US Real Estate New Hampshire Advanced Test 7

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

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

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 a warranty deed?

A) lease

B) guarantees clear title

C) option

D) quitclaim

Question 2

What is agency in real estate?

A) broker acting for a client

B) tenancy

C) zoning

D) ownership

Question 3

What is a listing agreement?

A) lease

B) purchase offer

C) deed

D) contract to sell a property

Question 4

What is earnest money?

A) fee

B) buyer good-faith deposit

C) tax

D) commission

Question 5

What is a fiduciary duty?

A) dual profit

B) secrecy from client

C) profit first

D) loyalty, obedience, care to client

Question 6

What is dual agency?

A) two brokers

B) buyer only

C) no representation

D) one broker representing both sides

Question 7

What is a quitclaim deed?

A) loan

B) transfers whatever interest exists

C) lease

D) full warranty

Question 8

What is the Fair Housing Act?

A) building code

B) zoning code

C) tax law

D) bans housing discrimination

Question 9

What classes are protected in housing?

A) politics

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

C) age only

D) income

Question 10

What is redlining?

A) appraising

B) mapping

C) illegal denial by neighborhood

D) surveying

Question 11

What is steering?

A) advertising

B) negotiating

C) guiding buyers by race (illegal)

D) showing homes

Question 12

What is a CMA?

A) appraisal

B) comparative market analysis

C) inspection

D) survey

Question 13

What is an appraisal?

A) professional value opinion

B) inspection

C) offer

D) listing

Question 14

What is title insurance?

A) protects against title defects

B) home warranty

C) life insurance

D) flood policy

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 deed

B) principal, interest, taxes, insurance

C) a tax

D) a loan type

Question 17

What is LTV?

A) listing traffic volume

B) lease term value

C) loan-to-value ratio

D) land title verification

Question 18

What is PMI?

A) insurance for low down payments

B) flood insurance

C) title insurance

D) property tax

Question 19

What is escrow?

A) tax

B) commission

C) neutral third-party holding

D) down payment

Question 20

What is a deed?

A) lease

B) loan paper

C) ownership transfer document

D) offer

US Real Estate New Hampshire Advanced Test 7

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