Barney Fletcher Cram Final Exam (Latest 2024 – 2025) With Complete Solution

Barney Fletcher Cram Final Exam (Latest 2024 – 2025) With
Complete Solution

Assellerswantsstosliststhespropertyswithsasbroker,sbutswantsstosavoidspayingsanyscommissions
shouldsthessellersbesfortunatesenoughstossellsthesproperty.shimself.sWhichsofsthesfollowingss
houldsthessellersavoidssigning?

A.sansexclusivesagencyslisting
B.sansexclusivesrightstossellslisting
C.sansopenslisting
D.sallslistingss-sB.sansexclusivesrightstossellslisting

Mr.sSmithslistedshissfarmswithsbrokersBob.sAlthoughsSmithsdidsnotstellshim,sBobsknewshesha
dstossellsduestospoorshealth.sWhatsshouldsBobstellspotentialsbuyers?

A.stellsthemsofsthesillnesssonlysifstheysask,sbutsnotsthesneedstossell
B.stellsthemsofsthesneedstossellstosinsuresasquickssale
C.sdosnotstellsthemsevensthoughsitsappearssthatsSmith'ssdeathsissimminent
D.sinsorderstossellsquickly,stellsthemsthatsthessellersissillsbecausesdeathswouldscancelstheslistin
gs-sC.sdosnotstellsthemsevensthoughsitsappearssthatsSmith'ssdeathsissimminent

Insascooperativessale,swherestheslistingsbrokersandsthessellingsbrokersrepresentsthesseller,sth
essellingsbrokershasswhichsofsthesfollowingsrelationships?

A.sagentsofstheslistingsbroker
B.ssubsagentsofstheslistingsbroker
C.sagentsofsthesseller
D.ssubsagentsofsthesbuyers-sA.sagentsofstheslistingsbroker

Asbrokershadsansexclusivesrightstossellsagencyslisting.sInsorderstoscollectsthescommission,shes
must:

A.sprovesheswassthesprocuringsagent
B.sprovesheswasslicensedsatsthestimesofsthessale
C.sprovesheshadsasready,swilling,sandsablesbuyersthatsmetsthesseller'ssterms
D.sallsofsthesaboves-sB.sprovesheswasslicensedsatsthestimesofsthessale

Asbrokersestimatedsthespropertyslinessbysstatingsitsransbetweenstwostreessinsthesbacksyard.s
Aftersclosing,sthesbuyersfoundsitswassoverssixsfeetsoff.sIssthesbrokersliable?

A.sno,shesgavesansestimate
B.sno,sthesbuyersshouldshavesgottensassurvey
C.syes,shesmadesasstatementswhichshesrealizedscouldsbesfalse

,D.syes,sthesbrokersshouldshavessurveyedsthespropertyshimselfs-
sC.syes,shesmadesasstatementswhichshesrealizedscouldsbesfalse



SmithshassansexclusiveslistingswithsbrokersJonessfors$220,000.sJonessfindssasbuyerswhoswant
ssrepresentationsandsJonessrepresentssbothsSmithsandsthesbuyer,sverballysdisclosingsthatshes
issnowsrepresentingsbothsassclients.sHassJonessviolatedslicenseslaw?

A.syes,sbecausesthississsubsagency
B.syes,sbecausesthississundisclosedsdualsagency
C.sno,sbecauseshesdisclosedstosallspartiessthatsneithershadstosconsentstosdualsagency
D.sno,sbecauseshesdisclosedstosallspartiessthatshissactionssmaysbesadversestoseithersparty,sho
weversheswouldsnotsdivulgesconfidentialsinformations-
sB.syes,sbecausesthississundisclosedsdualsagency



AsbuyersandssellerssignsansagreementstoschangesthescontractstosclosesonsMays1sinsteadsofsMa
ys2.sThississa(n):

A.saddendum
B.sspecialsstipulation
C.samendment
D.sclauses-sC.samendment

Whensasperson,suponspaymentsofsasconsideration,shassansobligationstosbuyslandsatsasfixedspr
iceswithinsasspecifiedsperiodsofstime,shissrightscouldsbesdescribedsas:

A.sasrightsofsfirstsrefusal
B.sansoption
C.sassalesscontract
D.seithersAsorsBs-sC.sassalesscontract

JoanshassaslistingswithsbrokersBob.sAsweeksintostheslisting,sJoansgetssascallsfromsbrokersJillsst
atingsthatstheslistingsissnowswithsher.sCansthisshappen?

A.sit'ssoksasslongsassitswassassignablesinsthesoriginalscontract
B.sit'ssoksasslongsassthesbrokersshavesaswrittenscontractsbetweensthemstostransfer
C.sneversduestosthesstatutesofsfrauds
D.sitscannotsbesassignedsbecausesaslistingscontractsissaspersonalsservicesscontracts-
sD.sitscannotsbesassignedsbecausesaslistingscontractsissaspersonalsservicesscontract



Whatstypesofstransactionsexistsswhenstheresissaswrittenscontractsforsasbrokerstosreceivespays
fromsbothsorseitherspartysandsperformssonlysministerialsactssforsonesorsbothsparties?

A.sdoublesagency
B.stransactionsbrokerage
C.ssubsagency
D.ssinglesagencys-sB.stransactionsbrokerage

, Whensissthescorrectstimesforsthessalespersonstosgetsthesproperslegalsdescriptionsofsthesseller'
ssproperty?

A.swhensfillingsoutsthesoffer
B.swhensfillingsoutsthessalesscontract
C.swhensfillingsoutstheslisting
D.sanystimesbeforesclosings-sC.swhensfillingsoutstheslisting

SuesacquiressansoptionstosbuysastractsofslandsfromsPete.swhichsofsthesfollowingsissNOTstrue?

A.sSuesissthesoptioneesandsPetesissthesoptionor
B.sthespropertysmaysbespurchasedsatsthesdiscretionsofsthesoptionee
C.sPetesmaysnotsdiminishsthesvaluesofsthespropertys(waste)sduringsthesperiodsthesoptionsissi
nseffect
D.sPetesmaysnotssellsthespropertystosanyoneselsesduringsthesperiodsthesoptionsissinseffects-
sD.sPetesmaysnotssellsthespropertystosanyoneselsesduringsthesperiodsthesoptionsissinseffect



Thescontractssignedsbetweensasbuyersandsasbrokersisscalled?

A.slistingscontract
B.sbuyer'ssbrokeragesagreement
C.slistingsagreement
D.sbuyer'ssrelationships-sB.sbuyer'ssbrokeragesagreement

TypicallysinsGeorgia,sthesagentsrepresentingsthessellersisscalled?

A.sthessellingsagent
B.stheslistingsagent
C.sthessubsagent
D.stheslistingsbrokers-sD.stheslistingsbroker

Whichsdocumentssmustsbesinswritingstosbesenforceablesaccordingstosthesstatutesofsfrauds?

A.sleasessoversasyearsold
B.srealsestatessalesscontracts
C.sdeeds
D.sallsofsthesaboves-sD.sallsofsthesabove

SellersJanesnegotiatessassalesscontractswithsbuyersBill,sbutsbeforessigningsthescontract,sshesc
ontactssbuyersMikestosseesifsheswantsstosbuysitsbeforesBillsdoes.sMikesprobablyshad:

A.sansoption
B.sasrightsofsfirstsrefusal
C.saslistingsagreement
D.sbothsBsandsCs-sB.sasrightsofsfirstsrefusal