ASREB Practice Exam, Sessions 1-18 Study Guide Latest Version Graded A+

ASREB Practice Exam, Sessions 1-18 Study Guide Latest Version Graded A+ 'THE TEST' STUDY GUIDE Which of the following is in the proper order of occurence Lis pendens, judgement, execution 'THE TEST' STUDY GUIDE A closing disclosure would be used in Residential housing 'THE TEST' STUDY GUIDE A contract based on illegal consideration is Void 'THE TEST' STUDY GUIDE A contract of adhesion would refer to Standard 'take it' or 'leave it' contract 'THE TEST' STUDY GUIDE A degree or interest of the ownership is best described as Estate 'THE TEST' STUDY GUIDE A land owner allows another person to use his or her land without creating an encumbrance on their land. What best describes this right License 'THE TEST' STUDY GUIDE A listing which employs many brokers and allows the seller commission is called Open listing 'THE TEST' STUDY GUIDE A mortgage banker borrows on existing loans they hold this is called warehousing 'THE TEST' STUDY GUIDE A mortgage contingency clause would contain all the following except Name of lender 'THE TEST' STUDY GUIDE A person is selected to settle a dispute between a buyer and seller. The decision will be binding on all parties. This person is called Arbitrator 'THE TEST' STUDY GUIDE A property management agreement would contain all the following except Method of reporting on prospective tenants 'THE TEST' STUDY GUIDE