Chapter 19
Practice Exam One
This exam has 100 questions, and I’ve laid it out to group similar subjects together. I group them for ease of reviewing the material in any one chapter. However, different subjects probably will be randomly distributed throughout the actual exam. And don’t forget that a number of state-specific questions on the actual exam will deal with particular laws and practices unique to your state. Review the items marked with the State-Specific icon throughout this book, and study both the materials that you get in your prelicensing course (such as a textbook) and your state’s license law.
Download a fill-in-the-bubble answer sheet from www.dummies.com/go/relebubblesheets and use it as you take the practice exam. Try doing the entire test in less than two hours. Chapter 20 features the correct answers to this exam, plus explanations and cross-references to chapters for review. (Don’t peek at the answers until you finish the test, though.) If you discover that you need to brush up on your studying and test-taking skills, be sure to head to Chapter 2 before taking the second practice exam in Chapter 21. Good luck!
1. Which type of insurance is used to insure against rent being stolen by an employee of a property management company?
(A) Rent loss insurance
(B) Surety bond
(C) Business interruption insurance
(D) Liability insurance
2. Which of the following is not a typical way that property management fees are set?
(A) Fixed fee
(B) Commission on ...
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