, Accounting 1 of 15 pages
Circle the letter of the Answer that corresponds to the displayed Question.
1. The _____ must make the sellers disclosure statement available to the public if requested .
A: CMA ( competitive or comparative market analysis)
B: Allows an individual ( usually a tenant ) to match a purchase price or rent offered to landlord
third party. If tenant agrees to match price, then the property is sold or re-entered to the tenant
C: The cost of reconstructing the building as a new unit is estimated. Careful !don't pick an
D: The real estate licensee must make the sellers disclosers statement available to the public if
2. What is a Deed in lieu of foreclosure ?
A: The employment contract is known as the LISTING agreement when working for the seller
B: Upon default , lender agrees not to go through foreclosure and accepts a deed from
C: Reverse Mortgage. The purpose of a reverse mortgage is to supplement the mortgagors
D: unpaid property tax .
3. Mortgage Discharge ( release/satisfaction )
A: Grantors (sellers) period of ownership .
B: Expressed agreement
C: issued and recorded by the lender as evidence of releasing the lien that the mortgage created
D: REVOKE YOUR CURRENT OFFER
4. What principal of vale would apply for someone who wants to buy an empty lot in a busy city
A: If you have someone that wants a vacant lot in a busy city who wants to turn it into a parking
B: 10 days
C: The real estate licensee must make the sellers disclosers statement available to the public if
D: Legal interest that buyer acquires in property after signing of a contract ( purchase
by all parties that gives her the legal right to compel the seller to deliver title to property when
5. Tenancy for years
A: Encapsulation of asbestos may be safer than removal .
B: NOT in insulation .
C: If you have someone that wants a vacant lot in a busy city who wants to turn it into a parking
D: A lease with a beginning date and an end date . Don't be fooled: 3 month lease could be a
6. What is required for sale and rental of property that contains lead based paint as ell as (EPA)
A: Silent fraud
B: Retail
C: When refinancing residential property an owner may rescind the loan within 3 business days
D: Special disclosure
GoldenChapter – Stuvia 2024/2025 Edition
Circle the letter of the Answer that corresponds to the displayed Question.
1. The _____ must make the sellers disclosure statement available to the public if requested .
A: CMA ( competitive or comparative market analysis)
B: Allows an individual ( usually a tenant ) to match a purchase price or rent offered to landlord
third party. If tenant agrees to match price, then the property is sold or re-entered to the tenant
C: The cost of reconstructing the building as a new unit is estimated. Careful !don't pick an
D: The real estate licensee must make the sellers disclosers statement available to the public if
2. What is a Deed in lieu of foreclosure ?
A: The employment contract is known as the LISTING agreement when working for the seller
B: Upon default , lender agrees not to go through foreclosure and accepts a deed from
C: Reverse Mortgage. The purpose of a reverse mortgage is to supplement the mortgagors
D: unpaid property tax .
3. Mortgage Discharge ( release/satisfaction )
A: Grantors (sellers) period of ownership .
B: Expressed agreement
C: issued and recorded by the lender as evidence of releasing the lien that the mortgage created
D: REVOKE YOUR CURRENT OFFER
4. What principal of vale would apply for someone who wants to buy an empty lot in a busy city
A: If you have someone that wants a vacant lot in a busy city who wants to turn it into a parking
B: 10 days
C: The real estate licensee must make the sellers disclosers statement available to the public if
D: Legal interest that buyer acquires in property after signing of a contract ( purchase
by all parties that gives her the legal right to compel the seller to deliver title to property when
5. Tenancy for years
A: Encapsulation of asbestos may be safer than removal .
B: NOT in insulation .
C: If you have someone that wants a vacant lot in a busy city who wants to turn it into a parking
D: A lease with a beginning date and an end date . Don't be fooled: 3 month lease could be a
6. What is required for sale and rental of property that contains lead based paint as ell as (EPA)
A: Silent fraud
B: Retail
C: When refinancing residential property an owner may rescind the loan within 3 business days
D: Special disclosure
GoldenChapter – Stuvia 2024/2025 Edition
