Barney Fletcher Cram Final Exam
BARNEY FLETCHER CRAM FINAL EXAM NEWEST 2025/2026
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |BRAND NEW VERSION!!
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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, Barney Fletcher Cram Final Exam
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
C. sub agency
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, Barney Fletcher Cram Final Exam
D. single agency - Correct Answer-B. transaction brokerage
When is the correct time for the salesperson to get the proper legal description of
the seller's property?
A. when filling out the offer
B. when filling out the sales contract
C. when filling out the listing
D. any time before closing - Correct Answer-C. when filling out the listing
Sue acquires an option to buy a tract of land from Pete. which of the following is
NOT true?
A. Sue is the optionee and Pete is the optionor
B. the property may be purchased at the discretion of the optionee
C. Pete may not diminish the value of the property (waste) during the period the
option is in effect
D. Pete may not sell the property to anyone else during the period the option is in
effect - Correct Answer-D. Pete may not sell the property to anyone else during
the period the option is in effect
The contract signed between a buyer and a broker is called?
A. listing contract
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, Barney Fletcher Cram Final Exam
B. buyer's brokerage agreement
C. listing agreement
D. buyer's relationship - Correct Answer-B. buyer's brokerage agreement
Typically in Georgia, the agent representing the seller is called?
A. the selling agent
B. the listing agent
C. the sub agent
D. the listing broker - Correct Answer-D. the listing broker
Which documents must be in writing to be enforceable according to the statute of
frauds?
A. leases over a year old
B. real estate sales contracts
C. deeds
D. all of the above - Correct Answer-D. all of the above
Seller Jane negotiates a sales contract with buyer Bill, but before signing the
contract, she contacts buyer Mike to see if he wants to buy it before Bill does.
Mike probably had:
A. an option
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BARNEY FLETCHER CRAM FINAL EXAM NEWEST 2025/2026
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |BRAND NEW VERSION!!
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
1|Page
, Barney Fletcher Cram Final Exam
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
C. sub agency
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, Barney Fletcher Cram Final Exam
D. single agency - Correct Answer-B. transaction brokerage
When is the correct time for the salesperson to get the proper legal description of
the seller's property?
A. when filling out the offer
B. when filling out the sales contract
C. when filling out the listing
D. any time before closing - Correct Answer-C. when filling out the listing
Sue acquires an option to buy a tract of land from Pete. which of the following is
NOT true?
A. Sue is the optionee and Pete is the optionor
B. the property may be purchased at the discretion of the optionee
C. Pete may not diminish the value of the property (waste) during the period the
option is in effect
D. Pete may not sell the property to anyone else during the period the option is in
effect - Correct Answer-D. Pete may not sell the property to anyone else during
the period the option is in effect
The contract signed between a buyer and a broker is called?
A. listing contract
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, Barney Fletcher Cram Final Exam
B. buyer's brokerage agreement
C. listing agreement
D. buyer's relationship - Correct Answer-B. buyer's brokerage agreement
Typically in Georgia, the agent representing the seller is called?
A. the selling agent
B. the listing agent
C. the sub agent
D. the listing broker - Correct Answer-D. the listing broker
Which documents must be in writing to be enforceable according to the statute of
frauds?
A. leases over a year old
B. real estate sales contracts
C. deeds
D. all of the above - Correct Answer-D. all of the above
Seller Jane negotiates a sales contract with buyer Bill, but before signing the
contract, she contacts buyer Mike to see if he wants to buy it before Bill does.
Mike probably had:
A. an option
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