Updated: Jul 02, 2026
No. of Questions: 122 Questions & Answers with Testing Engine
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1. The primary intent of the statute of frauds is to:
A) enforce oral agreements beyond 1 year.
B) reduce real estate contracts to writing.
C) protect the rights of buyers who are disabled.
D) protect licensees from fraudulent activity.
2. A low loan-to-value ratio indicates a:
A) greater risk of foreclosure.
B) greater use of leverage.
C) higher equity in the property.
D) lower equity in the property.
3. A client is considering listing an industrially zoned 10-acre site. It has been vacant for several years, and was formerly used as an automobile junkyard. What would a responsible real estate licensee recommend the seller consider obtaining prior to putting the property on the market?
A) an electromagnetic field determination
B) a radon measurement analysis
C) an air quality report from the Environmental Protection Agency
D) an environmental site assessment
4. An appraisal made by a certified appraiser is required:
A) when the buyer is using an FHA loan to purchase.
B) before real property can transfer from one owner to another.
C) when heirs receive property.
D) before any property settlement in a divorce.
5. Evergreen bushes and apple trees on a property that were planted by the current owner are examples of:
A) real estate
B) trade fixtures
C) personal property
D) chattels
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: A |
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