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 house that benefits from the desirability of its neighboring properties is an example of the principle of ?

    a. balance.
    b. contribution.
    c. progression.
    d. regression.

    An agency relationship may NOT be terminated by ?

    a. completion of the agreement.
    b. expiration of the terms of the agreement.
    c. agreement of the parties.
    d. someone outside the agency relationship.

    Unless the seller provides the necessary documentation, part of the proceeds of a sale of real property must be withheld for federal tax purposes as provided by ?

    a. the FHA.
    b. Fannie Mae.
    c. FIRPTA.
    d. the IRS.

Real Estate Practice

    The difference between the interest rate of an index and the rate charged by a lender under an adjustable-rate mortgage is known as the ?

    a. discount.
    b. gap.
    c. margin.
    d. cap.

    The proposition that allows a tax assessment for certain homeowners to be transferred from one country to another is Proposition ?

    a. 13
    b. 58
    c. 60
    d. 90

    Which statement regarding earthquake safety disclosure is TRUE? ?

    a. It applies to 1-4 unit residential properties.
    b. It applies only to homes built before 1930.
    c. The buyer can waive her right to a hazards report.
    d. Delivery of a copy of The Homeowner\s Guide to Earthquake Safety is evidenced by an affidavit from the agent.

Legal Aspects Of Real Estate

    Refusal to make a mortgage loan within a designated area is known as ?

    a. steering.
    b. redlining.
    c. blockbusting.
    d. none of these.

    Acknowledgment is necessary to ?

    a. deliver a deed.
    b. validate a deed for recording.
    c. have a formal will.
    d. convey legal title.

    The California court that has original jurisdiction for a claim of $100,000 would be the ?

    a. California Supreme Court.
    b. superior court.
    c. small claims court.
    d. Court of Appeal.

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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.