Take a free, practice Real Estate Agent License Exam. This free, practice exam will help prepare you for general questions you will face on your Real Estate. Learning Mode You answer a question similar to a real exam. The Real Estate License Professor then responds to your answer as correct or incorrect while providing a.

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. FREE Real Estate Exam Hello, Congratulations on your decision to secure your real estate license! Real estate provides the opportunity to be in business for yourself and create the success you desire. It requires a commitment, education and hard work.

I've taught real estate classes since 1986 and since that time I've helped thousands of people pass their real estate test. There are many factors involved in passing the exam. These three are the most important. Number 1 - Know your vocabulary words. Number 2 - Read the test question three times before answering the question. Number 3 - Stay relaxed during the exam. Real estate exam testing services have a database of real estate test questions.

Understanding the question formats is essential to passing the exam. That's why the Real Estate Exam Strategy (PDF) booklet is included with your review materials.

These real estate questions and my finals are designed to be hard. As your real estate exam coach, my goal is to have you learn from hard test questions. Write down vocabulary words in these questions that you do not know and learn them before you state final. These real estate exam questions are different than the 650 questions in the Pass MY Real Estate Exam Review package. In closing I will ask you to respect the real estate test. Think about this. Would you want to go to a doctor who learned enough to pass the test and then expected to really learn what he needed to you in the 'real world?'

Of course not! So, do not listen to those who say, 'Just learn what you need to know to pass the test and then I'll teach you what you need to know in the real world.' Respect the real estate exam! Learn everything you can about real estate! If real estate is your career and the means by which you are to create the live you desire, then educate yourself!

Start now by preparing in every way you can to pass the sales associate license. Real Estate Principles and Practice, and your state laws, are the foundation of your success! So, get your calculator, paper and pencil, and answer these FREE Real Estate Exam questions. If you decide you want additional review materials, you are only a mouse click away from the most complete review materials available anywhere! Continued success! Joyce These test questions may be used by students preparing for the real estate exam.

They may not be reproduced and used by schools or competitors. This is a sample real estate exam to show you how the system works and the quality of the test questions and explanations. There are over 650 Real Estate Exam Test Questions included in the Pass MY Real Estate Exam Prep Videos and Study Materials. All of the following are included in the bundle of legal rights EXCEPT A.

Right of control of the property. Right of enjoyment. Right of exclusion. Right of survivorship. Emblements are A.

Real property/fructus industriales. Real property/fructus naturales. Personal property/fructus industriales. Personal property/fructus naturales. Nonhomogeneity describes a/an A. Physical characteristic of real estate and refers to uniqueness of the property.

Physical characteristic of real estate and refers to the indestructibility of the property. Economic characteristic of real estate and refers to the scarcity of land in a given area.

Economic characteristic of real estate and refers to the permanence of the investment. A transaction broker is NOT known as a/an A.

A real estate licensee who has listed a property is a/an A. General agent of the broker and a special agent to the seller. General agent of the broker and a general agent to the seller. Universal agent of the broker and a special agent to the seller. Universal agent of the broker and a general agent to the seller. The total commission paid a brokerage firm was $33,500.

The firm was paid 7% on the first $200,000, 6% on the next $200,000 and 5% on the remainder. What was the sales price of the property? $450,000 B. $550,000 C. $650,000 D. $750,000 7. Agent Carrie received $937.50 as commission for a referral fee. The listing agent paid 25% of her commission for the referral. The total commission paid was 6%, which was split equally between the listing and selling brokerage firms. If the listing agent was paid 50% of her firm’s commission, what was the sale price of the property?

Negligent misrepresentation occurs when A. There is intentional misrepresentation of a material fact by a broker in order to take financial advantage of another. The agent showing the property exaggerates the property's benefits. A broker should have known that a statement about a materia fact was false. The broker or agent tells the seller to intentional lie about a property defect so they can get a quick sale. Buyers met an agent at an open house. In order to buy the listed property, the buyers needed to sell their house.

The agent wrote an offer to purchase with the following terms. 'Purchasers shall list purchasers property at 567 Main Street, Your Town, Your State with XYZ Realty within 24 hours of the acceptance of this offer, or this offer shall become null and void and the earnest money shall be refunded to the purchaser.' Is this legal? Yes, this is exactly what the agent should do to secure the listing. Yes, if state law allows it.

No, it is a violation of Regulation Z. No, it is a violation of the Sherman Antitrust Act. In most states which of the following situations would MOST LIKELY be grounds for suspension or revocation of a real estate license? Failure to specify a definite termination date in a listing contract B. Failure to find a buyer for a listed property C.

Failure to determine the correct list price in a comparative market analysis D. Failure to include a broker protection clause in a listing agreement 11. A person died testate.

After an extensive search, no additional heirs were found. The person's real property would transfer by A. Escheat to the state. By descent and distribution.

Which of the following would be future interests in a fee simple defeasible estate? Remainder/ Reversion B. Reconveyance/ Redemption C. Possibility of Reverter/ Right of Re-Entry D. Dower/Curtesy 13. Agnes, Zelma and Jayne are sisters and own a property as joint tenants.

Jayne sold her share to Maggie. Upon closing, Maggie is a A. Joint tenant with Agnes and Zelma. Tenant in common with Agnes and Zelma. Tenant by the entirety with Agnes and Zelma. Tenant at will with Agnes and Zelma. If state law permits, the unities of time, title, interest, possession and person would be created when A.

John, Peggy and George buy a cottage on the lake. Jones buy real estate.

A corporation purchases investment property. Carrie buys her first house. When Branham brought his property he had a 20% down payment and secured a 30 year loan at 7% interest. If his first month’s interest was $787.50, how much did he pay for the property? The S1/2 of the NE1/4 and the NW1/4 of the SE1/4 would contain A.

2,344,560 square feet. 3,484,800 square feet. 4,395,340 square feet.

5,277,200 square feet. In 1969 Carmel purchased a condo for $15,000. Today she sold the property for $85,000 and agreed to finance the loan for the buyer. This transaction is known as a/an A. Conventional loan. Unconventional loan.

Land contract. Blanket mortgage.

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A lot that measures 475' x 525' sold for $275,000. What was the cost per front foot? A lot that measures 475' x 525' sold for $275,000. What was the cost per acre?

The market value of a property is $140,000. The owners pay $144.375 in monthly property taxes, or $2.75 per $100. What is the assessment rate? 45% D.45% 21. Two brothers owned a property and decided to list it with Agent Tejasi.

Thirty minutes before the listing appointment, one of the brothers was called out of town on an emergency. So, a friend signed the listing contract for him. Tejasi had no idea that the person signing was not the owner.

The status of the contract is A. A habendum clause would be found in a/an A. Sales contract. The borrowers negotiated a $125,000 for 20 years at 7% interest. Their monthly principal and interest payment is $969.12. How much interest will the buyers pay of the life of the loan? $107,588.80 B.

$232,588.80 C. $175,000.80 D. $107,885.80 24. An agent received a thank you note from a lender for the referral of a buyer. The note included a $35 gift card to a local restaurant. The law that makes this kickback illegal is A.

Regulation Z B. When you pass your exam you will MOST LIKELY A. Send Joyce an email to share in the celebration. Call your broker! All of the above.

Answers to the Free Real Estate Exam This will open in Google Docs. Keep studying and let me know when you pass! IWill@PassMYRealEstateExam.com

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Generally, you can expect that your state real estate agent license exam will consist of 80-100 multiple-choice questions about general real estate concepts and 60-80 questions specific to state licensing laws. Most states administer the tests in two parts, and require that the candidate pass both.

The general part of the exam is broken into several categories, similar to the categories you will see in this sample practice test below. The sample was written by Karen Bohler, Real Instructor, Broker and Curriculum Developer. For all 300 Questions with complete sections check out the - it will help you pass your State Real Estate Agent License Exam the first time. The is also available.

When personal property is attached to real property to such an extent that a person cannot extract the item from the real property without damaging the real property, the item is a fixture. Another test to determine whether an item is a fixture is whether the item is so adapted to the real property, that to remove the item will diminish the value or utility of the real property. Of course, if the purchase contract specifically includes a certain item with the sale of the property, that item must be regarded as a fixture, whether it meets the legal definition of fixture or not.

Likewise if the purchase contract specifically excludes an item from the sale, it must be regarded as personal property, and should be removed. Constitution limits government power, and requires that governmental actions and statutory regulations cannot take away property rights without due process, unless there is a compelling government interest to do so. Protecting the health, safety and welfare of the citizens of the community has long been accepted as such a compelling government interest. Police power is the power of the state to enforce laws and rules that protect the members of the community. Since owners take title to their property subject to zoning laws, enforcement of the zoning laws is constitutional. Equity is not directly affected by the purchase price for the property; nor is it directly affected by the amount of down payment put forth at the time of the purchase. Many owners are under the misguided belief that a high down payment will always result in high equity.

This is only true if the market value of the property remains the same as it is when the down payment is given; or increases after the down payment is given. If the market value of the property decreases, the equity in the property will decrease also, regardless of the purchase price and down payment amount. A metes and bounds legal description begins at a well-defined point (point of beginning or POB) and follows the boundaries of a parcel of land, using directions and distances around the tract, and ends at the point of beginning. When properly written, it is acceptable and enforceable in all court jurisdictions, and can be created for any parcel of property. Oftentimes, a deed will contain two types of land description.

Real Estate License Exam Questions

Generally, a metes and bounds description is accompanied by a rectangular survey (or government survey) description or lot, block and tract description. Incorrect answer, please choose another answer. Non-monetary Encumbrances Your neighbors use a portion of your property to reach their guest apartment, which is on their property. As far as you can recall, you never gave them permission to use your property, and you discuss with your attorney the possibility of preventing the neighbors from using your property. Your attorney explains that the ownership of the neighbors' real estate includes an easement appurtenant giving them the right to use that portion of your property. Your property is the.

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Specific liens are secured by a specific piece of property. General liens are secured by the collective assets of the debtor. Black cascade wolves throne room rar. Many borrowers are under the misguided impression that there is no collateral securing a general lien (such as a credit card lien or signature loan). While both types of liens require collateral, general liens are actually secured by more collateral than specific liens.

A lienholder of a general lien is within its rights to foreclose on any of the assets of the debtor; whereas a lienholder of a specific lien may only foreclose on the specific collateral named in the lien. An open listing gives any real estate licensee who has a listing agreement with the seller the right to a commission if he finds the buyer for the home. An open listing gives the seller the right to establish many listing agreements with many brokerage firms and pay a commission only to the firm that finds the buyer. Sellers might be under the misguided impression that this type of listing gives them an advantage.

However, in most cases, the listing agents in an open listing are not apt to market the property as aggressively if there is a possibility that another firm could find the buyer. Furthermore, most Multiple Listing Services (MLS) specifically prohibit the publication of open listings in the MLS listings, so all marketing of the property must be done through other less effective means.