EXAM 2025 QUESTIONS AND ANSWERS
Which statement would you advise agent Jerome not use in his listing advertisement due to
Fair Housing Laws? - ANS Within walking distance of the Gulf of Mexico
Which of the following is correct about the inspection period? - ANS The buyer may choose
to walk away from the contract for any reason.
Someone could be heard crying for help from an apartment. Which statement is true? -
ANS Because it is an emergency, the owner may enter.
You have just concluded a buyer presentation with Taylor. She likes you and you helped her
sister buy a house 6 months ago. She is really excited about getting started. You put the buyer
broker agreement in front of her, but you notice she looks very worried and did not sign it right
away. You ask her if she has any questions. She immediately says, "Yes, I don't know how I am
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,going to pay you for helping me. A guy at work said he had to pay his real estate agent $10,000.
I only have money for the down payment because you helped me get the 1st time home buyer
program. I guess I will have to wait until I can save up some money. Which of the following
statements cover steps number 4 & 5 of objection handling? - ANS "You don't have to worry
about that because my commission is paid by the seller at closing. Since you don't have to pay
me yourself, wouldn't it make sense to work together?"
Steering is described as what? - ANS Using a protected class as a basis to decide where to
show someone property.
A loan officer has done a brief interview with a buyer without verifying documentation such as
income. What is this called? - ANS Preapproving the buyer.
Concept that 20% of pointed action produces 80% of results is called what? - ANS Pareto's
Principle
Which of the following statements is true regarding license renewal? - ANS If the licensee
fails to renew the license by the first renewal term, the licensee cannot recover it.
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, You have shown your buyer's what they say is their dream home. However, it needs some
repairs. The house is a foreclosure and has been vacant for almost a year. One bathroom is
missing the toilet, the roof has a leak, the kitchen counters are gone and a few other more
minor issues. The buyers will qualify for any loan and have more than enough to put down;
whatever is required. Which of the following is the best loan for them? - ANS 203K
Assistance with price, advertising, providing signage, inclusion in MLS, inclusion on websites,
holding open houses, showing of the property, use of a lockbox, presenting and managing
offers, contract negotiations, and transaction closing assistance - are all tasks that what? -
ANS Can be contracted individually on a Limited Brokerage Services Addendum.
Per the statute - when a condominium is sold, specific documents must be provided from the
seller to the buyer. The re-seller must provide the buyer with 7 different required documents.
(Not including new requirements for possible Milestone Inspection or Structural Integrity
Reserve Study documents.) Which of the following is not one of those 7 documents? -
ANS Board of Directors Contact Information
October was preparing an advertisement for her seller and included the phrase "2.9% interest
available." What else does she have to include in the advertisement? - ANS The amount or
percentage of the down payment, the terms of repayment, and the annual percentage rate.
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