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ASREB CH. 17 QUESTIONS WITH COMPLETE ANSWERS

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ASREB CH. 17 QUESTIONS WITH COMPLETE ANSWERS

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Who is responsible for providing homeowner's association documents to a buyer
upon the sale of a property located in a
homeowners association if there are less than 50 units in the association?


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A. broker
B. seller
C. association
D. escrow agent




A home inspector misses a large crack in the foundation of the house. The seller tells
the agent not to tell the buyer.
What should the agent do?


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, A. Keep it confidential.
B. Disclose the information.
C. Obey the seller’s instructions.
D. Let the buyer beware.




A person is selected to settle a dispute between a buyer and seller. The decision will
be binding on all parties. This
person is called a(n)


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A. arbitrator.
B. middleman.
C. trustee.
D. executor.




When a property is sold in "as is" condition, this means the


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A. seller will not make any necessary repairs.
B. seller is not responsible to disclose any material defects.
C. broker is not responsible to disclose any material facts.
D. buyer is on notice that he is responsible to discover all facts known and
unknown.




Which of the following statements would relate to a blind ad?


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