Barney Fletcher Exam 3
Actual Exam Questions with Verified Answers / Latest 2025
1. A listing agent is not responsible for which of the following?
A. procuring a ready, willing, and able buyer
B. making sure that the title to the property is clear
C. obeying all legal instructions from the principal
D. advertising in a proper manner
B. making sure that the title to the property is clear
2. After listing a home with a broker, a seller told the broker not to
disclose a major structural defect in the home. What should the broker
do?
A. tell buyers only if they ask
B. not tell prospective buyers because of the fiduciary duty to the
seller
C. not tell prospective buyers because that is the responsibility of
the seller
D. none of the above
D. none of the above
3. Which is an agent?
A. principal
B. attorney in fact
C. employee at MLS
D. client to customer:
B. attorney in fact
4. An agent, in showing a property to a third party, must be careful to
avoid:
A. showing known defects in a property
, B. giving information that could be used to determine taxes
C. giving information that could be easily misconstrued by the buyer
D. showing properties in areas with diverse ethnic groups:
C. giving information that could be easily misconstrued by the buyer
5. A broker desired to charge a flat fee to all sellers so she would
collect the same amount for her work, regardless of the list price of the
home. She could do this:
A. if she applied to the real estate commission for approval
B. if there was a history of this in her area
C. only if she showed the seller the flat fee versus a percentage of
the list price
D. if both parties agreed:
D. if both parties agreed
6. What type of agent is a broker to an owner of an apartment building
in managing the property?
A. special agent
B. attorney in fact
C. general agent
D. universal agent:
C. general agent
7. The value of a property was $125,000 but listed with a broker for
$145,000. The seller told the broker he would take $115,000. The broker
told this information to a buyer who promptly offered $117,000, which
the seller accepted. If the seller found out about this, what could the
seller do?
A. refuse to pay the broker the commission as the broker violated
his obligation
B. sue and collect damages from the buyer
Actual Exam Questions with Verified Answers / Latest 2025
1. A listing agent is not responsible for which of the following?
A. procuring a ready, willing, and able buyer
B. making sure that the title to the property is clear
C. obeying all legal instructions from the principal
D. advertising in a proper manner
B. making sure that the title to the property is clear
2. After listing a home with a broker, a seller told the broker not to
disclose a major structural defect in the home. What should the broker
do?
A. tell buyers only if they ask
B. not tell prospective buyers because of the fiduciary duty to the
seller
C. not tell prospective buyers because that is the responsibility of
the seller
D. none of the above
D. none of the above
3. Which is an agent?
A. principal
B. attorney in fact
C. employee at MLS
D. client to customer:
B. attorney in fact
4. An agent, in showing a property to a third party, must be careful to
avoid:
A. showing known defects in a property
, B. giving information that could be used to determine taxes
C. giving information that could be easily misconstrued by the buyer
D. showing properties in areas with diverse ethnic groups:
C. giving information that could be easily misconstrued by the buyer
5. A broker desired to charge a flat fee to all sellers so she would
collect the same amount for her work, regardless of the list price of the
home. She could do this:
A. if she applied to the real estate commission for approval
B. if there was a history of this in her area
C. only if she showed the seller the flat fee versus a percentage of
the list price
D. if both parties agreed:
D. if both parties agreed
6. What type of agent is a broker to an owner of an apartment building
in managing the property?
A. special agent
B. attorney in fact
C. general agent
D. universal agent:
C. general agent
7. The value of a property was $125,000 but listed with a broker for
$145,000. The seller told the broker he would take $115,000. The broker
told this information to a buyer who promptly offered $117,000, which
the seller accepted. If the seller found out about this, what could the
seller do?
A. refuse to pay the broker the commission as the broker violated
his obligation
B. sue and collect damages from the buyer
