ASREB Exam Prep B-8 (Gold Packet)
Questions With Correct Answers
When a person buys a time share what type of ownership exists? Interval
A property manager owes his fiduciary relationship to: The owner
When would a gift be considered void? When giving a creditor preferential treatment
prior to filing bankruptcy
A blind ad: Gives no indication that the property is listed with a broker
A few brokers from different companies want to establish an office policy to list raw land at a
10% commission. The brokers are: In violation of the Sherman anti trust laws
V and W were found guilty of conspiring with each other to allocate brokerage markets. P
suffered a 90k loss because of their activities. If P brings a civil suit aganist them what can P
expect to recover? $270,000 plus attorney's fees and costs
The broker may, as a matter of office policy: Set the minimum commission rate
acceptable for the firm
Questions With Correct Answers
When a person buys a time share what type of ownership exists? Interval
A property manager owes his fiduciary relationship to: The owner
When would a gift be considered void? When giving a creditor preferential treatment
prior to filing bankruptcy
A blind ad: Gives no indication that the property is listed with a broker
A few brokers from different companies want to establish an office policy to list raw land at a
10% commission. The brokers are: In violation of the Sherman anti trust laws
V and W were found guilty of conspiring with each other to allocate brokerage markets. P
suffered a 90k loss because of their activities. If P brings a civil suit aganist them what can P
expect to recover? $270,000 plus attorney's fees and costs
The broker may, as a matter of office policy: Set the minimum commission rate
acceptable for the firm
