US Real Estate Ethics 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 (Ethics 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 (Ethics Advanced) · Education: Professional (Adult) · Part: Real Estate — Test 6 (Ethics 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) flood insurance

B) title insurance

C) property tax

D) insurance for low down payments

Question 2

What is agency in real estate?

A) zoning

B) ownership

C) broker acting for a client

D) tenancy

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) tax

B) buyer good-faith deposit

C) commission

D) fee

Question 5

What is a fiduciary duty?

A) loyalty, obedience, care to client

B) profit first

C) dual profit

D) secrecy from client

Question 6

What is escrow?

A) tax

B) commission

C) neutral third-party holding

D) down payment

Question 7

What is dual agency?

A) buyer only

B) two brokers

C) no representation

D) one broker representing both sides

Question 8

What is the Fair Housing Act?

A) zoning code

B) bans housing discrimination

C) building code

D) tax law

Question 9

What classes are protected in housing?

A) income

B) politics

C) age only

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

Question 10

What is redlining?

A) illegal denial by neighborhood

B) appraising

C) mapping

D) surveying

Question 11

What is steering?

A) negotiating

B) advertising

C) guiding buyers by race (illegal)

D) showing homes

Question 12

What is a CMA?

A) inspection

B) survey

C) appraisal

D) comparative market analysis

Question 13

What is a deed?

A) offer

B) loan paper

C) lease

D) ownership transfer document

Question 14

What is an appraisal?

A) professional value opinion

B) offer

C) inspection

D) listing

Question 15

What are the three appraisal approaches?

A) show, stage, sell

B) list, sell, close

C) offer, accept, record

D) sales comparison, cost, income

Question 16

What is PITI?

A) a tax

B) a deed

C) a loan type

D) principal, interest, taxes, insurance

Question 17

What is LTV?

A) loan-to-value ratio

B) listing traffic volume

C) land title verification

D) lease term value

Question 18

What is a warranty deed?

A) guarantees clear title

B) option

C) quitclaim

D) lease

Question 19

What is a quitclaim deed?

A) transfers whatever interest exists

B) loan

C) lease

D) full warranty

Question 20

What is title insurance?

A) flood policy

B) home warranty

C) protects against title defects

D) life insurance

US Real Estate Ethics Advanced Test 6

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