BARNEY FLETCHER CRAM FINAL EXAM
WITH QUESTIONS AND CORRECT
ANSWERS GRADED A+|| 2025-2026 ACTUAL
EXAM.
Sue acquires an option to buy a tract of land from Pete. which of
the following is NOT true?
A. Sue is the optionee and Pete is the optionor
B. the property may be purchased at the discretion of the
optionee
C. Pete may not diminish the value of the property (waste) during
the period the option is in effect
D. Pete may not sell the property to anyone else during the period
the option is in effect Correct Answer D. Pete may not sell the
property to anyone else during the period the option is in
effect
The contract signed between a buyer and a broker is called?
A. listing contract
B. buyer's brokerage agreement
,C. listing agreement
D. buyer's relationship Correct Answer B. buyer's brokerage
agreement
Typically in Georgia, the agent representing the seller is called?
A. the selling agent
B. the listing agent
C. the sub agent
D. the listing broker Correct Answer D. the listing broker
Which documents must be in writing to be enforceable according
to the statute of frauds?
A. leases over a year old
B. real estate sales contracts
C. deeds
D. all of the above Correct Answer D. all of the above
Seller Jane negotiates a sales contract with buyer Bill, but before
signing the contract, she contacts buyer Mike to see if he wants to
buy it before Bill does. Mike probably had:
,A. an option
B. a right of first refusal
C. a listing agreement
D. both B and C Correct Answer B. a right of first refusal
Which of the following actions is the Georgia Real Estate
Commission (GREC) authorized to carry out through the
provisions of the Georgia Real Estate Law?
A. fine an individual up to $5,000 operating in the capacity of a
broker, without a license
B. fine a broker up to $1,000 for multiple violations
C. fine a licensee up to $5,000 for one conviction of moral
turpitude
D. refuse to issue a license to an applicant who falsified an
application Correct Answer D. refuse to issue a license to an
applicant who falsified an application
In dual agency, the consent form must contain all of the following
except?
A. a lot and block legal description of the property
B. a statement that the client does not have to consent to the dual
agency
, C. a statement that the agent will disclose all adverse known
material facts
D. a statement that the agent will disclose any material
relationships Correct Answer A. a lot and block legal
description of the property
A man had rented a place to live but had stayed beyond his lease
without the owner's consent. This would be:
A. an estate at sufferance
B. an estate at will
C. a periodic tenancy
D. a tenancy for years Correct Answer A. an estate at
sufferance
Which would require compensation to be paid?
A. police power
B. condemnation
C. escheat
D. encumbrance Correct Answer B. condemnation
Which is true about personal property?
WITH QUESTIONS AND CORRECT
ANSWERS GRADED A+|| 2025-2026 ACTUAL
EXAM.
Sue acquires an option to buy a tract of land from Pete. which of
the following is NOT true?
A. Sue is the optionee and Pete is the optionor
B. the property may be purchased at the discretion of the
optionee
C. Pete may not diminish the value of the property (waste) during
the period the option is in effect
D. Pete may not sell the property to anyone else during the period
the option is in effect Correct Answer D. Pete may not sell the
property to anyone else during the period the option is in
effect
The contract signed between a buyer and a broker is called?
A. listing contract
B. buyer's brokerage agreement
,C. listing agreement
D. buyer's relationship Correct Answer B. buyer's brokerage
agreement
Typically in Georgia, the agent representing the seller is called?
A. the selling agent
B. the listing agent
C. the sub agent
D. the listing broker Correct Answer D. the listing broker
Which documents must be in writing to be enforceable according
to the statute of frauds?
A. leases over a year old
B. real estate sales contracts
C. deeds
D. all of the above Correct Answer D. all of the above
Seller Jane negotiates a sales contract with buyer Bill, but before
signing the contract, she contacts buyer Mike to see if he wants to
buy it before Bill does. Mike probably had:
,A. an option
B. a right of first refusal
C. a listing agreement
D. both B and C Correct Answer B. a right of first refusal
Which of the following actions is the Georgia Real Estate
Commission (GREC) authorized to carry out through the
provisions of the Georgia Real Estate Law?
A. fine an individual up to $5,000 operating in the capacity of a
broker, without a license
B. fine a broker up to $1,000 for multiple violations
C. fine a licensee up to $5,000 for one conviction of moral
turpitude
D. refuse to issue a license to an applicant who falsified an
application Correct Answer D. refuse to issue a license to an
applicant who falsified an application
In dual agency, the consent form must contain all of the following
except?
A. a lot and block legal description of the property
B. a statement that the client does not have to consent to the dual
agency
, C. a statement that the agent will disclose all adverse known
material facts
D. a statement that the agent will disclose any material
relationships Correct Answer A. a lot and block legal
description of the property
A man had rented a place to live but had stayed beyond his lease
without the owner's consent. This would be:
A. an estate at sufferance
B. an estate at will
C. a periodic tenancy
D. a tenancy for years Correct Answer A. an estate at
sufferance
Which would require compensation to be paid?
A. police power
B. condemnation
C. escheat
D. encumbrance Correct Answer B. condemnation
Which is true about personal property?
