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 assignment of the appraiser is to?
Correct
An appraisal is an evaluation of the demand by data processing.
Incorrect
An appraisal is an evaluation of the demand by data processing.
-
Question 2 of 10
2. Question
Chris Salvano is a broker who has been hired to sell Erin Miller’s home. Chris is showing the house to the Martins, who want to make a bid on it. What obligation does Chris legally owe to the Martins at this point?
Correct
The Martins are entitled as consumers only for equal and truthful service. Chris is not operating in a fiduciary capacity.
Incorrect
The Martins are entitled as consumers only for equal and truthful service. Chris is not operating in a fiduciary capacity.
-
Question 3 of 10
3. Question
Under the agency agreement, there is a statement that binds the buyer to pay the broker’s fee if, within a given number of days, the purchaser purchases a property that has been shown to the purchaser during the agency. This clause is referred to as the?
Correct
Unless the buyer employs another buyer agent is and buys this property, the broker protection clause obligates the buyer to pay the broker’s fee.
Incorrect
Unless the buyer employs another buyer agent is and buys this property, the broker protection clause obligates the buyer to pay the broker’s fee.
-
Question 4 of 10
4. Question
In a real estate deal, the broker does not affirmatively represent the buyer or the seller as an agent. He’s acting like?
Correct
If the broker handles all sides of the transaction, it may do either as a transaction broker or by reporting a “No Brokerage” relationship.
Incorrect
If the broker handles all sides of the transaction, it may do either as a transaction broker or by reporting a “No Brokerage” relationship.
-
Question 5 of 10
5. Question
Tenancy as a whole varies from other forms of co-ownership in a manner which?
Correct
When a married couple buys real estate as tenants in its entirety, neither a court order for partition can be issued.
Incorrect
When a married couple buys real estate as tenants in its entirety, neither a court order for partition can be issued.
-
Question 6 of 10
6. Question
The seller of a house that was built before 1978 is required by law to supply the purchaser with a what?
Correct
Lead-painting information must be given to the tenants prior to the signing of the lease if the house was constructed before 1978.
Incorrect
Lead-painting information must be given to the tenants prior to the signing of the lease if the house was constructed before 1978.
-
Question 7 of 10
7. Question
In order to determine the encroachment, the purchaser should receive what?
Correct
Only a survey will indicate an encroachment.
Incorrect
Only a survey will indicate an encroachment.
-
Question 8 of 10
8. Question
To establish a valid mortgage lien, all of the following are necessary except which?
Correct
A valid mortgage must be in writing, signed by a mortgage agent, and a declaration of the debt owed must include a legal definition of the secured asset band. A variety of land uses, when in advantageous proportions, can lead to value.
Incorrect
A valid mortgage must be in writing, signed by a mortgage agent, and a declaration of the debt owed must include a legal definition of the secured asset band. A variety of land uses, when in advantageous proportions, can lead to value.
-
Question 9 of 10
9. Question
RESPA requires all of the following except which one?
Correct
The regulations of RESPA have nothing to do with rates.
Incorrect
The regulations of RESPA have nothing to do with rates.
-
Question 10 of 10
10. Question
Which of the following actions is legally permitted?
Correct
Fair Housing Law does not require a lender to make a loan to a person who does not agree with the credit specifications.
Incorrect
Fair Housing Law does not require a lender to make a loan to a person who does not agree with the credit specifications.