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

    David Yoo bought Whiteacre and is making the former owner's original loan payments. If David defaults, the seller will be obligated on the loan. Which statement is TRUE? ?

    a. David bought the loan.
    b. David bought the property subject to the loan.
    c. David is subject to a due-on-sale clause.
    d. David does not have title to Whiteacre.

    An apartment in San Francisco can be leased for a term of no more than ?

    a. 150 years.
    b. a reasonable time.
    c. 99 years.
    d. 51 years.

    Providing tenant information is the responsibility of ?

    a. the buyer.
    b. the seller.
    c. the escrow agent.
    d. the real estate agent.

Real Estate Practice

    An owner tells you that Agent Jones told her she could get far more for her home than your CMA indicates. What is your BEST response? ?

    a. "Many unethical agents will promise the moon to get listings and then fail to perform."
    b. "I am willing to take the listing at that price, but if we don\\\\\\\'t attract buyers we will reevaluate the price."
    c. "I don\\\\\\\'t believe it. No agent who knows the market would set a price that high."
    d. "I think my comparative market analysis covers all recent comparables and clearly shows the market value. May I please look at the comparative market analysis that Agent Jones prepared for you?"

    If we compare callers from classified ads with those from For Sale signs, in general, ?

    a. callers from signs are more likely to end up buying homes that cost less than the home they called about.
    b. callers from ads are more likely to end up buying homes that cost more than the home they called about.
    c. both of these are true.
    d. both of these are false.

    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.

Legal Aspects Of Real Estate

    Which is NOT an important test of a fixture? ?

    a. Cost
    b. Intent
    c. Method of attachment
    d. Adaptability

    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.

    A judgment lien is effective ?

    a. only in the county where rendered.
    b. only in the county where the debtor resides.
    c. in every county where it is recorded.
    d. for 25 years from recordation.

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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.