METRO BROKERS EXAMS SCRIPT UPDATED QUESTIONS
AND ANSWERS GRADED A+
✔✔SERVIENT ESTATE - ✔✔The estate burdened by the easement.
✔✔DOMINANT ESTATE - ✔✔The estate benefiting by the easement.
✔✔EASEMENT IN GROSS - ✔✔Only one piece of land involved—this easement does
not necessarily run with the land—some do, some don't.
✔✔COVENANTS OR CONDITIONS - ✔✔Private restrictions that limit the use of one's
property in order to protect the rights of other property owners.
✔✔ENCROACHMENTS - ✔✔Occurs when an attachment illegally extends beyond the
boundaries of the owner's land onto adjoining land or airspace.
✔✔MURPHY'S EXEMPTION - ✔✔Allows the owner of a 1-4 unit house to discriminate
if they reside in, do not use a broker and do not use discriminatory advertising when
leasing a unit.
✔✔STEERING - ✔✔Limiting a prospect's choice of neighborhoods based on any of the
protected classes.
✔✔BLOCKBUSTING - ✔✔The practice of inducing homeowners to sell by suggesting
that a change in the ethnic or racial composition of the neighborhood is imminent.
✔✔LEAD BASED PAINT - ✔✔Affects homes built before 1978—requires 10 day right of
inspection, federal pamphlet, any known information on lead in the home, signatures of
all parties. $16,000 fine per violation.
✔✔RENOVATION, REPAIR AND PAINT - ✔✔Affects homes built before 1978—if the
home has lead paint 6 sq. ft inside, 20 sq. ft. outside requires licensed contractor to
conduct work.
✔✔$37,500 PER DAY FOR VIOLATIONS - ✔✔Penalty for violations of regulations.
✔✔DO NOT CALL LIST - ✔✔A list of phone numbers that telemarketers are prohibited
from calling.
✔✔PURGE PHONE LIST EVERY 31 DAYS - ✔✔The requirement to remove old
numbers from the calling list every 31 days.
✔✔EXEMPTIONS INCLUDE EXISTING BUSINESS RELATIONSHIPS - ✔✔Certain
relationships that allow for calls despite being on the Do Not Call list.
, ✔✔CLIENTS WITH TRANSACTIONS WITHIN 18 MONTHS - ✔✔Clients who have
engaged in transactions within the last 18 months are exempt from the Do Not Call list.
✔✔CUSTOMERS WHO INQUIRED WITHIN 3 MONTHS - ✔✔Customers who have
made inquiries in the last 3 months are exempt from the Do Not Call list.
✔✔$16,000 PER VIOLATION - ✔✔The fine imposed for each violation of the Do Not
Call regulations.
✔✔CAN SPAM ACT - ✔✔A law that sets rules for commercial email, including
requirements for headers and opt-out features.
✔✔NO FALSE OR MISLEADING HEADER - ✔✔Requirement under the CAN SPAM
Act to have truthful email headers.
✔✔VALID POSTAL ADDRESS - ✔✔Requirement under the CAN SPAM Act to include
a legitimate postal address in emails.
✔✔ACCURATE SUBJECT LINE - ✔✔Requirement under the CAN SPAM Act for the
subject line to accurately reflect the content of the email.
✔✔CLEAR INDICATION IT'S AN ADVERTISEMENT - ✔✔Requirement under the CAN
SPAM Act to clearly state that the email is an advertisement.
✔✔AN OPT-OUT FEATURE - ✔✔Requirement under the CAN SPAM Act to provide a
way for recipients to opt out of future emails.
✔✔SHERMAN ANTI-TRUST - ✔✔A law that prohibits anti-competitive behavior and
practices.
✔✔ANYTHING THAT LIMITS COMPETITION - ✔✔Activities such as fixing
commissions or dividing markets that are prohibited under anti-trust laws.
✔✔$1,000,000 FINE FOR INDIVIDUALS - ✔✔The maximum fine for individuals
violating anti-trust laws.
✔✔$100,000,000 FINE FOR COMPANIES - ✔✔The maximum fine for companies
violating anti-trust laws.
✔✔AGENCY LAW - ✔✔Common law that governs the relationship when a principal
delegates authority to an agent.
✔✔FIDUCIARY - ✔✔A relationship of trust and confidence between parties.
AND ANSWERS GRADED A+
✔✔SERVIENT ESTATE - ✔✔The estate burdened by the easement.
✔✔DOMINANT ESTATE - ✔✔The estate benefiting by the easement.
✔✔EASEMENT IN GROSS - ✔✔Only one piece of land involved—this easement does
not necessarily run with the land—some do, some don't.
✔✔COVENANTS OR CONDITIONS - ✔✔Private restrictions that limit the use of one's
property in order to protect the rights of other property owners.
✔✔ENCROACHMENTS - ✔✔Occurs when an attachment illegally extends beyond the
boundaries of the owner's land onto adjoining land or airspace.
✔✔MURPHY'S EXEMPTION - ✔✔Allows the owner of a 1-4 unit house to discriminate
if they reside in, do not use a broker and do not use discriminatory advertising when
leasing a unit.
✔✔STEERING - ✔✔Limiting a prospect's choice of neighborhoods based on any of the
protected classes.
✔✔BLOCKBUSTING - ✔✔The practice of inducing homeowners to sell by suggesting
that a change in the ethnic or racial composition of the neighborhood is imminent.
✔✔LEAD BASED PAINT - ✔✔Affects homes built before 1978—requires 10 day right of
inspection, federal pamphlet, any known information on lead in the home, signatures of
all parties. $16,000 fine per violation.
✔✔RENOVATION, REPAIR AND PAINT - ✔✔Affects homes built before 1978—if the
home has lead paint 6 sq. ft inside, 20 sq. ft. outside requires licensed contractor to
conduct work.
✔✔$37,500 PER DAY FOR VIOLATIONS - ✔✔Penalty for violations of regulations.
✔✔DO NOT CALL LIST - ✔✔A list of phone numbers that telemarketers are prohibited
from calling.
✔✔PURGE PHONE LIST EVERY 31 DAYS - ✔✔The requirement to remove old
numbers from the calling list every 31 days.
✔✔EXEMPTIONS INCLUDE EXISTING BUSINESS RELATIONSHIPS - ✔✔Certain
relationships that allow for calls despite being on the Do Not Call list.
, ✔✔CLIENTS WITH TRANSACTIONS WITHIN 18 MONTHS - ✔✔Clients who have
engaged in transactions within the last 18 months are exempt from the Do Not Call list.
✔✔CUSTOMERS WHO INQUIRED WITHIN 3 MONTHS - ✔✔Customers who have
made inquiries in the last 3 months are exempt from the Do Not Call list.
✔✔$16,000 PER VIOLATION - ✔✔The fine imposed for each violation of the Do Not
Call regulations.
✔✔CAN SPAM ACT - ✔✔A law that sets rules for commercial email, including
requirements for headers and opt-out features.
✔✔NO FALSE OR MISLEADING HEADER - ✔✔Requirement under the CAN SPAM
Act to have truthful email headers.
✔✔VALID POSTAL ADDRESS - ✔✔Requirement under the CAN SPAM Act to include
a legitimate postal address in emails.
✔✔ACCURATE SUBJECT LINE - ✔✔Requirement under the CAN SPAM Act for the
subject line to accurately reflect the content of the email.
✔✔CLEAR INDICATION IT'S AN ADVERTISEMENT - ✔✔Requirement under the CAN
SPAM Act to clearly state that the email is an advertisement.
✔✔AN OPT-OUT FEATURE - ✔✔Requirement under the CAN SPAM Act to provide a
way for recipients to opt out of future emails.
✔✔SHERMAN ANTI-TRUST - ✔✔A law that prohibits anti-competitive behavior and
practices.
✔✔ANYTHING THAT LIMITS COMPETITION - ✔✔Activities such as fixing
commissions or dividing markets that are prohibited under anti-trust laws.
✔✔$1,000,000 FINE FOR INDIVIDUALS - ✔✔The maximum fine for individuals
violating anti-trust laws.
✔✔$100,000,000 FINE FOR COMPANIES - ✔✔The maximum fine for companies
violating anti-trust laws.
✔✔AGENCY LAW - ✔✔Common law that governs the relationship when a principal
delegates authority to an agent.
✔✔FIDUCIARY - ✔✔A relationship of trust and confidence between parties.
