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Barney Fletcher Final Exam 100 Questions with 100% Correct Answers Verified Latest Update 2024
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Barney Fletcher Final Exam 100 Questions with 100% Correct Answers Verified Latest Update 2024
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Barney Fletcher Final Exam 100 Questions with100% Correct Answers Verified Latest Update
2024
What type of transaction exists when there is a
written contract for a broker to receive pay
from both or either party and performs only
ministerial acts for one or both parties?
A. double agency
B. transaction brokerage
C. sub agency
D. single agency - ....ANSWER >>>>B.
transaction brokerage
,When is the correct time for the salesperson to
get the proper legal description of the seller's
property?
A. when filling out the offer
B. when filling out the sales contract
C. when filling out the listing
D. any time before closing - ....ANSWER >>>>C.
when filling out the listing
Sue acquires an option to buy a tract of land
from Pete. which of the following is NOT true?
A. Sue is the optionee and Pete is the optionor
B. the property may be purchased at the
discretion of the optionee
C. Pete may not diminish the value of the
property (waste) during the period the option is
in effect
D. Pete may not sell the property to anyone
else during the period the option is in effect -
....ANSWER >>>>D. Pete may not sell the
,property to anyone else during the period the
option is in effect
The contract signed between a buyer and a
broker is called?
A. listing contract
B. buyer's brokerage agreement
C. listing agreement
D. buyer's relationship - ....ANSWER >>>>B.
buyer's brokerage agreement
Typically in Georgia, the agent representing the
seller is called?
A. the selling agent
B. the listing agent
C. the sub agent
D. the listing broker - ....ANSWER >>>>D. the
listing broker
, Which documents must be in writing to be
enforceable according to the statute of frauds?
A. leases over a year old
B. real estate sales contracts
C. deeds
D. all of the above - ....ANSWER >>>>D. all of
the above
Seller Jane negotiates a sales contract with
buyer Bill, but before signing the contract, she
contacts buyer Mike to see if he wants to buy it
before Bill does. Mike probably had:
A. an option
B. a right of first refusal
C. a listing agreement
D. both B and C - ....ANSWER >>>>B. a right of
first refusal
Which of the following actions is the Georgia
Real Estate Commission (GREC) authorized to
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