Real Estate License New Brunswick Real Estate Licensing Exam PDF License License New Brunswick Real Estate Licensing Exam PDF Questions Available Here at: https://www.easy-quizzz.com/ca/learners-practice-test/real-estate-license-test/new- brunswick-real-estate-licensing-exam/quiz.html Enrolling now you will get access to 700 questions in a unique set ofNew Brunswick Real Estate Licensing Exam Question 1 A salesperson wants to keep a deposit cheque in a locked desk until the buyer’s financing is approved. The problem with this plan is that Options: A. A salesperson may not receive any transaction documents B. Physical security replaces the required trust-account process C. Money received for a transaction must be promptly handled through the brokerage’s controls D. Financing conditions automatically make a cheque invalid Answer: C Explanation: Safekeeping is not merely placing a cheque in a secure drawer. The brokerage must record and process trust money through its established trust-account procedures within the required period. Question 2 The phrase “no commission to the buyer” is placed in an advertisement without explaining the arrangement or possible costs. The wording may be misleading because it: Options: A. Could create an incomplete impression about the financial obligations involved B. Is automatically a statement of property condition License License New Brunswick Real Estate Licensing Exam PDF https://www.easy-quizzz.com/ca/ C. Identifies the brokerage clearly enough by itself D. Can never be used in a real estate advertisement Answer: A Explanation: Statements about commissions and costs can affect a consumer’s decision. A simplified claim may mislead if it obscures the actual arrangement or other possible financial obligations. Question 3 A buyer asks the salesperson to change the date on an old deposit receipt so it matches the agreement. The proper response is to: Options: A. Alter the original without notation B. Preserve the original and correct the discrepancy transparently through an authorized record C. Delete the receipt and issue an undated one D. Change the date only in the trust ledger Answer: B Explanation: Records must not be backdated or altered deceptively. A correction should preserve the original information and clearly document what was corrected, when, and why. Question 4 During a regulatory investigation, a New Brunswick licensee discovers that a transaction file contains an incomplete record of a material communication. The regulator has requested the file, but has not asked the licensee to explain the gap. What is the most appropriate response? Options: A. Complete the file from memory before providing it, so the regulator receives a coherent record. B. Preserve the file as it exists, provide the requested records through the appropriate channel, and accurately disclose the known gap. C. Withhold the entire file until the regulator identifies the missing communication and explains its relevance. D. Provide only the records that support the licensee’s account, keeping inconsistent material for a later response. Answer: B License License New Brunswick Real Estate Licensing Exam PDF https://www.easy-quizzz.com/ca/ Explanation: An investigation calls for accurate, transparent handling of relevant records, not a file revised to appear complete or a selective submission. Preserving the existing file helps maintain its integrity; disclosing the known gap avoids creating a misleading impression. The request does not justify withholding unrelated portions of the requested file or deciding unilaterally to omit material that may be relevant. If clarification about scope or handling is needed, the licensee can seek it without altering the records. Question 5 A seller’s signed listing agreement expires at 11:59 p.m. on Friday. On Thursday, the seller tells the salesperson by phone, “You can keep marketing it next week,” but no amendment or renewal is signed. The salesperson plans to continue advertising and arranging showings after Friday. What is the appropriate step? Options: A. Continue marketing because the seller’s verbal instruction confirms the original terms. B. Continue arranging showings but pause advertising until the seller signs a new listing. C. Obtain a written, signed extension or new listing agreement before acting under authority beyond the stated expiry. D. Treat the agreement as extended because the seller gave permission before the expiry date. Answer: C Explanation: The expiry date limits the period for which the brokerage has authority under the listing agreement. A seller’s verbal permission does not document a change to that written term. Before continuing to market or otherwise act as the seller’s listing representative after expiry, the parties should put the extension or new arrangement in writing and obtain the required signatures. The seller’s statement may show intent, but it does not itself replace the agreement’s documented expiry term. Question 6 A brokerage employs an unlicensed assistant who schedules showings and organizes transaction documents. After receiving a buyer’s offer, the assistant tells the buyer that the seller would accept a lower price and invites a revised offer, without consulting the salesperson. Which compliance assessment is most accurate? Options: A. The assistant may do this because communicating a possible price is administrative when the seller has not signed a counteroffer. B. The assistant may do this if the salesperson reviews the revised offer before presenting it to the seller. License License New Brunswick Real Estate Licensing Exam PDF https://www.easy-quizzz.com/ca/ C. The assistant has moved beyond administrative support by independently engaging in price negotiation, a regulated trading activity requiring appropriate licensing. D. The assistant may do this because receiving an offer authorizes brokerage staff to negotiate its terms on the seller’s behalf. Answer: C Explanation: Scheduling and organizing documents are administrative tasks, but suggesting a price the seller might accept and inviting a revised offer involves negotiating transaction terms on another person’s behalf. That is materially different from simply forwarding information or arranging an appointment. Later review by a salesperson does not make the assistant’s independent negotiation appropriate; the assistant should refer the buyer’s question to a properly licensed real estate professional. Question 7 A REALTOR® is preparing an offer on a property titled to a corporation in which the REALTOR® holds a beneficial ownership interest. The seller knows about the interest, but the prospective buyer does not. To comply with professional conduct standards, the REALTOR® should: Options: A. Disclose the interest in writing to all parties before an offer is made. B. Disclose the interest in writing to the buyer only after the seller accepts an offer. C. Tell the seller about the interest and rely on the seller to inform the buyer. D. Disclose the interest verbally to the buyer when presenting the offer. Answer: A Explanation: A REALTOR® with a direct or indirect interest in a property or transaction must disclose that interest in writing to all parties before an offer is made. The seller’s existing knowledge does not replace disclosure to the other parties, and disclosure after acceptance comes too late. Verbal notice also does not satisfy the written-disclosure requirement. Question 8 A signed agreement makes the purchase conditional on the buyer obtaining financing by 5 p.m. on June 12. It also states that the buyer must deliver written notice of fulfilment to the seller by that deadline; if notice is not delivered, the condition is deemed unfulfilled and the agreement terminates. The lender approves the loan on June 11. The buyer texts the approval to their agent, but the agent does not notify the seller. What is the contractual result at 5 p.m. on June 12? Options: License License New Brunswick Real Estate Licensing Exam PDF https://www.easy-quizzz.com/ca/ A. The agreement remains conditional because the lender’s approval has not been delivered to the seller. B. The condition is deemed unfulfilled and the agreement terminates under its stated terms. C. The agreement becomes unconditional because financing was approved before the deadline. D. The buyer has breached the agreement, so the seller may choose whether to keep it in force. Answer: B Explanation: The agreement distinguishes between obtaining financing and giving the required written notice. Although the lender approved the loan, the stated condition also requires notice to be delivered to the seller by the deadline. The clause expressly provides that failure to deliver that notice means the condition is deemed unfulfilled and the agreement terminates. Telling the buyer’s agent does not satisfy the stated delivery requirement when the agent does not pass the notice to the seller. Question 9 A seller signs a listing agreement with a New Brunswick brokerage providing for remuneration of 4% of the gross sale price if the property sells before the agreement expires, regardless of who finds the buyer. The seller then completes a private sale during the listing term for $500,000. Under the stated agreement, what remuneration is payable to the brokerage, before any applicable taxes? Options: A. $10,000, because the rate is applied to half of the sale price B. $20,000, because the agreed rate applies to the full sale price C. $0, because the brokerage did not find the buyer D. An amount to be determined by the regulator because commission rates are prescribed Answer: B Explanation: The agreement specifies both the remuneration and the event that triggers it: a sale during the listing term, regardless of who found the buyer. Four percent of the $500,000 gross sale price is $20,000. The seller’s private arrangement does not defeat entitlement under the stated terms. The brokerage’s involvement would matter if the agreement made its participation or procurement of the buyer a condition, but this clause expressly does not. Question 10 A seller signs a representation agreement with a real estate brokerage. The assigned salesperson conducts showings and communicates the seller’s negotiating instructions. The seller then says, “You are my agent personally; the brokerage is just providing office space.” Which response best reflects the agency License License New Brunswick Real Estate Licensing Exam PDF https://www.easy-quizzz.com/ca/ relationship? Options: A. The salesperson is the seller’s independent agent, while the brokerage provides administrative support. B. The brokerage is the seller’s agent, and the salesperson represents the brokerage in providing services to the seller. C. The salesperson and brokerage are separate agents for the seller, each with an independent set of agency duties. D. The brokerage is the seller’s agent, but the salesperson acts only as a neutral intermediary without representing it. Answer: B Explanation: In the brokerage relationship, the client’s agency relationship is with the brokerage. The salesperson represents the brokerage when delivering services and carrying out the brokerage’s obligations to the client. The salesperson’s direct work with the seller does not make the salesperson an independent agent separate from the brokerage. Nor does the salesperson become a neutral intermediary merely because the brokerage is the agent. Would you like to see more? Don't miss ourNew Brunswick Real Estate Licensing Exam PDF file at: https://www.easy-quizzz.com/ca/learners-practice-test/real-estate-license-test/new- brunswick-real-estate-licensing-exam-pdf/ License License New Brunswick Real Estate Licensing Exam PDF https://www.easy-quizzz.com/ca/