Free CO-RE-B Practice Questions

Question 1

A restaurant tenant installs a custom walk-in cooler that is bolted to the slab, hard-plumbed, and hard-wired. The lease states that the tenant may remove all refrigeration equipment before the lease ends if any resulting damage is repaired. The tenant removes the cooler two days before lease expiration and repairs the slab and utility connections. Which conclusion is most accurate?

Accepted Answer

The lease permits removal because the tenant satisfied its repair condition

Answer

The cooler belongs to the landlord because bolting, plumbing, and wiring made it real property

Answer

The tenant needed a bill of sale from the landlord before removing the cooler

Answer

The removal is conversion unless the cooler could be detached without causing damage

Question 2

A city's zoning ordinance permits duplexes on a parcel, and the city issues a building permit for one. A valid recorded declaration affecting the parcel allows no more than one detached single-family dwelling per lot. What is the owner's position after receiving the permit?

Accepted Answer

The duplex remains subject to enforcement of the private restriction

Answer

The permit supersedes the declaration because zoning is a municipal function

Answer

The permit converts the restriction into a legal nonconforming use

Answer

An area variance would authorize the duplex despite the declaration

Question 3

A comparable sold for $515,000. It has a second garage bay that the subject lacks, worth $18,000 in this market. The subject has a renovated primary bathroom that the comparable lacks, worth $12,000. With all other factors equal, what adjusted sale price does the comparable indicate for the subject?

Accepted Answer

$509,000

Answer

$485,000

Answer

$521,000

Answer

$545,000

Question 4

A buyer contracts to purchase a home for $430,000, but it appraises for $405,000. The lender will lend 80% of the lesser of the purchase price or appraised value. The buyer had planned to make a 20% down payment based on the price. Which result correctly reflects the appraisal?

Accepted Answer

$324,000 loan; $106,000 toward the price, which is $20,000 more than planned

Answer

$344,000 loan; $86,000 toward the price, with no change to the plan

Answer

$324,000 loan; $81,000 toward the price because the appraisal sets both amounts

Answer

$344,000 loan; $106,000 toward the price

Question 5

A seller receives a buyer's signed offer calling for a June 15 closing. Instead of accepting it, the seller delivers a signed counterproposal changing closing to June 30. The buyer rejects the counterproposal. Before the original offer's acceptance deadline, the seller signs and delivers the original offer, which did not state that it would survive a counterproposal. What is the result?

Accepted Answer

No contract; the counterproposal rejected the offer, and the later delivery is a new offer

Answer

The original offer controls because the seller signed it before its acceptance deadline

Answer

A contract exists with the June 30 closing because that was the seller's last proposed term

Answer

Both proposals remain open to the buyer until the original acceptance deadline

Question 6

At an open house, an unrepresented buyer asks the seller's agent whether the roof is eight years old. The seller's disclosure and a roofing invoice both document installation eight years earlier. What may the agent properly do without becoming the buyer's representative?

Accepted Answer

Provide the invoice, clarify seller representation, and avoid advising the buyer's offer price

Answer

Refuse to provide property information unless the buyer first retains a broker or attorney

Answer

Recommend the highest price the buyer should offer after reviewing the buyer's finances

Answer

Withhold the invoice because loyalty to the seller prohibits sharing factual records

Question 7

During a showing, a carbon-monoxide alarm sounds and two occupants report headache and nausea. What should the broker do first?

Accepted Answer

Move everyone to fresh air, account for all occupants, and call emergency services

Answer

Open exterior windows, then inspect the furnace room for an obvious source

Answer

Silence the alarm and wait outside while the owner contacts an HVAC contractor

Answer

Move only the symptomatic occupants outside while the others look for the alarm source

Question 8

A landlord uses a consumer report as one factor in requiring a rental applicant to provide a cosigner; insufficient income is another factor. Which Fair Credit Reporting Act duty applies?

Accepted Answer

Send an adverse-action notice naming the agency, saying it did not decide and cannot explain why, with dispute and 60-day free-report rights

Answer

No notice is required because income independently supports the cosigner requirement and the report was only one factor

Answer

Give the applicant the complete report and a written explanation of every screening factor, source, and weight used in reaching the decision

Answer

Give notice only of the income shortfall because requiring a cosigner is not an adverse action under the Act

Question 9

A seller signs and notarizes a deed on Monday. On Tuesday, she deposits it with a neutral escrow agent under irrevocable written instructions to release it only after the buyer's funds clear. The funds clear Wednesday, the agent releases the deed, and the buyer accepts it. The deed is recorded Thursday. Under the ordinary delivery rule, when did legal title pass?

Accepted Answer

Wednesday, after clearance, release, and acceptance

Answer

Monday, after execution and acknowledgment

Answer

Tuesday, upon irrevocable delivery into escrow

Answer

Thursday, when recording supplied public notice

Question 10

An owner lives in one unit of a four-unit building and rents the other three without using a broker. He wants an advertisement to state, 'Quiet adult building - no children.' Which statement accurately applies under the federal Fair Housing Act?

Accepted Answer

The selection exemption may apply, but the discriminatory advertisement remains prohibited

Answer

The advertisement is permitted because the owner lives in the building and uses no broker

Answer

The advertisement is allowed if every current tenant agrees and no child lives there

Answer

The entire property is exempt from federal housing law because it has four units

Free CO-RE-B Practice Questions

Domain 1: Property Ownership 10% of exam

Question 1

Domain 2: Land Use Controls and Regulations 5% of exam

Question 2

Domain 3: Valuation and Market Analysis 8% of exam

Question 3

Domain 4: Financing 10% of exam

Question 4

Domain 5: General Principles of Agency 13% of exam

Question 5

Domain 6: Property Disclosures 7% of exam

Question 6

Domain 7: Contracts 19% of exam

Question 7

Domain 8: Leasing and Property Management 3% of exam

Question 8

Domain 9: Transfer of Title 6% of exam

Question 9

Domain 10: Practice of Real Estate 12% of exam

Question 10

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