 36

Real Estate Practice

    The back-end qualifying ratio refers to the ratio of ?

    a. gross housing cost to gross income.
    b. total housing expense plus long-term debt to gross income.
    c. gross income to net income plus housing cost.
    d. none of these.

    A danger that an adjustable-rate mortgage poses to a buyer is ?

    a. higher payments if intertest rates increase.
    b. a longer payment period if interest rates increase.
    c. that the margin will increase.
    d. none of these.

    The difference between the interest rate of an index and the rate charged by a lender under an adjustable-rate mortgage is known as the ?

    a. discount.
    b. gap.
    c. margin.
    d. cap.

Legal Aspects Of Real Estate

    A nonresident who wishes to obtain a California real estate license must ?

    a. first establish California residency.
    b. consent to process service on the secretary of state if the prospective licensee cannot be located within the state.
    c. also be licensed in his state of residency.
    d. be 21 years of age.

    An owner's property was seized because it was used for drug sales. Which statement is correct? ?

    a. The owner is entitles to the fair market value of the property.
    b. If the owner is not found guilty of a felony, the property must be returned.
    c. Innocence of any knowledge of the use would be a defense against seizure.
    d. None of these statements is correct.

    Which constitutional amendment allows homeowners to place a For Sale sign on their home? ?

    a. First
    b. Fifth
    c. Fourteenth
    d. Twenty-Sixth

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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.