BARNEY FLETCHER REAL ESTATE FINAL PAPER
2026 QUESTIONS WITH ANSWERS GRADED
A+
◉Referrals are from broker to broker (licensee to licensee) . Answer:
True
◉The secondary mortgage market is used for what? . Answer: loans are
bought and sold... provides liquidity for the primary market
◉Accrued interest is the sellers interest since his last payment . Answer:
True
◉In a cooperative type of ownership, the unit dweller does not get an
individual tax bill . Answer: True
◉Multiple tenants in same shopping center who are not forced to move
in a foreclosure must have had what type of clause? . Answer: Non-
disturbance clause in the deed/mortgage
◉Local rents are mostly affected by what? . Answer: Local supply and
demand in the area
,◉A partial release clause is found in what kind of mortgage? . Answer:
A blanket mortgage for a developer to sell off one lot at a time
◉If a seller sues a buyer who walks after buyer's remorse, the seller will
likely only receive what as liquidated damages? . Answer: Earnest
money
◉Three options for trust accounts when an agent sells their own home .
Answer: Own broker, a deferent broker, or open their own account
◉Sara buys her own listing but never tells the seller that she is the actual
buyer, this is? . Answer: Unfair trade practice and illegal
◉A buyer buys a property that is landlocked including an easement for
access, the easement is never recorded? . Answer: it is
necessary/appurtenant
◉When the buyer goes to resell years later, does he have a transferable
easement? . Answer: yes, its appurtenant
◉The use of borrowed funds to make an investment is the definition of?
. Answer: Leverage
, ◉No one with a license or relative of a license can ever collect from? .
Answer: REERR
◉Joint tenants cannot will their interest . Answer: True
◉What laws are covered under the Sherman Anti-Trust laws? . Answer:
Tie-ins
◉Appurtenances are to include rights of ownership and improvements .
Answer: True
◉Under BRRETA you must disclose what? . Answer: The facts you
personally have knowledge of as the agent
◉How many sq ft are in an acre and a mile . Answer: 43,560 in an acre
and 5280 in a mile
◉Steering is part of which regulation/Law? . Answer: is the practice of
influencing a buyer's choice of communities based upon one of the
protected characteristics under the Fair Housing Act
◉Couple rents for 1 year with no mention of to terminate in the lease.
They move out and the landlord sues for 1 months rent since they did
not give notice. . Answer: Not required since not in the lease, couple
wins
2026 QUESTIONS WITH ANSWERS GRADED
A+
◉Referrals are from broker to broker (licensee to licensee) . Answer:
True
◉The secondary mortgage market is used for what? . Answer: loans are
bought and sold... provides liquidity for the primary market
◉Accrued interest is the sellers interest since his last payment . Answer:
True
◉In a cooperative type of ownership, the unit dweller does not get an
individual tax bill . Answer: True
◉Multiple tenants in same shopping center who are not forced to move
in a foreclosure must have had what type of clause? . Answer: Non-
disturbance clause in the deed/mortgage
◉Local rents are mostly affected by what? . Answer: Local supply and
demand in the area
,◉A partial release clause is found in what kind of mortgage? . Answer:
A blanket mortgage for a developer to sell off one lot at a time
◉If a seller sues a buyer who walks after buyer's remorse, the seller will
likely only receive what as liquidated damages? . Answer: Earnest
money
◉Three options for trust accounts when an agent sells their own home .
Answer: Own broker, a deferent broker, or open their own account
◉Sara buys her own listing but never tells the seller that she is the actual
buyer, this is? . Answer: Unfair trade practice and illegal
◉A buyer buys a property that is landlocked including an easement for
access, the easement is never recorded? . Answer: it is
necessary/appurtenant
◉When the buyer goes to resell years later, does he have a transferable
easement? . Answer: yes, its appurtenant
◉The use of borrowed funds to make an investment is the definition of?
. Answer: Leverage
, ◉No one with a license or relative of a license can ever collect from? .
Answer: REERR
◉Joint tenants cannot will their interest . Answer: True
◉What laws are covered under the Sherman Anti-Trust laws? . Answer:
Tie-ins
◉Appurtenances are to include rights of ownership and improvements .
Answer: True
◉Under BRRETA you must disclose what? . Answer: The facts you
personally have knowledge of as the agent
◉How many sq ft are in an acre and a mile . Answer: 43,560 in an acre
and 5280 in a mile
◉Steering is part of which regulation/Law? . Answer: is the practice of
influencing a buyer's choice of communities based upon one of the
protected characteristics under the Fair Housing Act
◉Couple rents for 1 year with no mention of to terminate in the lease.
They move out and the landlord sues for 1 months rent since they did
not give notice. . Answer: Not required since not in the lease, couple
wins
