Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link One of the things a real estate sales contract MUST contain to be legally binding is: A. Termite clause B. List of personal property C. Property description D. Commission provision Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A tract of land 80 feet wide and 175 feet deep sold for $4 per square foot, plus $12 for each front foot. What was the price of the land? A. $56,960 B. $58,100 C. $168,320 D. $168,960 Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link In order to advertise a property through social media, a licensee MUST: A. Place a copyright notice on all property pictures B. Obtain written authorization from the seller C. Ensure the advertisements are mobile-compliant D. Include links to the sales team's website Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A buyer emails the buyer's agent a copy of the buyer's W-2 form and paystubs containing the buyer's date of birth and social security number. The buyer's agent forwards the entire email to the seller's agent. Which of the following statements is accurate? A. The buyer's agent may be liable for disclosing confidential information. B. The buyer's agent is not liable for disclosing confidential information because the communication is electronic. C. The seller's agent may be liable for disclosing confidential information. D. The real estate commission will automatically place the seller's agent and the buyer's agent licenses on probation. Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A portable storage shed MAY NOT be removed when a property is sold if: A. Was on the property at the time of the listing B. Was included in the listing contract and purchase agreement C. Was on the property when the seller bought it D. Is a trade fixture that must remain Submit Answer