US Real Estate Valuation Advanced Test 4

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

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Real Estate — Test 4 (Valuation 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 4 (Valuation Advanced) · Education: Professional (Adult) · Part: Real Estate — Test 4 (Valuation 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 steering?

A) showing homes

B) negotiating

C) guiding buyers by race (illegal)

D) advertising

Question 2

What is agency in real estate?

A) tenancy

B) broker acting for a client

C) zoning

D) ownership

Question 3

What is a listing agreement?

A) purchase offer

B) contract to sell a property

C) deed

D) lease

Question 4

What is a CMA?

A) inspection

B) comparative market analysis

C) appraisal

D) survey

Question 5

What is earnest money?

A) buyer good-faith deposit

B) commission

C) tax

D) fee

Question 6

What is a fiduciary duty?

A) dual profit

B) secrecy from client

C) loyalty, obedience, care to client

D) profit first

Question 7

What is dual agency?

A) buyer only

B) one broker representing both sides

C) two brokers

D) no representation

Question 8

What is the Fair Housing Act?

A) bans housing discrimination

B) building code

C) tax law

D) zoning code

Question 9

What classes are protected in housing?

A) politics

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

C) income

D) age only

Question 10

What is redlining?

A) surveying

B) illegal denial by neighborhood

C) mapping

D) appraising

Question 11

What is an appraisal?

A) offer

B) inspection

C) professional value opinion

D) listing

Question 12

What are the three appraisal approaches?

A) offer, accept, record

B) list, sell, close

C) sales comparison, cost, income

D) show, stage, sell

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) land title verification

B) lease term value

C) listing traffic volume

D) loan-to-value ratio

Question 15

What is PMI?

A) title insurance

B) insurance for low down payments

C) property tax

D) flood insurance

Question 16

What is escrow?

A) commission

B) neutral third-party holding

C) down payment

D) tax

Question 17

What is a deed?

A) loan paper

B) lease

C) ownership transfer document

D) offer

Question 18

What is a warranty deed?

A) lease

B) guarantees clear title

C) quitclaim

D) option

Question 19

What is a quitclaim deed?

A) loan

B) full warranty

C) lease

D) transfers whatever interest exists

Question 20

What is title insurance?

A) life insurance

B) protects against title defects

C) flood policy

D) home warranty

US Real Estate Valuation Advanced Test 4

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