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. Familial status






2. Dred Scott Decision


3. Michigan Condominium Act






4. Escheat






5. Mortgage principal






6. Michigan Uniform Securities Act






7. Declaration






8. Allodial system






9. Joint tenancy






10. Special agent






11. Land use controls






12. Caveat emptor






13. Vrivate mortgage insurance (PMI)






14. Secondary mortgage market






15. Bill of sale






16. Nonfreehold estate






17. National Association of Realtors






18. Right of inheritance






19. Free market






20. Separate property






21. Abstract of title






22. Estate at will






23. Acknowledgment






24. Vendee






25. Soil test






26. Finance






27. Open-end mortgage






28. Revenue stamps






29. Michigan Consumer Protection Act






30. Vendor






31. Intestate






32. Condition concurrent






33. PITI ppayment






34. Jones v. Mayer






35. Mortgage






36. Blockbusting






37. Supply and demand






38. Dower


39. Varticipation mortgage






40. Conventional loan






41. Accidental agency


42. Undue influence






43. Earnest money






44. Emblements






45. Principal






46. Homogeneity






47. Graduated payment mortgage (GPM)






48. Defeasible






49. Life tenant






50. Right of first refusal