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Question 1 of 10
1. Question
You’re representing Seller Sharon, and you’re going to bring your client, Buyer Barbara, to see the property. Barbara is made a bid. Barbara told you confidentially about the bankruptcy she went through two years ago, so she hopes she’s going to be financially approved to buy it. What, if anything, are you going to do with details about the bankruptcy?
Correct
Your fiduciary responsibilities require the disclosure of any relevant facts to your customer, even if it’s personal to the client, and been asked to keep it private.
Incorrect
Your fiduciary responsibilities require the disclosure of any relevant facts to your customer, even if it’s personal to the client, and been asked to keep it private.
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Question 2 of 10
2. Question
Several individuals are interested in the majority of real estate transactions. The obligation of loyalty needs you to take an interest in what order of priority?
Correct
You owe no loyalty to the customer; you owe just truthful and fair trading, proper consideration and disclosure of relevant facts and latent defects.
Incorrect
You owe no loyalty to the customer; you owe just truthful and fair trading, proper consideration and disclosure of relevant facts and latent defects.
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Question 3 of 10
3. Question
A landlord declines to rent an apartment to an African American family in his two-family building. Which of the following statements is true with respect to this behavior with regard to fair housing laws?
Correct
There is no exemption to race under the Civil Rights Act of 1866.
Incorrect
There is no exemption to race under the Civil Rights Act of 1866.
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Question 4 of 10
4. Question
“Christians only” is a marketing strategy for a house that is available for rent. What is this implying?
Correct
Even if there is an exception to one of the anti-discrimination acts, racist ads, including any reference to religion, is not allowed.
Incorrect
Even if there is an exception to one of the anti-discrimination acts, racist ads, including any reference to religion, is not allowed.
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Question 5 of 10
5. Question
A young married lady’s salary is lessened by 50% by a bank when she files for a mortgage loan now that she is of childbearing age. What does the situation imply?
Correct
The situation is illegal. Gender is a covered class in the field of housing discrimination.
Incorrect
The situation is illegal. Gender is a covered class in the field of housing discrimination.
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Question 6 of 10
6. Question
A Portuguese couple searching for a house asks a real estate agent to bring them Portuguese neighborhoods. Which one of the following statements is correct?
Correct
Real estate agents may not take part in the steering, even though it is driven by the client. Steering is directing residents to separate communities on the grounds of some protected class.
Incorrect
Real estate agents may not take part in the steering, even though it is driven by the client. Steering is directing residents to separate communities on the grounds of some protected class.
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Question 7 of 10
7. Question
Which of the following statements is the most accurate?
I. Advising residents in the neighborhoods they will be happy in may be construed as redlining.
II. Advising residents in the neighborhoods they will be happy in may be construed as blockbusting.
III. Advising residents in the neighborhoods they will be happy in may be construed as steering.
IV. Advising residents in the neighborhoods they will be happy in may be construed as canvassing.Correct
The term “construed” means that it appears to be a steering.
Incorrect
The term “construed” means that it appears to be a steering.
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Question 8 of 10
8. Question
A young woman is denied the right to buy a condo in a complex that limits sales to people 50 years of age and over. What is this implying?
Correct
The housing may be confined to individuals 62 years of age and older or 55 years of age and older in situations where at least one occupant per unit is 55 and at least 80 percent of the occupant. Units shall be occupied by individuals 55 or over.
Incorrect
The housing may be confined to individuals 62 years of age and older or 55 years of age and older in situations where at least one occupant per unit is 55 and at least 80 percent of the occupant. Units shall be occupied by individuals 55 or over.
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Question 9 of 10
9. Question
Which of the following statements is true about reversion?
Correct
In the case of a fee simple determinable, the title returns to the grantee if a certain condition is not fulfilled.
Incorrect
In the case of a fee simple determinable, the title returns to the grantee if a certain condition is not fulfilled.
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Question 10 of 10
10. Question
I’m giving my sister permission to live in a house I own until her son’s death. What have I created?
Correct
The length of a life estate pur autre vie is for the life of a third party, rather than the person directly getting the life estate.
Incorrect
The length of a life estate pur autre vie is for the life of a third party, rather than the person directly getting the life estate.