Practice Quiz

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

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21. An assessment does which of the following?
  1. Places a value on property for the purpose of real estate sales
  2. Is the same as a competitive market analysis
  3. Places a value on property for the purpose of taxation
  4. Is usually carried out by the mayor of a town
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22.

Occasionally, the title to real property becomes unmarketable. Which of the following causes would be least likely to result in that eventuality?

  1. Imperfect title, due to a breach caused by adverse possession of a prior owner
  2. A lis pendens filed by the husband of the owner of record
  3. Restrictions imposed by a private owner through a deed notation
  4. Public restrictions contained in zoning ordinances and building codes
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23. One who establishes the value of a property for taxation purposes is called:
  1. a government tax appraiser
  2. an assessor
  3. an appraiser
  4. all of the above
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24. Which of the following would normally install conduit?
  1. Plumbers
  2. Electricians
  3. Roofers
  4. Carpenters
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25. The term “note rate” refers to:
  1. the speed at which a musician plays scales
  2. the interest rate stated on a mortgage note
  3. the interest rate stated on a personal loan
  4. the rate at which a note is amortized
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