1
REAL ESTATE FINAL EXAM PRACTICE
QUESTIONS AND ANSWERS SPECIFIC TO
ACTUAL 2025-26 EXAM
1. Question Asked: With what type of commission plan does a broker not charge a
fee, but a commission based on a percentage of the selling price?
Choice 1: Straight commission plan.CORRECT CHOICE
Choice 2: 100% commission plan.
Choice 3: Negative commission plan.
Choice 4: None of the above.
ANS: Straight commission plan.
2. Question Asked: To earn the commission guaranteed by a safety clause, the
original listing broker must provide the seller with a list of prospects who were
shown or made offers on the property within ___________________.
Choice 1: 24 hours of the expiration of the original listing
Choice 2: 48 hours of the expiration of the original listing
Choice 3: 3 calendar days of the expiration of the original listingCORRECT CHOICE
Choice 4: 10 calendar days of the expiration of the original listing
ANS: 3 calendar days of the expiration of the original listing
3. Question Asked: To earn a commission, a broker must produce a buyer who is
___________________.
Choice 1: Ready
,2
Choice 2: Willing
Choice 3: Able
Choice 4: All of the aboveCORRECT CHOICE
ANS: All of the above
4. Question Asked: All commissions are negotiable between a seller and listing
broker, and determined _______________________.
Choice 1: When an offer is presented
Choice 2: When the listing agreement is signedCORRECT CHOICE
Choice 3: At the close of escrow
Choice 4: None of the above
ANS: When the listing agreement is signed
5. Question Asked: Which of the following statements is NOT TRUE concerning
listings in California?
Choice 1: Listing agreements must be in writing.
Choice 2: A listing is considered an employment contract between principal and
agent/broker.
Choice 3: Listing agreements are also referred to as purchase contracts.CORRECT
CHOICE
Choice 4: A listing agent is bound by the laws of agency.
ANS: Listing agreements are also referred to as purchase contracts.
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6. Question Asked: To earn a commission, a broker must produce a buyer who is
_________________.
Choice 1: Ready, willing, and ableCORRECT CHOICE
Choice 2: Interested, sincere, and literate
Choice 3: Realistic, reliable, and ready
Choice 4: Flexible, cooperative, and genuine
ANS: Ready, willing, and able
7. Question Asked: Which of the following (seller’s) listing forms does the buyer
also receive a copy of?
Choice 1: Residential listing agreement
Choice 2: Transfer Disclosure StatementCORRECT CHOICE
Choice 3: Estimated seller's proceeds
Choice 4: All of the above
ANS: Transfer Disclosure Statement
8. Question Asked: A Disclosure Regarding Real Estate Agency Relationships
should be signed ___________________.
Choice 1: After taking a listing, but before an offer is presented
Choice 2: Only after an offer to purchase is presented
Choice 3: Before any contract is entered intoCORRECT CHOICE
Choice 4: Only if the seller is desperate to sell
ANS: Before any contract is entered into
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9. Question Asked: To earn a commission, a broker must produce a buyer who is
_________________.
Choice 1: Ready, willing, and ableCORRECT CHOICE
Choice 2: Interested, sincere, and literate
Choice 3: Realistic, reliable, and ready
Choice 4: Flexible, cooperative, and genuine
ANS: Ready, willing, and able
10. Question Asked: In a listing agreement, which instructions are given the most
consideration?
Choice 1: Handwritten instructionsCORRECT CHOICE
Choice 2: Preprinted instructions
Choice 3: Oral instructions
Choice 4: None of the above
ANS: Handwritten instructions
11. Question Asked: Copies of the listing agreement must be given to the signing
parties ________________.
Choice 1: At the time signatures are obtainedCORRECT CHOICE
Choice 2: Within 3 days of signing
Choice 3: Within 30 days of signing
Choice 4: None of the above
REAL ESTATE FINAL EXAM PRACTICE
QUESTIONS AND ANSWERS SPECIFIC TO
ACTUAL 2025-26 EXAM
1. Question Asked: With what type of commission plan does a broker not charge a
fee, but a commission based on a percentage of the selling price?
Choice 1: Straight commission plan.CORRECT CHOICE
Choice 2: 100% commission plan.
Choice 3: Negative commission plan.
Choice 4: None of the above.
ANS: Straight commission plan.
2. Question Asked: To earn the commission guaranteed by a safety clause, the
original listing broker must provide the seller with a list of prospects who were
shown or made offers on the property within ___________________.
Choice 1: 24 hours of the expiration of the original listing
Choice 2: 48 hours of the expiration of the original listing
Choice 3: 3 calendar days of the expiration of the original listingCORRECT CHOICE
Choice 4: 10 calendar days of the expiration of the original listing
ANS: 3 calendar days of the expiration of the original listing
3. Question Asked: To earn a commission, a broker must produce a buyer who is
___________________.
Choice 1: Ready
,2
Choice 2: Willing
Choice 3: Able
Choice 4: All of the aboveCORRECT CHOICE
ANS: All of the above
4. Question Asked: All commissions are negotiable between a seller and listing
broker, and determined _______________________.
Choice 1: When an offer is presented
Choice 2: When the listing agreement is signedCORRECT CHOICE
Choice 3: At the close of escrow
Choice 4: None of the above
ANS: When the listing agreement is signed
5. Question Asked: Which of the following statements is NOT TRUE concerning
listings in California?
Choice 1: Listing agreements must be in writing.
Choice 2: A listing is considered an employment contract between principal and
agent/broker.
Choice 3: Listing agreements are also referred to as purchase contracts.CORRECT
CHOICE
Choice 4: A listing agent is bound by the laws of agency.
ANS: Listing agreements are also referred to as purchase contracts.
,3
6. Question Asked: To earn a commission, a broker must produce a buyer who is
_________________.
Choice 1: Ready, willing, and ableCORRECT CHOICE
Choice 2: Interested, sincere, and literate
Choice 3: Realistic, reliable, and ready
Choice 4: Flexible, cooperative, and genuine
ANS: Ready, willing, and able
7. Question Asked: Which of the following (seller’s) listing forms does the buyer
also receive a copy of?
Choice 1: Residential listing agreement
Choice 2: Transfer Disclosure StatementCORRECT CHOICE
Choice 3: Estimated seller's proceeds
Choice 4: All of the above
ANS: Transfer Disclosure Statement
8. Question Asked: A Disclosure Regarding Real Estate Agency Relationships
should be signed ___________________.
Choice 1: After taking a listing, but before an offer is presented
Choice 2: Only after an offer to purchase is presented
Choice 3: Before any contract is entered intoCORRECT CHOICE
Choice 4: Only if the seller is desperate to sell
ANS: Before any contract is entered into
, 4
9. Question Asked: To earn a commission, a broker must produce a buyer who is
_________________.
Choice 1: Ready, willing, and ableCORRECT CHOICE
Choice 2: Interested, sincere, and literate
Choice 3: Realistic, reliable, and ready
Choice 4: Flexible, cooperative, and genuine
ANS: Ready, willing, and able
10. Question Asked: In a listing agreement, which instructions are given the most
consideration?
Choice 1: Handwritten instructionsCORRECT CHOICE
Choice 2: Preprinted instructions
Choice 3: Oral instructions
Choice 4: None of the above
ANS: Handwritten instructions
11. Question Asked: Copies of the listing agreement must be given to the signing
parties ________________.
Choice 1: At the time signatures are obtainedCORRECT CHOICE
Choice 2: Within 3 days of signing
Choice 3: Within 30 days of signing
Choice 4: None of the above
