REAL ESTATE 30 HOUR FINAL EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS
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REAL ESTATE
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REAL ESTATE
REAL ESTATE 30 HOUR FINAL EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS
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| Uploaded on: | June 22, 2025 |
| Last updated: | June 22, 2025 |
| Number of pages: | 112 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | REAL ESTATE 30 HOUR FINAL EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS |
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REAL ESTATE 30 HOUR FINAL EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Pete is a sole proprietor broker and has six salespeople who he employs. On June 9th, Pete is killed in a car accident. Tom is one of the salespeople and his listing is set to close on June 20th. What will happen to the proposed closing? A). Nothing will happen. Business will go on as usual with the salespeople in charge until a new broker is found. B). The estate will notify the Commission within 15 days of death and tell the Commission that a new termination broker has been found. The closing will continue. C). The seller will have to cancel the listing and lose the sale since the broker died. D). The buyer will have to wait for closing until a new listing of the property happens when a new broker is found and the seller signs a new listing with the new broker. - Answer -B
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