US Real Estate Disclosure Advanced Test 6

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

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Real Estate — Test 6 (Disclosure Advanced) Professional (Real Estate, USA) USA 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.
For adults preparing for Real Estate license in the USA
Section: Real Estate — Test 6 (Disclosure Advanced) · Education: Professional (Adult) · Part: Real Estate — Test 6 (Disclosure Advanced) · Country: USA

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 PMI?

A) title insurance

B) insurance for low down payments

C) property tax

D) flood insurance

Question 2

What is agency in real estate?

A) ownership

B) tenancy

C) broker acting for a client

D) zoning

Question 3

What is a listing agreement?

A) contract to sell a property

B) deed

C) purchase offer

D) lease

Question 4

What is earnest money?

A) fee

B) tax

C) buyer good-faith deposit

D) commission

Question 5

What is a fiduciary duty?

A) secrecy from client

B) loyalty, obedience, care to client

C) profit first

D) dual profit

Question 6

What is escrow?

A) neutral third-party holding

B) tax

C) commission

D) down payment

Question 7

What is dual agency?

A) one broker representing both sides

B) no representation

C) buyer only

D) two brokers

Question 8

What is the Fair Housing Act?

A) zoning code

B) building code

C) bans housing discrimination

D) tax law

Question 9

What classes are protected in housing?

A) age only

B) income

C) politics

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

Question 10

What is redlining?

A) surveying

B) mapping

C) illegal denial by neighborhood

D) appraising

Question 11

What is steering?

A) advertising

B) guiding buyers by race (illegal)

C) negotiating

D) showing homes

Question 12

What is a CMA?

A) appraisal

B) survey

C) inspection

D) comparative market analysis

Question 13

What is a deed?

A) offer

B) loan paper

C) ownership transfer document

D) lease

Question 14

What is an appraisal?

A) professional value opinion

B) listing

C) offer

D) inspection

Question 15

What are the three appraisal approaches?

A) offer, accept, record

B) show, stage, sell

C) list, sell, close

D) sales comparison, cost, income

Question 16

What is PITI?

A) a deed

B) principal, interest, taxes, insurance

C) a tax

D) a loan type

Question 17

What is LTV?

A) lease term value

B) loan-to-value ratio

C) listing traffic volume

D) land title verification

Question 18

What is a warranty deed?

A) guarantees clear title

B) quitclaim

C) lease

D) option

Question 19

What is a quitclaim deed?

A) loan

B) full warranty

C) transfers whatever interest exists

D) lease

Question 20

What is title insurance?

A) home warranty

B) life insurance

C) protects against title defects

D) flood policy

US Real Estate Disclosure Advanced Test 6

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