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Nebraska Real Estate Broker Exam: Study Guide & Practice  /  Real Estate Prep

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Nebraska Real Estate Broker Exam: Study Guide & Practice Final Exam

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 not a place of public accommodation for purposes of the ADA?

Question 2 2. Which of the following is a federal law that addresses how consumer information is to be disposed?

Question 3 3. Which of the following is not a phase in the process of Environmental Assessment?

Question 4 4. A house has an appraised value of $600,000. If the property tax is 8 percent, calculate the property tax.

Question 5 5. Which of the following is a disadvantage of seller financing for the buyer?

Question 6 6. A bridge loan is typically used to fund _____.

Question 7 7. When must a disclosure be signed when an agent becomes a transactional agent?

Question 8 8. Which of the following states allows real estate agents to establish a dual agency relationship?

Question 9 9. How is homeowner's insurance typically paid at closing?

Question 10 10. Which of the following covenants warrants that the grantee is getting the property that the deed purports to be giving her?

Question 11 11. What is an example of a latent defect?

Question 12 12. The fair value of real property is determined in the market mainly by _____.

Question 13 13.

Regarding promissory notes, are these statements true or false?

1. Sandy learned that promissory notes typically contain repayment terms, whereas IOUs do not.

2. Sandy found out that promissory notes are typically less detailed than a loan contract.

Question 14 14. Calvin not only has to make a loan payment every month but also escrow payments for insurance and taxes. Which of the following is the most precise name we can call Calvin's payment?

Question 15 15. _____ refers to straight line distances between two points, while _____ refers to identifiable lines that follow a feature like a river edge, road, or building.

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Nebraska Real Estate Broker Exam: Study Guide & Practice Final 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!

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