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Exam (elaborations)

Real Estate Principles Questions & 100% Correct Answers

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  • Course
  • Real Estate Principles
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  • Real Estate Principles

The Transfer Disclosure Statement (TDS) is required in which type of transaction? A) Sales involving co-owners B) Sales involving federally regulated lenders C) Sales involving one-to-four-family dwellings, except for specified exempt transactions D) Only in "as-is" sales :~~ C) Sales invol...

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  • September 9, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Real Estate Principles
  • Real Estate Principles
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MASTER01
1 | P a g e | © copyright 2024/2025 | Grade A+




Real Estate Principles Questions &
100% Correct Answers
The Transfer Disclosure Statement (TDS) is required in which type of transaction?




A) Sales involving co-owners B) Sales involving federally regulated lenders C) Sales

involving one-to-four-family dwellings, except for specified exempt transactions D)

Only in "as-is" sales

✓ :~~ C) Sales involving one-to four-family dwellings, except for specified

exempt transactions




To qualify for a real estate broker's license, a person must complete




A) eight college-level courses. B) a two-year AA degree. C) two college-level

courses within 18 months D) a four-year college degree.

✓ :~~ D) a four-year college degree




The appraisal principle of regression provides that a property of higher value tends

to decrease in value when surrounded by properties of




A) lower value B) Higher income C) lower capitalization D) different character




Master01 | September, 2024/2025 | Latest update

, 2 | P a g e | © copyright 2024/2025 | Grade A+


✓ :~~ A) lower value




An easement by prescription terminates after nonuse for




A) 1 year. B) 3 months. C) 5 years. D) 180 days.

✓ :~~ C) 5 years.




The second property tax installment becomes delinquent on




A) November 1 B) December 10 C) April 10 D) February 1

✓ :~~ C) April 10




In a township, the section north of Section 10 is




A) Section 22 B) Section 7 C) Section 12 D) Section 3


✓ :~~ D) Section 3




When property is used to secure payment of a debt or obligation, a lien on the

property is given by the borrower, who is called




A) The mortgagor B) The Trustee C) The Lender D) The mortgagee



Master01 | September, 2024/2025 | Latest update

, 3 | P a g e | © copyright 2024/2025 | Grade A+


✓ :~~ A) The Mortgagor




When a person dies without a will, the person is said to have died




A) intestate B) with a devise C) with a bequest D) Testate

✓ :~~ A) intestate




The Real Estate Commissioner's regulations have




A) never been enforced. B) authority only over the BRE staff. C) the same force

and effect as law. D) no impact on licensees

✓ :~~ C) the same force and effect as law.




Which of the following is NOT an example of actual fraud




A) lying B) Misrepresentations made without fraudulent intent C) suppressing

known facts D) a promise made without any intention of performing it

✓ :~~ B) Misrepresentations made without fraudulent intent




A deed that makes no express or implied warranties that the grantor owns any

interest in a property is




Master01 | September, 2024/2025 | Latest update

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