BarneymFletchermFinalmExa
mm(ACTUALm2025)mmQue
stions
withm100%mVERIFIED
CorrectmAnswers
,Onemofmthemsignificantmdifferencesmbetweenmanme
mployeemandmanmindependentmcontractormismthat:
A. anmindependentmcontractormdoesmnotmn
eedmanmaffiliationmagreementmwithmthemb
roker
B. anmemployermmustmpaymanmunemploymentmtax
mformeachmemployee
C. onlymthemindependentmcontractormcanmhave
mdrawsmagainstmfuturemcommissions
D. onlymthemindependentmcontractormhasmsocial
msecuritymwithheldmfrommhismormhermcommissio
nmchecksm-
<<<Answers>>>B.manmemployermmustmpaymanmun
employmentmtaxmformeachmemployee
Whenmamsalespersonmismnegotiatingmamlistingmcon
tract,mshemlearnsmthatmthemsellermhasmanmassuma
blemloan.mShouldmshemdiscussmwithmthemsellermw
aysmtomassistmambuyerminmfinancingmthemproperty
?
A. no,mbecausemifmthemseller'smloanmismassumed,
mthemsellermwillmalwaysmremainminmamvulnerable
mposition
B. no,mbecausemfinancingmpartmofmthempurch
asempricemwouldmplacemthemsellerminmamvul
,nerablemposition
, C. yes,mbecausemeverymseller'smequityminmhis/her
mpropertymmustmbemreducedmtomavoidmcapitalm
gainsmtaxes
D. yes,mbecausemthemseller'smwillingnessmtomassist
minmthemfinancingmbymallowingmthemloanmtombe
massumedmandmpossiblymtakingmamsecondmmortg
agemmaymmakemthempropertymmuchmmoremmarke
table,mwhichmwouldmbemtomthemseller'smbenefitm-
m<<<Answers>>>D.myes,mbecausemthemseller'smwi
llingnessmtomassistminmthemfinancingmbymallowing
mthemloanmtombemassumedmandmpossiblymtaking
mamsecondmmortgagemmaymmakemthempropertym
muchmmoremmarketable,mwhichmwouldmbemtomth
emseller'smbenefit
WhenmobtainingmanmFHAmloan,mwhichmgenerallymh
appens?
A. anmFHAmapprovedmappraisermappraisesmthemprop
erty
B. FHAmmakesmthemloansmdirectlymtomthemborrower
C. themborrowermmakesmthemdownmpaymentmdirect
lymtomthemFHA
D. nonemofmthemabovem-
m<<<Answers>>>A.manmFHAmapprovedmappr
aisermappraisesmthemproperty
Themcontractmsignedmbetweenmambuyermandmambr
okermismcalled?
mm(ACTUALm2025)mmQue
stions
withm100%mVERIFIED
CorrectmAnswers
,Onemofmthemsignificantmdifferencesmbetweenmanme
mployeemandmanmindependentmcontractormismthat:
A. anmindependentmcontractormdoesmnotmn
eedmanmaffiliationmagreementmwithmthemb
roker
B. anmemployermmustmpaymanmunemploymentmtax
mformeachmemployee
C. onlymthemindependentmcontractormcanmhave
mdrawsmagainstmfuturemcommissions
D. onlymthemindependentmcontractormhasmsocial
msecuritymwithheldmfrommhismormhermcommissio
nmchecksm-
<<<Answers>>>B.manmemployermmustmpaymanmun
employmentmtaxmformeachmemployee
Whenmamsalespersonmismnegotiatingmamlistingmcon
tract,mshemlearnsmthatmthemsellermhasmanmassuma
blemloan.mShouldmshemdiscussmwithmthemsellermw
aysmtomassistmambuyerminmfinancingmthemproperty
?
A. no,mbecausemifmthemseller'smloanmismassumed,
mthemsellermwillmalwaysmremainminmamvulnerable
mposition
B. no,mbecausemfinancingmpartmofmthempurch
asempricemwouldmplacemthemsellerminmamvul
,nerablemposition
, C. yes,mbecausemeverymseller'smequityminmhis/her
mpropertymmustmbemreducedmtomavoidmcapitalm
gainsmtaxes
D. yes,mbecausemthemseller'smwillingnessmtomassist
minmthemfinancingmbymallowingmthemloanmtombe
massumedmandmpossiblymtakingmamsecondmmortg
agemmaymmakemthempropertymmuchmmoremmarke
table,mwhichmwouldmbemtomthemseller'smbenefitm-
m<<<Answers>>>D.myes,mbecausemthemseller'smwi
llingnessmtomassistminmthemfinancingmbymallowing
mthemloanmtombemassumedmandmpossiblymtaking
mamsecondmmortgagemmaymmakemthempropertym
muchmmoremmarketable,mwhichmwouldmbemtomth
emseller'smbenefit
WhenmobtainingmanmFHAmloan,mwhichmgenerallymh
appens?
A. anmFHAmapprovedmappraisermappraisesmthemprop
erty
B. FHAmmakesmthemloansmdirectlymtomthemborrower
C. themborrowermmakesmthemdownmpaymentmdirect
lymtomthemFHA
D. nonemofmthemabovem-
m<<<Answers>>>A.manmFHAmapprovedmappr
aisermappraisesmthemproperty
Themcontractmsignedmbetweenmambuyermandmambr
okermismcalled?
