Test your basic knowledge |

MI Michigan Real Estate Test

Subject : certifications
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Marketable (merchantable) title






2. Civil Rights Act of 1968






3. Right of first refusal






4. Deficiency judgment






5. Fair Housing Amendments Act of 1988






6. Disability






7. Habendum clause






8. Loan-to-value ratio


9. Net listing


10. Grant deed






11. Discount points






12. Prepayment penalty






13. Express agency






14. Discriminatory advertising






15. Estate at sufferance






16. Leasehold estate






17. Fraud






18. Free market






19. Dual agency


20. Land contract






21. Estate for years






22. Novation






23. Hypothecating






24. Personal property






25. Revenue stamps






26. Rural Housing Service (RHS) Direct Loan Program






27. Latent defect






28. Listing contract






29. Acceptance






30. Contract for deed






31. Alienation






32. Life tenant






33. Contract buyer's policy


34. Misrepresentation






35. Master deed






36. Specific performance






37. Cooling-off period






38. General agent






39. Notary public






40. Credit






41. Open-end mortgage






42. Michigan Person's with Disabilities CiveI Rights Act


43. Graduated payment mortgage (GPM)






44. Chattel






45. Flat Fee






46. Elliott-Larsen Civil Rights Act






47. Recordation


48. Assignee






49. Certificate of title opinion


50. Plat