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Pennsylvania Real Estate Broker Exam: Study Guide & Practice Final Exam
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Question 1
1.
A total breach of contract occurs when a party wholly fails to fulfill his or her obligations under a contract. Which of these examples demonstrates a total breach of contract?
For each example, Rick has hired Mitch to build a tree house in the large oak tree in his backyard. The tree house is for his grandchildren. It should have three windows and be completed in time for them to enjoy during their visit for Spring Break.
Question 2 2. What is the main difference between an executed contract and an executory contract?
Question 3 3. When a bank takes back a home from a borrower for non-payment, it is referred to as _____.
Question 4 4. During the student loan application process, Sandy signed a document that contained the name of the borrower, the name of the lender, the amount borrowed, the interest rate, the date the note was signed, and the first payment due date. This document is known as a:
Question 5 5. Which of the following is a right of the life estate holder?
Question 6 6. Which type of trust is created during life and which type is created upon death?
Question 7 7. What must the tenant pay in a gross lease?
Question 8 8. Which of the following is an example of a constructive eviction?
Question 9 9. Alicia received a conveyance of property by special warranty deed from Beth. John shows up at Alicia's new home and claims the mineral rights to her property based upon an inheritance that occurred over twenty years ago. This was before Beth even owned the property. What covenant has been breached?
Question 10 10. A person who dies with a valid will is said to have died ____, while a person who dies without a valid will is said to have died ____.
Question 11 11. What is one characteristic of livable space?
Question 12 12. Which of the following surveys take into account the Earth's curvature?
Question 13 13. What kind of collateral is used to secure a bridge loan?
Question 14 14. What type of fee do lenders charge to process a bridge loan application?
Question 15 15. Which of the following is not a place of public accommodation for purposes of the ADA?
I am a 
I am a Pennsylvania 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!