AYPO REAL ESTATE UPDATED PRACTICE EXAM
QUESTIONS AND SOLUTIONS GUARANTEE A+
✔✔A person not engaged in real estate brokerage, regardless of whether the person is
licensed under this chapter, based solely on engaging in which of the following activities
- ✔✔Constructing and remodeling
✔✔A contract must have a legal purpose in order to be - ✔✔Enforceable
✔✔One of the most powerful elements of Deceptive Trade Practices Consumer
Protection Act is its mandate to award which of these ? - ✔✔Attorney's Fees
✔✔After Racial Discrimination in the housings was ruled unconstitutional, a mechanism
used to get around this ruling was which of the following: - ✔✔Restrictive Covenant
✔✔How long does a chapter 13 debtor have to reinvest the proceeds - ✔✔6 months
✔✔The three most commons types of listing agreements are all except - ✔✔Non
exclusive right to sell listings
✔✔what kind of easement not only allows access to another persons property but also
allows the removal of material resources contained in the property - ✔✔A profit
✔✔The Commission may require a license holder whose license suspension or
revocation is probated to which of these? - ✔✔Limit practice to an area prescribed by
the commission
✔✔Mrs Murphys exemption does not allow for which of these forms of discrimination -
✔✔Racial
✔✔Which of the following are common law fiduciary duties? - ✔✔Care
Disclosure
Loyalty
Accounting
Obedience
✔✔What is the remedy called when one party has good faith effort to perform their
obligations but the other party HAS NOT performed their obligations? - ✔✔Specific
Performance
✔✔Other word for Modifications - ✔✔Improvements
✔✔Easments that benefits the owner - ✔✔An Easement Appurtenant
QUESTIONS AND SOLUTIONS GUARANTEE A+
✔✔A person not engaged in real estate brokerage, regardless of whether the person is
licensed under this chapter, based solely on engaging in which of the following activities
- ✔✔Constructing and remodeling
✔✔A contract must have a legal purpose in order to be - ✔✔Enforceable
✔✔One of the most powerful elements of Deceptive Trade Practices Consumer
Protection Act is its mandate to award which of these ? - ✔✔Attorney's Fees
✔✔After Racial Discrimination in the housings was ruled unconstitutional, a mechanism
used to get around this ruling was which of the following: - ✔✔Restrictive Covenant
✔✔How long does a chapter 13 debtor have to reinvest the proceeds - ✔✔6 months
✔✔The three most commons types of listing agreements are all except - ✔✔Non
exclusive right to sell listings
✔✔what kind of easement not only allows access to another persons property but also
allows the removal of material resources contained in the property - ✔✔A profit
✔✔The Commission may require a license holder whose license suspension or
revocation is probated to which of these? - ✔✔Limit practice to an area prescribed by
the commission
✔✔Mrs Murphys exemption does not allow for which of these forms of discrimination -
✔✔Racial
✔✔Which of the following are common law fiduciary duties? - ✔✔Care
Disclosure
Loyalty
Accounting
Obedience
✔✔What is the remedy called when one party has good faith effort to perform their
obligations but the other party HAS NOT performed their obligations? - ✔✔Specific
Performance
✔✔Other word for Modifications - ✔✔Improvements
✔✔Easments that benefits the owner - ✔✔An Easement Appurtenant
