METRO BROKER FINAL
CERTIFICATION TEST 2026 FULL
QUESTIONS AND ANSWERS GRADED
A+
◉ The cost of an appraisal is determined by Answer: Work, time and
personnel
◉ When can a tenant remove a fixture? Answer: Prior to the
end/expiration of their lease.
◉ Square foot method is used in what type of appraisal? Answer:
Replacement-Cost Approach
◉ Requirement to become a salesperson? Answer: • 75 hrs of pre-
licensing course
• Pass state exam
• 18+ yrs.
◉ What type of agency is it where a salesperson works for broker?
Answer: General agency
,◉ If a contact has not stated a date of termination it will expire in:
Answer: One year
◉ When should earnest money be deposited? Answer: ASAP, unless
parties agreed otherwise.
◉ What is an attachment lien? Answer: Prevents owner from selling
property because a lawsuit is pending.
◉ Requirement for grantee: Answer: • Exist and be clearly identified
(grantee must be named)
◉ When does a license expire? Answer: • last day of the holder's
birth month every FOUR year.
• Every renewal must have 3hr course based on license law
◉ RegulationZ does not cover: Answer: Small businesses
◉ CAM manage: Answer: Manages HOA (homeowner's association)
◉ Responsibilities of property management: Answer: • To maximize
the value of the property based on higher long term return
, ◉ Id violation from landlord then tenant can take the landlord to
court and it's called: Answer: Constructive eviction; tenant stops
paying rent
◉ Examples of Police Power: Answer: • zoning ordinances
• building codes
◉ What does the secondary market do? Answer: Buy loans from the
primary market to create liquidity (money return). Which allows
primary market to make new loans.
◉ Quiet enjoyment promises: Answer: The tenant will not be
disturbed or evicted by one with superior title.
* free of disturbance*
◉ If an agent wants to lower the sales price they must: Answer:
Have written permission from owner
◉ If construction builder stop building sales price would: Answer: Go
UP.
◉ At what point can a contract be withdrawn? Answer: When other
party accepts and return the offer.
CERTIFICATION TEST 2026 FULL
QUESTIONS AND ANSWERS GRADED
A+
◉ The cost of an appraisal is determined by Answer: Work, time and
personnel
◉ When can a tenant remove a fixture? Answer: Prior to the
end/expiration of their lease.
◉ Square foot method is used in what type of appraisal? Answer:
Replacement-Cost Approach
◉ Requirement to become a salesperson? Answer: • 75 hrs of pre-
licensing course
• Pass state exam
• 18+ yrs.
◉ What type of agency is it where a salesperson works for broker?
Answer: General agency
,◉ If a contact has not stated a date of termination it will expire in:
Answer: One year
◉ When should earnest money be deposited? Answer: ASAP, unless
parties agreed otherwise.
◉ What is an attachment lien? Answer: Prevents owner from selling
property because a lawsuit is pending.
◉ Requirement for grantee: Answer: • Exist and be clearly identified
(grantee must be named)
◉ When does a license expire? Answer: • last day of the holder's
birth month every FOUR year.
• Every renewal must have 3hr course based on license law
◉ RegulationZ does not cover: Answer: Small businesses
◉ CAM manage: Answer: Manages HOA (homeowner's association)
◉ Responsibilities of property management: Answer: • To maximize
the value of the property based on higher long term return
, ◉ Id violation from landlord then tenant can take the landlord to
court and it's called: Answer: Constructive eviction; tenant stops
paying rent
◉ Examples of Police Power: Answer: • zoning ordinances
• building codes
◉ What does the secondary market do? Answer: Buy loans from the
primary market to create liquidity (money return). Which allows
primary market to make new loans.
◉ Quiet enjoyment promises: Answer: The tenant will not be
disturbed or evicted by one with superior title.
* free of disturbance*
◉ If an agent wants to lower the sales price they must: Answer:
Have written permission from owner
◉ If construction builder stop building sales price would: Answer: Go
UP.
◉ At what point can a contract be withdrawn? Answer: When other
party accepts and return the offer.
