Superior School of Real Estate Final Latest Update 2025-2026 Exam 110 Questions with 100% Verified Correct Answers Guaranteed A+
A broker engaging in property management is generally tasked by the property owner
with - CORRECT ANSWER: instituting legal actions against tenants.
A broker is aware that the public road in front of her listing is scheduled to be widened to a four-lane divided
highway next year. The listing agent - CORRECT ANSWER: must volunteer the
information to all prospective buyers
A broker is preparing a comparative market analysis (CMA) for a subject property with 3200 square feet. A comparable property has 2750 square feet. The estimated value of 450 additional square feet is $22,500. The broker should... - CORRECT ANSWER: Add $22,500 to the sales price of the comparable property.
A broker may be subject to disciplinary action by the Commission in which of the
following situations? - CORRECT ANSWER: The unlicensed assistant of a broker
shows one of the broker's many listings to a prospective buyer.
A broker obtains an exclusive right to sell listing for her real estate company. What is the agency relationship between the owner of the listed property and all the brokers that work for the listing
company? - CORRECT ANSWER: Seller subagency
A buyer agent must disclose to the seller or the seller's agent that the broker represents the buyer - CORRECT ANSWER: at the buyer agent's initial contact with the seller or seller's agent.
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A buyer has contracted to purchase a home for $275,000. The buyer paid a $4,000 earnest money deposit and the sale will close on March 30. The buyer has already received loan approval for an 80% loan-to-value conventional loan. The lender is charging the borrower a 1% loan origination fee and ½ discount point. The lender is requiring the borrower to deposit 7 months of real property taxes and 2 months of homeowner insurance premium into an escrow account at settlement. The homeowner insurance premium for the first year is $864 and is to be paid at settlement. Real property taxes for the year total $3635 and have not been paid for the current year. For prorations, use a 30-day month/360-day year and assume the seller owns the day of settlement. Additional closing expenses for the buyer total $1500. What is the net amount that the buyer will
owe at settlement, rounded to the nearest dollar? - CORRECT ANSWER: 59,837
A buyer is under contract to purchase a home for $275,000 and has qualified for an 85% loan-to-value mortgage loan. How much will the monthly principal and interest payment be, using a loan factor of 6.32 per $1000
borrowed? - CORRECT ANSWER: $1.477.30
A buyer is under contract to purchase a home for $370,000 and has qualified for an 80% loan-to-value mortgage loan at an annual interest rate of 45%. How much will the buyer owe for the 1% loan origination fee and 1 1/2 discount points associated with this
loan package? - CORRECT ANSWER: $7,400
A buyer who is Muslim instructs the broker to show the buyer properties that are located in neighborhoods that have a higher number of Muslim residents. If the broker complies 2 / 3
with this client's instructions the broker will be in... - CORRECT ANSWER: Compliance with the Civil Rights Act of 1866, but in violation of the Federal Fair Housing Act.
A buyer's agent hand-delivers a signed offer to the listing agent with a different real estate firm. When the listing agent presents the offer to the seller in person, the seller strikes through the proposed purchase price and enters a higher number, initials the change, signs the offer, and hands the offer back to the listing agent.The listing agent delivers the signed offer to the buyer agent's firm. The buyer's agent scans and emails the document to the buyer, pointing out the price change. The buyer initials the change and emails the document back to the buyer's agent. The buyer's agent calls to inform the listing agent that the buyer has initialed the price change. The listing agent notifies the seller later that day of the buyer's acceptance. A binding contract was created when - CORRECT ANSWER: the buyer's agent told the listing agent that the buyer had initialed the change
A buyer's agent owes which of the following duties to the buyer? - CORRECT
ANSWER: Performing a comparative market analysis before an offer
A buyer's agent will keep 65% of her firms earn commission split. The sales price of the property is $876,000. If the listing firm is offering a 50/50 split of the 5.5% commission to
the selling firm how much will the buyers agent receive? - CORRECT ANSWER:
$15,658.
A commercial lot in the city is located in the middle of an area zoned for office use only.City zoning requirements limit construction to one story in height and dictate a minimum number of parking spaces based
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