Practice Quiz

Real Estate Agent / Broker / Salesperson Exam Prep - Question List

Select how would you like to study

Study Mode Free Daily Question Test Mode
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
2. When duly recorded in the county where the property of the judgment debtor is located, an abstract of judgment for money awarded by a court becomes:
  1. An involuntary lien
  2. A voluntary lien
  3. An attachment lien
  4. An equitable lien
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

Select how would you like to study

Study Mode Free Daily Question Test Mode