Sell My House Study Guide 2026
Everything you need to pass the Sell My House exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📚 Sell My House Topics to Study (27)
✍️ Sample Sell My House Questions & Answers
1. What is a structural engineer inspection and when might a buyer or lender require one?
When home inspectors note potential structural issues like foundation cracks or sagging floors, buyers and lenders often require a structural engineer's report to assess severity and repair scope.
2. What is 'earnest money' in a home purchase?
Earnest money is a deposit (typically 1–3% of the purchase price) that shows the buyer is committed to the transaction and is held in escrow until closing or a contract dispute.
3. Why should sellers avoid pricing based solely on what they 'need' from the sale?
Buyers and appraisers determine value based on what comparable homes have sold for, so pricing above market because a seller needs a certain amount will simply result in the home not selling.
4. Which of the following best describes the role of drone photography in home marketing?
Drone photography highlights lot size, landscaping, proximity to amenities, and neighborhood context in ways that ground-level photos cannot capture.
5. What is a settlement statement (HUD-1 or Closing Disclosure) used for?
The Closing Disclosure (replacing HUD-1 for most loans) provides a complete accounting of all money changing hands at settlement, ensuring transparency for all parties.
6. What is a 'kick-out clause' in a real estate contract?
A kick-out clause lets sellers accept a contingent offer while still marketing the home; if a better offer comes in, the original buyer must either remove contingencies or the seller can proceed with the new buyer.