Sure Tests Blog

Helping real estate professionals sharpen their skills through knowledge and training.

  • Home
    Blog Home Your starting point for finding interesting articles.
  • Categories
    Categories Displays a list of categories from this blog.
  • Archives
    Archives View a list of existing articles.
18
Nov
0

Contracts. Practice Real Estate Exam

Posted by on in Contracts
Contracts. Practice Real Estate Exam   177        What is the toxic insulation material that was used in residential housing for insulation from the 1970’s to the 1980’s?               UREA-FORMALDEHYDE INSULATION        ASBESTOS            FIBERGLASS         LEAD BASED INSULATION            Urea-formaldehyde foam insulation (UFFI) started being used in the 1970s and stopped being used In the 1980s because concerns began to develop about the toxic formaldehyde from the breakdown of old foam. Asbestos was a commonly used material for insulation and is no longer commonly used in construction in the United States.       Contracts 178        Which of the following best describes a... Continue reading
20
Oct
1

Practice Real Estate Rentals

Posted by on in Rental
Real Estate Practice Questions - Rentals   289        In a standard relationship between property management and owner, what is the frequency in which the manager should report to the owner?   QUARTERLY        BI-MONTHLY      MONTHLY           ANNUALLY          As far as a standard management agreement goes, a property manager must report with the owner on a quarterly basis. Remember that certain states and cities will have unique requirements concerning management laws.         Rental 290        What document must an owner of a rental property and a property management company sign in order for a management services to legally take effect?      PROPERTY MANAGEMENT... Continue reading
08
May
0

Valuation and Market Analysis Practice Questions

Posted by on in Valuation & Market Analysis
Valuation and Market Analysis Suretestsagent.com questions. Check them out!   54           Bob is the owner of a property and he builds a shed that extends 3.5 feet over the lot line onto a neighbor's property. The shed is example of a(n)              ENCROACHMENT             ENCUMBRANCE LICENSE                EASEMENT          RESTRICTIONAL RIGHT Property encroachment occurs when one land owner builds something that protrudes onto another lot. An easement is the right to use another's land without possessing it.         Valuation and Market Analysis 55           Corn and Soybeans that are planted to be harvested are best described as FRUCTUS INDUSTRIALES    EMBLEMENTS  ... Continue reading
30
Apr
0

Land Use Controls and Regulations Practice Questions

Posted by on in Land Use Controls
Land Use Controls and Regulations Practice Questions   Which of the following is not listed in the "Real Estate Bundle of Rights"?              1) ENCROACHMENT          2) RIGHT OF EXCLUSION                  3) RIGHT TO ENJOY THE LAND       4) THE RIGHT TO SELL OR GIVE THE LAND TO ANTHER INDIVIDUAL The real estate bundle of rights is a set of legal rights afforded to the real estate holder. The bundle of rights does not include  encroachment, as encroachment is one owner's property advancing beyond their property line onto another property without permissions or a license.               What is... Continue reading
15
Apr
0

Mishandled Disclosure ? Practice Real Estate Exam

Posted by on in Mandated Disclosures
Who is responsible for a mishandled disclosure ? Check out this suretestsagent.com question.   If a property is built before January 1st, 1978 a lead based paint disclosure form is required to be signed by whom?              A) BUYER, SELLER, BOTH AGENTS B) SELLER AND BOTH AGENTS C) BUYER AND SELLER D) BOTH AGENTS   All parties involved in the transition must sign a lead based paint disclosure form, including both agents. A power of attorney (POA) is a written agreement to represent and act on another's behalf in private affairs, business, or some other legal matter.... Continue reading
15
Apr
0

Practice of Real Estate Question

Posted by on in Practice of Real Estate
A real estate agent is not able to   A) INFORM CUSTOMERS OF NEIGHBORHOOD AFFLUENCE, RACE, AND SCHOOL DISTRICTS. B) WORK WITH A CLIENT TO DETERMINE IF A PROPERTY IS SUITABLE FOR HIS FAMILY           C) ASK THE BUYER WHAT REASONS THEY HAVE TO SELL THE PROPERTY        D) EXPLAIN THE HUD-1 SETTLEMENT FORM           A real estate agent is not allowed, by law or ethics, to divulge information about a region’s demographics as far as race is concerned, however they can refer a customer to a source that will state these statistics.     ... Continue reading
15
Apr
0

Types of Agents - Real Estate Agent Exam Questions

Posted by on in Property Ownership
Types of Agents - Real Estate Agent Exam Questions   An agent has been given the power of attorney and therefore, controls all matters of real estate on behalf of a client.  Which type of agent would this be?       A) UNIVERSAL AGENT        B) FULL AGENT     C) GENERAL AGENT           D) EXCLUSIVE AGENT      A Universal Agent is authorized to perform all acts or duties his or her principal is empowered to perform. A general agent is authorized to perform a series of transactions over a  continuous period of time, unlike a Specific or Special agent,... Continue reading
15
Apr
0

Real Estate Practice Exams - Rentals and Security Deposits

Posted by on in Rental
Rentals and Security Deposits   A bank account used to hold rental security deposits can A) EARN INTEREST B) NOT EARN INTEREST C) EARN INTEREST TO BE PAID THE PROPERTY MANAGEMENT         D) EARN INTEREST BUT MUST BE PAID TO A REAL ESTATE BROKER              A property manager should (and in most jurisdictions must) place the security deposit in an interest bearing account; the interest must be paid to the tenant who originally provided the security deposit.... Continue reading
15
Apr
0

Real Estate Exam - Transfer of Title

Posted by on in Transfer of Property
Transfer of Title Practice Question   The key function of the deed is to _____________.               A) TRANSFER THE TITLE        B) GIVE NOTICE TO THE PUBLIC          C) GIVE NOTICE TO LIEN HOLDERS                  D) TRANSFER THE LEASE       The key function of the deed is to transfer the title of the property. A deed is a legal instrument that confirms the legal passing of the a property and conveys ownership.... Continue reading
15
Apr
0

Real Estate Practice Exams on Licenses

Posted by on in Valuation & Market Analysis
A brief but informative question from the Real Estate Practice Exams over Licenses.   If Bob grants his neighbor Sue to use his pond for swimming for one day, Bob has issue what to Sue? A) LICENSE B) LIEN   C) EASEMENT D) APPROPRIATIVE RIGHTS           The permission that Bob gave to Sue to use the land/pond for a day is a license, which is revocable by the grantor at any time. An easement is the right to use another's land without possessing it.... Continue reading

Random Page - BTM Spacer



Exam Real Estate