METRO BROKER ACADEMY FINAL
PRACTICE TEST EXAM QUESTIONS
AND ANSWERS GRADED A+ 2025/2026
1) What is your take-home from a if the total commission for the sale was 6%, which equaled
$13,545.00 if you have a 70/30 split with your broker?
a) $6772.50
b) $4740.75
c) $3254.76
d) $6000.00 - ANS b) $4,740.75
Assuming there is a co-broker involved with a 50/50
$13,545. = $6,772.50 (this is the amount split W/your broker)
$6,772.50 X 70% = $4,740.75
2) What is a CAM license for?
a) Listing property
b) Managing apartment building
c) Managing building projects
d) Manager of a subdivision association - ANS d) Manager of a subdivision association
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,3) How many square feet in an acre?
a) 43560
b) 34560
c) 56043
d) 43650 - ANS a) 43560
4) How many square miles in a Township?
a) 6
b) 35
c) 36
d) 34 - ANS c) 36
5) What determines the fee for appraisal?
a) Market price of property
b) The Lender
c) The amount of work and time
d) The sales price of the property - ANS c) The amount of work and time
6) In Georgia, most community associations are required to have what?
a) A licensed CAM agent
b) General insurance
c) Fidelity insurance
d) Hazard insurance
e) An active real estate broker license - ANS c) Fidelity insurance
8) If an affiliate licensee violates rules and regulations or license law, is the broker required to
notify the commission?
a) Yes, only if money was involved
b) No, the broker can provide training
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,c) No, only consumers can file complaints
d) Yes, always - ANS d) Yes, always
7) If the lender requires 8 months of taxes and 5 months of hazardous insurance to establish the
escrow account, how much would the buyer have to pay if the annual tax bill was $1900 and the
annual hazardous insurance is $850?
a) $2354.76
b) $1620.84
c) $1273.67
d) $2750.00 - ANS b) $1620.84
$1,900. = $158.33
$158.33 X 8 = $1,266.67 8 months of taxes
$850. = $70.83
$70.83 X5 = $354.17
$1,266.67 + $354.166 = $1,620.84
9) What is the broker responsible for over a licensed real estate agent?
a) Controlling the amount of work the salesperson does
b) Ensuring affiliates are properly licensed
c) Nothing, each person is responsible for themselves.
d) Provide no instructions to licensees - ANS b) Ensuring affiliates are properly licensed
10) Regulation Z covers all the following except...
a) Real estate loan for single family home
b) Real estate loan for a new business
c) Mortgage loan advertising
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, d) A $24,000 car loan. - ANS b) Real estate loan for a new business
11) Who can give an FHA loan?
a) Any lender
b) Only approved FHA mortgagors
c) Only approved FHA mortgagee
d) The federal government lends the money - ANS c) Only approved FHA mortgagee
12) As a property manager, you're responsible for?
a) Marketing and evicting undesirable tenants
b) Maintaining insurance coverage
c) Maximizing value by maintaining long term investment of the property
d) Collecting rent and coordinating any needed repairs - ANS d) Collecting rent and
coordinating any needed repairs
13) What water rights control streams?
a) Littoral right
b) Riparian rights
c) Fixtures rights
d) Percolating rights - ANS b) Riparian rights
14) An agent received a personal note for earnest money. Is this legal?
a) No, must be cash or certified funds
b) No, the agent should ask the client for certified funds
c) No, the contract is void
d) Yes, if the offer states that the earnest is a personal note - ANS d) Yes, if the offer states
that the earnest is a personal note
15) Based on Fair Housing a landlord may refuse to rent to all the following except...
4 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
PRACTICE TEST EXAM QUESTIONS
AND ANSWERS GRADED A+ 2025/2026
1) What is your take-home from a if the total commission for the sale was 6%, which equaled
$13,545.00 if you have a 70/30 split with your broker?
a) $6772.50
b) $4740.75
c) $3254.76
d) $6000.00 - ANS b) $4,740.75
Assuming there is a co-broker involved with a 50/50
$13,545. = $6,772.50 (this is the amount split W/your broker)
$6,772.50 X 70% = $4,740.75
2) What is a CAM license for?
a) Listing property
b) Managing apartment building
c) Managing building projects
d) Manager of a subdivision association - ANS d) Manager of a subdivision association
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,3) How many square feet in an acre?
a) 43560
b) 34560
c) 56043
d) 43650 - ANS a) 43560
4) How many square miles in a Township?
a) 6
b) 35
c) 36
d) 34 - ANS c) 36
5) What determines the fee for appraisal?
a) Market price of property
b) The Lender
c) The amount of work and time
d) The sales price of the property - ANS c) The amount of work and time
6) In Georgia, most community associations are required to have what?
a) A licensed CAM agent
b) General insurance
c) Fidelity insurance
d) Hazard insurance
e) An active real estate broker license - ANS c) Fidelity insurance
8) If an affiliate licensee violates rules and regulations or license law, is the broker required to
notify the commission?
a) Yes, only if money was involved
b) No, the broker can provide training
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,c) No, only consumers can file complaints
d) Yes, always - ANS d) Yes, always
7) If the lender requires 8 months of taxes and 5 months of hazardous insurance to establish the
escrow account, how much would the buyer have to pay if the annual tax bill was $1900 and the
annual hazardous insurance is $850?
a) $2354.76
b) $1620.84
c) $1273.67
d) $2750.00 - ANS b) $1620.84
$1,900. = $158.33
$158.33 X 8 = $1,266.67 8 months of taxes
$850. = $70.83
$70.83 X5 = $354.17
$1,266.67 + $354.166 = $1,620.84
9) What is the broker responsible for over a licensed real estate agent?
a) Controlling the amount of work the salesperson does
b) Ensuring affiliates are properly licensed
c) Nothing, each person is responsible for themselves.
d) Provide no instructions to licensees - ANS b) Ensuring affiliates are properly licensed
10) Regulation Z covers all the following except...
a) Real estate loan for single family home
b) Real estate loan for a new business
c) Mortgage loan advertising
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, d) A $24,000 car loan. - ANS b) Real estate loan for a new business
11) Who can give an FHA loan?
a) Any lender
b) Only approved FHA mortgagors
c) Only approved FHA mortgagee
d) The federal government lends the money - ANS c) Only approved FHA mortgagee
12) As a property manager, you're responsible for?
a) Marketing and evicting undesirable tenants
b) Maintaining insurance coverage
c) Maximizing value by maintaining long term investment of the property
d) Collecting rent and coordinating any needed repairs - ANS d) Collecting rent and
coordinating any needed repairs
13) What water rights control streams?
a) Littoral right
b) Riparian rights
c) Fixtures rights
d) Percolating rights - ANS b) Riparian rights
14) An agent received a personal note for earnest money. Is this legal?
a) No, must be cash or certified funds
b) No, the agent should ask the client for certified funds
c) No, the contract is void
d) Yes, if the offer states that the earnest is a personal note - ANS d) Yes, if the offer states
that the earnest is a personal note
15) Based on Fair Housing a landlord may refuse to rent to all the following except...
4 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
