BROKERAGE EXAM 2025 QUESTIONS
AND ANSWERS
Executive Summary - ANS Most business plans include a synopsis of the plan as a whole,
designed to be read by shareholders, lenders, and other third parties with an interest in
learning about the organization. What is this synopsis called?
An indication that the worker wont be treated as an employee. - ANS Which of these should
a brokerage's independent contractor agreements include?
Brainstorming and focus groups are a big part of this style of management. -
ANS Participatory
Who is behaving unethically in the following scenarios? - ANS A licensee who doesn't show
potential buyers a home because he believes they aren't a cultural fit.
Serious damage to the firm's brand or reputation can occur as a result of ______. - ANS A
single large event or a pattern of smaller events
Which of these scenarios would best be solved with short-term financing? - ANS Your
forecast shows that you won't be able to fully fund operations in February and March, but the
rest of the year looks great.
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, A leader who displays the quality of being a visionary is able to do what? - ANS Look ahead at
trends to meet future market demands
Which of the following gives employers the right to hire and fire people with or without a
reasonable cause? - ANS The doctrine of employment-at-will
Forecasters predict a huge spring blizzard. Jarrod's not concerned about operations because
everyone could use a couple of days off, anyway. The snow will melt eventually. What long-
term issues could arise that would cause more damage than Jarrod realizes? - ANS Damage
to the building from the storm and melting snow could destroy Jarrod's office and records.
What's the last stage of a business life cycle? - ANS Death
To be effective, the wording of a brokerage's code of ethics must be ______. - ANS Specific
What's the purpose of a firewall? - ANS It prevents hackers from infecting your system with
viruses, worms, and malware.
Broker Jill is conducting the exit interview with one of her licensees, who is heading to a larger
brokerage. Which of the following is an appropriate exit interview question for Jill to ask? -
ANS "What did you enjoy about working here?"
If a minor enters into a contract with an adult, which of the following is true? - ANS The
minor may legally hold the adult to the contract, but the adult cannot legally hold the minor to
the contract.
Which of the following is an example of horizontal growth? - ANS Adding a commercial sales
venture to a residential sales office
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