Rockwell Cram Exam #4 Questions and Answers (Graded A)

Rockwell Cram Exam #4 Questions and Answers (Graded A)Rockwell Cram Exam #4 Questions and Answers (Graded A)Rockwell Cram Exam #4 Questions and Answers (Graded A)Rockwell Cram Exam #4 Questions and Answers (Graded A)Tina is representing the buyers in a transaction; she described the property's boundaries to her clients without clarifying that she was not sure that the boundaries were exactly precise. The buyers, upon taking possession, built a fence along the boundaries that she described, but the neighbors then filed suit because the fence didn't follow the actual boundaries and encroached on their land. Can Tina be held liable for misrepresentation? - ANSWER-Yes, because she reasonably knew that the described boundaries might not have been correct A mortgage includes a prepayment penalty of 3% of the loan's balance at the time of payoff, if the owner pays off the entire balance before a specified date. Monthly amortized principal and interest payments are $1,484.40, with a 5% annual interest rate. The borrower's balance after making the January 1st payment was $44,731.15. On February 1st, he made the next payment as scheduled, and then after that, paid off the entire remaining balance. What would the prepayment penalty be? - ANSWER-$1,302.99 A real estate agent completed a listing agreement form, which the sellers signed. At what point should the agent give the sellers a copy of the form? - ANSWER-Immediately after they sign the listing form