National Final Exam ACTUAL
QUESTIONS AND CORRECT ANSWERS
All of the following are examples of anti-trust violations EXCEPT:
(A) price fixing
(B) group boycotting
(C) allocation of customers
(D) unbundling of services - CORRECT ANSWER D
The type of loan in which graduating payments in order to pay off the loan sooner might
contain the following language:
(A) an acceleration clause
(B) alienation clause
(C) an escalation clause
(D) defeasance clause - CORRECT ANSWER C
When leased premises reach a physical condition such that the tenant is unable to occupy
them for the purpose intended, the situation is legally recognized as a (n):
(A) constructive eviction
(B) tenancy at sufferance
(C) actual eviction
(D) passive eviction - CORRECT ANSWER D
A salesperson serving the needs of a buyer with a signed buyer agency contract may be
compensated for their services by:
(A) the seller
, (B) the buyer
(C) the broker
(D) the title company - CORRECT ANSWER C
Normally, when there are a lot of homes available:
(A) home prices increase
(B) home prices decrease
(C) demand increases
(D) demand decreases - CORRECT ANSWER B
Which of the following acts of discrimination would violate the 1866 Civil Rights Act?
(A) A landlord refuses to rent an apartment to an unmarried couple.
(B) A landlord refuses to rent an apartment to a blind couple.
(C) A man refuses to sell his business to someone of another race.
(D) A woman will only rent her studio apartments to single women. - CORRECT
ANSWER C
Provided no law is broken, confidentiality to a client includes:
(A) any information the client has instructed the agent to keep confidential.
(B) anything personal about the client.
(C) any information that would harm the negotiating position of the client.
(D) All of these. - CORRECT ANSWER D
To which of the following would you give a public offering statement?
(A) the buyer
QUESTIONS AND CORRECT ANSWERS
All of the following are examples of anti-trust violations EXCEPT:
(A) price fixing
(B) group boycotting
(C) allocation of customers
(D) unbundling of services - CORRECT ANSWER D
The type of loan in which graduating payments in order to pay off the loan sooner might
contain the following language:
(A) an acceleration clause
(B) alienation clause
(C) an escalation clause
(D) defeasance clause - CORRECT ANSWER C
When leased premises reach a physical condition such that the tenant is unable to occupy
them for the purpose intended, the situation is legally recognized as a (n):
(A) constructive eviction
(B) tenancy at sufferance
(C) actual eviction
(D) passive eviction - CORRECT ANSWER D
A salesperson serving the needs of a buyer with a signed buyer agency contract may be
compensated for their services by:
(A) the seller
, (B) the buyer
(C) the broker
(D) the title company - CORRECT ANSWER C
Normally, when there are a lot of homes available:
(A) home prices increase
(B) home prices decrease
(C) demand increases
(D) demand decreases - CORRECT ANSWER B
Which of the following acts of discrimination would violate the 1866 Civil Rights Act?
(A) A landlord refuses to rent an apartment to an unmarried couple.
(B) A landlord refuses to rent an apartment to a blind couple.
(C) A man refuses to sell his business to someone of another race.
(D) A woman will only rent her studio apartments to single women. - CORRECT
ANSWER C
Provided no law is broken, confidentiality to a client includes:
(A) any information the client has instructed the agent to keep confidential.
(B) anything personal about the client.
(C) any information that would harm the negotiating position of the client.
(D) All of these. - CORRECT ANSWER D
To which of the following would you give a public offering statement?
(A) the buyer
