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REAL ESTATE U FINAL EXAM 2024 – 2025 ACTUAL EXAM COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) / ALREADY GRADED A+$18.99
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REAL ESTATE U FINAL EXAM 2024
– 2025 ACTUAL EXAM COMPLETE
400 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100%
CORRECT ANSWERS) / ALREADY
GRADED A+
Ely is a real estate broker who has entered into an
agency relationship with Justin, a property owner
looking to sell his house. Ely brings James, a
prospective buyer, to Justin with an offer to
purchase Justin's house. Which of the following
statements is correct...? - ....ANSWER...Ely is the
Agent, Justin is the Principal, and James is the
Customer
When a buyer's broker agrees to the cooperative
arrangement of the MLS, he/she becomes what to
,2|Page
the seller, who's property is listed on the MLS...? -
....ANSWER...Sub-agent
Andrew, a real estate broker representing the buyer
in a transaction, has entered into a dual agency
arrangement after agreeing to the MLS cooperative
arrangement. What does Andrew owe the seller in
the transaction...? - ....ANSWER...Fiduciary
responsibilities
If an agent signs an Exclusive Right to Sell
agreement with a client and does NOT sell the
property within the term listed in the agreement,
who is given authority to renew the agreement
between seller and agent...? - ....ANSWER...The Seller
What alternative action can be taken if consent to
dual agency is not granted or subsequently
withdrawn...? - ....ANSWER...Assign designated sales
agents
hen a buyer's broker agrees to the cooperative
arrangement of the MLS, he/she becomes a sub-
agent to whom...? - ....ANSWER...seller
,3|Page
hen two brokers agree to the MLS' cooperative
arrangement, what type of agency is created...? -
....ANSWER...expressed
In a single agency transaction, what are the seller's
broker's duties to the buyer...? - ....ANSWER...To be
fair and honest
chris, a real estate broker representing a buyer,
insists that his client use his home inspector during
the due diligence phase, otherwise, he will only
show the client a limited number of properties. What
has Chris introduced to his client...? -
....ANSWER...tie-in-agreemetn
Marcus, a real estate broker representing a buyer, is
insisting that his client use his real estate attorney,
otherwise, he will only show a limited number of
properties to the client. What has Marcus introduced
to his client...? - ....ANSWER...tie-in-agreement
the amount of commission paid to an agent for a
residential rental transaction is typically based on a
percentage of this amount...? - ....ANSWER...total
annual rent
, 4|Page
32. Michael, a real estate broker, is hesitant to enter
into a dual agency arrangement as he may
compromise this fiduciary duty... -
....ANSWER...loyalty
40. Jason, a buyer's broker, found a property for his
client on the MLS. By agreeing to the cooperative
arrangement of the MLS, who in addition to his client
does Jason have an agency relationship with.. -
....ANSWER...the seller
Which of the following is NOT considered an anti-
trust violation...? - ....ANSWER...divided loyalty
As an agent, how many brokers are you typically
allowed to work for at any given time...? -
....ANSWER...one
Which of the following is NOT an example of a
fixture...? - ....ANSWER...Dishwasher
When a property is partitioned between owners,
their interests in the property are calculated by...? -
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