course exam with _ANS-
2025/2026
"Blind" advertising is prohibited; it must always reveal... - _ANS-the licensed name of the
brokerage firm
A broker shall be provided a reasonable amount of time to correct escrow errors if... - _ANS-
there is no shortage of funds and such errors pose no significant threat to economically harm
the public
A builder has a 100-acre plot of ground. He sets aside 20% for a school and playground, 15% for
roads, drainage, and sidewalks and 15% for a strip shopping area with parking. He plans to build
3 houses per acre. How many houses can be built on this property? - _ANS-150 homes
A comparable sold for $110,000 five months ago. You estimate that real estate values have been
rising at 1 percent per month during that period of time. How much is an identical house worth
today? - _ANS-$115,500
A condominium, or condo, is the form of housing tenure and other real property where a
specified part of a piece of real estate (usually of an apartment house) is individually owned
while use of and access to common facilities in the piece such as hallways, heating systems,
elevators, exterior areas is executed under legal rights associated with the individual ownership
controlled by... - _ANS-the association of owners
A contract for deed is typically used when the parties enter into a binding contract in which the
seller... - _ANS-contracts to deliver a deed at some future date after a designated amount has
been paid and allows the buyer to take possession while paying the agreed-on payments
, a creditor can go after a person's personal assets for the debts of a... - _ANS-general partnership
a deed in lieu of foreclosure is given to... - _ANS-the mortgagee by the mortgager
A licensee's responsibilities as a property manager include... - _ANS-coordinating with
homeowner's associations
a property sold last month can either increase in value or decrease in value due to... - _ANS-
market conditions
A refined older home on a well-landscaped corner is appraised and the appraiser recommended
that the building be razed. This would be for what reason? - _ANS-highest and best use of land
A rental agreement with a specific duration may contain a provision requiring the tenant to
notify the landlord before vacating the premises at the end of the rental agreement; however, a
rental agreement may not require more then... - _ANS-60 days notice before vacating the
premises
A restrictive covenant is a type of real covenant, a legal obligation imposed by the... - _ANS-
seller
A restrictive covenant is a type of real covenant, a legal obligation imposed in a deed by the... -
_ANS-seller
a warranty deed that protects the grantee against a loss - _ANS-defective title