Take this practice test to check your existing knowledge of the course material. We'll review your answers and create a Test Prep Plan for you based on your results.
How Test Prep Plans work
Answer 50 questions
Test your existing knowledge.
View your test results
Based on your results, we'll create a customized Test Prep Plan just for you!
Study more effectively: skip concepts you already know and focus on what you still need to learn.
Free Practice Test Instructions:
Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!
Question 1 1. Which of the following is true about amortization?
Question 2 2. A promissory note is _____.
Question 3 3. Landlords are required by federal law to disclose information about ________ to tenants of a rental property.
Question 4 4. What is the percentage range of the home or rental's value used for pricing a rental or lease unit?
Question 5 5. What is the gross income multiplier of a house that rents for $1,200 each month and would sell for $150,000?
Question 6 6. The appraisal section describing the improvements of the property includes all of the following EXCEPT:
Question 7 7. A property sells for $100,000. The brokers agree to split the 6% commission evenly. The seller's agent splits the commission with his broker 50/50. The buyer's agent is a broker. What amount the buyer's agent receive at closing?
Question 8 8. CFPB is an acronym for
Question 9 9. Which of the following is a common challenge in using metes and bounds survey methods?
Question 10 10. Which of these survey methods gives a legal description that reads like a walk around the borders of the property?
Question 11 11. Jack and Dianne were recently married and bought their first home. Which type of cotenancy can they acquire over their home?
Question 12 12. A _____ cooperative does not restrict the price of its shares, while a _____ does.
Question 13 13. Leigh hires Jennifer to be her real estate representative. Jennifer will help Leigh find a house to buy and has the authority to place bids for Leigh after Leigh decides to make an offer. Leigh and Jennifer have a written contract. What is this an example of?
Question 14 14. Paul hires Andy to be his sports agent. Paul hires Andy specifically to negotiate his NFL contract for the upcoming football season. Andy tries, but there aren't any NFL teams currently interested in Andy and recruiting season is now over. What is the state of this agency relationship?
Question 15 15. Your neighbor decides to start raising pigs in his suburban yard, and it's stinking up your yard and making it impossible to enjoy it. There are no restrictive covenants or equitable servitudes that apply. What's your best shot to make the neighbor stop if he won't do so voluntarily utilizing a private method?
Explore our library of over 79,000 lessons
Browse by subject