Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A buyer's agent is NOT permitted to tell a buyer that: A. the seller is willing to accept less than the listing price because of financial circumstances B. a former occupant of a property had AIDS C. the roof leaked recently but was patched by the owner D. the property was the scene of a serious crime Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A secretary in a real estate office who does NOT have a real estate license may: A. review the Consumer Information Statement with a prospective buyer B. perform bookkeeping functions concerning escrowed funds C. sign escrow checks with the written authorization of the broker D. disclose the current status of a commercial listing Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Which of the following best describes the Housing for Older Persons Act? A. It allows grandparents with grandchildren to be exempt from the provisions of the Act. B. It requires that at least 80% of occupied units have one person age 55 or older living there. C. It requires that 55-and-older housing have significant facilities and services designed for seniors. D. It allows the awarding of monetary damages against those who believed that property designated as housing for older persons was exempt. Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link The property a licensee has just listed is walking distance from a public beach. The agent has decided to describe it in the Multiple Listing Service as 'Waterfront Property'. What issues, if any, should the agent consider before doing this? A. It is perfectly fine so long as the agent specifies the details in the remarks section. B. This would be the best way to list the property as it would get the most attention from buyers. C. The agent should ask the seller's permission before electing to describe it as a waterfront property. D. To describe the property as waterfront could violate truth in advertising laws and could constitute fraud. Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Two parcels of land priced at $2,100 per acre were purchased. One parcel was 5 acres in size, and the other was 1 square mile in size. How much should these two parcels have cost together? A. $766,000 B. $914,760 C. $1,060,500 D. $1,354,500 Submit Answer