Property Disclosures — Real Estate Salesperson — National Exam Practice Test

This Real Estate Salesperson — National Exam Property Disclosures practice set has 48 practice questions based on the official exam materials, each with an instant explanation. You need 75% on the real Real Estate Salesperson — National Exam knowledge test to pass.

Sample questions

Three questions from the Property Disclosures bank with the correct answer and an explanation. The practice quiz above draws 30 questions at random from the same bank.

1. In most states, the seller of residential real property is required to give the buyer a:

   • Property-condition disclosure statement — Correct answer
   • Warranty deed guaranteeing the condition of the home
   • Certificate releasing the seller from all liability
   • Professional home-inspection report paid for by the seller

   Explanation: Most states require the seller to complete a property-condition (or transfer) disclosure statement that reports the known condition of the property and its systems. It is the seller's own disclosure of known facts, not a warranty or a substitute for the buyer's inspection. English term — Seller's property-condition disclosure statement（卖方房产状况披露声明）: a seller's written disclosure of the known condition of the property.

   Handbook: Property Disclosures — Seller's property-condition disclosure statement duty

2. A defect that a seller is required to disclose under most seller-disclosure laws is one that is:

   • Material — it significantly affects value or safety — Correct answer
   • Purely cosmetic, such as a scuff on the paint
   • Any defect, no matter how trivial
   • Only a defect the buyer specifically asks about

   Explanation: A material defect is a problem that has a significant adverse effect on the property's value or that presents an unreasonable risk to people on the property. Minor wear or cosmetic issues are generally not material; the test is significance, not the cost to repair alone. English term — Material defect（重大瑕疵）: a condition that significantly affects value or poses an unreasonable safety risk.

   Handbook: Property Disclosures — Material defect definition

3. A cracked foundation hidden behind finished basement drywall, which a reasonable buyer's inspection would not reveal, is best described as a:

   • Latent defect — Correct answer
   • Patent defect
   • Immaterial defect
   • Stigmatizing condition

   Explanation: A latent defect is a hidden material defect not discoverable by a reasonable inspection; because the buyer cannot find it, the seller (and agent) must disclose a known latent defect. A patent defect, by contrast, is visible or obvious on ordinary inspection. English term — Latent defect（隐蔽瑕疵）: a hidden material defect not discoverable by ordinary inspection.

   Handbook: Property Disclosures — Latent vs patent defects