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

    Title to a spouse's marital property can be transferred upon death by use of ?

    a. an oral will.
    b. a tenancy in common.
    c. a living trust.
    d. a letter of intent.

    A seller received an offer of $610,000 for his house. His asking price is $635,000. The seller countered with $625,000. if the buyer rejects the counteroffer, may the seller accept the $610,000 offer? ?

    a. Yes
    b. No
    c. Yes, if he does so within 24 hours
    d. Only if he redrafts the original offer

    Five difference graduated payment mortgages are approved by ?

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

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.

    Which of the following phrases would be considered nondiscriminatory in an advertisement for a rental? ?

    a. Christian family
    b. Prefer working married couple
    c. Just two blocks to St. Michael\\\\\\\'s
    d. None of these

    Endless chain refers to ?

    a. the long-term effects of advertising.
    b. obtaining additional prospects from every lead.
    c. the fact that your buyer will eventually become a seller.
    d. the fact that most buyers are sellers and sellers are buyers.

Legal Aspects Of Real Estate

    A buyer given possession by the seller one week before close of escrow should be MOST concerned about ?

    a. the impound account.
    b. risk of loss.
    c. extended title coverage.
    d. designation of the escrow holder.

    When a tree trunk is on the boundary line, ?

    a. both owners must agree to its removal.
    b. it belongs to both owners.
    c. both owners can trim branches over their own property.
    d. all of these are correct.

    Loss of value of remaining land caused by a taking under eminent domain is known as ?

    a. inverse condemnation.
    b. the police power of the state.
    c. severance damage.
    d. exemplary damage.

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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.