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Exam (elaborations)

Real Estate Principles Practice Questions and Answers (100% Pass)

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  • Course
  • Real Estate Principles
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  • Real Estate Principles

Real Estate Principles Practice Questions and Answers (100% Pass) 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 ex...

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  • August 28, 2024
  • 22
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Real Estate Principles
  • Real Estate Principles
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SophiaBennett
©SOPHIABENNETT@2024-2025 Sunday, August 18, 2024 6:00 PM

Real Estate Principles Practice Questions and Answers (100% Pass)


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 - Answer✔️✔️-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. - Answer✔️✔️-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 -

Answer✔️✔️-A) lower value
Page 1 of 22

,©SOPHIABENNETT@2024-2025 Sunday, August 18, 2024 6:00 PM

An easement by prescription terminates after nonuse for




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


The second property tax installment becomes delinquent on




A) November 1 B) December 10 C) April 10 D) February 1 - Answer✔️✔️-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 - Answer✔️✔️-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 - Answer✔️✔️-

A) The Mortgagor

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


Page 2 of 22

, ©SOPHIABENNETT@2024-2025 Sunday, August 18, 2024 6:00 PM



A) intestate B) with a devise C) with a bequest D) Testate - Answer✔️✔️-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 - Answer✔️✔️-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 -

Answer✔️✔️-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




Page 3 of 22

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