100+ Free BREA Salesperson Exam Practice Questions

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Sample BREA Salesperson Exam Practice Questions

Try these sample questions to test your BREA Salesperson Exam exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Which body registers and licenses real estate salesmen in The Bahamas under the Real Estate (Brokers and Salesmen) Act?

A.The Securities Commission of The Bahamas

B.The Bahamas Real Estate Association (BREA)

C.The Department of Inland Revenue

D.The Bahamas Investment Authority

Explanation: Under the Real Estate (Brokers and Salesmen) Act 1995, the Bahamas Real Estate Association (BREA) is the statutory body that registers and licenses brokers and salesmen and regulates professional conduct in the industry.

2A candidate must achieve at least what grade on BREA's prescribed entry-level examination before being eligible to submit a salesman application?

A.60%

B.70%

C.80%

D.90%

Explanation: BREA requires candidates to pass the prescribed entry-level licensing examination with a grade of 80% or higher before they may submit a salesman application.

3Under BREA rules, who must propose and second a salesman's application for registration?

A.Two licensed brokers, with the proposing broker being the applicant's broker of employment

B.Any two existing BREA members regardless of category

C.Two attorneys admitted to the Bahamas Bar

D.A Justice of the Peace and a banker

Explanation: A salesman applicant's forms must be proposed and seconded by licensed brokers, and the proposing broker must be the applicant's broker of employment, because a salesman may only operate under the supervision of a licensed broker.

4A licensed real estate salesman in The Bahamas is legally permitted to do which of the following?

A.Operate an independent brokerage and hold client deposits in his own name

B.Conduct listing and selling activities only under the supervision of a licensed broker

C.Practise without any affiliation once the entry-level course is passed

D.Certify title and prepare the conveyance for closing

Explanation: A salesman is an entry-level licensee who must work under and be supervised by a licensed broker. The salesman markets, lists and sells property on behalf of the broker's firm but cannot operate independently.

5In an agency relationship, the duty that requires an agent to place the principal's interests above the agent's own is known as the duty of:

A.Disclosure

B.Loyalty

C.Accounting

D.Reasonable care

Explanation: Loyalty is the fiduciary duty obligating the agent to act in the principal's best interest and to subordinate the agent's personal interests to those of the client.

6A seller signs a listing appointing a broker to sell her home. In this relationship, the seller is the:

A.Principal

B.Customer

C.Sub-agent

D.Third party

Explanation: The party who hires and authorises the agent to act on her behalf is the principal (or client). The seller who signs the listing agreement is the principal to whom fiduciary duties are owed.

7A salesman representing the seller learns that the buyer is willing to pay more than the offer submitted. What must the salesman do?

A.Keep the information confidential to protect the buyer

B.Disclose this material information to the seller, the salesman's principal

C.Split the difference and pocket it as commission

D.Tell both parties to negotiate without the agent

Explanation: As an agent of the seller, the salesman owes the seller fiduciary duties of loyalty and disclosure. Information that the buyer would pay more is material and must be disclosed to the principal.

8Acting for both the buyer and the seller in the same transaction, with the informed consent of both, is best described as:

A.Single agency

B.Dual agency

C.Open agency

D.Net agency

Explanation: Dual agency occurs when one agent or firm represents both buyer and seller in the same transaction. It is only permissible with the full informed consent of both parties because of the conflict of interest.

9An agreement giving one broker the right to sell a property and earn a commission no matter who finds the buyer, including the owner, is a(n):

A.Open listing

B.Exclusive agency listing

C.Exclusive right to sell listing

D.Net listing

Explanation: An exclusive right to sell listing entitles the listing broker to a commission regardless of who procures the buyer, including the owner. It gives the broker the strongest protection and is the most common professional listing.

10Which listing type allows an owner to engage several brokers at once and pay a commission only to the broker who actually finds the buyer?

A.Exclusive right to sell

B.Exclusive agency

C.Open listing

D.Multiple listing

Explanation: An open listing is non-exclusive: the owner may list with multiple brokers, only the broker who produces a ready, willing and able buyer earns a commission, and the owner pays nothing if the owner sells directly.

About the BREA Salesperson Exam Exam

The BREA salesperson licensing examination is the entry-level test required to register as a real estate salesman in The Bahamas under the Real Estate (Brokers and Salesmen) Act. It covers agency and fiduciary duties, listing agreements, the sale process and contracts, conveyancing and title, the International Persons Landholding Act, Bahamian taxes and fees, anti-money-laundering compliance, ethics and real estate math. A salesman must achieve at least 80% and practise under a licensed broker.

Assessment

Multiple-choice entry-level licensing examination administered by BREA after completion of the prescribed real estate course; a salesman works under the supervision of a licensed broker.

Time Limit

Set by BREA for the entry-level examination; confirm the current duration with the Association.

Passing Score

A minimum grade of 80% is required on BREA's prescribed entry-level examination before a candidate may submit a salesman application.

Exam Fee

BREA sets a course fee, examination fee and an annual licensing/membership fee; amounts change periodically and should be confirmed with the Association. (Bahamas Real Estate Association (BREA))

BREA Salesperson Exam Exam Content Outline

12%

Licensing and Regulation

The Real Estate (Brokers and Salesmen) Act, BREA registration, the 80% threshold, broker supervision, renewal and discipline.

15%

Agency and Fiduciary Duties

Principal and agent relationships, loyalty, disclosure, confidentiality, obedience, accounting, single and dual agency.

12%

Listing Agreements

Open, exclusive agency, exclusive right to sell and net listings, commission, procuring cause and protection clauses.

11%

Foreign Ownership (IPLA)

The International Persons Landholding Act, registration versus permit rules, the two-acre threshold and residency benefits.

10%

Bahamas Taxes and Fees

VAT on conveyances replacing stamp duty, real property tax bands and exemptions, and first-time Bahamian buyer relief.

11%

Sale Process and Contracts

Offer and acceptance, written contracts, deposits and escrow, contingencies, completion, breach and remedies.

10%

Conveyancing and Title

Recorded-deed title, abstracts, marketable title, liens, easements, encroachments, covenants and the attorney's role.

Property Description and Measurement

Survey plans, legal descriptions, metes and bounds, fixtures versus chattels and boundaries.

Real Estate Math

Area and acre conversion, commission and splits, percentages, proration, VAT, loan-to-value and interest calculations.

Ethics and Fair Dealing

Honest dealing, misrepresentation versus puffery, conflicts of interest, referral fees and non-discrimination.

How to Pass the BREA Salesperson Exam Exam

What You Need to Know

Passing score: A minimum grade of 80% is required on BREA's prescribed entry-level examination before a candidate may submit a salesman application.
Assessment: Multiple-choice entry-level licensing examination administered by BREA after completion of the prescribed real estate course; a salesman works under the supervision of a licensed broker.
Time limit: Set by BREA for the entry-level examination; confirm the current duration with the Association.
Exam fee: BREA sets a course fee, examination fee and an annual licensing/membership fee; amounts change periodically and should be confirmed with the Association.

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

BREA Salesperson Exam Study Tips from Top Performers

1Master the International Persons Landholding Act rules: memorise the two-acre threshold and the difference between registration-only owner-occupied purchases and permit-required undeveloped or non-owner-occupied acquisitions.

2Drill the real estate math, especially acre conversion (43,560 square feet per acre), commission splits, proration and the 10% conveyance VAT, because these are reliable, scoreable marks under time pressure.

3Know the fiduciary duties (loyalty, disclosure, confidentiality, obedience, accounting) and the line between lawful puffery and actionable misrepresentation, since agency and ethics questions appear throughout the exam.

Frequently Asked Questions

Who administers the Bahamas real estate salesperson exam?

The Bahamas Real Estate Association (BREA) is the statutory body that registers and licenses brokers and salesmen under the Real Estate (Brokers and Salesmen) Act and administers the prescribed entry-level licensing examination after candidates complete the required real estate course.

What score do I need to pass the BREA salesperson exam?

Candidates must achieve a minimum grade of 80% on BREA's prescribed entry-level examination before they are eligible to submit a salesman application. Aim to score consistently above 80% in timed practice to build a safe margin.

Can a salesman work independently after passing?

No. A salesman is an entry-level licensee who must be placed with and supervised by a licensed broker. The salesman lists, markets and sells property on behalf of the broker's firm but cannot operate an independent brokerage or hold client deposits personally.

Do foreigners need a permit to buy property in The Bahamas?

Under the International Persons Landholding Act, a non-Bahamian buying an owner-occupied home of under two acres generally needs only to register the acquisition after completion. A permit is required for undeveloped land of two or more adjoining acres or where the use is not owner-occupied, such as rental or commercial property.