METROBROKERS FINAL EXAM
PRACTICE QUESTIONS AND ANSWERS
GRADED A+ 2025/2026
A Restaurant owner installed booths in a small shop. Later he decided to move to a bigger
location. Can he take the booths and save some money?
a. No, the booths are attached to the building
b. Maybe, depends how he attached the booths
c. Yes, the booths are trade fixtures and can be removed prior to the end of the lease.
d. Yes, the booths are trade fixtures and can be removed any time
e. No, the booths are fixtures since they are attached. - ANS c. Yes, the booths are trade
fixtures and can be removed prior to the end of the lease.
When can a Salesperson sign a sales contract for their client?
a. When the salesperson has a listing agreement
b. When the salesperson is the client's attorney in fact
c. Never, the client must always sign
d. When the salesperson has written permission from their client. - ANS b. When the
salesperson is the client's attorney in fact
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,The owner of a property you want to list has died. He/ She has four kids, and two of them want
to list the property. What should the agent do before listing the property?
a. Have the deceased owner sign the listing agreement
b. List the property for the two kids
c. Require the other children to sign a quitclaim deed
d. Check the records to see who the current legal owner is
e. Only list the property with the signature of all four kids. - ANS d. Check the records to see
who the current legal owner is
Which of the following is true regarding a qualifying broker and a licensee?
a. The licensee must earn a minimum commission set by license law
b. The broker must establish work schedules for all licensee
c. The broker must withhold taxes from the licensee commission
d. The licensee and the broker must enter into a written agreement. - ANS d. The licensee
and the broker must enter into a written agreement.
When should a buyer or seller receive a copy of anything they sign?
a. Within 24 hours
b. Within 48 hours
c. As soon as practically possibly
d. Immediately - ANS d. Immediately
A person having to walk through a bathroom to enter the master bedroom is an example of
what?
a. A big Master bedroom
b. Physical obsolescence
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,c. Building code violation
d. A historical design
e. Functional obsolescence - ANS e. Functional obsolescence
What is the value of a property that has a $1,200 monthly NOI, and 8% rate of return?
a. $15,000
b. $115,200
c. $180,000
d. $18,000 - ANS c. $180,000
An uneducated person signs a sales contract with an "X", and he understands the terms of the
contract. Is the contract binding?
a. No, the uneducated person would need a guardian to sign
b. Yes, anyone over the age of 18 is a legal adult
c. Yes, because he understands the terms of the contract
d. No, the buyer is uneducated and therefor considered legally incompetent - ANS c. Yes,
because he understands the terms of the contract
When a buyer submits an offer that is accepted, what kind of intertest do they now have in the
property.
a. None, the property hasn't closed yet
b. An equitable interest in the property
c. A right of redemption interest
d. None, that buyer is Cray Cray and hasn't given the seller any money yet. - ANS b. An
equitable interest in the property
RESPA applies to which of the following transactions?
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, a. A purchase of a new farm
b. A gift deed contract of a home
c. A first Mortgage on a home
d. Land Sales contract of a home
e. All the above - ANS c. A first Mortgage on a home
Your client purchases a home zoned as residential only, but they want to open a home business.
What must they do?
a. Get a nonconforming use permit
b. Put in a buffer zone
c. Get a conditional use permit
d. Open the business, and don't tell anyone. - ANS c. Get a conditional use permit
A home sold at foreclosure would have which of the following liens paid off first?
a. A mortgage lien
b. A special assessment lien
c. A mechanical lien
d. An income tax lien - ANS b. A special assessment lien
The owner of a rental home you manage does not want the house advertised in the local
newspaper because his ex-husband works there. You know advertising it in the paper will
produce a qualified renter quickly. What should you do?
a. Advertise the property, your landlord agreement states you can use any means
necessary to acquire a tenant.
b. Advertise the property, but do not tell the owner you did so.
4 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
PRACTICE QUESTIONS AND ANSWERS
GRADED A+ 2025/2026
A Restaurant owner installed booths in a small shop. Later he decided to move to a bigger
location. Can he take the booths and save some money?
a. No, the booths are attached to the building
b. Maybe, depends how he attached the booths
c. Yes, the booths are trade fixtures and can be removed prior to the end of the lease.
d. Yes, the booths are trade fixtures and can be removed any time
e. No, the booths are fixtures since they are attached. - ANS c. Yes, the booths are trade
fixtures and can be removed prior to the end of the lease.
When can a Salesperson sign a sales contract for their client?
a. When the salesperson has a listing agreement
b. When the salesperson is the client's attorney in fact
c. Never, the client must always sign
d. When the salesperson has written permission from their client. - ANS b. When the
salesperson is the client's attorney in fact
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,The owner of a property you want to list has died. He/ She has four kids, and two of them want
to list the property. What should the agent do before listing the property?
a. Have the deceased owner sign the listing agreement
b. List the property for the two kids
c. Require the other children to sign a quitclaim deed
d. Check the records to see who the current legal owner is
e. Only list the property with the signature of all four kids. - ANS d. Check the records to see
who the current legal owner is
Which of the following is true regarding a qualifying broker and a licensee?
a. The licensee must earn a minimum commission set by license law
b. The broker must establish work schedules for all licensee
c. The broker must withhold taxes from the licensee commission
d. The licensee and the broker must enter into a written agreement. - ANS d. The licensee
and the broker must enter into a written agreement.
When should a buyer or seller receive a copy of anything they sign?
a. Within 24 hours
b. Within 48 hours
c. As soon as practically possibly
d. Immediately - ANS d. Immediately
A person having to walk through a bathroom to enter the master bedroom is an example of
what?
a. A big Master bedroom
b. Physical obsolescence
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,c. Building code violation
d. A historical design
e. Functional obsolescence - ANS e. Functional obsolescence
What is the value of a property that has a $1,200 monthly NOI, and 8% rate of return?
a. $15,000
b. $115,200
c. $180,000
d. $18,000 - ANS c. $180,000
An uneducated person signs a sales contract with an "X", and he understands the terms of the
contract. Is the contract binding?
a. No, the uneducated person would need a guardian to sign
b. Yes, anyone over the age of 18 is a legal adult
c. Yes, because he understands the terms of the contract
d. No, the buyer is uneducated and therefor considered legally incompetent - ANS c. Yes,
because he understands the terms of the contract
When a buyer submits an offer that is accepted, what kind of intertest do they now have in the
property.
a. None, the property hasn't closed yet
b. An equitable interest in the property
c. A right of redemption interest
d. None, that buyer is Cray Cray and hasn't given the seller any money yet. - ANS b. An
equitable interest in the property
RESPA applies to which of the following transactions?
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, a. A purchase of a new farm
b. A gift deed contract of a home
c. A first Mortgage on a home
d. Land Sales contract of a home
e. All the above - ANS c. A first Mortgage on a home
Your client purchases a home zoned as residential only, but they want to open a home business.
What must they do?
a. Get a nonconforming use permit
b. Put in a buffer zone
c. Get a conditional use permit
d. Open the business, and don't tell anyone. - ANS c. Get a conditional use permit
A home sold at foreclosure would have which of the following liens paid off first?
a. A mortgage lien
b. A special assessment lien
c. A mechanical lien
d. An income tax lien - ANS b. A special assessment lien
The owner of a rental home you manage does not want the house advertised in the local
newspaper because his ex-husband works there. You know advertising it in the paper will
produce a qualified renter quickly. What should you do?
a. Advertise the property, your landlord agreement states you can use any means
necessary to acquire a tenant.
b. Advertise the property, but do not tell the owner you did so.
4 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
