Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A first-year licensee without either a degree in finance, or a strong background in real estate investment should generally refrain from: A. listing commercial income property. B. representing an owner who wants to sell raw land to a developer. C. representing a first-time home buyer. D. acting as the seller's agent in selling an oceanfront lot to a retiree. Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Which of the following laws are enforced by the Consumer Financial Protection Bureau (CFPB)? A. RESPA and TILA B. TILA and Anti-Trust C. RESPA and the Fair Housing Act D. Anti-Trust and the Fair Housing Act Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Buyers write an offer for $325,000 with 20% down payment, which is accepted. They must pay 1 1/2 discount points to obtain financing. What amount will they owe for points? A. 2437. 50 B. 3900 .00 C. 4875 .00 D. 6500 .00 Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link In most states, for a deed to be recorded, it must be in writing and A. signed by the buyer. B. include the sales price. C. acknowledged. D. free of all liens. Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A buyer signs an offer and the listing broker submits it to the seller. What would the outcome be if the seller signs it and puts it in a desk drawer? A. The contract is not binding on the buyer because the buyer wasn't informed of the seller's acceptance. B. The contract has been signed by both parties and is binding. C. Equitable title has been passed to the buyer. D. The buyer can sue for specific performance. Submit Answer