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

    Liquidated damages paid on default by the buyer of a single-family residence who intended to occupy the dwelling cannot exceed what percentage of the purchase price? ?

    a. 1%%
    b. 3%%
    c. 0%
    d. 10%%

    When soil is deposited on a riverbank, gradually building out the land, this process is called ?

    a. accretion.
    b. alluvion.
    c. avulsion.
    d. subsidence.

    A subdivision map is ?

    a. rarely accurate.
    b. good only to describe the entire subdivision.
    c. never required.
    d. a good reference for a legal description.

Real Estate Practice

    What did Proposition 13 provide for? ?

    a. It set a maximum tax rate.
    b. It set assessments for property acquired before 1978 back to the value on the 1975 tax roll.
    c. The tax can be increased 2% per year.
    d. All of these.

    Buying signals might include a buyer's ?

    a. whispering with a spouse.
    b. pacing off a room.
    c. seeming reluctant to leave a property.
    d. doing all of these.

    The type of listing that has the greatest likelihood of resulting in a sale would be a(n) ?

    a. open listing.
    b. exclusive-agency listing
    c. exclusive-right-to-sell listing.
    d. reduced-fee listing.

Legal Aspects Of Real Estate

    You made a statement that induced a person to act as a result of relying on that statement. The legal principle that now prevents you from asserting facts tat are contrary to your previous declaration is known as ?

    a. estoppel.
    b. ratification.
    c. respondeat superior.
    d. laches.

    A tenant on a long-term lease purchased the premises from the lessor. Later, to raise cash, he sold the property to an investor, who gave the tenant a 30-day notice to vacate. What are the rights of the parties? ?

    a. The lease preceded the sale; therefore, the tenant prevails.
    b. Occupancy was constructive notice to the investor of the lease.
    c. The purchase by the tenant ended the lease.
    d. Tenant rights were lost by accord and satisfaction.

    A written contract whereby the seller agrees to convey at an agreed price at a definite time in the future, and the buyer agrees to buy at said time and price would be ?

    a. an executory, express, bilateral contract.
    b. an executed, implied, unilateral contract.
    c. a valid, express, unilateral contract.
    d. an enforceable, bilateral, executed contract.

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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.