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REAL ESTATE U FINAL EXAM ACTUAL EXAM COMPLETE REAL QUESTIONS AND CORRECT DETAILED ANSWERS (100% CORRECT VERIFIED SOLUTIONS) A NEW UPDATED VERSION |ALREADY GRADED A+ $20.99   Add to cart
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REAL ESTATE U FINAL EXAM ACTUAL EXAM COMPLETE REAL QUESTIONS AND CORRECT DETAILED ANSWERS (100% CORRECT VERIFIED SOLUTIONS) A NEW UPDATED VERSION |ALREADY GRADED A+

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REAL ESTATE U FINAL EXAM ACTUAL EXAM COMPLETE REAL QUESTIONS AND CORRECT DETAILED ANSWERS (100% CORRECT VERIFIED SOLUTIONS) A NEW UPDATED VERSION |ALREADY GRADED A+

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  • November 20, 2024
  • 36
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • real estate u final exam actual exam complete rea

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  • Real Estate U
  • Real Estate U

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REAL ESTATE U FINAL EXAM ACTUAL EXAM
COMPLETE REAL QUESTIONS AND CORRECT
DETAILED ANSWERS 2024-2025(100% CORRECT
VERIFIED SOLUTIONS) A NEW UPDATED VERSION
|ALREADY GRADED A+


What discipline may be taken if a salesperson takes a property listing of a broker,
after leaving that broker... ......answer.....The salesperson may lose his/her license


Which of the following is NOT exempt from having to obtain a real estate
salespersons or broker license to practice real estate...? ......answer.....Architects


A price below which an owner will not sell the property, and at which price a
broker will not receive a commission is referred to as what...? ......answer.....Net
Listing


The right of the Department of State to deactivate a broker's or salesperson's
license for wrongdoing is known as what...? ......answer.....Suspension


Any person who engages in the business of claiming, demanding, charging,
receiving, collecting, or contracting for the collection of, a fee from a customer
for furnishing information concerning the location and availability of real
property, including apartment housing, which may be leased, rented, shared or
sublet as a private dwelling, abode, or place of residence is known as a/an...?
......answer.....Apartment Information Vendor


A licensed individual that charges a fee to serve as the mediator between the
buyer and seller is known as a...? ......answer.....Real Estate Broker

,8. What is a common breach of the fiduciary duty of accountability...?
......answer.....Being negligent with the client's money


the employer of an agent or broker is known as a...? ......answer.....principal


Which of the following is NOT an example of an agency relationship...?
......answer.....Landlord - Tenant


As a special agent in a transaction, a real estate salesperson is permitted to do
which of the following on behalf of the client...? ......answer.....Show the property


There are generally two ways an agent is compensated for a transaction. One is a
percentage of the sales price, while the other is...? ......answer.....flat fee


36. Who does the agent bring to the principal in a transaction...? ......answer.....A
Customer


According to this doctrine, a principal cannot claim that an implied agency
relationship did not exist...? ......answer.....Estoppel


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 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


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


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...? ......answer.....The amount of money that each owner contributed
to the property


. Local zoning ordinances often regulate the development of these types of land
rights...? ......answer.....air


8. This type of ownership is common among real estate investors...?
......answer.....Limited Liability Company


Which of the following is NOT among the Bundle of Rights...?
......answer.....Which of the following is NOT among the Bundle of Rights...?

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