REAL ESTATE EXAM MULTIPLE CHOICE
QUESTIONS WITH 100% CORRECT AND
VERIFIED ANSWERS|LATEST
2025/2026|GUARANTEED A+
Which of the following would not necessarily belong in a firms mandatory interest-bearing
trust account?
A. Earnest Money Deposits
B. Security Deposits
C. Advanced Fees
D. A down payment - ANSWER B. Security deposits
The buyers want an attorney to hold the earnest money. Who should draft earnest money
agreement?
A. An attorney
B. Buyers firm
C. Sellers listing firm
D. None of the above - ANSWER A. An attorney
Client funds do not include:
A. Down payment
B. Earnest money
C. Promissory notes
D. Additional earnest money - ANSWER C. Promissory notes
Generally, a licensee must deposit real estate trust funds within what timeframe?
A. 48 hours
B. 24 hours
C. Two working days
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Wicky
,D. 72 hours - ANSWER A. 48 hours
The interest from an interest-bearing real estate trust account is annually remitted to the:
A. Department of Finance
B. Department of motor vehicles
C. Department of Administration
D. Department of safety - ANSWER C. Department of Administration
How should a party amend contract for sale?
A. Cross out provisions and initial and date the changes
B. Use an amendment to the offer to purchase
C. Draft a new contract
D. Use an addendum to the contract for sale - ANSWER B. Use an amendment to offer
to purchase
Buyer makes a written offer and the seller changes some of the terms of the offer, signs it,
and delivers it back to the buyer. what is the status of the offer?
A. It is a contract for sale
B. Does a contract for sale but does not include the sellers revised term
C. It is a contract for sale if the buyer initials the sellers revisions delivers it back to the seller
D. It is a rejection of the offer and a presentation of a counter offer - ANSWER D. It is a
rejection of the offer and a presentation of a counter offer
When were the licensee not use of WB - 46 multiple counter proposal?
A. To issue a non-binding proposal to more than one buyer
B. When a seller does not want to reject offers but would like to suggest modifications to
offers
C. After binding acceptance
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Wicky
, D. To inform a buyer that the seller is considering other offers - ANSWER C. After
binding acceptance
Which of the following does not apply to the process the firm uses to provide a notice of
defects to a seller?
A. The notice must be accompanied by a copy of the inspection report
B. A notice must be delivered to the seller by the deadline of the home inspection
C. If the seller has a right to cure, delivery of the notice puts the seller in control of the
transaction
D. The notice allows the buyer to negotiate the terms of the offer - ANSWER D. The
notice allows the buyer to negotiate the terms of the offer
How are the WB - 44 counter offers numbered?
A. According to the date of the counter offer
B. Numbering the form according to how many counters have been made by the party
C. Numbering the form according to how many counters have been made and total by buyer
and seller
D. Identifying the form ID number assigned to that particular counter offer form -
ANSWER C. Numbering the form according to how many counters have been made
and total by buyer and seller
How should a buyer draft a second counter offer so The counter offer includes the first three
items of the first counter offer?
A. Write a new offer
B. State the terms of the second counter offer and incorporate the first three items of the
first counter offer by reference
C. Re-issue the first counter offer with a multiple counter offer to incorporate any additional
changes
D. These provisions cannot be included because the seller rejected them - ANSWER B.
State the terms of the second counter offer and incorporate the first three items of the first
counter offer by reference
3
Wicky
QUESTIONS WITH 100% CORRECT AND
VERIFIED ANSWERS|LATEST
2025/2026|GUARANTEED A+
Which of the following would not necessarily belong in a firms mandatory interest-bearing
trust account?
A. Earnest Money Deposits
B. Security Deposits
C. Advanced Fees
D. A down payment - ANSWER B. Security deposits
The buyers want an attorney to hold the earnest money. Who should draft earnest money
agreement?
A. An attorney
B. Buyers firm
C. Sellers listing firm
D. None of the above - ANSWER A. An attorney
Client funds do not include:
A. Down payment
B. Earnest money
C. Promissory notes
D. Additional earnest money - ANSWER C. Promissory notes
Generally, a licensee must deposit real estate trust funds within what timeframe?
A. 48 hours
B. 24 hours
C. Two working days
1
Wicky
,D. 72 hours - ANSWER A. 48 hours
The interest from an interest-bearing real estate trust account is annually remitted to the:
A. Department of Finance
B. Department of motor vehicles
C. Department of Administration
D. Department of safety - ANSWER C. Department of Administration
How should a party amend contract for sale?
A. Cross out provisions and initial and date the changes
B. Use an amendment to the offer to purchase
C. Draft a new contract
D. Use an addendum to the contract for sale - ANSWER B. Use an amendment to offer
to purchase
Buyer makes a written offer and the seller changes some of the terms of the offer, signs it,
and delivers it back to the buyer. what is the status of the offer?
A. It is a contract for sale
B. Does a contract for sale but does not include the sellers revised term
C. It is a contract for sale if the buyer initials the sellers revisions delivers it back to the seller
D. It is a rejection of the offer and a presentation of a counter offer - ANSWER D. It is a
rejection of the offer and a presentation of a counter offer
When were the licensee not use of WB - 46 multiple counter proposal?
A. To issue a non-binding proposal to more than one buyer
B. When a seller does not want to reject offers but would like to suggest modifications to
offers
C. After binding acceptance
2
Wicky
, D. To inform a buyer that the seller is considering other offers - ANSWER C. After
binding acceptance
Which of the following does not apply to the process the firm uses to provide a notice of
defects to a seller?
A. The notice must be accompanied by a copy of the inspection report
B. A notice must be delivered to the seller by the deadline of the home inspection
C. If the seller has a right to cure, delivery of the notice puts the seller in control of the
transaction
D. The notice allows the buyer to negotiate the terms of the offer - ANSWER D. The
notice allows the buyer to negotiate the terms of the offer
How are the WB - 44 counter offers numbered?
A. According to the date of the counter offer
B. Numbering the form according to how many counters have been made by the party
C. Numbering the form according to how many counters have been made and total by buyer
and seller
D. Identifying the form ID number assigned to that particular counter offer form -
ANSWER C. Numbering the form according to how many counters have been made
and total by buyer and seller
How should a buyer draft a second counter offer so The counter offer includes the first three
items of the first counter offer?
A. Write a new offer
B. State the terms of the second counter offer and incorporate the first three items of the
first counter offer by reference
C. Re-issue the first counter offer with a multiple counter offer to incorporate any additional
changes
D. These provisions cannot be included because the seller rejected them - ANSWER B.
State the terms of the second counter offer and incorporate the first three items of the first
counter offer by reference
3
Wicky
