Real Estate License Practice Exam 2025-2026 // Barney
Fletcher Real Estate Final Practice Test 2025 with 100
Recently Tested Questions and Correct Answers
Besides the seller, who may sign a real estate listing agreement?
A. the broker only
B. any salesperson or broker
C. the broker or any salesperson with the broker's written authorization
D. the broker or an associate broker only - ANSWER-C. the broker or any
salesperson with the broker's written authorization
A property listed with one broker was bought by a buyer who worked with another
broker. The two brokers decided to split the commission. If the federal authorities
found out about this they could:
A. revoke the broker's licenses
B. suspend the broker's licenses
C. fine the brokers $1,500
D. do nothing - ANSWER-D. do nothing
If all the principals live in the same city, in which of the following cases would the
broker most likely need a power of attorney?
A. the owner of a manufacturing plant lists it with a broker
B. a buyer contracted with a broker to purchase all properties put up for sale in that
county
pg. 1
,C. a couple going through a divorce lists their property with the broker
D. the XYZ Corporation, through its Board of Directors, authorizes the broker to
sell a piece of property owned by the corporation - ANSWER-B. a buyer
contracted with a broker to purchase all properties put up for sale in that county
An owner of a large estate told a broker he did not want an open house held on this
property and wanted advertising in a national magazine only. Is this allowable?
A. yes, the seller is responsible for planning all marketing of the property
B. yes, the broker works for the seller and must follow all legal instructions of the
seller
C. no, the broker has the right to hold the house open at his own discretion
D. no, the owner cannot limit the broker's ability to earn a commission -
ANSWER-B. yes, the broker works for the seller and must follow all legal
instructions of the seller
A salesperson listed a property for $68,000. Soon thereafter, another property that
had also listed for $68,000 sold for $75,000. The salesperson should:
A. tell the owner, as he had obviously made a mistake in the estimate of market
price
B. tell the owner that another had sold for $75,000
C. NOT tell the owner because he should not admit that he made an error, as he
would get in trouble with his broker
D. tell the owner because if it sells for $75,000, the commission would go up -
ANSWER-B. tell the owner that another had sold for $75,000
Broker Bob listed two properties and arranged for an exchange of the properties.
Which is true?
pg. 2
,A. this could only be done if they are both debt free
B. broker Bob would typically be due the full commission on both properties
C. the commissions would be added together and broker Bob would get one half
D. there is no commission on an exchange - ANSWER-B. broker Bob would
typically be due the full commission on both properties
One of the significant differences between an employee and an independent
contractor is that:
A. an independent contractor does not need an affiliation agreement with the
broker
B. an employer must pay an unemployment tax for each employee
C. only the independent contractor can have draws against future commissions
D. only the independent contractor has social security withheld from his or her
commission checks - ANSWER-B. an employer must pay an unemployment tax
for each employee
When a salesperson is negotiating a listing contract, she learns that the seller has an
assumable loan. Should she discuss with the seller ways to assist a buyer in
financing the property?
A. no, because if the seller's loan is assumed, the seller will always remain in a
vulnerable position
B. no, because financing part of the purchase price would place the seller in a
vulnerable position
C. yes, because every seller's equity in his/her property must be reduced to avoid
capital gains taxes
pg. 3
, D. yes, because the seller's willingness to assist in the financing by allowing the
loan to be assumed and possibly taking a second mortgage may make the property
much more marketable, which would be to the seller's benefit - ANSWER-D. yes,
because the seller's willingness to assist in the financing by allowing the loan to be
assumed and possibly taking a second mortgage may make the property much
more marketable, which would be to the seller's benefit
A real estate salesperson intends to offer for sale a tract of land he inherited
without listing it with a real estate brokerage company. Which of the following is
NOT true concerning the marketing of this property?
A. the salesperson must notify the broker in writing of his intention to sell the
property
B. in order to advertise the property, the salesperson must have his broker's written
consent to do so
C. in advertising the property, the advertisement must state, "owner is a licensed
real estate agent acting as a principal
D. the salesperson must offer the property through his broker's company. He may
not advertise the property except as a listing of his company - ANSWER-D. the
salesperson must offer the property through his broker's company. He may not
advertise the property except as a listing of his company
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
pg. 4
Fletcher Real Estate Final Practice Test 2025 with 100
Recently Tested Questions and Correct Answers
Besides the seller, who may sign a real estate listing agreement?
A. the broker only
B. any salesperson or broker
C. the broker or any salesperson with the broker's written authorization
D. the broker or an associate broker only - ANSWER-C. the broker or any
salesperson with the broker's written authorization
A property listed with one broker was bought by a buyer who worked with another
broker. The two brokers decided to split the commission. If the federal authorities
found out about this they could:
A. revoke the broker's licenses
B. suspend the broker's licenses
C. fine the brokers $1,500
D. do nothing - ANSWER-D. do nothing
If all the principals live in the same city, in which of the following cases would the
broker most likely need a power of attorney?
A. the owner of a manufacturing plant lists it with a broker
B. a buyer contracted with a broker to purchase all properties put up for sale in that
county
pg. 1
,C. a couple going through a divorce lists their property with the broker
D. the XYZ Corporation, through its Board of Directors, authorizes the broker to
sell a piece of property owned by the corporation - ANSWER-B. a buyer
contracted with a broker to purchase all properties put up for sale in that county
An owner of a large estate told a broker he did not want an open house held on this
property and wanted advertising in a national magazine only. Is this allowable?
A. yes, the seller is responsible for planning all marketing of the property
B. yes, the broker works for the seller and must follow all legal instructions of the
seller
C. no, the broker has the right to hold the house open at his own discretion
D. no, the owner cannot limit the broker's ability to earn a commission -
ANSWER-B. yes, the broker works for the seller and must follow all legal
instructions of the seller
A salesperson listed a property for $68,000. Soon thereafter, another property that
had also listed for $68,000 sold for $75,000. The salesperson should:
A. tell the owner, as he had obviously made a mistake in the estimate of market
price
B. tell the owner that another had sold for $75,000
C. NOT tell the owner because he should not admit that he made an error, as he
would get in trouble with his broker
D. tell the owner because if it sells for $75,000, the commission would go up -
ANSWER-B. tell the owner that another had sold for $75,000
Broker Bob listed two properties and arranged for an exchange of the properties.
Which is true?
pg. 2
,A. this could only be done if they are both debt free
B. broker Bob would typically be due the full commission on both properties
C. the commissions would be added together and broker Bob would get one half
D. there is no commission on an exchange - ANSWER-B. broker Bob would
typically be due the full commission on both properties
One of the significant differences between an employee and an independent
contractor is that:
A. an independent contractor does not need an affiliation agreement with the
broker
B. an employer must pay an unemployment tax for each employee
C. only the independent contractor can have draws against future commissions
D. only the independent contractor has social security withheld from his or her
commission checks - ANSWER-B. an employer must pay an unemployment tax
for each employee
When a salesperson is negotiating a listing contract, she learns that the seller has an
assumable loan. Should she discuss with the seller ways to assist a buyer in
financing the property?
A. no, because if the seller's loan is assumed, the seller will always remain in a
vulnerable position
B. no, because financing part of the purchase price would place the seller in a
vulnerable position
C. yes, because every seller's equity in his/her property must be reduced to avoid
capital gains taxes
pg. 3
, D. yes, because the seller's willingness to assist in the financing by allowing the
loan to be assumed and possibly taking a second mortgage may make the property
much more marketable, which would be to the seller's benefit - ANSWER-D. yes,
because the seller's willingness to assist in the financing by allowing the loan to be
assumed and possibly taking a second mortgage may make the property much
more marketable, which would be to the seller's benefit
A real estate salesperson intends to offer for sale a tract of land he inherited
without listing it with a real estate brokerage company. Which of the following is
NOT true concerning the marketing of this property?
A. the salesperson must notify the broker in writing of his intention to sell the
property
B. in order to advertise the property, the salesperson must have his broker's written
consent to do so
C. in advertising the property, the advertisement must state, "owner is a licensed
real estate agent acting as a principal
D. the salesperson must offer the property through his broker's company. He may
not advertise the property except as a listing of his company - ANSWER-D. the
salesperson must offer the property through his broker's company. He may not
advertise the property except as a listing of his company
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
pg. 4
