Real Estate U Final Exam 2 (2026|2027) Questions with Detailed
Verified Answers (100% Correct Answers) | Already Graded A+
Mr. Jones, a Realtor with XYZ Realty showed Mr. Smith's listing. Mr. Smith is with ABC Realty. Mr.
Jones asked Mr. Smith to deliver a Residential Property and Owners' Association Disclosure. Mr.
Smith told Mr. Jones that the seller refused to fill out the form. Two days later, the buyer
notified Mr. Jones and Mr. Smith that he was backing out on the deal. He demanded a refund of
his earnest money deposit and his due diligence fee. Which of the following is true? - Answer -
All money must be returned.
John, a South Carolina real estate broker, was showing some clients some rental units in
Landrum, South Carolina. They expressed an interest in a motel that was just across the state
line in Tryon, North Carolina. The South Carolina broker called his friend, a Realtor in Tryon,
North Carolina. They agreed to meet at the liquor store on the South Carolina side of the state
line. They met. John introduced his clients to the North Carolina Realtor. John and the North
Carolina Realtor agreed to split any commission earned fifty-fifty. The North Carolina Realtor did
not sell the motel to the new clients. He took them over to the other side of town and sold
them a twelve unit rental property. When they got back to the liquor store, John was sitting on
the front porch smoking a cigar. Which of the following is true? - Answer -John is entitled to half
the commission on the twelve-unit building.
Susan, a real estate broker, accepted a cash deposit for earnest money with an offer from a
buyer. When must this money be deposited in the bank? - Answer -within three banking days of
receipt of the cash
Andrew, a Realtor working at ABC Realty, is working with a very picky buyer, the Jones, This
buyer has signed the agency agreement and given ABC Realty the option to act as a dual agent.
Andrew has shown the Jones 54 houses. They are all too expensive or too small or too chopped
up or too open or too old or too far away. Finally, Andrew finds the perfect house for the Jones.
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, It is listed with ABC Realty. The seller has given ABC permission to act as a dual agent. Andrew
shows the house to his clients, the Jones. Robert, also a broker at ABC Realty, works with the
sellers. Which of the following is correct? - Answer -ABC Realty is a dual agent
Which of the following is an example of willful misrepresentation? - Answer -All of the above
are classic examples of willful misrepresentation.
A "Working with Real Estate Agents" brochure must be explained to a buyer or seller...? -
Answer -at first substantial contact with the buyer or seller
John is a real estate broker in North Carolina. John spends three months every year in Florida.
Last year on New Year's Eve, John was arrested for Driving While Intoxicated. Is it necessary for
John to report this incident to the North Carolina Real Estate Commission? - Answer -Yes, John is
required to report his conviction within sixty days of his conviction.
XYZ Home Builders notified the local association of Realtors that if any one Realtor sold three
homes in XYZ Estates, that Realtor would receive a $4000 bonus on their third sale in XYZ
estates. Which of the following is true? - Answer -That Realtor must disclose this bonus to the
potential third buyer before the property is shown.
When performing a CMA or BPO a real estate broker...? - Answer -can report the suggested
price as a range.
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Verified Answers (100% Correct Answers) | Already Graded A+
Mr. Jones, a Realtor with XYZ Realty showed Mr. Smith's listing. Mr. Smith is with ABC Realty. Mr.
Jones asked Mr. Smith to deliver a Residential Property and Owners' Association Disclosure. Mr.
Smith told Mr. Jones that the seller refused to fill out the form. Two days later, the buyer
notified Mr. Jones and Mr. Smith that he was backing out on the deal. He demanded a refund of
his earnest money deposit and his due diligence fee. Which of the following is true? - Answer -
All money must be returned.
John, a South Carolina real estate broker, was showing some clients some rental units in
Landrum, South Carolina. They expressed an interest in a motel that was just across the state
line in Tryon, North Carolina. The South Carolina broker called his friend, a Realtor in Tryon,
North Carolina. They agreed to meet at the liquor store on the South Carolina side of the state
line. They met. John introduced his clients to the North Carolina Realtor. John and the North
Carolina Realtor agreed to split any commission earned fifty-fifty. The North Carolina Realtor did
not sell the motel to the new clients. He took them over to the other side of town and sold
them a twelve unit rental property. When they got back to the liquor store, John was sitting on
the front porch smoking a cigar. Which of the following is true? - Answer -John is entitled to half
the commission on the twelve-unit building.
Susan, a real estate broker, accepted a cash deposit for earnest money with an offer from a
buyer. When must this money be deposited in the bank? - Answer -within three banking days of
receipt of the cash
Andrew, a Realtor working at ABC Realty, is working with a very picky buyer, the Jones, This
buyer has signed the agency agreement and given ABC Realty the option to act as a dual agent.
Andrew has shown the Jones 54 houses. They are all too expensive or too small or too chopped
up or too open or too old or too far away. Finally, Andrew finds the perfect house for the Jones.
1|Page
, It is listed with ABC Realty. The seller has given ABC permission to act as a dual agent. Andrew
shows the house to his clients, the Jones. Robert, also a broker at ABC Realty, works with the
sellers. Which of the following is correct? - Answer -ABC Realty is a dual agent
Which of the following is an example of willful misrepresentation? - Answer -All of the above
are classic examples of willful misrepresentation.
A "Working with Real Estate Agents" brochure must be explained to a buyer or seller...? -
Answer -at first substantial contact with the buyer or seller
John is a real estate broker in North Carolina. John spends three months every year in Florida.
Last year on New Year's Eve, John was arrested for Driving While Intoxicated. Is it necessary for
John to report this incident to the North Carolina Real Estate Commission? - Answer -Yes, John is
required to report his conviction within sixty days of his conviction.
XYZ Home Builders notified the local association of Realtors that if any one Realtor sold three
homes in XYZ Estates, that Realtor would receive a $4000 bonus on their third sale in XYZ
estates. Which of the following is true? - Answer -That Realtor must disclose this bonus to the
potential third buyer before the property is shown.
When performing a CMA or BPO a real estate broker...? - Answer -can report the suggested
price as a range.
2|Page
