PracticeQuiz content is free on an ad-supported model.

Unfortunately, we can't support AdBlocker usage because of the impact on our servers. If you'd like to continue, please disable your adblcoker and reload page.

Thanks for understanding.

PracticeQuiz.com

Reload page

Real Estate Agent / Broker / Salesperson Exam Prep Question List

1 Which of the following is not a characteristic of an easement:
  1. It is an interest which can be protected against interference by third persons
  2. It is capable of being created by a conveyance
  3. It is considered a non-possessory interest
  4. It is an interest that can be terminated at will by the processor of the land
See Answer
3 The term “periodic rate cap” refers to:
  1. an adjustable rate mortgage
  2. a limit on the amount the interest rate can increase or decrease during any one adjustment period
  3. conventional fixed-rate loans
  4. both A and B
See Answer
4 The distinguishing characteristic of a real estate option when compared to a conventional contract of sale is its:
  1. Lack of mutuality in obligation
  2. Irrevocability
  3. Mutuality of contract
  4. Both “1” and “2”
See Answer
5 The hiring of a specialist in property management would be justified by:
  1. Absentee ownership
  2. Technological advances in building concepts
  3. Vacancy factor high than normal
  4. Urbanization
See Answer