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Rockwell TEST all QUESTIONS AND CORRECT ANSWERS LATEST UPDATE THIS YEAR NEW!!

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Rockwell TEST all QUESTIONS AND
CORRECT ANSWERS LATEST UPDATE THIS
YEAR NEW!!
QUESTION: Which of the following actions by a broker would be illegal under the federal Fair

Housing Act?




a. Imposing a rule that if African-American clients ask to see "some less expensive houses,"

agents should show them houses in predominantly black neighborhoods




b. Matching up potential buyers with salespersons based on race




c. Neither A nor B; both actions are legal




d. Both A and B; both actions are illegal - ANSWER-d. Both A and B; both actions are illegal




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Explanation: The Fair Housing Act prohibits discrimination based on race (or other

characteristics protected under the act) in the provision of services related to the sale or rental

of housing, so both of these actions would be illegal under the act.




QUESTION: Once a listing agreement has been signed:




a. it can't be modified




b. it can be modified only by the seller




c. it can be modified only by the agent




d. it can be modified only with the written consent of all parties - ANSWER-d. it can be modified

only with the written consent of all parties




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Explanation: Like any written contract, once a listing agreement has been signed, it can be

modified only with the written consent of all of the parties. The MLS may provide a form that

can be used for this purpose.




QUESTION: A buyer makes and signs a written offer. The seller writes in one small change to

the offer and signs it. This document is known as:




a. an addendum




b. an amendment




c. a modification




d. a counteroffer - ANSWER-d. a counteroffer




Explanation: If any change is made to an offer by the offeree, this terminates the original offer

and creates a new offer known as a counteroffer.



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QUESTION: To successfully sue a seller for a commission owed, a broker who worked under a

nonexclusive listing must be able to prove that she was:




a. licensed at the time of the transaction




b. working under a written listing agreement




c. the procuring cause of the sale




d. All of the above - ANSWER-d. All of the above




Explanation: Regardless of the type of listing in question, to be entitled to sue for a commission

a broker must have been working under a written listing agreement and have been licensed at

the time of the transaction. With a nonexclusive or open listing, the broker must also have been

the procuring cause of the sale.


For which of the following acts might a broker be subject to disciplinary action?



4

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