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

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Pennsylvania 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. Prepayment penalties are:

Question 2 2. Which of the following is the correct formula for the total cash flow statement?

Question 3 3.

Calculate Sam's D/E.

His total liabilities are $50,000. His total assets are $400,000.

Question 4 4. The Equal Credit Opportunity Act is implemented through ____.

Question 5 5. Which type of easement is commonly used by the cable repairman to walk across private property from one yard to the next?

Question 6 6. Which of the following is the least advisable path to take regarding an encroachment on your property?

Question 7 7. Which of the following covenants warrants that the grantee is getting the property that the deed purports to be giving her?

Question 8 8. What makes a trustee or sheriff's deed less desirable than a deed you get during a conventional purchase of property?

Question 9 9. 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 10 10. Harry hires Carol to be his financial broker. He asks Carol to invest $10,000 in a particular stock. Later he finds that Carol invested his money in a different stock. Carol has likely breached the duty of:

Question 11 11. Kerry's residence is assessed at $170,000 and the land it sits on is assessed at $30,000. Kerry's state permits a homestead exemption equal to the lesser of 10% of the assessed value or $50,000. The mill rate is 15. What's Kerry's total annual property tax?

Question 12 12. The _____ prohibits discrimination in housing based upon race, color, religion, sex, national origin, familial status, and disability.

Question 13 13. What is an example of a latent defect?

Question 14 14. The fair value of real property is determined in the market mainly by _____.

Question 15 15. What is the main difference between an executed contract and an executory contract?

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Pennsylvania 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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