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Question 1 of 10
1. Question
A business-owned acre is best described by which statements?
Correct
The fourth choice is the best description for a commercial or business-owned acre.
Incorrect
The fourth choice is the best description for a commercial or business-owned acre.
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Question 2 of 10
2. Question
A settlement or township located in the rectangular survey system is known to be always contained?
Correct
Confusion with the area of a section, in this case 640 and 1 square mile should be avoided.
Incorrect
Confusion with the area of a section, in this case 640 and 1 square mile should be avoided.
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Question 3 of 10
3. Question
In which unity is to be dealt with when each party owns an equal share in joint tenancy?
Correct
Interest is known to be the usual to be dealt with when it comes to joint tenancy.
Incorrect
Interest is known to be the usual to be dealt with when it comes to joint tenancy.
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Question 4 of 10
4. Question
The planning of turning over the streets into a subdivision is referred to as subdivision planning. Which otherwise known or called to be?
Correct
Dedication has the conveyance in connection with subdivision planning
Incorrect
Dedication has the conveyance in connection with subdivision planning
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Question 5 of 10
5. Question
If a time-share is granted to an individual, which of the following statements best describes his situation?
Correct
It natural for time-share ownership to have the authorization to use the property for a given amount of time.
Incorrect
It natural for time-share ownership to have the authorization to use the property for a given amount of time.
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Question 6 of 10
6. Question
The services of a real estate broker are used by the agent to find the buyer. They negotiate rates, terms and commissions, but no written document has been signed. The broker is willing to make a good deal and gives a bill to the seller for his fee, which the seller declines to pay. Which one of the following is true?
Correct
In order for a commission claim to be enforced, a signed document should be made.
Incorrect
In order for a commission claim to be enforced, a signed document should be made.
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Question 7 of 10
7. Question
An invitation by a listing broker to share a commission with a collaborating broker in a multiple listing scheme is which of the following?
Correct
The broker claimed (express) that it would split the fee if (unilateral) another broker located a purchaser. The other brokers are not obligated to act.
Incorrect
The broker claimed (express) that it would split the fee if (unilateral) another broker located a purchaser. The other brokers are not obligated to act.
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Question 8 of 10
8. Question
The broker arranging a deal on behalf of the seller while the purchaser has not granted him permission to do so is?
Correct
The apparent authority gives the mistaken impression that there is an entity partnership.
Incorrect
The apparent authority gives the mistaken impression that there is an entity partnership.
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Question 9 of 10
9. Question
In addition to compliance with all the legal provisions for the creation of an agency partnership, in order to receive a commission from someone for the sale of their property, you should be?
Correct
You could contend that both options A and B are right, but note that a salesperson cannot collect a commission from someone other than his broker. It means free of charge, because there is no fee involved.
Incorrect
You could contend that both options A and B are right, but note that a salesperson cannot collect a commission from someone other than his broker. It means free of charge, because there is no fee involved.
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Question 10 of 10
10. Question
Broker A, representing Seller B, lies towards Buyer C about the state of the land. Seller B suspected that Broker A’s been lying, so he doesn’t say anything. Which one of the following is true?
Correct
The point of this issue is that the silence of the seller causes liabilities for him.
Incorrect
The point of this issue is that the silence of the seller causes liabilities for him.