US Real Estate Kansas Advanced Test 1

Real Estate » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Real Estate — Kansas Professional (Real Estate, USA) USA — Kansas 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 — Kansas.
For adults preparing for Real Estate license in the USA
Section: Real Estate — Kansas · Education: Professional (Adult) · Part: Real Estate — Kansas · Country: USA · Region: USA — Kansas

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 agency in real estate?

A) broker acting for a client

B) zoning

C) tenancy

D) ownership

Question 2

What is a listing agreement?

A) contract to sell a property

B) lease

C) purchase offer

D) deed

Question 3

What is earnest money?

A) buyer good-faith deposit

B) tax

C) commission

D) fee

Question 4

What is a fiduciary duty?

A) profit first

B) secrecy from client

C) loyalty, obedience, care to client

D) dual profit

Question 5

What is dual agency?

A) no representation

B) one broker representing both sides

C) buyer only

D) two brokers

Question 6

What is the Fair Housing Act?

A) bans housing discrimination

B) tax law

C) zoning code

D) building code

Question 7

What classes are protected in housing?

A) politics

B) income

C) age only

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

Question 8

What is redlining?

A) surveying

B) illegal denial by neighborhood

C) mapping

D) appraising

Question 9

What is steering?

A) guiding buyers by race (illegal)

B) negotiating

C) advertising

D) showing homes

Question 10

What is a CMA?

A) inspection

B) survey

C) comparative market analysis

D) appraisal

Question 11

What is an appraisal?

A) professional value opinion

B) inspection

C) offer

D) listing

Question 12

What are the three appraisal approaches?

A) sales comparison, cost, income

B) show, stage, sell

C) offer, accept, record

D) list, sell, close

Question 13

What is PITI?

A) a tax

B) principal, interest, taxes, insurance

C) a loan type

D) a deed

Question 14

What is LTV?

A) loan-to-value ratio

B) listing traffic volume

C) lease term value

D) land title verification

Question 15

What is PMI?

A) insurance for low down payments

B) flood insurance

C) title insurance

D) property tax

Question 16

What is escrow?

A) down payment

B) neutral third-party holding

C) commission

D) tax

Question 17

What is a deed?

A) loan paper

B) ownership transfer document

C) offer

D) lease

Question 18

What is a warranty deed?

A) option

B) quitclaim

C) lease

D) guarantees clear title

Question 19

What is a quitclaim deed?

A) lease

B) full warranty

C) loan

D) transfers whatever interest exists

Question 20

What is title insurance?

A) life insurance

B) flood policy

C) home warranty

D) protects against title defects

US Real Estate Kansas Advanced Test 1

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