Risk Management for 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!

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Question 1 1. By law, a mortgage lender is considered _______?

Question 2 2. What does the acronym NPI stand for?

Question 3 3. The GBLA requires financial institutions to provide consumers with:

Question 4 4. If a consumer is registered on the Do Not Call Registry, a real estate professional can make an exception if:

Question 5 5. Many consumer rights are protected under the:

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Question 6 6. Which of the following duties would an unlicensed real estate sales assistant generally be able to perform?

Question 7 7. Which of the following administrative activities would be inappropriate for an unlicensed real estate sales assistant to perform?

Question 8 8. Which of the following duties would an unlicensed real estate sales assistant NOT be able to legally perform?

Question 9 9. Which of the following is not an appropriate compensation plan for an unlicensed real estate sales assistant?

Question 10 10. Which of the following would NOT be appropriate for an unlicensed sales associate to do at a property showing?

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Question 11 11. Which of the following lawsuits would most likely be covered errors and omissions insurance policies?

Question 12 12. Which of the following is true regarding the principles of risk management?

Question 13 13. What of the following statements is correct about insurance premiums and deductibles?

Question 14 14. Which of the following cases would be covered by a general liability insurance policy?

Question 15 15. Which of the following business structures grants the owner limited liability protection from business debts?

Risk Management for 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!

Alabama Real Estate Broker Pre-License Exam: Study Guide & Practice  /  Business Courses
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