ROCKWELL TEST EXAM PAPER 2026
COMPLETE QUESTIONS AND CORRECT
ANSWERS
◉ A counteroffer:
A. acts as a rejection of the initial offer
B. is used to rescind a previously existing contract
C. is used only to make an offer contingent on a particular event
D. is used when a buyer wants to make an offer where the seller has
already accepted an offer. Answer: A. acts as a rejection of the initial
offer
A counteroffer is a rejection of the previous offer. Either a buyer or a
seller may make a counteroffer, in response to either the initial or
previous counteroffer.
◉ Which of the following practices would not be an illegal
discriminatory action?
A. Always assigning minority buyers to work with minority agents
B. Referring all Spanish-speaking buyers to Spanish speaking colleagues
,C. Referring a buyer to a Spanish-speaking colleague after the buyer
expressed a preference to work with a Spanish-speaking agent
D. Failing to transmit an offer from an Asian buyer to the seller of a
property in an all-white neighborhood. Answer: C. Referring a buyer to a
Spanish-speaking colleague after the buyer expressed a preference to
work with a Spanish-speaking agent
It is unlawful to treat certain types of buyers differently from others
based on discriminatory reasons. However, there is nothing illegal about
honoring a buyer's request to work with an agent of a particular ethnicity
or national origin.
◉ If a contingency is not fulfilled despite a good faith effort to fulfill it,
what may the person who benefits from the contingency do?
A. Terminate the agreement and have the earnest money deposit returned
B. Waive the contingency and continue with the agreement
C. Sue the other party for a breach of contract
D. Either A or B. Answer: D. Either A or B
The party who benefits from a contingency may, if the contingency is
not fulfilled, terminate the agreement or waive the contingency and
complete the purchase anyway
,◉ Under which type of listing will the seller owe a commission to the
listing agent regardless of who is the procuring cause of the sale?
A. Open listing
B. Exclusive agency
C. Exclusive right to sell
D. Net listing. Answer: C. Exclusive right to sell
Under an exclusive right to sell listing, the listing agent will earn a
commission if the property sells during the listing period, even if another
agent or the seller finds the buyer
◉ Under which type of listing will an agent receive a commission only
if he is the procuring cause of the sale?
A. Open listing
B. Exclusive agency
C. Exclusive right to sell
D. Net listing. Answer: A. Open listing
Under an open listing, the seller pays a commission only if the agent is
the person responsible for bringing about the agreement between buyer
and seller. No commission is owed if another agent or seller is
responsible for the sale.
, ◉ All of the following should be taken into account in choosing a
closing date, except:
A. the due date of the next installment of the property taxes
B. how long the seller needs to make any necessary repairs
C. whether the buyer needs to sell her current home
D. the time needed to clear way any liens. Answer: A. the due date of the
next installment of the property taxes
In choosing a closing date, it's important to consider how long it will
take for the seller to make any necessary repairs, for the buyer to sell her
current home, and for any liens to clear. The property tax due date is
irrelevant, since this expense is prorated between the parties at closing
◉ Excise tax is usually paid by the:
A. buyer
B. seller
C. lender
D. borrower. Answer: B. seller
the excise tax is tax imposed on the sale of the property
COMPLETE QUESTIONS AND CORRECT
ANSWERS
◉ A counteroffer:
A. acts as a rejection of the initial offer
B. is used to rescind a previously existing contract
C. is used only to make an offer contingent on a particular event
D. is used when a buyer wants to make an offer where the seller has
already accepted an offer. Answer: A. acts as a rejection of the initial
offer
A counteroffer is a rejection of the previous offer. Either a buyer or a
seller may make a counteroffer, in response to either the initial or
previous counteroffer.
◉ Which of the following practices would not be an illegal
discriminatory action?
A. Always assigning minority buyers to work with minority agents
B. Referring all Spanish-speaking buyers to Spanish speaking colleagues
,C. Referring a buyer to a Spanish-speaking colleague after the buyer
expressed a preference to work with a Spanish-speaking agent
D. Failing to transmit an offer from an Asian buyer to the seller of a
property in an all-white neighborhood. Answer: C. Referring a buyer to a
Spanish-speaking colleague after the buyer expressed a preference to
work with a Spanish-speaking agent
It is unlawful to treat certain types of buyers differently from others
based on discriminatory reasons. However, there is nothing illegal about
honoring a buyer's request to work with an agent of a particular ethnicity
or national origin.
◉ If a contingency is not fulfilled despite a good faith effort to fulfill it,
what may the person who benefits from the contingency do?
A. Terminate the agreement and have the earnest money deposit returned
B. Waive the contingency and continue with the agreement
C. Sue the other party for a breach of contract
D. Either A or B. Answer: D. Either A or B
The party who benefits from a contingency may, if the contingency is
not fulfilled, terminate the agreement or waive the contingency and
complete the purchase anyway
,◉ Under which type of listing will the seller owe a commission to the
listing agent regardless of who is the procuring cause of the sale?
A. Open listing
B. Exclusive agency
C. Exclusive right to sell
D. Net listing. Answer: C. Exclusive right to sell
Under an exclusive right to sell listing, the listing agent will earn a
commission if the property sells during the listing period, even if another
agent or the seller finds the buyer
◉ Under which type of listing will an agent receive a commission only
if he is the procuring cause of the sale?
A. Open listing
B. Exclusive agency
C. Exclusive right to sell
D. Net listing. Answer: A. Open listing
Under an open listing, the seller pays a commission only if the agent is
the person responsible for bringing about the agreement between buyer
and seller. No commission is owed if another agent or seller is
responsible for the sale.
, ◉ All of the following should be taken into account in choosing a
closing date, except:
A. the due date of the next installment of the property taxes
B. how long the seller needs to make any necessary repairs
C. whether the buyer needs to sell her current home
D. the time needed to clear way any liens. Answer: A. the due date of the
next installment of the property taxes
In choosing a closing date, it's important to consider how long it will
take for the seller to make any necessary repairs, for the buyer to sell her
current home, and for any liens to clear. The property tax due date is
irrelevant, since this expense is prorated between the parties at closing
◉ Excise tax is usually paid by the:
A. buyer
B. seller
C. lender
D. borrower. Answer: B. seller
the excise tax is tax imposed on the sale of the property
