ACEABLE AGENT; REVIEW TEST QUESTIONS 2026-03-06
ACEABLE AGENT: REVIEW TEST QUESTIONS
Study online at https://quizlet.com/_e8y1pl
1. An agent with ABC Realty working under a verbal buy- Verbal dual agency could
er agency agreement with his client finds a house list- apply in this circumstance
ed by his firm. Because ABC is a small firm, most of its if the buyer and seller have
sellers have not consented to dual agency since it is a given the oral authority to
rare occurrence. The buyer agent would like to show practice dual agency.
the house, and potentially make an offer, but wants to
comply with Commission rules in doing so. Which of
the following is correct?
2. An agent is working in an open house that is listed by Buyers could freely enter
another agent in her firm. Because of the attractive- the house and discuss cer-
ness of the property, the agent experiences significant tain features of the house
traffic and several unrepresented buyers. Which of the and leave without having
following is most accurate regarding this scenario? reviewed the WWREA dis-
closure with the agent.
3. If there is a dispute regarding whether an item is a fix- the intention of the person
ture, courts apply the Total Circumstances Test. Which who attached it
of the following considerations would the court use
in determining whether the property conveys with the
property or could be removed by the seller?
4. Which of these is an example of the doctrine of laches? An HOA allowed a neigh-
bor to keep prohibited
chickens for years, so now
the prohibition against
chickens is not enforce-
able.
5. Kirani prepaid the full year's property taxes on his credit to Kirani, debit to
home before selling it on the last day of July to Emmy. Emmy
Page 1 ACEABLE AGENT; REVIEW TEST QUESTIONS.pdf
, ACEABLE AGENT; REVIEW TEST QUESTIONS 2026-03-06
ACEABLE AGENT: REVIEW TEST QUESTIONS
Study online at https://quizlet.com/_e8y1pl
On the settlement statement, the property tax amount
for August through December will be recorded as a:
6. What is an exclusive right-to-sell listing? an agreement in which
the seller guarantees the
named broker receives a
commission if the property
is sold, regardless of who
brings the buyer
7. Kelly's apartment building recently experienced dam- Doctrine of Constructive
age from a flood, leaving her unit uninhabitable. After Eviction
nearly a month, her landlord refuses to update her
with information on repairs, but states she must still
pay rent on time. What law could Kelly enact in this
situation?
8. A listing agent fails to disclose his knowledge of a the listing agent may be
hidden material defect with the seller's property. The liable due to willful omis-
buyer's agent fails to discover this defect and the buyer sion of a material defect
learns of the defect only after closing on the property.
What kind of liability would either of the agents have
in this situation?
9. A tenant chooses to withhold rent because his air con- summary ejectment
ditioner has been acting up. The landlord disagrees
with the tenant regarding the air conditioning and
seeks to terminate the tenancy. What term describes
the landlord's option in this case?
10. Which of the following is often said to be an advantage Independent contractors
of being an independent contractor as a real estate have more control over
agent? their schedules.
Page 2 ACEABLE AGENT; REVIEW TEST QUESTIONS.pdf
, ACEABLE AGENT; REVIEW TEST QUESTIONS 2026-03-06
ACEABLE AGENT: REVIEW TEST QUESTIONS
Study online at https://quizlet.com/_e8y1pl
11. Johnna Wilson of ABC Realty presented an offer on No binding contract exists
behalf of her buyer client on a property listed by Jan- as the counteroffer termi-
ice DeBerg of XYZ Realty. The offer was $250,000 and nated the original offer.
the seller had until Wednesday at 4 pm to accept the
offer. After reviewing the offer, the seller counterof-
fered $260,000 on Monday evening. By Wednesday
afternoon, the seller had received no response to the
counteroffer, and she was getting anxious to have a
binding contract, so the seller instructed her agent to
communicate, prior to 4 pm on Wednesday, that she
had accepted the original offer of $250,000. Which of
the following statements is most accurate?
12. North Carolina Closing Attorney Ted is having Andres, a buyer's question about
his legal assistant, conduct a settlement meeting. how to interpret a para-
Which of these activities will Andres need to have Ted graph on a contract
handle?
13. Michael is a provisional broker. He received his license Michael must take eight
on March 1. He is approaching his first license renewal hours of CE before his sec-
on June 30. What are his continuing education require- ond license renewal.
ments?
14. Which of the following listing agreements is charac- Exclusive Agency
terized by providing an agent the sole right to list the
property but allows for the seller to sell the property
himself and avoid paying compensation?
15. A seller of a home built prior to 1978 would be required remediate any lead-based
to comply with all of the following, EXCEPT? paint that is discovered by
virtue of the buyer's dili-
gence
Page 3 ACEABLE AGENT; REVIEW TEST QUESTIONS.pdf
ACEABLE AGENT: REVIEW TEST QUESTIONS
Study online at https://quizlet.com/_e8y1pl
1. An agent with ABC Realty working under a verbal buy- Verbal dual agency could
er agency agreement with his client finds a house list- apply in this circumstance
ed by his firm. Because ABC is a small firm, most of its if the buyer and seller have
sellers have not consented to dual agency since it is a given the oral authority to
rare occurrence. The buyer agent would like to show practice dual agency.
the house, and potentially make an offer, but wants to
comply with Commission rules in doing so. Which of
the following is correct?
2. An agent is working in an open house that is listed by Buyers could freely enter
another agent in her firm. Because of the attractive- the house and discuss cer-
ness of the property, the agent experiences significant tain features of the house
traffic and several unrepresented buyers. Which of the and leave without having
following is most accurate regarding this scenario? reviewed the WWREA dis-
closure with the agent.
3. If there is a dispute regarding whether an item is a fix- the intention of the person
ture, courts apply the Total Circumstances Test. Which who attached it
of the following considerations would the court use
in determining whether the property conveys with the
property or could be removed by the seller?
4. Which of these is an example of the doctrine of laches? An HOA allowed a neigh-
bor to keep prohibited
chickens for years, so now
the prohibition against
chickens is not enforce-
able.
5. Kirani prepaid the full year's property taxes on his credit to Kirani, debit to
home before selling it on the last day of July to Emmy. Emmy
Page 1 ACEABLE AGENT; REVIEW TEST QUESTIONS.pdf
, ACEABLE AGENT; REVIEW TEST QUESTIONS 2026-03-06
ACEABLE AGENT: REVIEW TEST QUESTIONS
Study online at https://quizlet.com/_e8y1pl
On the settlement statement, the property tax amount
for August through December will be recorded as a:
6. What is an exclusive right-to-sell listing? an agreement in which
the seller guarantees the
named broker receives a
commission if the property
is sold, regardless of who
brings the buyer
7. Kelly's apartment building recently experienced dam- Doctrine of Constructive
age from a flood, leaving her unit uninhabitable. After Eviction
nearly a month, her landlord refuses to update her
with information on repairs, but states she must still
pay rent on time. What law could Kelly enact in this
situation?
8. A listing agent fails to disclose his knowledge of a the listing agent may be
hidden material defect with the seller's property. The liable due to willful omis-
buyer's agent fails to discover this defect and the buyer sion of a material defect
learns of the defect only after closing on the property.
What kind of liability would either of the agents have
in this situation?
9. A tenant chooses to withhold rent because his air con- summary ejectment
ditioner has been acting up. The landlord disagrees
with the tenant regarding the air conditioning and
seeks to terminate the tenancy. What term describes
the landlord's option in this case?
10. Which of the following is often said to be an advantage Independent contractors
of being an independent contractor as a real estate have more control over
agent? their schedules.
Page 2 ACEABLE AGENT; REVIEW TEST QUESTIONS.pdf
, ACEABLE AGENT; REVIEW TEST QUESTIONS 2026-03-06
ACEABLE AGENT: REVIEW TEST QUESTIONS
Study online at https://quizlet.com/_e8y1pl
11. Johnna Wilson of ABC Realty presented an offer on No binding contract exists
behalf of her buyer client on a property listed by Jan- as the counteroffer termi-
ice DeBerg of XYZ Realty. The offer was $250,000 and nated the original offer.
the seller had until Wednesday at 4 pm to accept the
offer. After reviewing the offer, the seller counterof-
fered $260,000 on Monday evening. By Wednesday
afternoon, the seller had received no response to the
counteroffer, and she was getting anxious to have a
binding contract, so the seller instructed her agent to
communicate, prior to 4 pm on Wednesday, that she
had accepted the original offer of $250,000. Which of
the following statements is most accurate?
12. North Carolina Closing Attorney Ted is having Andres, a buyer's question about
his legal assistant, conduct a settlement meeting. how to interpret a para-
Which of these activities will Andres need to have Ted graph on a contract
handle?
13. Michael is a provisional broker. He received his license Michael must take eight
on March 1. He is approaching his first license renewal hours of CE before his sec-
on June 30. What are his continuing education require- ond license renewal.
ments?
14. Which of the following listing agreements is charac- Exclusive Agency
terized by providing an agent the sole right to list the
property but allows for the seller to sell the property
himself and avoid paying compensation?
15. A seller of a home built prior to 1978 would be required remediate any lead-based
to comply with all of the following, EXCEPT? paint that is discovered by
virtue of the buyer's dili-
gence
Page 3 ACEABLE AGENT; REVIEW TEST QUESTIONS.pdf
