Questions Exam || Exam 2026
MOST Recent Tested,Actual Exam
Questions (2026) WITH Recent Newest
Verified And Well Analyzed Exam
Questions (Actual Exam 2026-2027)
Correct Detailed & Verified ANSWERS
(100% Accurate Solutions) ||ALREADY
GRADED A+||Exam Guarantee Pass!!
What is the goal of a listing presentation?
to impress a prospective seller client so that they sign a listing agreement with you
to show a variety of properties that best fits a buyer client's needs
to teach a seller client how to market a property on their own
to give colleagues a first chance at finding buyer clients for a property you are listing -
ANSWERS-to impress a prospective seller client so that they sign a listing agreement
with you
Is it possible to perform a CMA on a home you've never seen?
Yes, though the valuation may change when you view the property
Yes, it's exactly the same as on a home you've seen
No, and it's ethically wrong to try
,No, there are not sufficient tools to attempt it - ANSWERS-Yes, though the valuation
may change when you view the property
Jane is going over her proposed marketing plan with a seller client. The client tells her,
"I do not want you to show my house if I'm not home." This makes Jane nervous, as she
knows buyers prefer to look at a home without the owner present. She tells her client
this, but the client insists. What should Jane do now?
Jane should show the house when her client isn't home
Jane should comply with her client's request
Jane should give her client a CMA
Jane should give her client a net-sheet - ANSWERS-Jane should comply with her
client's request
The listing agent needs to understand that their client will ultimately make the call as to
what the listing price of the property will be. The agent's role, therefore, is one of
providing education and guidance, drawing upon the expertise that the agent has and
the seller needs.
What should new agents keep in mind when they begin marketing properties?
They will need to spend upfront and hope they earn marketing costs back once a
property sells and they get their commission
a brokerage will always pays for all of an agent's marketing costs
a brokerage will never pay for any of an agent's marketing costs
an agent should never ask a client to chip in on a marketing cost, even if it is very
expensive, ill-advised, or both - ANSWERS-They will need to spend upfront and hope
they earn marketing costs back once a property sells and they get their commission
You have just closed your first sale. Yay! Your client is thrilled with your work and has a
big fat check waiting for you on closing day. What should you say?
"Thank you! I hope we can work together again someday."
"I'm so pleased you are happy with my service! My commission has to go through my
broker, though. That's the law!"
"Thanks so much!" You then give the check to your broker to give to you
,"I can't take this money from you, as that is known as a kickback, and it's illegal." -
ANSWERS-"I'm so pleased you are happy with my service! My commission has to go
through my broker, though. That's the law!"
An agent can never collect compensation from anyone but their broker. Let's say a
client wants to write you a check directly. Can't happen. Tell the client politely that the
money needs to go to your broker.
Marta has her eye on a pet grooming business located on Main Street in her town. She
wants to get a loan to finance her purchase of the business. The enterprise brings in a
net operating income (NOI) of $540,000 a year. The total annual debt service is
$300,000.
Based on this information, would most commercial underwriters consider Marta's debt
service coverage ratio (DSCR) good enough to extend her a loan?
Marta would likely get the loan based on her DSCR of 1.8.
Marta would likely NOT get the loan based on her DSCR of 1.8.
Marta would likely get the loan based on her DSCR of 1.1.
Marta would likely NOT get the loan based on her DSCR of 1.1. - ANSWERS-Marta
would likely get the loan based on her DSCR of 1.8.
Two days after Carmen applied for a mortgage loan, she received a Loan Estimate from
her lender. Nine days later, she received a revised Loan Estimate with a change in
terms.
Which of the following most likely explains the cause for the change in terms that
prompted the revised Loan Estimate?
Four days after the original Loan Estimate was delivered, Carmen took advantage of a
drop in interest rates and locked in the rate on her loan.
Carmen's job status remained unchanged since the time of her loan application.
Carmen used a credit card to buy a week's worth of groceries.
The appraisal for the home Carmen is buying came in exactly as the bank anticipated it
would when the original Loan Estimate was issued. - ANSWERS-Four days after the
original Loan Estimate was delivered, Carmen took advantage of a drop in interest rates
and locked in the rate on her loan.
, A revised Loan Estimate will be issued by the lender when important information
affecting the loan changes. Carmen's use of her credit card to buy groceries is normal
and to be expected. Her move to lock in a lower interest rate on her loan would have a
substantial impact on the loan, which would be reflected in the revised Loan Estimate.
If a loan principal is $200,000, how much would 2 discount points cost?
$5,000
$4,000
$2,000
$1,500 - ANSWERS-$4,000
A discount point is 1% of a loan principal. So, in this scenario, a discount point would
cost $2,000. Two discount points would cost $4,000.
If Alice is paying $3,000 for 1 discount point, what is the principal?
$150,000
$200,000
$250,000
$300,000 - ANSWERS-$300,000
Ronnie has found her dream home and is going to finance it. She has learned from her
lender that if she pays $4,000 in discount points at closing, the reduction in the interest
rate will drop her monthly mortgage payment by $80. How long would Ronnie need to
stay in her loan in order to break even?
50 months
48 months
24 months
18 months - ANSWERS-50 months
If Ronnie pays $4,000 in discount points in order to lower her monthly mortgage
payment by $80, she would need to stay in her home for four years and two months (50