LEASING AGENT EXAM with accurate detailed solutions || || || || || ||
real property includes - ✔✔airspace
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air rights are defined as - ✔✔extending into infinity
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land ownership includes - ✔✔subsurface rights
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anything affixed to the land with the intent of being permanent is - ✔✔real property
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which of the following is a test of whether an item is a fixture - ✔✔method of attachment
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a contract is void if it - ✔✔has an illegal purpose
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the law that requires certain contracts be in writing in order to be enforceable is the - ✔✔Statute
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of Frauds ||
every real estate contract must have an - ✔✔offer and acceptance
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The landlord is offering his apartments for rent, month-month. He plans to cancel all leases in
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three months to begin a major renovation. The landlord tells tenants he foresees no change and
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that they can expect to remain in the building as long as they choose. The landlords statement: -
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✔✔constitutes fraud ||
if the tenant signs the contract under duress, menace or undue influence the contract is usually -
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✔✔voidable by the tenant || || ||
the statute of frauds requires that real estate contracts be - ✔✔in writing in order to be enforceable
|| || || || || || || || || || || || || || || || ||
, After the tenant and the landlord have signed a rental contract, the landlord changes her mind and
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defaults. The tenant sues the landlord to force her to go through with the lease contract. This is
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known as a suit for - ✔✔specific performance
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which of the following best describes a contract that is voidable - ✔✔a contract that lets one of
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the parties withdraw from it
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A tenant makes an oral offer to lease a house from an owner for two years. The owner orally
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accepts the offer. Which of the following statements is true? - ✔✔the contract is unenforceable
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which of the following is essential to the creation of a contract - ✔✔acceptance
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an owner rents a farm to a tenant for one year. to be valid, the contract must include -
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✔✔consideration
when two or more persons enter into a contract, either orally or in writing, it is called - ✔✔an
|| || || || || || || || || || || || || || || || || || ||
express contract ||
a contract that results when a promise is exchanged for a promise is called a - ✔✔bilateral
|| || || || || || || || || || || || || || || || ||
contract
if a contract is made under duress, it is - ✔✔voidable
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a person less than 18 years of age has just signed a contract. the legal status of this contract is -
|| || || || || || || || || || || || || || || || || || || || ||
✔✔voidable
mutual consent requires - ✔✔no fraud or misrepresentation
|| || || || || || ||
real property includes - ✔✔airspace
|| || || ||
air rights are defined as - ✔✔extending into infinity
|| || || || || || || ||
land ownership includes - ✔✔subsurface rights
|| || || || ||
anything affixed to the land with the intent of being permanent is - ✔✔real property
|| || || || || || || || || || || || || ||
which of the following is a test of whether an item is a fixture - ✔✔method of attachment
|| || || || || || || || || || || || || || || || ||
a contract is void if it - ✔✔has an illegal purpose
|| || || || || || || || || ||
the law that requires certain contracts be in writing in order to be enforceable is the - ✔✔Statute
|| || || || || || || || || || || || || || || || || ||
of Frauds ||
every real estate contract must have an - ✔✔offer and acceptance
|| || || || || || || || || ||
The landlord is offering his apartments for rent, month-month. He plans to cancel all leases in
|| || || || || || || || || || || || || || || ||
three months to begin a major renovation. The landlord tells tenants he foresees no change and
|| || || || || || || || || || || || || || || ||
that they can expect to remain in the building as long as they choose. The landlords statement: -
|| || || || || || || || || || || || || || || || || ||
✔✔constitutes fraud ||
if the tenant signs the contract under duress, menace or undue influence the contract is usually -
|| || || || || || || || || || || || || || || || ||
✔✔voidable by the tenant || || ||
the statute of frauds requires that real estate contracts be - ✔✔in writing in order to be enforceable
|| || || || || || || || || || || || || || || || ||
, After the tenant and the landlord have signed a rental contract, the landlord changes her mind and
|| || || || || || || || || || || || || || || || ||
defaults. The tenant sues the landlord to force her to go through with the lease contract. This is
|| || || || || || || || || || || || || || || || || ||
known as a suit for - ✔✔specific performance
|| || || || || || ||
which of the following best describes a contract that is voidable - ✔✔a contract that lets one of
|| || || || || || || || || || || || || || || || || ||
the parties withdraw from it
|| || || ||
A tenant makes an oral offer to lease a house from an owner for two years. The owner orally
|| || || || || || || || || || || || || || || || || || ||
accepts the offer. Which of the following statements is true? - ✔✔the contract is unenforceable
|| || || || || || || || || || || || || ||
which of the following is essential to the creation of a contract - ✔✔acceptance
|| || || || || || || || || || || || ||
an owner rents a farm to a tenant for one year. to be valid, the contract must include -
|| || || || || || || || || || || || || || || || || || ||
✔✔consideration
when two or more persons enter into a contract, either orally or in writing, it is called - ✔✔an
|| || || || || || || || || || || || || || || || || || ||
express contract ||
a contract that results when a promise is exchanged for a promise is called a - ✔✔bilateral
|| || || || || || || || || || || || || || || || ||
contract
if a contract is made under duress, it is - ✔✔voidable
|| || || || || || || || || ||
a person less than 18 years of age has just signed a contract. the legal status of this contract is -
|| || || || || || || || || || || || || || || || || || || || ||
✔✔voidable
mutual consent requires - ✔✔no fraud or misrepresentation
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