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

    The principal owes the agent ?

    a. only the duty of compensation.
    b. the duty of obedience.
    c. the duty of care.
    d. the duties of a fiduciary.

    A veteran can be given a home loan on property owned by ?

    a. FHA.
    b. VA.
    c. CalVet.
    d. Fannie Mae.

    A new broker opens a brokerage office and immediately places an ad in the local newspaper List Your House with Me and I Will Pay You $500 at Closing. This practice is ?

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

Real Estate Practice

    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.

    Which is a debit to the seller on a seller's closing statement? ?

    a. Selling price
    b. Prepaid taxes
    c. First trust deed to be assumed by buyer
    d. All of these

    The MOST cost-effective advertising medium for selling a home likely would be ?

    a. television.
    b. the internet.
    c. classified newspaper ads.
    d. billboards.

Legal Aspects Of Real Estate

    Which is TRUE regarding the difference between waiver and rescission? ?

    a. Waiver leaves the parties as they are.
    b. Rescission puts the parties back the way they were.
    c. Both are true.
    d. Neither is true.

    An oral agreement MOST likely to be enforceable would be ?

    a. an option to purchase.
    b. an agreement between brokers to split a commission.
    c. an open listing.
    d. a real estate purchase contract.

    A declaration of homestead would NOT be valid if filed by ?

    a. a spouse without the other spouse\\\\\\\'s permission on community property.
    b. a tenant on a 35-year lease.
    c. an owner of a 60-unit apartment complex.
    d. both spouses at the start of construction of their future residence.

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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.