REAL ESTATE PRACTICE EXAM QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|GUARANTEED A+|VERIFIED

REAL ESTATE PRACTICE EXAM QUESTIONS
AND 100% CORRECT ANSWERS|LATEST
2025/2026|GUARANTEED A+|VERIFIED

1. A real estate sales agent may be employed by: (Page 2) - ANSWER
B B B B B B B B B B B B B b) their broker
B B




2. As a prerequisite to an agent's use of an income and expense data worksheet, the agent ask
B B B B B B B B B B B B B B B B B



s a prospective broker: (Page 15) - ANSWER
B B B B B B B d) All of the above.
B B B B




3. A ____ occurs when a broker or their agent has a professional or personal bias which hinder
B B B B B B B B B B B B B B B B B



s their ability to fulfill the fiduciary duties owed to their client. (Page 45) -
B B B B B B B B B B B B B B



B ANSWER b) conflict of interest.
B B B




4. A _____ is sometimes referred to as a selling agent in real estate jargon. (Page 33) -
B B B B B B B B B B B B B B B B B



B ANSWER a) buyer's agent
B B




5. A broker who fails to disclose their dual agency is subject to: (Page 41) -
B B B B B B B B B B B B B B B



B ANSWER d) all of the above
B B B B




6. When a dual agency is established in a one-to-
B B B B B B B B B



four unit residential sales transaction (i.e., both parties are represented by the same broker) t
B B B B B B B B B B B B B B



he broker and their agents may not pass on any information from one party to the other relati
B B B B B B B B B B B B B B B B B



ng to: (Page 41) - ANSWER
B B B B B c) both a and b
B B B B




7. Brokers supervise and police the business-related conduct of their agents by: -
B B B B B B B B B B B B



B ANSWER d) All of the above
B B B B




8. The Agency Law Disclosure form is mandated to be presented to all parties by a broker or th
B B B B B B B B B B B B B B B B B B



eir agent when listing, selling, buying or exchanging: (Page 54) -
B B B B B B B B B B



B ANSWER c) both a and b
B B B B




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, 9. Failure of the seller's agent to provide the seller with the Agency Law Disclosure prior to ent
B B B B B B B B B B B B B B B B B



ering into a listing agreement: (Page 59) -
B B B B B B B



B ANSWER a) results in the loss of the broker fee on the sale of challenge by the seller.
B B B B B B B B B B B B B B B B




10. The _____ relationship established on entering into a listing agreement specifies the scope
B B B B B B B B B B B B B



of activities the broker and their agents are to undertake and authorizes the broker to carry th
B B B B B B B B B B B B B B B B B



em out. (Page 64) - ANSWER
B B B B B c) employment
B




11. An _____ listing does not need to contain an expiration date. - ANSWER
B B B B B B B B B B B B B a) Open B




12. An exclusive right-to-
B B B



sell listing agreement entitled a broker to a fee from a seller when: (Page 67) -
B B B B B B B B B B B B B B B



B ANSWER d) All of the above
B B B B




13. Rejection occurs when: (Page 92) - ANSWER
B B B B B B B c) Both a and b
B B B B




14. A withdrawal-from-
B B



sale clause entitles a broker to be paid a full listing fee if, during the listing, the owner's conduc
B B B B B B B B B B B B B B B B B B



t causes the property to be: (Page 97-98) - ANSWER
B B B B B B B B B d) All of above
B B B




15. On a breach by seller of a listing which does not contain a termination-of-
B B B B B B B B B B B B B B



agency clause, the terminated broker is only entitled to: (Page 100) -
B B B B B B B B B B B



B ANSWER c)both a and b B B B




16. A broker earns a fee under a safety clause when: (Page 105-106). -
B B B B B B B B B B B B B



B ANSWER d) All of the above
B B B B




17. The amount of the broker fee sought by a seller's agent on a property is implicitly related t
B B B B B B B B B B B B B B B B B B



o: (Page 124) - ANSWER
B B B B c) the time and effort the agent spent servicing the listing
B B B B B B B B B B




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