1|Page
Barney Fletcher Final Verified Exam ||Verified Exam!!!||
2026/2027 | All Questions with 100% Correct Verified
Answers | Graded A+
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):
A. addendum
,2|Page
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
,3|Page
D. it cannot be assigned because a listing contract is a
personal services contract - Answer-D. it cannot be
assigned because a listing contract is a personal services
contract
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
, 4|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
Barney Fletcher Final Verified Exam ||Verified Exam!!!||
2026/2027 | All Questions with 100% Correct Verified
Answers | Graded A+
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):
A. addendum
,2|Page
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
,3|Page
D. it cannot be assigned because a listing contract is a
personal services contract - Answer-D. it cannot be
assigned because a listing contract is a personal services
contract
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
, 4|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
