University of Georgia REAL 4000
Real Estate Final Exam (150 Questions ) #1 Questions
Verified and Provided with Complete A+ Graded Answers
Latest Updated 2026
A real estate licensee has a buyer agency A customer.
agreement. What is the seller in this situation?
An optionor and an optionee make a He must exercise his option under the terms of the option
contract for an option on a commercial contract.
piece of property. If the optionee decides
to exercise his option, when must he
perform?
When can a landlord evict a disabled blind or If the tenant has loud parties, makes too much noise, and is
disabled tenant from the premises? constantly disturbing other tenants
4. Broker Carr, with ABC Real Estate There is not a relationship between the parties. Broker Carr
Company, listed the property with a seller. represents the Seller and Broker Smith represents the Buyer.
Broker Smith, with XYZ Real Estate
Company, called Broker Carr, and
disclosed that he was a Buyer Agent.
Broker Smith wrote a contract with a buyer
for the sale of the
property. What, if any, is the relationship
between the buyer's broker, the seller and
the listing
broker?
A buyer bought a property without telling Enforceable
the seller of his intended purpose for the
property.
The contract contains no contingency
clauses and it is a properly executed
contract. After the
closing, the buyer is unable to obtain the
zoning he needs for his commercial
project. What is the contract at this
stage?
6. The seller and the buyer finally agreed $1,130.14 debit the seller and credit the buyer
to a purchase price of $203,500 with the
closing to occur on June 15. The taxes for
the year in the
amount of $2,500 have not been paid by
the seller. (Taxes are paid in arrears). How
much would the tax proration amount to,
and how would it appear on a full
settlement statement? Base your answer
on a 365 day year, and the buyer is
responsible for the day of settlement.
A seller listed his home for six months on 6/15
February
26. On April 29, a buyer made an offer on the
property. The listing broker presented the
offer to the seller on April 30. The seller
accepted the offer on May 1, with the closing
, to occur on June 15.
Assuming the closing took place on June 15,
when did the listing expire?
The sellers listed their property for six $36,225. Debit the seller.
months on February 26 for $522,500. They
agreed to pay the listing broker a 7%
commission at closing on the agreed upon
sale price. A buyer made an offer on the
property on March 29 for $510,000. The seller
countered the offer on April 1 at $517,500,
and the buyer accepted the counter offer
with the closing to occur on June 15. How
much commission did the seller owe the
listing broker, and how would it
appear on the settlement statement?
The seller and the buyer agreed to a Loan balance $170,000; interest due $425
purchase price of $270,000 with the closing
to occur on June
15. The seller's loan balance after the June 1
payment was $170,000. with an interest rate
of
6%.The monthly payment was $1,800
principal and interest. What was the loan
balance the day of
closing, and how much interest did the
seller owe the bank?
The buyer and seller agreed to a purchase $ 248,400. Credit the buyer only.
price of
$310,500. The buyer received an 80%
loan. How much was the buyer's loan and
how did it appear on the settlement
statement?
Real Estate Final Exam (150 Questions ) #1 Questions
Verified and Provided with Complete A+ Graded Answers
Latest Updated 2026
A real estate licensee has a buyer agency A customer.
agreement. What is the seller in this situation?
An optionor and an optionee make a He must exercise his option under the terms of the option
contract for an option on a commercial contract.
piece of property. If the optionee decides
to exercise his option, when must he
perform?
When can a landlord evict a disabled blind or If the tenant has loud parties, makes too much noise, and is
disabled tenant from the premises? constantly disturbing other tenants
4. Broker Carr, with ABC Real Estate There is not a relationship between the parties. Broker Carr
Company, listed the property with a seller. represents the Seller and Broker Smith represents the Buyer.
Broker Smith, with XYZ Real Estate
Company, called Broker Carr, and
disclosed that he was a Buyer Agent.
Broker Smith wrote a contract with a buyer
for the sale of the
property. What, if any, is the relationship
between the buyer's broker, the seller and
the listing
broker?
A buyer bought a property without telling Enforceable
the seller of his intended purpose for the
property.
The contract contains no contingency
clauses and it is a properly executed
contract. After the
closing, the buyer is unable to obtain the
zoning he needs for his commercial
project. What is the contract at this
stage?
6. The seller and the buyer finally agreed $1,130.14 debit the seller and credit the buyer
to a purchase price of $203,500 with the
closing to occur on June 15. The taxes for
the year in the
amount of $2,500 have not been paid by
the seller. (Taxes are paid in arrears). How
much would the tax proration amount to,
and how would it appear on a full
settlement statement? Base your answer
on a 365 day year, and the buyer is
responsible for the day of settlement.
A seller listed his home for six months on 6/15
February
26. On April 29, a buyer made an offer on the
property. The listing broker presented the
offer to the seller on April 30. The seller
accepted the offer on May 1, with the closing
, to occur on June 15.
Assuming the closing took place on June 15,
when did the listing expire?
The sellers listed their property for six $36,225. Debit the seller.
months on February 26 for $522,500. They
agreed to pay the listing broker a 7%
commission at closing on the agreed upon
sale price. A buyer made an offer on the
property on March 29 for $510,000. The seller
countered the offer on April 1 at $517,500,
and the buyer accepted the counter offer
with the closing to occur on June 15. How
much commission did the seller owe the
listing broker, and how would it
appear on the settlement statement?
The seller and the buyer agreed to a Loan balance $170,000; interest due $425
purchase price of $270,000 with the closing
to occur on June
15. The seller's loan balance after the June 1
payment was $170,000. with an interest rate
of
6%.The monthly payment was $1,800
principal and interest. What was the loan
balance the day of
closing, and how much interest did the
seller owe the bank?
The buyer and seller agreed to a purchase $ 248,400. Credit the buyer only.
price of
$310,500. The buyer received an 80%
loan. How much was the buyer's loan and
how did it appear on the settlement
statement?
