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. Rural Housing Service (RHS) Direct Loan Program






2. Cloud on a title






3. Association of Real Estate License Law Officials (ARELLO)






4. Leasehold estate






5. Section






6. Investment






7. Stipulation






8. Bona fide purchaser






9. National Fair Housing Alliance (NFHA)






10. Marketable (merchantable) title






11. Deficiency judgment






12. Fixture






13. Realty






14. Condition precedent






15. Dower

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16. Americans with Disabilities Act (ADA)






17. Quiet title action






18. Verc test






19. Accrued expenses






20. Mortgage broker






21. Accidental or Ostensible Agency






22. Acknowledgment






23. Confidentiality






24. Chain of title






25. Disclosure statement






26. Land use controls






27. Credit






28. Life tenant






29. Principal meridians






30. Listing contract






31. Deed - what makes it valid






32. Devise






33. Junior mortgage






34. Federal Housing Administration (FHA)






35. Parol evidence rule






36. Notary public






37. Receiver






38. Free market






39. Waste






40. Uniform Vendor and Purchaser's Risk Act

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41. Dred Scott Decision

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42. Right of first refusal






43. Unenforceable contract






44. Margin






45. Revenue stamps






46. Specific performance






47. Legality of object






48. Immobility






49. Purchase Money Mortgage






50. Agent's Responsibility to Third Persons

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