๐ National Practice Quiz Two
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Question 1 of 40
1. Question
Which of the following is not a function of the antitrust laws?
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Question 2 of 40
2. Question
Which of the following describes the best way to make sure you are securely accessing the company network remotely?
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Question 3 of 40
3. Question
Ways a contract can be discharged include all of the following except
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Question 4 of 40
4. Question
hen using the income approach, an appraiser would consider
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Question 5 of 40
5. Question
________ occurs when one contracting party informs the other that he or she will not perform his or her contractual duties when due.
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Question 6 of 40
6. Question
An exclusive agency listing allows the seller to sell without owing the broker a commission
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Question 7 of 40
7. Question
The sellerโs broker can fill out the property condition disclosure…
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Question 8 of 40
8. Question
A sellerโs statement in a property disclosure document means?
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Question 9 of 40
9. Question
The type of easement usually given to a utility company so it can service equipment is an/a?
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Question 10 of 40
10. Question
An easement can be created for what length of time?
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Question 11 of 40
11. Question
Title transfers to the grantee when the deed is?
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Question 12 of 40
12. Question
The phrase “to have and to hold” would appear in a deed as the?
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Question 13 of 40
13. Question
Which of the following could be classified as noxious or annoying man-made conditions which are injurious to health or interfere with an individualโs sensitivities?
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Question 14 of 40
14. Question
Which of the following would generally be included in the Phase I assessment of a parcel where hazardous substances may have been disposed?
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Question 15 of 40
15. Question
Which of the following is a naturally-occurring radioactive gas located in soils with a concentration of uranium in the rock
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Question 16 of 40
16. Question
MATCH: When the closing or consummation date of the sale, lease, or other real estate transaction has passed, or one or more parties have expressed an intention not to close, and the broker has not received conflicting or identical instructions from all the parties concerning how to disburse the escrowed funds.
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Question 17 of 40
17. Question
A mortgage that covers more than one parcel of real estate is a
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Question 18 of 40
18. Question
Once the initial rate has been set for an adjustable-rate mortgage (ARM), future interest rate adjustments are based on the upward and downward movements of
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Question 19 of 40
19. Question
The person who is responsible for determining how the company charges for its services is
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Question 20 of 40
20. Question
__________________ occurs whenever two or more competitors agree to take actions that have the effect of raising, lowering or stabilizing the price of any product or service without any legitimate justification.
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Question 21 of 40
21. Question
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Question 22 of 40
22. Question
Parking spaces in multi-unit buildings, water rights, and similar things of value that convey with the property are classified as
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Question 23 of 40
23. Question
When using the income approach, an appraiser would consid
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Question 24 of 40
24. Question
A _________________ contract is an exchange of promises, which binds both parties.
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Question 25 of 40
25. Question
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Question 26 of 40
26. Question
In helping a buyer to select a lender, if the buyer believes he has good credit and his income is documentable as a salary and by tax returns, the licensee might recommend a mortgage banker, instead of a mortgage broker, for all of the following reasons EXCEPT
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Question 27 of 40
27. Question
Black mold is an environmental concern and is known as/to:
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Question 28 of 40
28. Question
________ advertising is illegal
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Question 29 of 40
29. Question
The type of easement that results from a landowners rights of ingress and egress to and from his or her land is an
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Question 30 of 40
30. Question
A real estate broker wants to end racial segregation. As an office policy, the broker requires that salespersons show prospective buyers from racial or ethnic minority groups only properties that are in certain areas of town where few members of their groups currently live. The broker has prepared a map illustrating the appropriate neighborhoods for each racial or ethnic group. Through this policy, the broker hopes to achieve racial balance in residential housing. Which of the following statements is true regarding this brokerโs policy?
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Question 31 of 40
31. Question
The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) is commonly known as
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Question 32 of 40
32. Question
Which of the following is a physical characteristic of land?
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Question 33 of 40
33. Question
Ana bought a home for $165,000. Her assessed value is $160,000. She is taxed 2.25 for every 100 of assessed value. What is her monthly tax due?CorrectIncorrect -
Question 34 of 40
34. Question
John bought a rental apartment building for $215,000. The assessed value is $205,000. The tax rate is $1.50 per 100 of assessed value. What is the monthly tax?CorrectIncorrect -
Question 35 of 40
35. Question
Ana, John, and Jim bought together a property worth $675,000. John put up $337,500, Ana put up 25%. How much money did Jim have to come up with?CorrectIncorrect -
Question 36 of 40
36. Question
When a judgment on a property has been properly recorded. The world has been givenCorrectIncorrect -
Question 37 of 40
37. Question
A contract that has no legal object is considered?
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Question 38 of 40
38. Question
A contract shown by the actions of the parties would be a/an?
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Question 39 of 40
39. Question
This occurs when one or more of the contracting parties perform only a portion of the agreed-upon contractual duties
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Question 40 of 40
40. Question
A seller can limit the length of time for a buyerโs contingency to be met with an _______________
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