PA STATE FINAL EXAM

One example of discrimination in lending is: - Answer- discriminating in a property appraisal. Other examples of lending discrimination include refusing to give a loan, refusing to provide loan information, and giving different terms for loans. Who provides detailed information about identifying consumer issues? - Answer- The Office of Pennsylvania's Attorney General The Office of Pennsylvania's Attorney General provides detailed information about identifying consumer issues and, where appropriate, filing complaints. A market study is made to find those comparable sales and listings that are what? - Answer- Similar to the property being appraised What is an area of commercial law that deals with a set of contractual, quasi-contractual and non-contractual fiduciary relationships involving an agent and a principal to create legal relations with a third party? - Answer- The law of agency what type of residential building does each owner have a percentage of ownership of the entire property? - Answer- A condominium What do you call an individual broker who is employed by another broker? - Answer- An associate broker What covenant assures that the grantor owns the estate to be conveyed and has the right to do so? - Answer- The covenant of seizen What describes land and anything attached to it? - Answer- Real property Who is responsible for the actions of real estate agents? - Answer- The broker according to the CAN-SPAM Act, commercial e-mailers must reveal the identity of the sender and: - Answer- the name of the advertiser entity. Commercial e-mailers must reveal the identity of the sender and the name of the advertiser entity. What is the only federal grant program with the sole purpose of helping private organizations prevent and address housing discrimination issues? - Answer- The Fair Housing Initiatives Program Which appraisal approach is a means of appraising a property based on the assumption