1) A listing saleseperson tells a buyer that “this is the nicest house in the neighborhood.” This would be an example of:

A) Actual Fraud

B) Concealment

C) Bull-shitting your buyer hoping they will write an offer that will eventually lead to you making money

D) Puffing

2) Susan owns a house which she leases to Sally. Sally had unprotected sex with Susan’s husband in that same house. Which of these two parties has an estate in the property?

A) Susan

B) Sally

C) Susan and Sally

D) Susan should now get tested

3) The most common area of real estate practice is:

A) Sale of residential properties

B) Sale of commercial property

C) Real estate Development

D) Literally not doing shit

4) When compared to a practice of selling residential properties, one who sells commercial properties would expect:

A) To have less sex

B) Fewer transactions, larger commission checks, and less women

C) More transactions, but smaller commission checks and less women

D) More transactions, but larger commission checks and no women

5) John sold his house to David. In the deed, John inserted a restriction stating that if the property were to ever sell alcoholic beverages, he would blow David’s head off with a shotgun. David’s ownership is best described as:

A) Fee simple absolute

B) Life estate

C) Fee simple defeasible

D) Stick to flippin’ drugs David

6) A standard township would include how many sections:

A) 36

B) 18

C) 10

D) You will never hear this word ever again except on this test

7) Broker Bob has a listing on Seller Steve’s house. In Steve’s presence, Bob tells a buyer that Steve is out of his fucking mind and needs to sell his house before the government takes the house. What authority has Broker Bob to make that statement?

A) Actual Authority

B) Ostensible Authority

C) Estoppel authority

D) No authority

8) When a property is sold “as-is,” and a licensee who has a listing on the property knows that the roof is going to collapse at any moment and destroy everything in inside, the licensee:

A) Can leave it up to the seller to disclose the roof problem

B) Is under no obligation to disclose the roof

C) Must disclose the roof problem to the buyer

D) Should close his mouth and sell the house and get his commission and peace

9) Which of the following issues would not be considered whether a person can legally sign a contract?

A) The age of the person

B) Whether the person had been declared clinically insane by court

C) Whether the person has over 100 followers on Instagram

D) Whether the person has used the expression: “story of my life” before

10) The “front-end ratio” would consider:

A) Would consider how proportional a woman’s cleavage is to her waist

B) Car payments related to a car loan w/ four years remaining for maturity