Quiz-summary
0 of 10 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Information
Practice Questions
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 10 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- Answered
- Review
-
Question 1 of 10
1. Question
The broker agrees to accept as its fee any money received in excess of the amount stipulated. This is not acceptable, since this agreement constitutes?
Correct
This situation is recognized as a net listing and is banned in most countries. This type of work exposes unsophisticated owners to the possibility of shocking sale charges.
Incorrect
This situation is recognized as a net listing and is banned in most countries. This type of work exposes unsophisticated owners to the possibility of shocking sale charges.
-
Question 2 of 10
2. Question
Which type of owners holds riparian and littoral rights?
Correct
Riparian rights shall extend to landowners bordering rivers and streams while littoral rights are applied to owners of lakes extending to oceans.
Incorrect
Riparian rights shall extend to landowners bordering rivers and streams while littoral rights are applied to owners of lakes extending to oceans.
-
Question 3 of 10
3. Question
The borrower received a loan of $135,000 at a rate of interest of 9.25 per cent for the acquisition of a loan. When the first monthly bill of $1,111.05 has been paid, the outstanding amount will be?
Correct
($135,000 × 0.0925) ÷ 12 = $1,040.63 interest; $1,111.05 – $1,040.62 = $70.43 principal; $135,000 – $70.43 = $134,929.57.
Incorrect
($135,000 × 0.0925) ÷ 12 = $1,040.63 interest; $1,111.05 – $1,040.62 = $70.43 principal; $135,000 – $70.43 = $134,929.57.
-
Question 4 of 10
4. Question
A dealer took a purchase deal with his seller at a full cost. The seller states that he will not accept this agreement because the buyers are Puerto Rican. The broker is supposed to do which of the following?
Correct
The Federal Housing Act forbids discrimination on the basis of race.
Incorrect
The Federal Housing Act forbids discrimination on the basis of race.
-
Question 5 of 10
5. Question
James Kingsley has just moved to his new home. He received a new loan of $151,000 at 8 per cent, which involved a monthly payment of $7.34 per thousand. He already has an approximate annual property tax of $2,900 and an insurance premium of $560 a year, which he will pay in monthly deposits. How much is James’ monthly payment/deposits?
Correct
151 × 7.34 = $1,108.34 (principal and interest); ($2,900 + $560) ÷ 12 = $288.33 (taxes and insurance); $1,108.34 + $288.33 = $1,396.67 (payment).
Incorrect
151 × 7.34 = $1,108.34 (principal and interest); ($2,900 + $560) ÷ 12 = $288.33 (taxes and insurance); $1,108.34 + $288.33 = $1,396.67 (payment).
-
Question 6 of 10
6. Question
Both the buyer and the seller must agree to the agent’s position in the deal so that they know?
Correct
The issue of classified information is the primary explanation behind all the recent state regulations on the disclosure of information to agencies.
Incorrect
The issue of classified information is the primary explanation behind all the recent state regulations on the disclosure of information to agencies.
-
Question 7 of 10
7. Question
Riparian rights pertain to all of the following except for?
Correct
Littoral privileges generally includes oceans.
Incorrect
Littoral privileges generally includes oceans.
-
Question 8 of 10
8. Question
The Simons have defaulted on their loan payments and the majority of their pending payments are behind, so their house is being sold in an auction foreclosure. Of the various liens against it, which is going to have the first claim on the earnings from the sale?
Correct
Whether or not entered in public records, property taxes automatically take precedence over all other ties.
Incorrect
Whether or not entered in public records, property taxes automatically take precedence over all other ties.
-
Question 9 of 10
9. Question
A shoe shop in Town Mall costs a monthly base rent plus extra rent depending on the amount of business it does. It is being managed under a?
Correct
The store should pay as an extra rent a percentage of its receipts per month.
Incorrect
The store should pay as an extra rent a percentage of its receipts per month.
-
Question 10 of 10
10. Question
Commercial building site value is usually described by price per?
Correct
In bringing the high cost of commercial land into context, sellers and brokers typically quote the price per square foot in order to equate the cost of property to buyers.
Incorrect
In bringing the high cost of commercial land into context, sellers and brokers typically quote the price per square foot in order to equate the cost of property to buyers.