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. Closing statement






2. Devisee






3. Assignor






4. Land use controls






5. Deed in lieu of foreclosure






6. Site condominium






7. Michigan Uniform Securities Act






8. Bill of sale






9. Transaction coordinator






10. Acknowledgment






11. Trustee






12. Principal meridians






13. underwriting


14. Grantee






15. Realty






16. Fixture






17. Foreclosure






18. Waste






19. Testimonium clause


20. Good consideration






21. Civil Rights Act of 1866






22. Conditional sales contract






23. Open-end mortgage






24. Nonjudicial foreclosure






25. Commission






26. Tenants by the entirety






27. Covenant of warranty






28. Consideration






29. National Association of Realtors






30. Police power






31. Fair Housing Act of 1968






32. Emblements






33. Nonfreehold estate






34. Defeasible






35. Arrears






36. Michigan's Seller Disclosure Act






37. Graduated payment mortgage (GPM)






38. Unenforceable contract






39. Innocent misrepresentation


40. Buyer Agency Agreement


41. Competence






42. Valuable consideration






43. Disability






44. Bundle of rights






45. Feudal system






46. Community property






47. Leasehold estate






48. Concurrent ownership






49. Varticipation mortgage






50. Constructive condition