Legal Aspects Final Exam A++ Graded Questions and
Answers
A __________ has a duration that is determined by the term or frequency of the payment of rent.
- CORRECT ANSWER ✔✔ -periodic tenancy
A __________ is an agreement in which a party has the right to occupy real property for a
predetermined length of time. - CORRECT ANSWER ✔✔ -lease
A broker can act as a dual agent with written consent from - CORRECT ANSWER ✔✔ -both
the buyer and seller.
A fact that would prevent a buyer from authorizing an agent to purchase a property had he or she
known about the fact is a: - CORRECT ANSWER ✔✔ -material fact.
A mobilehome park has "good cause" for evicting a resident who was convicted of a criminal
offence. The park manager must give the resident at least __________ days notice of the
termination of tenancy. - CORRECT ANSWER ✔✔ -60
A person who is intestate: - CORRECT ANSWER ✔✔ -effectively dies without a will.
A principal delegates ongoing duties to an agent under his or her employ in a: - CORRECT
ANSWER ✔✔ -general agency.
A prospective buyer, who is white, contacts Pam, a broker, about houses on the market. The
buyer tells Pam that he does not like Hispanics, and asks her whether there are a lot of Hispanics
living in a particular neighborhood. How should Pam answer this question? - CORRECT
, ANSWER ✔✔ -Pam should tell the buyer that she is prohibited by law from discussing the racial
composition of a particular neighborhood.
A reward, such as a finder's fee is an example of which of the following? - CORRECT
ANSWER ✔✔ -An executive contract
A will, which transfers one-half of the community property made by one spouse only, is
considered: - CORRECT ANSWER ✔✔ -dishonest.
ABC Industries has had its headquarters on a certain parcel of land for many years. The city with
jurisdiction over the property has decided that this is the best parcel for the construction of a new
jail. It approaches ABC and offers it appropriate compensation for the property, including the
cost of relocating the headquarters to a new space. The city's intended action: - CORRECT
ANSWER ✔✔ -is probably a valid taking under the city's power of eminent domain.
All of the following activities require a person to have a real estate license, except: - CORRECT
ANSWER ✔✔ -doing clerical work for a real estate broker
An agency can be terminated by: - CORRECT ANSWER ✔✔ -operation of law.
An agency created by __________ occurs when a principal causes a third party to believe that
another person is acting as the principal's agent. - CORRECT ANSWER ✔✔ -estoppel
An agency relationship created by words or actions of the agent is a(n): - CORRECT ANSWER
✔✔ -implied agency.
An agent successfully earns a commission when he or she does which of the following? -
CORRECT ANSWER ✔✔ -All of the choices apply;
Answers
A __________ has a duration that is determined by the term or frequency of the payment of rent.
- CORRECT ANSWER ✔✔ -periodic tenancy
A __________ is an agreement in which a party has the right to occupy real property for a
predetermined length of time. - CORRECT ANSWER ✔✔ -lease
A broker can act as a dual agent with written consent from - CORRECT ANSWER ✔✔ -both
the buyer and seller.
A fact that would prevent a buyer from authorizing an agent to purchase a property had he or she
known about the fact is a: - CORRECT ANSWER ✔✔ -material fact.
A mobilehome park has "good cause" for evicting a resident who was convicted of a criminal
offence. The park manager must give the resident at least __________ days notice of the
termination of tenancy. - CORRECT ANSWER ✔✔ -60
A person who is intestate: - CORRECT ANSWER ✔✔ -effectively dies without a will.
A principal delegates ongoing duties to an agent under his or her employ in a: - CORRECT
ANSWER ✔✔ -general agency.
A prospective buyer, who is white, contacts Pam, a broker, about houses on the market. The
buyer tells Pam that he does not like Hispanics, and asks her whether there are a lot of Hispanics
living in a particular neighborhood. How should Pam answer this question? - CORRECT
, ANSWER ✔✔ -Pam should tell the buyer that she is prohibited by law from discussing the racial
composition of a particular neighborhood.
A reward, such as a finder's fee is an example of which of the following? - CORRECT
ANSWER ✔✔ -An executive contract
A will, which transfers one-half of the community property made by one spouse only, is
considered: - CORRECT ANSWER ✔✔ -dishonest.
ABC Industries has had its headquarters on a certain parcel of land for many years. The city with
jurisdiction over the property has decided that this is the best parcel for the construction of a new
jail. It approaches ABC and offers it appropriate compensation for the property, including the
cost of relocating the headquarters to a new space. The city's intended action: - CORRECT
ANSWER ✔✔ -is probably a valid taking under the city's power of eminent domain.
All of the following activities require a person to have a real estate license, except: - CORRECT
ANSWER ✔✔ -doing clerical work for a real estate broker
An agency can be terminated by: - CORRECT ANSWER ✔✔ -operation of law.
An agency created by __________ occurs when a principal causes a third party to believe that
another person is acting as the principal's agent. - CORRECT ANSWER ✔✔ -estoppel
An agency relationship created by words or actions of the agent is a(n): - CORRECT ANSWER
✔✔ -implied agency.
An agent successfully earns a commission when he or she does which of the following? -
CORRECT ANSWER ✔✔ -All of the choices apply;
