RePL CASA Actual Exam 2025 Repl Casa
Exam Latest Update 2025 Questions and
Correct Answers Rated A+
What two types of laws govern agency relationships? -ANSWER-
Common law and statutory law
Which type of authorized brokerage relationship requires no
disclosure notice prior to showing a property? -ANSWER-Transaction
Brokerage
Your sellers signed an Exclusive-Right-of-Sale listing. But they have
since decided that they do not want to sell the property; they would
rather lease it instead. Do they still owe you a commission? -
ANSWER-Yes. The terms of the listing agreement state that the
broker will be compensated in any number of circumstances, including
a lease agreement.
If the house a seller is listing is currently being rented, the seller
should: -ANSWER-Take initiative and check on the home before a
scheduled showing, to make sure it is presentable.
What is the primary purpose a seller hires a real estate agent
according to the course? -ANSWER-To market the property to
potential buyers
If a seller says he will sign an open listing, it means: -ANSWER-You
have the right to market his property, but he has the right to work with
other agents and brokers.
,Can your sellers decide not to offer compensation to any other agent
or broker? -ANSWER-Yes. But then the property cannot be listed in
the Multiple Listing Service.
If a seller agrees to an Exclusive-Agency listing, it means: -ANSWER-
The seller can avoid paying a commission by finding a buyer himself.
Three months into your listing agreement, both you and your sellers
feel that the relationship is not working. Are you stuck with each other
for the remainder of the contract? -ANSWER-No. But all parties must
sign a written statement, agreeing to terminate the relationship.
You have just signed a listing agreement with Seller Peter. According
to the course, your next step should be to: -ANSWER-Enter the listing
in the MLS and create flyers to put in the home and the yard sign.
How soon must a copy of the signed listing agreement be given to the
sellers? -ANSWER-Within 24 hours after it has been filled out and
signed.
If you are talking through a listing agreement, and your sellers say
they are uncomfortable with using a lockbox, you should: -ANSWER-
Show them a lockbox, and let them try to break into it so they have an
understanding of how secure they are.
At your first appointment with a buyer, you need to have her fill out
a(n) so you know how much house she can afford. -
ANSWER-Financial qualification sheet
,Identify this type of buyer: "I used to be a real estate agent, so I could
probably do this on my own, but my wife is nervous about all the legal
stuff, so here we are." -ANSWER-Know-it-All
If your buyer enters into an Exclusive Buyer's Agreement with you,
and she purchases a home that will close after your Buyer's
Agreement expires: -ANSWER-The agreement will automatically
continue through to the close of the sale.
Two of your buyers call you. Both want to view homes this coming
weekend. One is relocating from out of town. The other has six
months left on an apartment lease. Which buyer should be your
priority this weekend? -ANSWER-The one who is relocating, because
your time with her is limited.
What's the best way to work with a buyer who "likes everything"? -
ANSWER-Limit your showings to homes that exactly fit what he told
you he is looking for, and ask lots of questions to help him eliminate
some of his choices.
When you are viewing homes with your buyer, -ANSWER-Do your
best to withhold your personal opinions.
Intentionally directing someone to or away from specific areas based
on the ethnicity of the person or the area is known as -ANSWER-
Steering.
You are meeting with a new buyer. He walks into your office in jeans
and a flannel shirt. You saw him pull up in an old pickup truck. He
says he wants to purchase a home in the $500,000 to $650,000
range. What is the best response? -ANSWER-"Great! We have some
beautiful homes listed in that price range. Let us go through this
, mortgage worksheet together and get you pre-approved so that we
can make a strong offer when we find you the right home."
According to the course, the primary benefit of an early termination
clause is that: -ANSWER-It can give a nervous buyer some peace of
mind, because he is not locked into the full term of the contract.
You are in the office because you are scheduled for floor time. You
take a call from a prospective buyer, but after finding out more
information about a particular listing, he decides the property's lot is
too small. What's the best response? -ANSWER-"We have a very
similar home listed that is on a larger lot. Can I tell you a little about
it?"
A buyer conducted a home inspection on Wednesday, the final day of
the inspection period, and discovered an issue with the hot water
heater. Nine days later, he presents this information to the seller's
agent, and asks the seller to fix the problem. Is the seller obligated to
comply? -ANSWER-No. The buyer had five business days from the
final date of the inspection period to contact the seller, and that time
has passed.
If a dispute arises over an escrowed deposit, how long do the buyer
and seller have to try and resolve things on their own? -ANSWER-30
days
A sales contract is: -ANSWER-A bi-lateral agreement.
The buyer must withhold a 15% tax of the purchase price if: -
ANSWER-The seller is a "foreign person" as defined by the Foreign
Investment Act.
Exam Latest Update 2025 Questions and
Correct Answers Rated A+
What two types of laws govern agency relationships? -ANSWER-
Common law and statutory law
Which type of authorized brokerage relationship requires no
disclosure notice prior to showing a property? -ANSWER-Transaction
Brokerage
Your sellers signed an Exclusive-Right-of-Sale listing. But they have
since decided that they do not want to sell the property; they would
rather lease it instead. Do they still owe you a commission? -
ANSWER-Yes. The terms of the listing agreement state that the
broker will be compensated in any number of circumstances, including
a lease agreement.
If the house a seller is listing is currently being rented, the seller
should: -ANSWER-Take initiative and check on the home before a
scheduled showing, to make sure it is presentable.
What is the primary purpose a seller hires a real estate agent
according to the course? -ANSWER-To market the property to
potential buyers
If a seller says he will sign an open listing, it means: -ANSWER-You
have the right to market his property, but he has the right to work with
other agents and brokers.
,Can your sellers decide not to offer compensation to any other agent
or broker? -ANSWER-Yes. But then the property cannot be listed in
the Multiple Listing Service.
If a seller agrees to an Exclusive-Agency listing, it means: -ANSWER-
The seller can avoid paying a commission by finding a buyer himself.
Three months into your listing agreement, both you and your sellers
feel that the relationship is not working. Are you stuck with each other
for the remainder of the contract? -ANSWER-No. But all parties must
sign a written statement, agreeing to terminate the relationship.
You have just signed a listing agreement with Seller Peter. According
to the course, your next step should be to: -ANSWER-Enter the listing
in the MLS and create flyers to put in the home and the yard sign.
How soon must a copy of the signed listing agreement be given to the
sellers? -ANSWER-Within 24 hours after it has been filled out and
signed.
If you are talking through a listing agreement, and your sellers say
they are uncomfortable with using a lockbox, you should: -ANSWER-
Show them a lockbox, and let them try to break into it so they have an
understanding of how secure they are.
At your first appointment with a buyer, you need to have her fill out
a(n) so you know how much house she can afford. -
ANSWER-Financial qualification sheet
,Identify this type of buyer: "I used to be a real estate agent, so I could
probably do this on my own, but my wife is nervous about all the legal
stuff, so here we are." -ANSWER-Know-it-All
If your buyer enters into an Exclusive Buyer's Agreement with you,
and she purchases a home that will close after your Buyer's
Agreement expires: -ANSWER-The agreement will automatically
continue through to the close of the sale.
Two of your buyers call you. Both want to view homes this coming
weekend. One is relocating from out of town. The other has six
months left on an apartment lease. Which buyer should be your
priority this weekend? -ANSWER-The one who is relocating, because
your time with her is limited.
What's the best way to work with a buyer who "likes everything"? -
ANSWER-Limit your showings to homes that exactly fit what he told
you he is looking for, and ask lots of questions to help him eliminate
some of his choices.
When you are viewing homes with your buyer, -ANSWER-Do your
best to withhold your personal opinions.
Intentionally directing someone to or away from specific areas based
on the ethnicity of the person or the area is known as -ANSWER-
Steering.
You are meeting with a new buyer. He walks into your office in jeans
and a flannel shirt. You saw him pull up in an old pickup truck. He
says he wants to purchase a home in the $500,000 to $650,000
range. What is the best response? -ANSWER-"Great! We have some
beautiful homes listed in that price range. Let us go through this
, mortgage worksheet together and get you pre-approved so that we
can make a strong offer when we find you the right home."
According to the course, the primary benefit of an early termination
clause is that: -ANSWER-It can give a nervous buyer some peace of
mind, because he is not locked into the full term of the contract.
You are in the office because you are scheduled for floor time. You
take a call from a prospective buyer, but after finding out more
information about a particular listing, he decides the property's lot is
too small. What's the best response? -ANSWER-"We have a very
similar home listed that is on a larger lot. Can I tell you a little about
it?"
A buyer conducted a home inspection on Wednesday, the final day of
the inspection period, and discovered an issue with the hot water
heater. Nine days later, he presents this information to the seller's
agent, and asks the seller to fix the problem. Is the seller obligated to
comply? -ANSWER-No. The buyer had five business days from the
final date of the inspection period to contact the seller, and that time
has passed.
If a dispute arises over an escrowed deposit, how long do the buyer
and seller have to try and resolve things on their own? -ANSWER-30
days
A sales contract is: -ANSWER-A bi-lateral agreement.
The buyer must withhold a 15% tax of the purchase price if: -
ANSWER-The seller is a "foreign person" as defined by the Foreign
Investment Act.
