SELLER REPRESENTATIVE SPECIALIST (SRS) EXAM
QUESTIONS AND CORRECT ANSWER WITH
EXPLANATION LATEST 2025-2026
1.
The primary role of a seller’s representative is to:
A. Represent the buyer
B. Represent the seller’s interests
C. Represent the lender
D. Represent the appraiser
Answer: B
Rationale: SRS focuses on protecting and promoting the seller’s interests.
2.
A listing agreement is a contract between:
A. Seller and broker
B. Buyer and seller
C. Lender and buyer
D. Appraiser and broker
Answer: A
Rationale: It authorizes the broker to market the property.
3.
A fiduciary duty requires:
A. Loyalty to the seller
B. Loyalty to buyer
C. Loyalty to lender
D. Loyalty to government
Answer: A
Rationale: Seller’s agent must act in seller’s best interest.
4.
,The most important pricing tool for a listing agent is:
A. CMA
B. Appraisal
C. Tax record
D. Loan estimate
Answer: A
Rationale: Comparative Market Analysis guides pricing.
5.
Overpricing a property may lead to:
A. Longer time on market
B. Faster sale
C. Higher taxes
D. Lower commission
Answer: A
Rationale: Buyers avoid overpriced homes.
6.
Underpricing a property may:
A. Reduce seller profit
B. Increase taxes
C. Delay closing
D. Improve inspection
Answer: A
Rationale: Seller may lose equity.
7.
Market value is defined as:
A. Most probable sale price
B. Tax value
C. Insurance value
D. Loan amount
Answer: A
Rationale: Price in open competitive market.
, 8.
A listing agent’s marketing goal is to:
A. Attract qualified buyers
B. Reduce taxes
C. Approve loans
D. Set insurance rates
Answer: A
Rationale: Exposure increases sale chances.
9.
Staging a home helps to:
A. Increase buyer appeal
B. Reduce taxes
C. Delay closing
D. Lower appraisal
Answer: A
Rationale: Improves presentation.
10.
Seller disclosure laws require:
A. Honest property condition reporting
B. Hidden defects
C. No reporting
D. Broker-only disclosure
Answer: A
Rationale: Protects buyers legally.
11.
Material facts must be:
A. Disclosed
B. Hidden
C. Ignored
QUESTIONS AND CORRECT ANSWER WITH
EXPLANATION LATEST 2025-2026
1.
The primary role of a seller’s representative is to:
A. Represent the buyer
B. Represent the seller’s interests
C. Represent the lender
D. Represent the appraiser
Answer: B
Rationale: SRS focuses on protecting and promoting the seller’s interests.
2.
A listing agreement is a contract between:
A. Seller and broker
B. Buyer and seller
C. Lender and buyer
D. Appraiser and broker
Answer: A
Rationale: It authorizes the broker to market the property.
3.
A fiduciary duty requires:
A. Loyalty to the seller
B. Loyalty to buyer
C. Loyalty to lender
D. Loyalty to government
Answer: A
Rationale: Seller’s agent must act in seller’s best interest.
4.
,The most important pricing tool for a listing agent is:
A. CMA
B. Appraisal
C. Tax record
D. Loan estimate
Answer: A
Rationale: Comparative Market Analysis guides pricing.
5.
Overpricing a property may lead to:
A. Longer time on market
B. Faster sale
C. Higher taxes
D. Lower commission
Answer: A
Rationale: Buyers avoid overpriced homes.
6.
Underpricing a property may:
A. Reduce seller profit
B. Increase taxes
C. Delay closing
D. Improve inspection
Answer: A
Rationale: Seller may lose equity.
7.
Market value is defined as:
A. Most probable sale price
B. Tax value
C. Insurance value
D. Loan amount
Answer: A
Rationale: Price in open competitive market.
, 8.
A listing agent’s marketing goal is to:
A. Attract qualified buyers
B. Reduce taxes
C. Approve loans
D. Set insurance rates
Answer: A
Rationale: Exposure increases sale chances.
9.
Staging a home helps to:
A. Increase buyer appeal
B. Reduce taxes
C. Delay closing
D. Lower appraisal
Answer: A
Rationale: Improves presentation.
10.
Seller disclosure laws require:
A. Honest property condition reporting
B. Hidden defects
C. No reporting
D. Broker-only disclosure
Answer: A
Rationale: Protects buyers legally.
11.
Material facts must be:
A. Disclosed
B. Hidden
C. Ignored
