1
For Expert help and assignment solutions, +254707240657
Barney Fletcher Cram Final Exam Newest
2025/2026 Complete Questions And
Correct Answers (Verified Answers)|Brand
New Version!
A seller wants to list the property with a broker, but wants to avoid
paying any commission should the seller be fortunate enough to
© 2025 Assignment Expert
sell the property. himself. Which of the following should the seller
avoid signing?
Guru01 - Stuvia
A. an exclusive agency listing
B. an exclusive right to sell listing
C. an open listing
D. all listings [ Ans: ] 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
, 2
For Expert help and assignment solutions, +254707240657
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 [ Ans: ] C. do not tell them even
though it appears that Smith's death is imminent
In a cooperative sale, where the listing broker and the selling
© 2025 Assignment Expert
broker represent the seller, the selling broker has which of the
following relationships?
Guru01 - Stuvia
A. agent of the listing broker
B. sub agent of the listing broker
C. agent of the seller
D. sub agent of the buyer [ Ans: ] 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
, 3
For Expert help and assignment solutions, +254707240657
C. prove he had a ready, willing, and able buyer that met the
seller's terms
D. all of the above [ Ans: ] 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?
© 2025 Assignment Expert
A. no, he gave an estimate
Guru01 - Stuvia
B. no, the buyer should have gotten a survey
C. yes, he made a statement which he realized could be false
D. yes, the broker should have surveyed the property himself [
Ans: ] 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
, 4
For Expert help and assignment solutions, +254707240657
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 [ Ans: ] B. yes, because this is
undisclosed dual agency
© 2025 Assignment Expert
A buyer and seller sign an agreement to change the contract to
close on May 1 instead of May 2. This is a(n):
Guru01 - Stuvia
A. addendum
B. special stipulation
C. amendment
D. clause [ Ans: ] C. amendment
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
For Expert help and assignment solutions, +254707240657
Barney Fletcher Cram Final Exam Newest
2025/2026 Complete Questions And
Correct Answers (Verified Answers)|Brand
New Version!
A seller wants to list the property with a broker, but wants to avoid
paying any commission should the seller be fortunate enough to
© 2025 Assignment Expert
sell the property. himself. Which of the following should the seller
avoid signing?
Guru01 - Stuvia
A. an exclusive agency listing
B. an exclusive right to sell listing
C. an open listing
D. all listings [ Ans: ] 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
, 2
For Expert help and assignment solutions, +254707240657
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 [ Ans: ] C. do not tell them even
though it appears that Smith's death is imminent
In a cooperative sale, where the listing broker and the selling
© 2025 Assignment Expert
broker represent the seller, the selling broker has which of the
following relationships?
Guru01 - Stuvia
A. agent of the listing broker
B. sub agent of the listing broker
C. agent of the seller
D. sub agent of the buyer [ Ans: ] 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
, 3
For Expert help and assignment solutions, +254707240657
C. prove he had a ready, willing, and able buyer that met the
seller's terms
D. all of the above [ Ans: ] 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?
© 2025 Assignment Expert
A. no, he gave an estimate
Guru01 - Stuvia
B. no, the buyer should have gotten a survey
C. yes, he made a statement which he realized could be false
D. yes, the broker should have surveyed the property himself [
Ans: ] 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
, 4
For Expert help and assignment solutions, +254707240657
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 [ Ans: ] B. yes, because this is
undisclosed dual agency
© 2025 Assignment Expert
A buyer and seller sign an agreement to change the contract to
close on May 1 instead of May 2. This is a(n):
Guru01 - Stuvia
A. addendum
B. special stipulation
C. amendment
D. clause [ Ans: ] C. amendment
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
