US Real Estate Delaware Advanced Test 4

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Real Estate — Delaware Professional (Real Estate, USA) USA — Delaware State Real Estate License — USA

What is this test? for Real Estate Salesperson/Broker prep, USA (national + state law) — Professional (Real Estate, USA) level, USA — Delaware.
For adults preparing for Real Estate license in the USA
Section: Real Estate — Delaware · Education: Professional (Adult) · Part: Real Estate — Delaware · Country: USA · Region: USA — Delaware

Finance and real estate acumen covers markets, valuation, contracts, and budget management.

This test is designed to reinforce core concepts and help you succeed on your exams.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is steering?

A) advertising

B) guiding buyers by race (illegal)

C) showing homes

D) negotiating

Question 2

What is agency in real estate?

A) broker acting for a client

B) ownership

C) zoning

D) tenancy

Question 3

What is a listing agreement?

A) purchase offer

B) contract to sell a property

C) lease

D) deed

Question 4

What is a CMA?

A) survey

B) comparative market analysis

C) inspection

D) appraisal

Question 5

What is earnest money?

A) tax

B) commission

C) buyer good-faith deposit

D) fee

Question 6

What is a fiduciary duty?

A) dual profit

B) secrecy from client

C) loyalty, obedience, care to client

D) profit first

Question 7

What is dual agency?

A) two brokers

B) no representation

C) one broker representing both sides

D) buyer only

Question 8

What is the Fair Housing Act?

A) zoning code

B) building code

C) tax law

D) bans housing discrimination

Question 9

What classes are protected in housing?

A) politics

B) age only

C) income

D) race, color, religion, sex, handicap, family, national origin

Question 10

What is redlining?

A) mapping

B) appraising

C) illegal denial by neighborhood

D) surveying

Question 11

What is an appraisal?

A) offer

B) professional value opinion

C) listing

D) inspection

Question 12

What are the three appraisal approaches?

A) offer, accept, record

B) show, stage, sell

C) sales comparison, cost, income

D) list, sell, close

Question 13

What is PITI?

A) a deed

B) a loan type

C) principal, interest, taxes, insurance

D) a tax

Question 14

What is LTV?

A) lease term value

B) land title verification

C) loan-to-value ratio

D) listing traffic volume

Question 15

What is PMI?

A) property tax

B) flood insurance

C) insurance for low down payments

D) title insurance

Question 16

What is escrow?

A) neutral third-party holding

B) tax

C) down payment

D) commission

Question 17

What is a deed?

A) offer

B) lease

C) loan paper

D) ownership transfer document

Question 18

What is a warranty deed?

A) guarantees clear title

B) lease

C) quitclaim

D) option

Question 19

What is a quitclaim deed?

A) loan

B) full warranty

C) lease

D) transfers whatever interest exists

Question 20

What is title insurance?

A) flood policy

B) life insurance

C) protects against title defects

D) home warranty

US Real Estate Delaware Advanced Test 4

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