Rhode Island Salesperson Exam Prep Edge Free Assessment for RI Real Estate Exam Prep

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In order to become a Rhode Island real estate agent, you'll need to pass the real estate exam! Below are free Rhode Island real estate practice exam questions that will closely resemble your licensing exam. Review these questions and see what you know! The answers are provided beneath the question set.

1. A seller tells his agent that he has to sell his house quickly because of a divorce proceeding, and that he's willing to accept less than his list price. His agent tells a buyer that the seller will accept as much as $10,000 less than the list price. Which of these is true?

  1. The agent has breached his duty of confidentiality to his client.
  2. The agent hasn't violated any fiduciary responsibilities to his client.
  3. The buyer is prohibited from making an offer because of the agent's breach of confidentiality.
  4. Unless the agent has the seller's permission to share this information, the agent should have disclosed only that the seller is willing to reduce his price, not the amount.

2. What must sellers provide prospective buyers of homes built prior to 1978, in addition to the federally required disclosure form?

  1. EPA lead safety pamphlet
  2. List of reputable home improvement contractors
  3. Verbal assurance that the home is lead-free before offering it for sale
  4. Written proof that the home is lead-free

3. A landlord has an available unit but refuses to show it to several applicants. These applicants are all single women with children. The applicants who are shown the apartment are all individuals or couples without children. In what way is the landlord violating fair housing law?

  1. He is advertising the unit in a restrictive way that discriminates against those with children.
  2. He is discriminating against people based on familial status by refusing to show available housing.
  3. He is discriminating by offering special terms for rental based on a protected class status.
  4. He is sexually harassing potential tenants.

4. What happens to an initial offer from the buyer after a seller counters?

  1. It becomes the back-up offer.
  2. It's accepted by the seller until the buyer accepts the counter.
  3. It's no longer in play.
  4. Sellers cannot counter a buyer’s initial offer.

5. Glenn is purchasing a home for $400,000. The property appraised at $415,000 and Glenn is financing $300,000. What's the loan-to-value ratio?

  1. 72%
  2. 75%
  3. 82%
  4. 96%

6. Jeanetta leases an apartment from Quad City Leasing. Jeanetta has filed a complaint with the state real estate licensing division stating that Marissa, Quad City's property manager, breached her fiduciary duty of loyalty to Jeanetta. Which of these statements about this situation is true?

  1. "As a property manager, Marissa doesn't owe fiduciary duties to clients or residents.
  2. As a property manager, Marissa owes fiduciary duties to her client and the apartment community.
  3. If Marissa did breach a fiduciary duty to Jeanetta, Jeanetta has a legitimate complaint.
  4. Marissa owes fiduciary duties only to the landlord.

7. Chrissy lives in Lake Ridge Estates, a neighborhood in which vinyl siding may not be used on homes. This HOA regulation is what kind of private land control?

  1. CC&R
  2. Deed restriction
  3. Law
  4. Regulation

8. Ashton, an appraiser, is estimating value using the sales comparison approach. He applies more weight to two comparables over several others he used. What process is he utilizing?

  1. Averaging
  2. Bracketing
  3. Conformity
  4. Reconciliation
Answers: 1. A, 2. A, 3. B, 4. C, 5. B, 6. B, 7. A, 8. D

 

For a more comprehensive view into the types of questions you can expect on the exam, sign up for our free assessment. You’ll have the chance to review a 99-question real estate practice exam at no cost to you. Note that answers are only provided upon purchasing Exam Prep.

If you’re ready to feel confident about your upcoming licensing exam, you can purchase our Rhode-Island real estate Exam Prep package. By purchasing one of our packages, you not only get to see the results from your free assessment, but you’ll also have access to an innovative Exam Prep Edge program that will put you in the best position to pass your test the first time around.

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