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45 Hour Post Licensing Exam |100 Questions| With All Correct Answers.
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45 Hour Post Licensing Exam |100 Questions| With All Correct Answers.
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Name: Score:100 Multiple choice questions
Term 1 of 100
Which professional providing services to the real estate industry must have a high school
diploma, complete a 120-hour course, and pass a state examination?
Real estate counselor
Home inspector
Real estate appraiser
Property manager
Term 2 of 100
What is NOT the purpose for making a preclosing walk-through inspection?
To verify the property boundaries
To check that all items are in working order
To confirm the financing terms
To negotiate repairs or credits
Definition 3 of 100
two successive quarterly increases in the gross domestic product.
It is a bad idea for sales associates to
At closing, a seller will be asked to sign an affidavit that
An economic contraction is
An economic recovery is defined as
,Term 4 of 100
What are the benefits of restrictive covenants?
Maintain and enhance value
Organization, numbers, and consistency
Determine the number of housing units per acre
Ensure that the properties follow the principle of contribution
Term 5 of 100
What facts need not be disclosed in a real estate transaction?
The property was the site of a homicide.
The property has a swimming pool.
The property is located in a historic district.
The property has a mountain view.
Term 6 of 100
What is the likely cause of a contract for sale of real estate being ruled as unenforceable?
Employment contract
Verbal agreement
Signature of both parties
Unwritten agreement
,Term 7 of 100
When should the price be covered when presenting an offer?
Ask
Last
Third
First
Term 8 of 100
A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee is $18,630.
Prorations for taxes and interest are $5,036. The mortgage payoff is $181,500. What are the seller's
proceeds from the sale?
$100,534
$110,606
$112,750
$96,532
Term 9 of 100
A person who has an immediate need to buy is called
a Priority 6 buyer.
a prequalified buyer.
a Priority 1 buyer.
the process of closing a sale.
, Term 10 of 100
How often do mortgage loan originators need to have a criminal background check?
Home inspector
Every year
Every two years
Every month
Term 11 of 100
Which is NOT a requirement for a listing?
A definite expiration date
A farm area
Having a self-renewing clause
Highest and best use
Definition 12 of 100
looking at a real estate classified ad.
A person may not send a commercial advertising fax unless he has
What is not the purpose for making a preclosing walk-through inspection?
A person who has an immediate need to buy is called
A person who calls for the address of a property is likely
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