100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
REAL ESTATE U FINAL EXAM 2024 – 2025 ACTUAL EXAM COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) / ALREADY GRADED A+$18.99
Add to cart
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withdrawn...?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...? -
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Charitywairimu. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $18.99. You're not tied to anything after your purchase.