Free Real Estate Practice Exam | ADHI Schools

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

    A real estate agent owns duties to ?

    a. the principal.
    b. the third person.
    c. the subagent.
    d. all of these.

    When soil is deposited on a riverbank, gradually building out the land, this process is called ?

    a. accretion.
    b. alluvion.
    c. avulsion.
    d. subsidence.

    A retail business has a percentage leased based on 5% of gross income of up to $25,000 per month and 2.5% of gross income above that amount. The minimum to be paid is $1,000 per month. For a month in which the business has a gross income of $47,000, what will be the rent payment? ?

    a. $1800
    b. $4675
    c. $2800
    d. $3675

Real Estate Practice

    The MOST cost-effective advertising medium for selling a home likely would be ?

    a. television.
    b. the internet.
    c. classified newspaper ads.
    d. billboards.

    Direct mail solicitation for listings is more effective if you ?

    a. use window envelopes.
    b. use a mailing machine and bulk rate.
    c. use mailing labels.
    d. indicate you will be contacting them.

    Blind ads are ads that fail to include ?

    a. a price.
    b. the address of property.
    c. broker identification.
    d. property specifics.

Legal Aspects Of Real Estate

    After escrow instructions have been signed, the escrow agent may ?

    a. fill in blanks left by the parties.
    b. return the deposit to the buyer if the escrow fails to close on time.
    c. refuse to obey instructions received from the broker.
    d. do none of these.

    Which sequence shows the proper legal order for these events? ?

    a. Execution, attachment, judgment
    b. Judgment, execution, attachment
    c. Attachment, execution, judgment
    d. Attachment, judgment, execution

    What would result when Albert deeded to Henry, but Henry inadvertently recorded in the wrong county? ?

    a. Albert would retain title.
    b. Between Henry and Albert, Henry would have title.
    c. The minor defect in recording would not affect the constructive notice.
    d. The deed could be voided upon return of consideration.