US Real Estate Kansas Test 6

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

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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

Agents in Kansas answer to which agency?

A) FBI

B) State Senate

C) Kansas Real Estate Commission

D) City Council

Question 2

What is agency in real estate?

A) tenancy

B) ownership

C) zoning

D) broker acting for a client

Question 3

What is a listing agreement?

A) deed

B) contract to sell a property

C) lease

D) purchase offer

Question 4

What is earnest money?

A) tax

B) commission

C) fee

D) buyer good-faith deposit

Question 5

What is a fiduciary duty?

A) secrecy from client

B) dual profit

C) loyalty, obedience, care to client

D) profit first

Question 6

What is escrow?

A) down payment

B) neutral third-party holding

C) commission

D) tax

Question 7

What is dual agency?

A) one broker representing both sides

B) buyer only

C) two brokers

D) no representation

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

B) income

C) politics

D) age only

Question 10

What is redlining?

A) mapping

B) appraising

C) surveying

D) illegal denial by neighborhood

Question 11

What is steering?

A) guiding buyers by race (illegal)

B) negotiating

C) showing homes

D) advertising

Question 12

What is a CMA?

A) comparative market analysis

B) appraisal

C) survey

D) inspection

Question 13

What is a deed?

A) offer

B) ownership transfer document

C) loan paper

D) lease

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) list, sell, close

B) show, stage, sell

C) sales comparison, cost, income

D) offer, accept, record

Question 16

What is PITI?

A) a loan type

B) principal, interest, taxes, insurance

C) a tax

D) a deed

Question 17

What is LTV?

A) land title verification

B) lease term value

C) listing traffic volume

D) loan-to-value ratio

Question 18

What is a warranty deed?

A) quitclaim

B) lease

C) guarantees clear title

D) option

Question 19

What is a quitclaim deed?

A) loan

B) transfers whatever interest exists

C) lease

D) full warranty

Question 20

What is title insurance?

A) home warranty

B) flood policy

C) life insurance

D) protects against title defects

US Real Estate Kansas Test 6

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