POST LICENSE COURSE BARNEY

POST LICENSE COURSE (BARNEY

FLETCHER) LATEST EXAM 2024 WITH

300 REAL EXAM QUESTIONS AND 100%

CORRECT VERIFIED ANSWERS

GRADED A(NEW!!)

If a dark-skinned African-American refused to rent an apartment house to a lighter-

skinned African-American, that would be considered:

Select one:

• Discrimination on the basis of race only;
• Discrimination on the basis of color only;
• Discrimination on the basis of both race and color;
• Not to be a violation of the Fair Housing Act.
• Discrimination on the basis of color only;

Fred and Wilma gave a listing contract to Broker Bob to sell their home and both signed the contract. Prior to receiving any offers, Fred died in an unfortunate bowling accident. What is the effect of Fred's death on the listing contract?

Select one:

• The contract remains in effect.
• The contract would be automatically terminated by law.
• The contract would be in default.
• The contract would only be enforceable in a community property state.
• The contract remains in effect.

A broker has the buyer's earnest money deposit deposited in an escrow account.

The economic rent of a property or a unit is also known as the:

Select one:

• Market rent.
• Contract rent.
• Actual rent.
• Statutory rent. 1 / 4

• Market rent.

The most common type of industrial property in the United States is:

Select one:

• Distribution centers;
• Warehouses;
• Light industrial;
• Flex buildings.

Feedback The most common type of industrial property in the United States is light industrial.

The correct answer is: Light industrial;

• Light industrial;

A subject property has 1,500 square feet of living space. A nearby comparable sale has 1,650 square feet of living space. The appropriate adjustment would be $5,000.

This adjustment would be:

Select one:

• Added to the sale price of the subject property.
• Subtracted from the sale price of the subject property.
• Added to the sale price of the comparable sale.
• Subtracted from the sale price of the comparable sale.
• Subtracted from the sale price of the comparable sale.

After an appraiser has made the appropriate adjustments when using the sales

comparison approach, the appraiser will:

Select one:

• Reconcile the indicated values.
• Average the indicated values.
• Stabilize the indicated values.
• Find the mean of the indicated values.
• Reconcile the indicated values.

The amount of the deposit exceeds the amount of the broker's commission for the

sale. The broker may remove his commission on this sale ONLY:

Select one:

• When the buyer moves into the property.
• When the seller moves out of the property. 2 / 4

• When the closing is completed.
• Whenever the seller says it is ok to do so.
• When the closing is completed.

When legal dual agency exists, the agent is required to maintain the confidences

of:

Select one:

• The buyer only.
• Both the seller and the buyer.
• The seller only.
• Neither the buyer nor the seller.
• Both the seller and the buyer.

Funds in the escrow account may be dispersed for any of the following reasons

EXCEPT when:

Select one:

• All principals to the transaction agree in writing to the disposition.
• A court orders disbursement of the funds.
• The seller demands forfeiture of the earnest money deposit.
• The transaction is consummated.
• The seller demands forfeiture of the earnest money deposit.

The death of a seller would terminate which of the following contracts?

Select one:

• A purchase contract.
• A listing contract.
• Both of the above.
• None of the above.
• A listing contract

A broker could return the buyer's deposit from the escrow account back to the buyer in which of the following cases?

Select one:

• The offer expired without any acceptance by the seller.
• The seller rejected the buyer's offer.
• The transaction was cancelled because of the buyer's inability to meet the 3 / 4

financing contingency and the seller consented to returning the deposit.

• Each of the above.
• Each of the above.

The maximum fine for an individual for a violation of the Sherman Antitrust Act

is:

Select one:

• $0, since individuals are not subject to the Act - only companies are subject to

the Act.

• $250,000.
• $500,000.
• $1,000,000
• $1,000,000

Who is required to comply with the Civil Rights Act of 1866?

• Everyone, without exception.

Larry Licensee runs an ad for one of his listings. The ad contains the phrase

"nearby St. Andrew Roman Catholic Church." This would be considered:

• Acceptable advertising if true;

A disparate impact case has gone to trial. The plaintiffs have shown that a particular policy has had a disparate impact on a particular protected class.However, the defendant has shown that the policy serves a legitimate business necessity. What will be the next step?

• The plaintiff will have to show that other policies might have served the same

business necessity with less disparate impact on protected classes; Adeline is selling her own home as a For Sale By Owner (FSBO). On Sunday, a full price offer is made by an Asian couple. Adeline refuses the offer made by the couple. On Monday, Adeline accepts an offer, $4000 below the asking price from a Caucasian family. Has Adeline violated any laws and if so which one?Adeline has violated the Civil Rights Act of 1866; One of the recent emerging issues in Fair Housing complaints has been the issue of excluding applicants on the basis of having a record of criminal convictions. Why is this the case?

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