Prospective buyers asked the licensee representing them if it would be a good idea to check the property they wish to purchase for radon. The licensee's best response would be to tell the buyers that:

Question 1

Question 1 of 5

Answer

A. It is unlikely that radon would be a problem in that area.

B. As long as they are non-smokers, it should not be an issue.

C. They should do so, because radon is now considered to be one of the causes of lung cancer.

D. They need not do so, because if radon were present, there would be an odor that would make it easy to detect.

Question 2

Question 2 of 5

Answer

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.

Question 3

Question 3 of 5

Answer

A. Yes, because both the seller and buyer offered to enter into a contract.

B. Yes, because a definite and certain offer was made by the buyer.

C. No, because the seller has not accepted the offer.

D. No, because contractual obligations must be in writing and notarized.

Question 4

Question 4 of 5

Answer

A. real property.

B. personal property.

C. a fixture.

D. an appurtenance.

Question 5

Question 5 of 5

Prospective buyers asked the licensee representing them if it would be a good idea to check the property they wish to purchase for radon. The licensee's best response would be to tell the buyers that:

A. It is unlikely that radon would be a problem in that area.

B. As long as they are non-smokers, it should not be an issue.

C. They should do so, because radon is now considered to be one of the causes of lung cancer.

D. They need not do so, because if radon were present, there would be an odor that would make it easy to detect.

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.

A licensee listed a property that had an unfinished garage. The licensee received an offer subject to the garage being finished. Was a contractual obligation created?

A. Yes, because both the seller and buyer offered to enter into a contract.

B. Yes, because a definite and certain offer was made by the buyer.

C. No, because the seller has not accepted the offer.

D. No, because contractual obligations must be in writing and notarized.

An owner has a freestanding cabinet that was custom-built to fit an alcove of the living room. When the owner sells the home, the cabinet will be best described as:

A. real property.

B. personal property.

C. a fixture.

D. an appurtenance.

Which of the following methods for establishing value is generally considered most useful for a special-purpose building such as a church?

A. cost

B. income capitalization

C. market data

D. sales comparison

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