Updated: Sep 02, 2025
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1. Limiting the neighborhoods in which a licensee shows houses because of a buyer's race is:
A) redlining
B) blockbusting
C) puffing
D) steering
2. When MUST a listing broker provide a copy of a fully executed written listing agreement to the owner?
A) Within three days of execution of the listing agreement by registered mail, return-receipt-requested
B) Within five business days of execution of the listing agreement
C) Upon execution of the listing agreement by all parties
D) At the time of presentation of a written offer
3. Prospective buyers for a house want to operate a recycling center in their backyard. Local zoning laws do not allow this. What do they need to do first?
A) Obtain a building permit.
B) Obtain a variance or special exception.
C) File an appeal with the local court.
D) Obtain a modification to the local master plan.
4. A low loan-to-value ratio indicates a:
A) greater use of leverage.
B) greater risk of foreclosure.
C) lower equity in the property.
D) higher equity in the property.
5. Rents on a duplex total $600 monthly and are due the first of each month. If the sale of the duplex closes on the 15th of a month, the rental income will be reflected on the closing statement as a
A) credit of $600 to the seller only.
B) credit to the seller of $300 and a debit to the buyer of $300.
C) credit of $600 to the buyer only.
D) debit to the seller of $300 and a credit to the buyer of $300.
Solutions:
Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |
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