US Real Estate Finance Advanced Test 2

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

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Real Estate — Test 2 (Finance 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 2 (Finance Advanced) · Education: Professional (Adult) · Part: Real Estate — Test 2 (Finance 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 earnest money?

A) tax

B) fee

C) commission

D) buyer good-faith deposit

Question 2

What is a fiduciary duty?

A) loyalty, obedience, care to client

B) dual profit

C) secrecy from client

D) profit first

Question 3

What is agency in real estate?

A) tenancy

B) broker acting for a client

C) zoning

D) ownership

Question 4

What is a listing agreement?

A) contract to sell a property

B) lease

C) purchase offer

D) deed

Question 5

What is dual agency?

A) one broker representing both sides

B) buyer only

C) two brokers

D) no representation

Question 6

What is the Fair Housing Act?

A) zoning code

B) bans housing discrimination

C) building code

D) tax law

Question 7

What classes are protected in housing?

A) age only

B) politics

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

D) income

Question 8

What is redlining?

A) mapping

B) surveying

C) appraising

D) illegal denial by neighborhood

Question 9

What is steering?

A) showing homes

B) guiding buyers by race (illegal)

C) advertising

D) negotiating

Question 10

What is a CMA?

A) appraisal

B) inspection

C) comparative market analysis

D) survey

Question 11

What is an appraisal?

A) offer

B) listing

C) professional value opinion

D) inspection

Question 12

What are the three appraisal approaches?

A) show, stage, sell

B) offer, accept, record

C) list, sell, close

D) sales comparison, cost, income

Question 13

What is PITI?

A) a tax

B) a loan type

C) principal, interest, taxes, insurance

D) a deed

Question 14

What is LTV?

A) loan-to-value ratio

B) land title verification

C) listing traffic volume

D) lease term value

Question 15

What is PMI?

A) property tax

B) flood insurance

C) title insurance

D) insurance for low down payments

Question 16

What is escrow?

A) down payment

B) tax

C) commission

D) neutral third-party holding

Question 17

What is a deed?

A) lease

B) offer

C) loan paper

D) ownership transfer document

Question 18

What is a warranty deed?

A) lease

B) guarantees clear title

C) option

D) quitclaim

Question 19

What is a quitclaim deed?

A) full warranty

B) transfers whatever interest exists

C) loan

D) lease

Question 20

What is title insurance?

A) flood policy

B) home warranty

C) life insurance

D) protects against title defects

US Real Estate Finance Advanced Test 2

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