#1
Which of the following is NOT a common real estate marketing strategy?
Social media advertising
Email newsletters
Cold calling potential clients
Selling properties without legal documentation
#2
Which of the following is NOT typically included in a real estate marketing plan?
Target market analysis
Competitor analysis
Social media engagement
Income tax returns
#3
Which of the following is an example of an Earnest Money Deposit (EMD) in a real estate transaction?
A fee paid to the real estate agent
A payment made to the seller as part of the purchase price
A refundable deposit to demonstrate buyer's seriousness
An upfront payment for property taxes
#4
Which of the following is a common method of real estate financing?
Social media advertising
Cold calling potential clients
Mortgage
Lease agreement
#5
In real estate, what does the term 'CMA' stand for?
Comparative Market Analysis
Census and Market Analysis
Centralized Market Appraisal
Comprehensive Mortgage Assessment
#6
What is the primary purpose of a property deed?
To transfer ownership of real estate
To advertise properties for sale
To market real estate to potential buyers
To provide financing for real estate purchases
#7
In real estate, what does MLS stand for?
Marketing and Listing Service
Multiple Listing Service
Market Lease and Sale
Multiple Lease Syndication
#8
Which legal document outlines the terms and conditions of a real estate transaction?
Lease agreement
Listing agreement
Purchase agreement
Sublease agreement
#9
What is the purpose of a title search in real estate?
To verify ownership of the property
To determine the market value of the property
To create legal documents for the property
To assess the environmental impact of the property
#10
Which federal agency oversees fair housing laws in the United States?
Federal Trade Commission (FTC)
Department of Justice (DOJ)
Department of Housing and Urban Development (HUD)
Environmental Protection Agency (EPA)
#11
What is the primary purpose of a real estate appraisal?
To estimate the market value of a property
To advertise properties for sale
To negotiate lease agreements
To provide financing for real estate purchases
#12
What is the purpose of zoning laws in real estate?
To regulate the types of businesses allowed in an area
To ensure fair housing practices
To determine property tax rates
To establish building code standards
#13
What is the primary purpose of the Truth in Lending Act (TILA) in real estate transactions?
To ensure transparency in lending practices
To regulate property taxes
To set standards for real estate agent conduct
To enforce zoning laws
#14
Which of the following is NOT typically included in a real estate purchase agreement?
Purchase price
Closing date
Seller's favorite color
Property description
#15
What is the purpose of a contingency clause in a real estate contract?
To provide financing for the purchase
To allow for the cancellation of the contract under certain conditions
To determine the closing date
To specify the earnest money deposit
#16
Which legal document outlines the rights and responsibilities of tenants and landlords in a rental property?
Lease agreement
Purchase agreement
Listing agreement
Mortgage agreement
#17
What legal document grants a lender an interest in a property as security for a loan?
Lease agreement
Purchase agreement
Deed of trust
Option agreement