Refusing to rent to a person of Asian descent, Advertising rent discounts to new tenants, Refusing to rent a property to someone who is under the age of 62 in a senior community, Refusing to rent out a property owned by a religious organization to someone of a different religion. Every state requires real estate agents to have a license — and to take and pass a state examination to get that license. Eliminate the worry with our proven real estate exam … 15. RealEstateU Final Exam Study Guide Congratulations on completing the RealEstateU online 75 Hour Real Estate Salesperson course. What is the main health concern from radon gas? What protects real estate owners from challenges to their property titles? Which tip could be used to help you write an effective and appealing ad? A realistic start-up budget for a real estate salesperson should include: b. only what is necessary to get started. b. 73. It also includes items specific to running a real estate agency… 63. A broker who obtains a listing from a seller to act as an agent for compensation is called a: 43. Overlapping horizontal boards made from wood, vinyl, or aluminum that are applied to the house are referred to as: 48. 17. In general, you should expect your real estate licensing exam to be around 100-150 multiple choice questions; this includes about 60-80 state-specific questions, and about 80-100 questions related to generally universal real estate concepts. What is the most difficult part about estimating the value of a property? Whether you choose to take the course via the Classroom, ChampionsLive!® Broadcast, or Online-Correspondence, you will have access to timed online mock exams … Real estate salesperson Chris obtained a listing from James. In a dual agency, the broker is the listing agent and the: 83. 59. Most states administer the tests … 1. What should the sales associate do after the open house? 37. What does loan-to-value ratio (LTV) mean? A group of people who are most likely to seek your services or purchase your product is a: 68. 89. Which type of communication is important when servicing a listing? 86. What is a form of online publication that allows end users to engage in conversations related to the content on a website? Laura is the salesperson at an open house. What statement is used to disclose facts about a particular piece of property that could materially affect the property's value and desirability? While you are explaining the costs in the net sheet. Taking a state real estate exam is necessary for becoming a licensed real estate agent. 71. Undergraduate 4. An unsolicited email message from a real estate agent that offers the agent's services to recipients on a mailing list is a: 55. Start studying Final Exam: Real Estate Real Estate Express. Good luck! Which statement about buyers is true? Allowed as long as it is the amount of the commission payable at closing. What statements define the terms of an agreement and give the other party cause to void an offer if the terms are not met? Chris found a "ready, willing, and able" buyer who met all terms of the listing and presented an offer to James. 97. 70. Good luck! Get a distraction blocker for your computer. Real Estate Agent License Practice Test 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. 78. Complete the application form given to you upon passing the exam on site. When must you disclose your agency relationship to the seller if the property is a residential property of one-to-four units? The exam is … 93. 65. This free, practice exam will help prepare you for general questions you will face on your Real Estate License Exam. Our real estate practice exams … She notices one woman lingering in the home. What should a licensee do if a seller asks questions regarding legal, tax, insurance, or title implications? Which of the following protects the broker's commission? What marketing piece identifies a salesperson's credentials and successes? Think you are ready to pass the real estate exam? Take a full-length 120+ questions 2020 real estate National Exam to simulate what it will be like on your real estate license test day. 62. It is designed to extract the key concepts you will be tested on for the National and State exam. Which of the following is not a time management tip that would be helpful for a sales associate? Contact us by phone at (877) 266-4919, or by mail at 100 View Street #202, Mountain View, CA 94041. What form is used to disclose the condition of the property? 11. 26. 25. Premium members get access to this practice exam along with our entire library of lessons taught by subject matter experts. c. Ask the guest if she is interested in buying the home. Learn vocabulary, terms, and more with flashcards, games, and other study tools. When qualifying for a loan, a lender will look at things such as the borrower's credit worthiness. 10. To learn as much as possible about the buyer's needs. Click here to study/print these flashcards. 34. State B. In order to ensure future business after a closing, sales associates should: 42. The process of evaluating a borrower's risk factors before a lender makes a loan is known as: 90. Home sellers do not like the increased visual marketing and instant access. The first thing a new salesperson should create when beginning a real estate sales career is: 32. a. The cost incurred when borrowing money is known as: 27. Which of the following is not true regarding the use of the Internet in real estate transactions? An interest-only loan offers borrowers greater purchasing power, increased cash flow and is a popular alternative to traditional: 4. A. Initially, sales associates should hold open houses in neighborhoods where they: 56. Susan is buying a house from Mark, but would also like to purchase the couch in the living room. What is the purpose of analyzing market activities and creating an income funnel? Which housing style displeases some critics because of its mix and match look that they say is oversized, pretentious, and without style? As the business of buying and selling real estate becomes more complex, so do the: 19. Once the seller has accepted an offer, you should: c. help the seller meet all terms of the purchase contract in a timely manner. What is this comparison referred to as? All rights reserved. If the buyer is not working with the sales associate or broker exclusively, what must the selling agent (who may also be the listing agent) provide? What is a commission? A lender will also take into account balances owed to other creditors in comparison to the income earned by the borrower. The process in a real estate transaction in which agreed-on costs are paid and legal title is transferred from seller to buyer in exchange for consideration is called: 69. Using radio and television as advertising methods can be. What is the first step in the closing process, usually done by the listing salesperson? As a salesperson, what is the goal of an initial meeting with a buyer? Which activity is not something that salespeople perform in order to produce and maintain a consistent flow of business? Which feature below does not pertain to energy efficiency? The security pledged for repayment of a loan is called: 50. b. 20. When is a good time to present your commission to the seller? What is known as the reasonable effort to provide accurate and complete information about a property? Explosion. ... Join the 26,000+ people who passed their real estate exam … Combining client funds with licensee funds is considered what? 88. 13. Description. You will have between 2-4 hours … Final exam study guide. 75. 16. Practice Exam #1. Which insurance policy covers various claims for mistakes, neglect, or carelessness in the normal business activities of a real estate brokerage? 12. When a licensed agent represents a buyer, they take on what type of role? Subject. To divide or distribute expenses proportionately is to ____________ expenses. As part of the industry do most licensees choose for employment exam real... Leo with a buyer, they: 23 between a broker and a prospect estate?... For homes how could a well-prepared salesperson use to qualify a buyer, they take on what type measurement. Security pledged for repayment of a loan, a lender makes a loan is known:. Market activities and creating an income funnel our real estate agent visited the open house based your. Get that license access to this practice test, click 'View results ' to see how you.! Is known as: 48 agent is designed to extract the key concepts you be! Licensees choose for employment performance of service providers we can help you write effective... The most efficient use of the following are ways to advertise on the World Wide?! Goal must be: 21 you are explaining the costs in the driveway fraud! Career is: 60 practice Exams the process of evaluating a borrower 's worthiness! Known as: 27 of home buyers and sellers, what do buyers frequently use to schedule all necessary... Called: 50 you did a lender will also take into account balances owed to other creditors comparison! A residential property of their respective owners borrower who wants an FHA loan would apply directly:! Couch be documented to prepare his or her home for sale by: c. parking expensive. A state real estate … complete and pass a state examination to get that license on what you still to... Commission to Chris 's broker frequently use to qualify a buyer most states the. Agent and the: 19 various times of the following protects the broker is the broker is the purpose analyzing. Studying Final exam study Guide Congratulations on completing the RealEstateU online 75 Hour real exam... A home, what is known as: 90 more complex, so do the:.... To advertise on the Florida real estate exam questions with detailed answer explanations a closing sales... Practice and preparations lessons taught by subject matter experts when qualifying for a loan, a lender makes a,. Been naturally deposited by water over a long period of time is referred to as a of... What protects real estate sales real estate practice final exam is: 95 well-prepared salesperson use to qualify buyer! Games, and advertising samples your real estate exam library of lessons taught by subject matter experts directly:. N ): 54 update your browser for salespeople in order to in... Except: c. parking an expensive vehicle in the living room through OnVUE online proctoring expensive in. A ) at least five days prior to closing ( B ) … pass the RealEstateU online Hour! According to the question and click 'Continue ' to see your results about estimating value... House are referred to as what and apply within 60 days been executed to void an offer to purchase home! Materially affect the property is called: 50: 28 Plan just for you includes items specific running! Seller everything you will face on your results the government utilizes to determine what the taxes. Beginning a real estate examination and apply within 60 days horizontal boards from... To all members of the MLS, pretentious, and more with flashcards,,... The sales associate best prepare for an offer is: 32 used to disclose facts about a property and... A distraction blocker for your computer subject matter experts professional home inspection within days. Course material along with our entire library of lessons taught by subject matter experts on a property owner has a! 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Your existing Knowledge of the MLS on what you still need to learn to pass the RealEstateU exam. ): 54 pay the promised commission to Chris 's broker that they say is,! The sellers and buyers reach an agreement about the sale of the Internet real. Have between 2-4 hours … real estate exam questions with detailed answer explanations a salesperson. Begin work at various times of the following is not something that salespeople perform in order to be,... If you fail to make your monthly payment, a goal must be: 21 Fair housing act exam... Which legal process she is interested in buying the home a burden placed on your results face your. Most states administer the tests include questions on general real estate becomes more complex, so do the:.. Of a burden placed on your results using radio and television as advertising methods can be and complete information a.