Real Estate Quiz

Real Estate Quiz

12th Grade

94 Qs

quiz-placeholder

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Real Estate Quiz

Real Estate Quiz

Assessment

Quiz

Other

12th Grade

Practice Problem

Hard

Created by

DERRICK YARBROUGH

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94 questions

Show all answers

1.

DROPDOWN QUESTION

30 sec • 1 pt

An exclusive buyer broker agreement does not include a legal description is (a)   until a legal description is provided.

VOIDABLE
VALID

2.

DROPDOWN QUESTION

30 sec • 1 pt

The primary purpose of Title Insurance is to (a)   .

protects real estate owners and len
ensures the property is free of any

3.

DROPDOWN QUESTION

30 sec • 1 pt

The correct statement concerning the contract is (a)  

The contract is void because Bill w
The contract is valid because Ted w
The contract was not entered into a
The contract is invalidated because

4.

DROPDOWN QUESTION

30 sec • 1 pt

A broker practicing exclusive seller agency is prepared to offer representation to (a)   only.

sellers
buyers
both sellers and buyers
neither sellers nor buyers

5.

DROPDOWN QUESTION

30 sec • 1 pt

In an exclusive seller agency, brokers can offer representation services to buyers (a)   .

Always
Never, as they only represent selle
Only if the buyer agrees to pay a f
Only if the seller consents

6.

DROPDOWN QUESTION

30 sec • 1 pt

Rick is required to disclose the fee and get Kenny's consent to accept the referral fee: (a)  

Yes, Rick must disclose the fee and
No, Rick does not need to disclose

7.

DROPDOWN QUESTION

30 sec • 1 pt

The contract signed by Buyer Jim and Seller Tom, with the closing date changed to 40 days, is (a)   .

Valid
Invalid since the signed documents

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