Free DE-RE-B Practice Questions

Question 1

Before vacating a leased dental suite, a practice removes a sterilization unit it had bolted to the floor for its business and repairs the bolt holes. The lease is silent about the unit. Which property classification applies?

Accepted Answer

It is a trade fixture that the tenant may remove, provided it repairs damage caused by removal

Answer

It became the landlord's real property when bolted to the floor, regardless of the tenant's business use

Answer

It is the landlord's property because adaptation to the premises outweighs every other fixture factor

Answer

It remains removable only after the lease expires, when the tenant's right of possession has ended

Question 2

Three investors-A, B, and C-acquire equal interests as joint tenants. A later conveys A's interest to D. B then dies without making another transfer. Under traditional joint-tenancy rules, how is title held after B's death?

Accepted Answer

D owns one-third as a tenant in common, while C owns two-thirds through survivorship with B

Answer

C and D each own one-half as joint tenants because B's death restores survivorship across the entire title

Answer

D owns the entire property because A's deed severed the survivorship rights of B and C

Answer

B's heirs, C, and D each own one-third as tenants in common because A's deed severed the whole joint tenancy

Question 3

Comparable 1 sold for $410,000. Relative to the subject, it has a remodeled kitchen worth $20,000 more but lacks a garage worth $15,000. With no other differences, which adjusted sale price indicates the subject's value?

Accepted Answer

$405,000

Answer

$375,000

Answer

$415,000

Answer

$445,000

Question 4

For a stabilized apartment property, the annual figures are $240,000 potential gross income, $12,000 vacancy and collection loss, $6,000 parking income, $84,000 operating expenses, and $54,000 debt service. Using direct capitalization at an 8% market rate, the resulting value estimate is:

Accepted Answer

$1,875,000

Answer

$1,200,000

Answer

$1,800,000

Answer

$2,925,000

Question 5

After telling a rental prospect that the property manager may sign six-month leases, an owner privately revokes that authority but gives no notice. The prospect then reasonably relies on the manager's signature on another six-month lease. Which doctrine most directly supports binding the owner?

Accepted Answer

Apparent authority, because the owner's uncorrected representation caused the prospect's reasonable belief

Answer

Ratification, because the manager's earlier leases automatically approve every later lease

Answer

Implied actual authority, because an owner cannot privately revoke a property manager's authority

Answer

Agency coupled with an interest, because the manager expected compensation for securing the lease

Question 6

The buyer's written offer specifies an October 1 settlement. Before the offer expires, the seller signs it, changes settlement to October 15, and returns it. The buyer has not assented to the change. Which statement is accurate?

Accepted Answer

The seller made a counteroffer, so no contract exists unless the buyer accepts the revised term

Answer

A contract exists for October 1 because the seller responded before the offer expired

Answer

A contract exists for October 15 because the seller signed all remaining terms without alteration

Answer

The original offer and the counteroffer remain open together until the original expiration time

Question 7

In a corporate-owned 20-unit apartment building with a no-pet rule, an applicant has a verified disability-related need for an assistance animal. There is no objective evidence that this animal poses a direct threat or would cause substantial damage. Which response complies with federal fair-housing requirements?

Accepted Answer

Make the no-pet exception without a pet fee, while retaining the ordinary right to charge for actual damage

Answer

Approve the animal only after it qualifies as a trained service dog under public-accommodation standards

Answer

Offer the applicant a unit at a pet-friendly property instead of changing the existing rule

Answer

Require the usual pet deposit because the no-pet exception creates added administrative work

Question 8

Competing managing brokers agree over breakfast that none will accept a residential listing below a 6% commission. Each firm may charge more, and the group creates no enforcement mechanism. How should the agreement be characterized?

Accepted Answer

Illegal horizontal price fixing because competing firms must set compensation independently

Answer

Permissible guidance because each brokerage may still negotiate a rate above 6%

Answer

Potentially unlawful only if the firms later adopt penalties or another enforcement mechanism

Answer

Lawful cooperation if every seller receives written notice that commission rates are negotiable

Question 9

Renovation is about to begin in an older building where a contractor plans to sand brittle floor tile and cut deteriorated pipe insulation. Neither material has been assessed for asbestos. What is the appropriate response before work begins?

Accepted Answer

Keep the materials undisturbed and obtain evaluation by a properly trained asbestos professional

Answer

Have the contractor remove a small sample for the broker to inspect before deciding whether to proceed

Answer

Permit sanding if the crew wets the materials and uses ordinary disposable dust masks

Answer

Continue until laboratory results confirm asbestos because suspected material presents no exposure risk

Question 10

After the consumer timely received the initial Closing Disclosure, a $75 recording-fee increase discovered two business days before the scheduled consummation makes that disclosure inaccurate. The APR remains accurate, the loan product is unchanged, and no prepayment penalty is added. What does TRID require?

Accepted Answer

Provide a corrected Closing Disclosure by or at consummation without restarting the three-day wait

Answer

Cancel the disclosure and issue a new Loan Estimate before choosing another settlement date

Answer

Postpone consummation for seven business days because a disclosed settlement charge increased

Answer

Restart the three-business-day waiting period because every numerical correction triggers a new review

Free DE-RE-B Practice Questions

Domain 1: REAL PROPERTY CHARACTERISTICS, LEGAL DESCRIPTIONS, AND PROPERTY USE 12.5% of exam

Question 1

Domain 2: FORMS OF OWNERSHIP, TRANSFER, AND RECORDING OF TITLE 10% of exam

Question 2

Domain 3: PROPERTY VALUE AND APPRAISAL 12.5% of exam

Question 3

Question 4

Domain 4: REAL ESTATE CONTRACTS AND AGENCY 18.75% of exam

Question 5

Question 6

Domain 5: REAL ESTATE PRACTICE 15% of exam

Question 7

Question 8

Domain 6: PROPERTY DISCLOSURES AND ENVIRONMENTAL ISSUES 11.25% of exam

Question 9

Domain 7: FINANCING AND SETTLEMENT 10% of exam

Question 10

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