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

    Using the benefits of the GI Bill, a veteran cannot buy ?

    a. a house.
    b. a condominium.
    c. a farm.
    d. a manufactured home.

    In California, the Uniform Commercial Code governs sales transactions involving ?

    a. real estate.
    b. bulk sales of goods.
    c. fixtures to real estate.
    d. riparian rights.

    Disclosure of the fact that property is located in a special studies zone must be made by ?

    a. the city council or board of supervisors.
    b. the property buyer.
    c. the real estate agent who represents the seller.
    d. the seller, in addition to the real estate agent.

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.

    Which statement regarding counteroffers is NOT true? ?

    a. A counteroffer serves as a rejection of an offer.
    b. If the counteroffer is not accepted, the owner has the option of accepting the original offer..
    c. A counteroffer turns the original offeree (the owner) into an offeror.
    d. Both a and c.

    All of the following statements regarding an exclusive-right-to-sell listing are true EXCEPT ?

    a. escrow does have to close for an agent to be entitled to a commission.
    b. it must have a termination date for the agent to be able to collect a commission.
    c. the agent must give the owner a copy of the listing when the owner signs.
    d. the agent is precluded from working with.

Legal Aspects Of Real Estate

    A recorded abstract of judgment has priority over a homestead declarations when ?

    a. it was recorded before the homestead.
    b. the homestead is invalid.
    c. the homestead is abandoned.
    d. any of these occurs.

    The Subdivided Lands Law covers ?

    a. undivided interests.
    b. out-of-state subdivisions sold in California.
    c. time-shares.
    d. all of these.

    The executor brought a bid of $190,000 to the probate court for approval. The court will NOT consider late bids less than ?

    a. $190001.00
    b. $191000
    c. $200000
    d. $209000