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

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Nebraska Real Estate Salesperson 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 best describes bridge loans?

Question 2 2. To make home ownership and home rehabilitation affordable in rural America the United States Department of Agriculture offers housing loan programs with _____.

Question 3 3. Who is the party that manages the probate estate and ensures that its assets are distributed in accordance with a valid will?

Question 4 4. An involuntary encumbrance is _____.

Question 5 5. John saw an ad for a new car in Sunday's paper. He noticed the model that he was most interested in started at $15,000. Does John have a valid offer?

Question 6 6.

Harry is known for drinking way too much and way too often. In fact, he might even be an alcoholic. After several beers, he decided to post an online ad to sell his car for $100.00 to the first buyer who shows up at the bar. He meant to say $10,000 but he was a bit tipsy when he typed the ad.

Billy Bob showed up with a hundred dollar bill and demanded the car. Harry refused to sell it. Did an enforceable unilateral contract exist?

Question 7 7. Mineral rights may include rights to all but which of the following?

Question 8 8. When may a riparian landowner make artificial use of the water abutting her property in a riparian system?

Question 9 9. Which of the following would NOT be appropriate for an unlicensed sales associate to do at a property showing?

Question 10 10. What do we generally call the person who is entitled to money held in a trust account?

Question 11 11. A copper mine was the town's biggest employer and recently closed. House values have collapsed and houses have become difficult to sell at any price. What type of consideration is this an example of?

Question 12 12. In which circumstance would a cost approach be most useful?

Question 13 13. Bill and Ted are neighbors who are fighting about a fence that Bill is building. Ted claims Bill is building on his property and Bill claims he's not. What type of survey may resolve the dispute?

Question 14 14. Which of the following is NOT an example of personal property?

Question 15 15. In home loans, _____ is the prepaid interest used to make up a difference in the interest rate charged and the interest rate the lender requires to make the loan.

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Nebraska Real Estate Salesperson 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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