Superior school of real estate exam Questions & Answers Solved 100% Correct!!

A CORRECT statement about the Civil Rights Act of 1866 is that it - provides NO exception to the illegality of racial discrimintaion in housing A CORRECT statement about the Federal National Mortgage Association (FNMA) is that it - purchases mortgages in the secondary mortgage market A residential lot is 385 feet wide and 120 feet deep. How many acres does the lot contain - 1.06 According to the common law of agency, a real estate licensee acting as a subagent of an employing broker MUST - be loyal to the interest of the brokers principal According to the federal fair housing. Law which of the following would be considered a member of a protected class? - Pregnant women According to the statute of frauds contracts for which of the following must be in writing in order to be enforceable ? - For the sale or exchange of real property Advertisement which of the following statements would bea violation of TILA/Reg Z - Home available with a monthlv PITI pavment of $995 An individual who owns property and is renting the property to tenants has what primary obligation to the tenants? - keep property in a fit and habitable condition FHA loans? - Are funded by primary lenders Funds for dept of veteran affair are most likely to be provided by? - Approved lenders How many acres In following: NE 1/4 of the NW 14 and the S 1/2 of the NW ¼4 of the NE 14 and the NW 1/4 of the SW 14 - 100 If all the deeds a buyer can receive from a seller which one provides the least amount protection to the buyer? - Quit claim deed If the annual property tax bill is $1450 and the tax rate is $1.85, what is the properties assessed value? - $78,378 In NC, fair housing complaints are referred by HUD to - NC Human Relations CommissionLicensee is listing a property and wants a commission regardless of who actually finds a buyer. What type of listing? - Exclusive right to sell Real estate professionals are prohibited from engaging in which of the following practices by the federal antitrust law - Price fixing