REAL ESTATE U FINAL EXAM 2025 2
CURENTLY TESTING EXAM VERSIONS WITH
VERIFIED
EXAM QUESTIONS AND ANSWERS WITH
RATIONALES STUDY GUIDE GUARANTEED
PASS LATEST UPDATE A
1. What discipline may be taken if a salesperson takes a property listing of a broker, after
leaving that broker...
A) The salesperson may be required to pay a fine
B) The salesperson may lose his/her license
C) The salesperson will only get a written warning
D) No penalty applies if the seller agrees
Correct answer: B
Rationale: Taking a listing from a prior broker without authorization constitutes a serious
violation. The Department of State may revoke or suspend the license.
2. Which of the following is NOT exempt from having to obtain a real estate salesperson’s
or broker’s license to practice real estate...?
A) Building superintendent
B) Property owner selling his/her own home
C) Attorneys acting under a power of attorney
D) Architects
Correct answer: D
Rationale: Architects are not exempt from licensure when performing acts that legally require a
real estate license (e.g., listing/selling property).
3. A price below which an owner will not sell the property, and at which price a broker will
not receive a commission is referred to as what...?
A) Gross listing
B) Net listing
1|Page
, REAL ESTATE U FINAL EXAM 2025 2
CURENTLY TESTING EXAM VERSIONS WITH
VERIFIED
EXAM QUESTIONS AND ANSWERS WITH
RATIONALES STUDY GUIDE GUARANTEED
PASS LATEST UPDATE A
C) Exclusive agency
D) Open listing
Correct answer: B
Rationale: A net listing sets a bottom-line price for the seller. Anything above that price can be
kept by the broker. This arrangement is prohibited or discouraged in many states.
4.
The right of the Department of State to deactivate a broker’s or salesperson’s license for
wrongdoing is known as what...?
A) Censure
B) Suspension
C) Revocation
D) Fine
Correct answer: B
Rationale: Suspension is the temporary deactivation of a license due to misconduct. A more
severe penalty is revocation (permanent loss of license).
5. Any person who engages in the business of claiming, demanding, charging, receiving,
collecting, or contracting for the collection of, a fee from a customer for furnishing
information concerning the location and availability of real property, including apartment
housing, which may be leased, rented, shared or sublet as a private dwelling, abode, or
place of residence is known as a/an...?
A) Real estate analyst
B) Apartment information vendor
C) Real estate referral service
D) Cooperative broker
Correct answer: B
, REAL ESTATE U FINAL EXAM 2025 2
CURENTLY TESTING EXAM VERSIONS WITH
VERIFIED
EXAM QUESTIONS AND ANSWERS WITH
RATIONALES STUDY GUIDE GUARANTEED
PASS LATEST UPDATE A
Rationale: An apartment information vendor charges a fee to provide listings of available
apartments.
2|Page
, 6. A licensed individual that charges a fee to serve as the mediator between the buyer and
seller is known as a...?
A) Sub-agent
B) Real estate appraiser
C) Home inspector
D) Real estate broker
Correct answer: D
Rationale: A real estate broker is licensed to represent others in real property transactions for
compensation.
7. What is a common breach of the fiduciary duty of accountability...?
A) Being negligent with the client’s money
B) Communicating regularly with the client
C) Following up with all prospective buyers
D) Holding client funds in a separate escrow account
Correct answer: A
Rationale: The duty of accountability requires safe, accurate handling of client funds.
Negligently managing client money is a breach.
8. The employer of an agent or broker is known as a...?
A) Sub-agent
B) Principal
C) Facilitator
D) Associate
Correct answer: B
Rationale: The principal (client) hires the agent or broker to act on his/her behalf.
3|Page
Document shared on https://www.docsity.com/en/docs/real-estate-u-final-exam-2025-or-2-curently-testing-exam-versions-with-accurate-real-exam/12310202/
CURENTLY TESTING EXAM VERSIONS WITH
VERIFIED
EXAM QUESTIONS AND ANSWERS WITH
RATIONALES STUDY GUIDE GUARANTEED
PASS LATEST UPDATE A
1. What discipline may be taken if a salesperson takes a property listing of a broker, after
leaving that broker...
A) The salesperson may be required to pay a fine
B) The salesperson may lose his/her license
C) The salesperson will only get a written warning
D) No penalty applies if the seller agrees
Correct answer: B
Rationale: Taking a listing from a prior broker without authorization constitutes a serious
violation. The Department of State may revoke or suspend the license.
2. Which of the following is NOT exempt from having to obtain a real estate salesperson’s
or broker’s license to practice real estate...?
A) Building superintendent
B) Property owner selling his/her own home
C) Attorneys acting under a power of attorney
D) Architects
Correct answer: D
Rationale: Architects are not exempt from licensure when performing acts that legally require a
real estate license (e.g., listing/selling property).
3. A price below which an owner will not sell the property, and at which price a broker will
not receive a commission is referred to as what...?
A) Gross listing
B) Net listing
1|Page
, REAL ESTATE U FINAL EXAM 2025 2
CURENTLY TESTING EXAM VERSIONS WITH
VERIFIED
EXAM QUESTIONS AND ANSWERS WITH
RATIONALES STUDY GUIDE GUARANTEED
PASS LATEST UPDATE A
C) Exclusive agency
D) Open listing
Correct answer: B
Rationale: A net listing sets a bottom-line price for the seller. Anything above that price can be
kept by the broker. This arrangement is prohibited or discouraged in many states.
4.
The right of the Department of State to deactivate a broker’s or salesperson’s license for
wrongdoing is known as what...?
A) Censure
B) Suspension
C) Revocation
D) Fine
Correct answer: B
Rationale: Suspension is the temporary deactivation of a license due to misconduct. A more
severe penalty is revocation (permanent loss of license).
5. Any person who engages in the business of claiming, demanding, charging, receiving,
collecting, or contracting for the collection of, a fee from a customer for furnishing
information concerning the location and availability of real property, including apartment
housing, which may be leased, rented, shared or sublet as a private dwelling, abode, or
place of residence is known as a/an...?
A) Real estate analyst
B) Apartment information vendor
C) Real estate referral service
D) Cooperative broker
Correct answer: B
, REAL ESTATE U FINAL EXAM 2025 2
CURENTLY TESTING EXAM VERSIONS WITH
VERIFIED
EXAM QUESTIONS AND ANSWERS WITH
RATIONALES STUDY GUIDE GUARANTEED
PASS LATEST UPDATE A
Rationale: An apartment information vendor charges a fee to provide listings of available
apartments.
2|Page
, 6. A licensed individual that charges a fee to serve as the mediator between the buyer and
seller is known as a...?
A) Sub-agent
B) Real estate appraiser
C) Home inspector
D) Real estate broker
Correct answer: D
Rationale: A real estate broker is licensed to represent others in real property transactions for
compensation.
7. What is a common breach of the fiduciary duty of accountability...?
A) Being negligent with the client’s money
B) Communicating regularly with the client
C) Following up with all prospective buyers
D) Holding client funds in a separate escrow account
Correct answer: A
Rationale: The duty of accountability requires safe, accurate handling of client funds.
Negligently managing client money is a breach.
8. The employer of an agent or broker is known as a...?
A) Sub-agent
B) Principal
C) Facilitator
D) Associate
Correct answer: B
Rationale: The principal (client) hires the agent or broker to act on his/her behalf.
3|Page
Document shared on https://www.docsity.com/en/docs/real-estate-u-final-exam-2025-or-2-curently-testing-exam-versions-with-accurate-real-exam/12310202/
