RE Final Exam (2025)
QUESTIONS AND ALL CORRECT
ANSWERS 100% SOLVED AND
GUARANTEED SUCCESS!!
For the lender, what is an advantage of a non-judicial foreclosure?
The state will automatically pay them whatever the deficiency amount is.
The process is quicker since they do not have to go through the courts.
Loans in states with non-judicial foreclosure have higher interest rates.
,The Federal Government will automatically pay them whatever the
deficiency amount is. - 🧠 ANSWER ✔✔The state will automatically pay
them whatever the deficiency amount is.
Why would municipal governments be concerned if property values are
falling? - 🧠 ANSWER ✔✔Because the majority of their revenue comes from
real estate taxes. When property values fall, revenue for municipal
governments also falls.
Jennifer wants to net $35,000 on her house. Her closing costs will be 7,500
plus a 7% commission. She owes $185,000 on her loan. What should the
sale price be (round to the nearest $1,000)? - 🧠 ANSWER ✔✔$245,000
Does a seller have the option to reject subagency when signing the listing
agreement? - 🧠 ANSWER ✔✔Yes, the seller can choose to reject or accept
subagency.
Broker Paul withdrew $500.00 from his escrow account to allow his buyers
to pay the application fee for their loan. The seller filed a complaint against
Paul. If after investigation, Paul is found guilty, which of the following
penalties could NOT be levied?
, Imprisonment
Revocation
$10,000.00 fine
Restitution - 🧠 ANSWER ✔✔$10000 fine?
Broker Tina's unlicensed assistant Gina worked late to help ensure the
successful closing of a difficult transaction. Gina called the buyers several
times to encourage them to accept the seller's counter offer and due largely
to Gina's efforts, the sale closed with no problems. Tina wants to pay Gina
a percent of the commission in addition to her regular salary. What does
Michigan law say about this?
Tina can give Gina a commission check.
Tina cannot pay a commission but can give Gina a gift certificate.
Tina cannot allow Gina to negotiate with buyers or pay a commission.
Tina can pay Gina a commission as long as Tina reports the income to the
IRS. - 🧠 ANSWER ✔✔Tina cannot allow Gina to negotiate with buyers or
pay a commission.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
QUESTIONS AND ALL CORRECT
ANSWERS 100% SOLVED AND
GUARANTEED SUCCESS!!
For the lender, what is an advantage of a non-judicial foreclosure?
The state will automatically pay them whatever the deficiency amount is.
The process is quicker since they do not have to go through the courts.
Loans in states with non-judicial foreclosure have higher interest rates.
,The Federal Government will automatically pay them whatever the
deficiency amount is. - 🧠 ANSWER ✔✔The state will automatically pay
them whatever the deficiency amount is.
Why would municipal governments be concerned if property values are
falling? - 🧠 ANSWER ✔✔Because the majority of their revenue comes from
real estate taxes. When property values fall, revenue for municipal
governments also falls.
Jennifer wants to net $35,000 on her house. Her closing costs will be 7,500
plus a 7% commission. She owes $185,000 on her loan. What should the
sale price be (round to the nearest $1,000)? - 🧠 ANSWER ✔✔$245,000
Does a seller have the option to reject subagency when signing the listing
agreement? - 🧠 ANSWER ✔✔Yes, the seller can choose to reject or accept
subagency.
Broker Paul withdrew $500.00 from his escrow account to allow his buyers
to pay the application fee for their loan. The seller filed a complaint against
Paul. If after investigation, Paul is found guilty, which of the following
penalties could NOT be levied?
, Imprisonment
Revocation
$10,000.00 fine
Restitution - 🧠 ANSWER ✔✔$10000 fine?
Broker Tina's unlicensed assistant Gina worked late to help ensure the
successful closing of a difficult transaction. Gina called the buyers several
times to encourage them to accept the seller's counter offer and due largely
to Gina's efforts, the sale closed with no problems. Tina wants to pay Gina
a percent of the commission in addition to her regular salary. What does
Michigan law say about this?
Tina can give Gina a commission check.
Tina cannot pay a commission but can give Gina a gift certificate.
Tina cannot allow Gina to negotiate with buyers or pay a commission.
Tina can pay Gina a commission as long as Tina reports the income to the
IRS. - 🧠 ANSWER ✔✔Tina cannot allow Gina to negotiate with buyers or
pay a commission.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
