FREE Real Estate Sales MCQ Question and Answers

Question 1

The following three real estate expressions are closely related. Which phrase is not a part of the group?

Accepted Answer

Answer

Sale

Answer

Heir

Answer

Will

Answer

Executor

Question 2

Which of the following factors should be considered the least when evaluating a location for commercial use?

Accepted Answer

Amenities

Answer

Zoning regulations

Answer

Convenience of facility to shipping and labor sources

Answer

The community's purchasing power

Question 3

The adage, "The value of the best property in a neighborhood will be adversely influenced by the existence of relatively poor property," refers to the notion of:

Accepted Answer

Regression

Answer

Balance

Answer

Anticipation

Answer

Contribution

Question 4

You and the owner have agreed to lease a store facility for ten years at a total rental cost of $12,000.00 payable at the rate of $100.00 per month. An advance payment of $200 must be made, which covers the first and last months' rent. It would not be acceptable to include a condition addressing which of the following in the terms of this lease, given the duration agreed upon?

Accepted Answer

Escalation clause, tied to the cost of living index

Answer

Condemnation proceedings

Answer

Stock in a mutual water company

Answer

Third party liability

Question 5

A real estate professional would be aware of the following associations between the names "Inwood and Hoskold":

Accepted Answer

Estimating values

Answer

Architectural design

Answer

A group of developers

Answer

Private construction

Question 6

Which of the following is an occupant of land?

Accepted Answer

All of the above

Answer

Stock in a mutual water company

Answer

Anything legally acquired that will be put to good use on the land

Answer

A right of way over another owner's adjoining land

Question 7

A man left a ²⁄₃ and ¹⁄₃ interest in his estate, with the right of survivorship, to his favorite nephew William and his wife Helen. William and Helen would hold the following titles:

Accepted Answer

Tenants in Common

Answer

Tenancy in Partnership

Answer

Joint Tenants

Answer

Community property

Question 8

The following are defined as "the relationship between a thing desired and a possible purchaser":

Accepted Answer

Value

Answer

"Utility" as used in a definition of value

Answer

Need

Answer

The "economic man"

Question 9

The interest held by the sublessor in real property when subleased is frequently referred to as:

Accepted Answer

A sandwich lease

Answer

An assignment

Answer

A double lease

Answer

A freehold lease

Question 10

Which of the following amounts has been invested by a person who earns $225 per month from a money market savings account that yields 7 ¹⁄₂% annually?

Accepted Answer

$36,000

Answer

$27,000

Answer

$12,500

Answer

$48,000