BBK99E1 Practical Final Exam 2026 | All Questions
and Correct Answers | Graded A+ | Verified
Answers | Just Released
Calvin is buying his first home. He has been saving and saving for years. The home
he is buying has a price of $300,000 and Calvin has a down payment of $75,000.
Calvin's loan is considered:
Highly Secured
Low Risk
Simple Interest
Highly Leveraged ---------CORRECT ANSWER-----------------B
Adeeb has listed his condo with Maria's broker and she is his listing agent. The
listing agreement is signed and the day to begin showing his property is nearing.
Adeeb decides the day before the open house to raise his asking price by $20,000.
Maria disagrees with the decision but goes along with Adeeb's wishes. How must
Maria take care of this contractual change in price?
Maria must change the listing price on a price change or extension form.
Maria may make the change on the original contract due to the fact the condo
has not been professionally shown by licensees.
,The listing price change does not need to be changed on the contract. The price
that will be paid for the condo does not have to be the listing price; therefore, it is
just a guide, not set in stone.
None of the Above. ---------CORRECT ANSWER-----------------A
Although 16-year-old Tameka's goal is to be a licensed real estate salesperson in
the State of California, she is currently living in Canada. Her long-term goal is to
be a successful salesperson, manager, and to own a brokerage. She has been
studying the Real Estate Principles Course for next week's exam. However, if she
passes, she cannot apply for her 4 year salesperson's license. Why?
Tameka cannot apply for a 4-year salesperson because she has not completed
three
college-level real estate courses.
Tameka is only sixteen and a licensee must be eighteen years old.
Tameka cannot provide proof of legal presence in the United States.
Both A and B ---------CORRECT ANSWER-----------------D
Anthony is adding a new deck to his home. He has obtained all the necessary
building permits to construct his new deck. Anthony's neighbor, Steve, informed
, him he has to have a California State Contractor's License to even work on his
own property. Anthony says that Steve is wrong. Who is right in this situation?
Anthony is correct, anyone who does the business of a contractor must be
licensed.
Steve is correct, any major work conducted on real property must be done by a
licensed state contractor.
Anthony is correct. Anyone who does the business of a contractor must be
licensed.
Unless, the property owner is planning to sell
the finished real estate project, he does not
need a license to work on his own property.
None of the Above. ---------CORRECT ANSWER-----------------C
Janice has given her broker an earnest money deposit check with written
instructions to hold the check until the seller has accepted her offer. Her broker
follows instructions and informs the seller, through a telephone conversation with
the seller's agent after the initial offer was presented, the buyer's check is being
held awaiting offer acceptance. Did Janice's broker handle this situation correctly?
No, the broker must inform the seller in writing the buyer's check is being held
until acceptance of the offer.
and Correct Answers | Graded A+ | Verified
Answers | Just Released
Calvin is buying his first home. He has been saving and saving for years. The home
he is buying has a price of $300,000 and Calvin has a down payment of $75,000.
Calvin's loan is considered:
Highly Secured
Low Risk
Simple Interest
Highly Leveraged ---------CORRECT ANSWER-----------------B
Adeeb has listed his condo with Maria's broker and she is his listing agent. The
listing agreement is signed and the day to begin showing his property is nearing.
Adeeb decides the day before the open house to raise his asking price by $20,000.
Maria disagrees with the decision but goes along with Adeeb's wishes. How must
Maria take care of this contractual change in price?
Maria must change the listing price on a price change or extension form.
Maria may make the change on the original contract due to the fact the condo
has not been professionally shown by licensees.
,The listing price change does not need to be changed on the contract. The price
that will be paid for the condo does not have to be the listing price; therefore, it is
just a guide, not set in stone.
None of the Above. ---------CORRECT ANSWER-----------------A
Although 16-year-old Tameka's goal is to be a licensed real estate salesperson in
the State of California, she is currently living in Canada. Her long-term goal is to
be a successful salesperson, manager, and to own a brokerage. She has been
studying the Real Estate Principles Course for next week's exam. However, if she
passes, she cannot apply for her 4 year salesperson's license. Why?
Tameka cannot apply for a 4-year salesperson because she has not completed
three
college-level real estate courses.
Tameka is only sixteen and a licensee must be eighteen years old.
Tameka cannot provide proof of legal presence in the United States.
Both A and B ---------CORRECT ANSWER-----------------D
Anthony is adding a new deck to his home. He has obtained all the necessary
building permits to construct his new deck. Anthony's neighbor, Steve, informed
, him he has to have a California State Contractor's License to even work on his
own property. Anthony says that Steve is wrong. Who is right in this situation?
Anthony is correct, anyone who does the business of a contractor must be
licensed.
Steve is correct, any major work conducted on real property must be done by a
licensed state contractor.
Anthony is correct. Anyone who does the business of a contractor must be
licensed.
Unless, the property owner is planning to sell
the finished real estate project, he does not
need a license to work on his own property.
None of the Above. ---------CORRECT ANSWER-----------------C
Janice has given her broker an earnest money deposit check with written
instructions to hold the check until the seller has accepted her offer. Her broker
follows instructions and informs the seller, through a telephone conversation with
the seller's agent after the initial offer was presented, the buyer's check is being
held awaiting offer acceptance. Did Janice's broker handle this situation correctly?
No, the broker must inform the seller in writing the buyer's check is being held
until acceptance of the offer.
