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BARNEY FLETCHER FINAL EXAM 2026/2027 ACTUAL
EXAM 2 VERSIONS (VERSION A AND B) COMPLETE
QUESTIONS WITH DETAILED VERIFIED ANSWERS
AND RATIONALES /ALREADY GRADED A+
A seller wants to list the property with a broker, but wants to avoid
paying any commission should the seller be fortunate enough to sell the
property. himself. Which of the following should the seller avoid
signing?
A. an exclusive agency listing
B. an exclusive right to sell listing
C. an open listing
D. all listings - ANSWER -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
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
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D. in order to sell quickly, tell them that the seller is ill because death
would cancel the listing - ANSWER -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 broker
represent the seller, the selling broker has which of the following
relationships?
A. agent of the listing broker
B. sub agent of the listing broker
C. agent of the seller
D. sub agent of the buyer - ANSWER -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
C. prove he had a ready, willing, and able buyer that met the seller's
terms
D. all of the above - ANSWER -B. prove he was licensed at the time of
the sale
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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?
A. no, he gave an estimate
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 -
ANSWER -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
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 - ANSWER -B. yes, because this is undisclosed dual agency
A buyer and seller sign an agreement to change the contract to close on
May 1 instead of May 2. This is a(n):
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A. addendum
B. special stipulation
C. amendment
D. clause - ANSWER -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
B. an option
C. a sales contract
D. either A or B - ANSWER -C. a sales contract
Joan has a listing with broker Bob. A week into the listing, Joan gets a
call from broker Jill stating that the listing is now with her. Can this
happen?
A. it's ok as long as it was assignable in the original contract
B. it's ok as long as the brokers have a written contract between them
to transfer
C. never due to the statute of frauds
BARNEY FLETCHER FINAL EXAM 2026/2027 ACTUAL
EXAM 2 VERSIONS (VERSION A AND B) COMPLETE
QUESTIONS WITH DETAILED VERIFIED ANSWERS
AND RATIONALES /ALREADY GRADED A+
A seller wants to list the property with a broker, but wants to avoid
paying any commission should the seller be fortunate enough to sell the
property. himself. Which of the following should the seller avoid
signing?
A. an exclusive agency listing
B. an exclusive right to sell listing
C. an open listing
D. all listings - ANSWER -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
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
,2|Page
D. in order to sell quickly, tell them that the seller is ill because death
would cancel the listing - ANSWER -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 broker
represent the seller, the selling broker has which of the following
relationships?
A. agent of the listing broker
B. sub agent of the listing broker
C. agent of the seller
D. sub agent of the buyer - ANSWER -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
C. prove he had a ready, willing, and able buyer that met the seller's
terms
D. all of the above - ANSWER -B. prove he was licensed at the time of
the sale
,3|Page
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?
A. no, he gave an estimate
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 -
ANSWER -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
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 - ANSWER -B. yes, because this is undisclosed dual agency
A buyer and seller sign an agreement to change the contract to close on
May 1 instead of May 2. This is a(n):
, 4|Page
A. addendum
B. special stipulation
C. amendment
D. clause - ANSWER -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
B. an option
C. a sales contract
D. either A or B - ANSWER -C. a sales contract
Joan has a listing with broker Bob. A week into the listing, Joan gets a
call from broker Jill stating that the listing is now with her. Can this
happen?
A. it's ok as long as it was assignable in the original contract
B. it's ok as long as the brokers have a written contract between them
to transfer
C. never due to the statute of frauds
