TESTED QUESTIONS AND VERIFIED ANSWERS GRADED A+
ASSURED SUCCESS !!
What is the best deed from the grantors POV? - ANSWER -
Quitclaims Deed
What is broker working as a sales associate called ? - ANSWER -
broker asociate
transferring all rights in a contract is called an... - ANSWER -
assignment
What is it called when a lender refuses to loan due neighborhood
demographics ?
- ANSWER -
redlining
What is a township? - ANSWER -6 miles square, 36 sections
How much time do you have to notify when you are transferring
out of state ? -
, ANSWER -60
days
Exclusive right of sale - ANSWER -seller pays commission no
matter what
Tenant pays rent plus landlord expenses - ANSWER -net lease
T/F You can call a FSBO if you do not have a buyer - ANSWER -
False. must call
only if you have a
buyer
In litigation how is a escrow dispute handled ? - ANSWER -bill of
interpleader
What is not an operating expense ? - ANSWER -annual debit
service
Which protects against age discrimination ? - ANSWER -Equal
Credit Opportunity
Act
(ECOA)