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BARNEY FLETCHER FINAL EXAM 2025| BRAND
NEW ACTUAL EXAM WITH 100% VERIFIED
QUESTIONS AND CORRECT SOLUTIONS|
GUARANTEED VALUE PACK| ACE YOUR
GRADES.
A seller wants to list the property with a broker, but wants to avoid paying
any commission should the seller be fortunate enough to sell the property.
himself. Which of the following should the seller avoid signing?
A. an exclusive agency listing
B. an exclusive right to sell listing
C. an open listing
D. all listings - Correct Answer-B. an exclusive right to sell listing
Mr. Smith listed his farm with broker Bob. Although Smith did not tell him,
Bob knew he had to sell due to poor health. What should Bob tell potential
buyers?
A. tell them of the illness only if they ask, but not the need to sell
B. tell them of the need to sell to insure a quick sale
C. do not tell them even though it appears that Smith's death is imminent
D. in order to sell quickly, tell them that the seller is ill because death would
cancel the listing - Correct Answer-C. do not tell them even though it
appears that Smith's death is imminent
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In a cooperative sale, where the listing broker and the selling broker
represent the seller, the selling broker has which of the following
relationships?
A. agent of the listing broker
B. sub agent of the listing broker
C. agent of the seller
D. sub agent of the buyer - Correct Answer-A. agent of the listing broker
A broker had an exclusive right to sell agency listing. In order to collect the
commission, he must:
A. prove he was the procuring agent
B. prove he was licensed at the time of the sale
C. prove he had a ready, willing, and able buyer that met the seller's terms
D. all of the above - Correct Answer-B. prove he was licensed at the time of
the sale
A broker estimated the property lines by stating it ran between two trees in
the back yard. After closing, the buyer found it was over six feet off. Is the
broker liable?
A. no, he gave an estimate
B. no, the buyer should have gotten a survey
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C. yes, he made a statement which he realized could be false
D. yes, the broker should have surveyed the property himself - Correct
Answer-C. yes, he made a statement which he realized could be false
Smith has an exclusive listing with broker Jones for $220,000. Jones finds
a buyer who wants representation and Jones represents both Smith and
the buyer, verbally disclosing that he is now representing both as clients.
Has Jones violated license law?
A. yes, because this is sub agency
B. yes, because this is undisclosed dual agency
C. no, because he disclosed to all parties that neither had to consent to
dual agency
D. no, because he disclosed to all parties that his actions may be adverse
to either party, however he would not divulge confidential information -
Correct Answer-B. yes, because this is undisclosed dual agency
A buyer and seller sign an agreement to change the contract to close on
May 1 instead of May 2. This is a(n):
A. addendum
B. special stipulation
C. amendment
D. clause - Correct Answer-C. amendment
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When a person, upon payment of a consideration, has an obligation to buy
land at a fixed price within a specified period of time, his right could be
described as:
A. a right of first refusal
B. an option
C. a sales contract
D. either A or B - Correct Answer-C. a sales contract
Joan has a listing with broker Bob. A week into the listing, Joan gets a call
from broker Jill stating that the listing is now with her. Can this happen?
A. it's ok as long as it was assignable in the original contract
B. it's ok as long as the brokers have a written contract between them to
transfer
C. never due to the statute of frauds
D. it cannot be assigned because a listing contract is a personal services
contract - Correct Answer-D. it cannot be assigned because a listing
contract is a personal services contract
What type of transaction exists when there is a written contract for a broker
to receive pay from both or either party and performs only ministerial acts
for one or both parties?
A. double agency
B. transaction brokerage
BARNEY FLETCHER FINAL EXAM 2025| BRAND
NEW ACTUAL EXAM WITH 100% VERIFIED
QUESTIONS AND CORRECT SOLUTIONS|
GUARANTEED VALUE PACK| ACE YOUR
GRADES.
A seller wants to list the property with a broker, but wants to avoid paying
any commission should the seller be fortunate enough to sell the property.
himself. Which of the following should the seller avoid signing?
A. an exclusive agency listing
B. an exclusive right to sell listing
C. an open listing
D. all listings - Correct Answer-B. an exclusive right to sell listing
Mr. Smith listed his farm with broker Bob. Although Smith did not tell him,
Bob knew he had to sell due to poor health. What should Bob tell potential
buyers?
A. tell them of the illness only if they ask, but not the need to sell
B. tell them of the need to sell to insure a quick sale
C. do not tell them even though it appears that Smith's death is imminent
D. in order to sell quickly, tell them that the seller is ill because death would
cancel the listing - Correct Answer-C. do not tell them even though it
appears that Smith's death is imminent
, Page |2
In a cooperative sale, where the listing broker and the selling broker
represent the seller, the selling broker has which of the following
relationships?
A. agent of the listing broker
B. sub agent of the listing broker
C. agent of the seller
D. sub agent of the buyer - Correct Answer-A. agent of the listing broker
A broker had an exclusive right to sell agency listing. In order to collect the
commission, he must:
A. prove he was the procuring agent
B. prove he was licensed at the time of the sale
C. prove he had a ready, willing, and able buyer that met the seller's terms
D. all of the above - Correct Answer-B. prove he was licensed at the time of
the sale
A broker estimated the property lines by stating it ran between two trees in
the back yard. After closing, the buyer found it was over six feet off. Is the
broker liable?
A. no, he gave an estimate
B. no, the buyer should have gotten a survey
, Page |3
C. yes, he made a statement which he realized could be false
D. yes, the broker should have surveyed the property himself - Correct
Answer-C. yes, he made a statement which he realized could be false
Smith has an exclusive listing with broker Jones for $220,000. Jones finds
a buyer who wants representation and Jones represents both Smith and
the buyer, verbally disclosing that he is now representing both as clients.
Has Jones violated license law?
A. yes, because this is sub agency
B. yes, because this is undisclosed dual agency
C. no, because he disclosed to all parties that neither had to consent to
dual agency
D. no, because he disclosed to all parties that his actions may be adverse
to either party, however he would not divulge confidential information -
Correct Answer-B. yes, because this is undisclosed dual agency
A buyer and seller sign an agreement to change the contract to close on
May 1 instead of May 2. This is a(n):
A. addendum
B. special stipulation
C. amendment
D. clause - Correct Answer-C. amendment
, Page |4
When a person, upon payment of a consideration, has an obligation to buy
land at a fixed price within a specified period of time, his right could be
described as:
A. a right of first refusal
B. an option
C. a sales contract
D. either A or B - Correct Answer-C. a sales contract
Joan has a listing with broker Bob. A week into the listing, Joan gets a call
from broker Jill stating that the listing is now with her. Can this happen?
A. it's ok as long as it was assignable in the original contract
B. it's ok as long as the brokers have a written contract between them to
transfer
C. never due to the statute of frauds
D. it cannot be assigned because a listing contract is a personal services
contract - Correct Answer-D. it cannot be assigned because a listing
contract is a personal services contract
What type of transaction exists when there is a written contract for a broker
to receive pay from both or either party and performs only ministerial acts
for one or both parties?
A. double agency
B. transaction brokerage
