Barney Fletcher Exam 2 Questions and
Correct Answers (Verified Answers) | Latest
Update 2026/27 | Graded A+
FBPA is a GA Law - ANSWERS True
Referrals are from broker to broker (licensee to licensee) - ANSWERS True
The secondary mortgage market is used for what? - ANSWERS loans are
bought and sold... provides liquidity for the primary market
Accrued interest is the sellers interest since his last payment - ANSWERS True
In a cooperative type of ownership, the unit dweller does not get an individual tax
bill - ANSWERS True
Multiple tenants in same shopping center who are not forced to move in a
foreclosure must have had what type of clause? - ANSWERS Non-disturbance
clause in the deed/mortgage
Local rents are mostly affected by what? - ANSWERS Local supply and demand
in the area
A partial release clause is found in what kind of mortgage? - ANSWERS A
blanket mortgage for a developer to sell off one lot at a time
,If a seller sues a buyer who walks after buyer's remorse, the seller will likely only
receive what as liquidated damages? - ANSWERS Earnest money
Three options for trust accounts when an agent sells their own home -
ANSWERS Own broker, a deferent broker, or open their own account
Sara buys her own listing but never tells the seller that she is the actual buyer, this
is? - ANSWERS Unfair trade practice and illegal
A buyer buys a property that is landlocked including an easement for access, the
easement is never recorded? - ANSWERS it is necessary/appurtenant
When the buyer goes to resell years later, does he have a transferable easement? -
ANSWERS yes, its appurtenant
The use of borrowed funds to make an investment is the definition of? -
ANSWERS Leverage
No one with a license or relative of a license can ever collect from? - ANSWERS
REERR
Joint tenants cannot will their interest - ANSWERS True
What laws are covered under the Sherman Anti-Trust laws? - ANSWERS Tie-ins
, Appurtenances are to include rights of ownership and improvements -
ANSWERS True
Under BRRETA you must disclose what? - ANSWERS The facts you personally
have knowledge of as the agent
How many sq ft are in an acre and a mile - ANSWERS 43,560 in an acre and
5280 in a mile
Steering is part of which regulation/Law? - ANSWERS is the practice of
influencing a buyer's choice of communities based upon one of the protected
characteristics under the Fair Housing Act
Couple rents for 1 year with no mention of to terminate in the lease. They move
out and the landlord sues for 1 months rent since they did not give notice. -
ANSWERS Not required since not in the lease, couple wins
APR comes from Truth in lending act - ANSWERS a federal law
A life estate with a remainderman - ANSWERS goes to life tenant first, then
moves forward to named remainderman.... does not return to grantor
A security deed is used does what? - ANSWERS transfers title to the lender as
collateral for the debt until debt is paid
Showing a home you and the buyer notice a crack you should? - ANSWERS
notify the buyer and seller immediately
Correct Answers (Verified Answers) | Latest
Update 2026/27 | Graded A+
FBPA is a GA Law - ANSWERS True
Referrals are from broker to broker (licensee to licensee) - ANSWERS True
The secondary mortgage market is used for what? - ANSWERS loans are
bought and sold... provides liquidity for the primary market
Accrued interest is the sellers interest since his last payment - ANSWERS True
In a cooperative type of ownership, the unit dweller does not get an individual tax
bill - ANSWERS True
Multiple tenants in same shopping center who are not forced to move in a
foreclosure must have had what type of clause? - ANSWERS Non-disturbance
clause in the deed/mortgage
Local rents are mostly affected by what? - ANSWERS Local supply and demand
in the area
A partial release clause is found in what kind of mortgage? - ANSWERS A
blanket mortgage for a developer to sell off one lot at a time
,If a seller sues a buyer who walks after buyer's remorse, the seller will likely only
receive what as liquidated damages? - ANSWERS Earnest money
Three options for trust accounts when an agent sells their own home -
ANSWERS Own broker, a deferent broker, or open their own account
Sara buys her own listing but never tells the seller that she is the actual buyer, this
is? - ANSWERS Unfair trade practice and illegal
A buyer buys a property that is landlocked including an easement for access, the
easement is never recorded? - ANSWERS it is necessary/appurtenant
When the buyer goes to resell years later, does he have a transferable easement? -
ANSWERS yes, its appurtenant
The use of borrowed funds to make an investment is the definition of? -
ANSWERS Leverage
No one with a license or relative of a license can ever collect from? - ANSWERS
REERR
Joint tenants cannot will their interest - ANSWERS True
What laws are covered under the Sherman Anti-Trust laws? - ANSWERS Tie-ins
, Appurtenances are to include rights of ownership and improvements -
ANSWERS True
Under BRRETA you must disclose what? - ANSWERS The facts you personally
have knowledge of as the agent
How many sq ft are in an acre and a mile - ANSWERS 43,560 in an acre and
5280 in a mile
Steering is part of which regulation/Law? - ANSWERS is the practice of
influencing a buyer's choice of communities based upon one of the protected
characteristics under the Fair Housing Act
Couple rents for 1 year with no mention of to terminate in the lease. They move
out and the landlord sues for 1 months rent since they did not give notice. -
ANSWERS Not required since not in the lease, couple wins
APR comes from Truth in lending act - ANSWERS a federal law
A life estate with a remainderman - ANSWERS goes to life tenant first, then
moves forward to named remainderman.... does not return to grantor
A security deed is used does what? - ANSWERS transfers title to the lender as
collateral for the debt until debt is paid
Showing a home you and the buyer notice a crack you should? - ANSWERS
notify the buyer and seller immediately
