METRO BROKER FINAL FINAL PAPER
2026 SOLVED QUESTIONS GRADED A+
◉ When can a Salesperson sign a sales contract for their client?
a. When the salesperson has a listing agreement
b. When the salesperson is the client's attorney in fact
c. Never, the client must always sign
d. When the salesperson has written permission from their client.
Answer: b. When the salesperson is the client's attorney in fact
◉ The owner of a property you want to list has died. He/ She has
four kids, and two of them want to list the property. What should the
agent do before listing the property?
a. Have the deceased owner sign the listing agreement
b. List the property for the two kids
c. Require the other children to sign a quitclaim deed
d. Check the records to see who the current legal owner is
e. Only list the property with the signature of all four kids. Answer: d.
Check the records to see who the current legal owner is
, ◉ Which of the following is true regarding a qualifying broker and a
licensee?
a. The licensee must earn a minimum commission set by license law
b. The broker must establish work schedules for all licensee
c. The broker must withhold taxes from the licensee commission
d. The licensee and the broker must enter into a written agreement.
Answer: d. The licensee and the broker must enter into a written
agreement.
◉ When should a buyer or seller receive a copy of anything they
sign?
a. Within 24 hours
b. Within 48 hours
c. As soon as practically possibly
d. Immediately Answer: d. Immediately
◉ A person having to walk through a bathroom to enter the master
bedroom is an example of what?
a. A big Master bedroom
b. Physical obsolescence
c. Building code violation
,d. A historical design
e. Functional obsolescence Answer: e. Functional obsolescence
◉ What is the value of a property that has a $1,200 monthly NOI,
and 8% rate of return?
a. $15,000
b. $115,200
c. $180,000
d. $18,000 Answer: c. $180,000
◉ An uneducated person signs a sales contract with an "X", and he
understands the terms of the contract. Is the contract binding?
a. No, the uneducated person would need a guardian to sign
b. Yes, anyone over the age of 18 is a legal adult
c. Yes, because he understands the terms of the contract
d. No, the buyer is uneducated and therefor considered legally
incompetent Answer: c. Yes, because he understands the terms of
the contract
◉ When a buyer submits an offer that is accepted, what kind of
intertest do they now have in the property.
, a. None, the property hasn't closed yet
b. An equitable interest in the property
c. A right of redemption interest
d. None, that buyer is Cray Cray and hasn't given the seller any
money yet. Answer: b. An equitable interest in the property
◉ RESPA applies to which of the following transactions?
a. A purchase of a new farm
b. A gift deed contract of a home
c. A first Mortgage on a home
d. Land Sales contract of a home
e. All the above Answer: c. A first Mortgage on a home
◉ Your client purchases a home zoned as residential only, but they
want to open a home business. What must they do?
a. Get a nonconforming use permit
b. Put in a buffer zone
c. Get a conditional use permit
d. Open the business, and don't tell anyone. Answer: c. Get a
conditional use permit
2026 SOLVED QUESTIONS GRADED A+
◉ When can a Salesperson sign a sales contract for their client?
a. When the salesperson has a listing agreement
b. When the salesperson is the client's attorney in fact
c. Never, the client must always sign
d. When the salesperson has written permission from their client.
Answer: b. When the salesperson is the client's attorney in fact
◉ The owner of a property you want to list has died. He/ She has
four kids, and two of them want to list the property. What should the
agent do before listing the property?
a. Have the deceased owner sign the listing agreement
b. List the property for the two kids
c. Require the other children to sign a quitclaim deed
d. Check the records to see who the current legal owner is
e. Only list the property with the signature of all four kids. Answer: d.
Check the records to see who the current legal owner is
, ◉ Which of the following is true regarding a qualifying broker and a
licensee?
a. The licensee must earn a minimum commission set by license law
b. The broker must establish work schedules for all licensee
c. The broker must withhold taxes from the licensee commission
d. The licensee and the broker must enter into a written agreement.
Answer: d. The licensee and the broker must enter into a written
agreement.
◉ When should a buyer or seller receive a copy of anything they
sign?
a. Within 24 hours
b. Within 48 hours
c. As soon as practically possibly
d. Immediately Answer: d. Immediately
◉ A person having to walk through a bathroom to enter the master
bedroom is an example of what?
a. A big Master bedroom
b. Physical obsolescence
c. Building code violation
,d. A historical design
e. Functional obsolescence Answer: e. Functional obsolescence
◉ What is the value of a property that has a $1,200 monthly NOI,
and 8% rate of return?
a. $15,000
b. $115,200
c. $180,000
d. $18,000 Answer: c. $180,000
◉ An uneducated person signs a sales contract with an "X", and he
understands the terms of the contract. Is the contract binding?
a. No, the uneducated person would need a guardian to sign
b. Yes, anyone over the age of 18 is a legal adult
c. Yes, because he understands the terms of the contract
d. No, the buyer is uneducated and therefor considered legally
incompetent Answer: c. Yes, because he understands the terms of
the contract
◉ When a buyer submits an offer that is accepted, what kind of
intertest do they now have in the property.
, a. None, the property hasn't closed yet
b. An equitable interest in the property
c. A right of redemption interest
d. None, that buyer is Cray Cray and hasn't given the seller any
money yet. Answer: b. An equitable interest in the property
◉ RESPA applies to which of the following transactions?
a. A purchase of a new farm
b. A gift deed contract of a home
c. A first Mortgage on a home
d. Land Sales contract of a home
e. All the above Answer: c. A first Mortgage on a home
◉ Your client purchases a home zoned as residential only, but they
want to open a home business. What must they do?
a. Get a nonconforming use permit
b. Put in a buffer zone
c. Get a conditional use permit
d. Open the business, and don't tell anyone. Answer: c. Get a
conditional use permit
