REAC Qualifying Exam Practice Questions - REAC Ghana Real Estate Agent Broker Qualifying Examination Exam - REAC Qualifying Exam Practice Questions - REAC Ghana Real Estate Agent Broker Qualifying Examination Exam

Question 1

Which Act of Parliament established the Real Estate Agency Council (REAC) to regulate real estate agency practice in Ghana?

Land Act, 2020 (Act 1036) Real Estate Agency Act, 2020 (Act 1047) Anti-Money Laundering Act, 2020 (Act 1044) Lands Commission Act, 2008 (Act 767)

Correct Answer:

Real Estate Agency Act, 2020 (Act 1047)

Question 2

Under the Real Estate Agency Act, 2020 (Act 1047), what is the principal regulatory function of the Real Estate Agency Council?

To value all real estate before any sale in Ghana To register, license and regulate real estate agents, brokers and firms To register land titles at the Lands Commission To collect property rates on behalf of district assemblies

Correct Answer:

To register, license and regulate real estate agents, brokers and firms

Question 3

Under Act 1047, which of the following is a recognised route by which a person may obtain a licence to practise as a real estate broker or agent WITHOUT sitting the qualifying examination?

Being a registered valuation and estate surveyor with the Ghana Institution of Surveyors Holding a national identity card and tax identification number Owning at least one property in Ghana Being a registered member of any trade association

Correct Answer:

Being a registered valuation and estate surveyor with the Ghana Institution of Surveyors

Question 4

A candidate who is neither a lawyer nor a registered surveyor wishes to be licensed as a real estate agent in Ghana. What must they do under Act 1047?

Simply register with REAC and pay a fee Pass a qualifying examination conducted by the Board or a designated testing service Obtain a degree in law before applying Practise for ten years before any licence is granted

Correct Answer:

Pass a qualifying examination conducted by the Board or a designated testing service

Question 5

The qualifying examination under Act 1047 is designed to test a candidate's fair understanding of all of the following EXCEPT:

Principles of real estate practice and the basic law of agency Professional ethics of real estate agency and the provisions of the Act Rudimentary principles of economics relevant to real estate Advanced structural engineering design of high-rise buildings

Correct Answer:

Advanced structural engineering design of high-rise buildings

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About this Exam

Prepare with the REAC Qualifying Exam Practice Questions - REAC Ghana Real Estate Agent Broker Qualifying Examination Exam practice quiz. This question bank includes 100 questions covering agent, estate, real, land, and ghana. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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REAC Qualifying Exam Practice Questions - REAC Ghana Real Estate Agent Broker Qualifying Examination Exam

This practice set contains 100 questions from the matching question bank and focuses on agent, estate, real, land, and ghana. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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REAC Qualifying Exam Practice Questions - REAC Ghana Real Estate Agent Broker Qualifying Examination Exam

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