Principles of Practicing Real Estate Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. What is the first step to become a licensed real estate salesperson?

Question 2 2. What is reciprocity?

Question 3 3. An _____ receives a check on a regular schedule, with their pay based on either the number of hours worked or a set salary.

Question 4 4. Real estate brokers:

Question 5 5. The goal of real estate pre-licensing education is to:

Page 2

Question 6 6. How many hours per week is an independent contractor required to work?

Question 7 7. Which of the following is a way a seller can get their house listed on a multiple listing service?

Question 8 8. At the end of the year an employee is issued a _____ to show earnings and an independent contractor is given a _____.

Question 9 9. What does MLS stand for?

Question 10 10. What does CE stand for?

Page 3

Question 11 11. What is the primary purpose of an MLS?

Question 12 12. How are multiple listing services generally organized?

Question 13 13. Which of the following is a typical requirement to gain access to an MLS?

Question 14 14. In general who obtains an Errors and Omissions insurance policy for a real estate agent who is an independent contractor?

Question 15 15. Who is responsible for taking taxes out of the independent contractor's pay?

Principles of Practicing Real Estate Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Real Estate Exam Prep  /  Business Courses
Support