Topic Exam: Fair Housing & Property Management Questions With Solved Solutions.

Which of the following is NOT required of the broker to assess and receive broker mark-ups and/or other compensation for services performed by any third party or affiliated business entity is to 1. Fully account for the amounts or percentages of compensation assessed 2. Obtain prior written consent 3. Use the appropriate form to notify the Real estate commission 4. Retain records that verify disclosure and consent - Answer 3. Use the appropriate form to notify the Real estate commission A landlord may refuse to accommodate a known alcoholic with a history of one of the following without incurring a civil rights violation 1. The alcoholic also has the AIDS virus 2. The alcoholic has Down Syndrome 3. The alcoholic has exhibited disruptive, abusive and/or dangerous behavior 4. The alcoholic is less likely to be qualified - Answer 3. The alcoholic has exhibited disruptive, abusive and/or dangerous behavior A landlord shall within one month after the termination of a lease or surrender and acceptance of the premises, return the full security deposit unless the written lease agreement specifies a longer period of time, but not to exceed - Answer 60 days How many days prior to termination must a party desiring to terminate a tenancy at will serve a written notice to quit? - Answer 3 days Bids, invoices, contracts, or other written documentation must support all disbursements of funds from an escrow or trust account. Disbursements will be further revealed in the trust account, journal, and individual ledgers. For funds disbursed, the records maintained need NOT include 1. Date of payment and check number 2. Amount paid and the resulting balance 3. Name of the person who wrote the check off the account 4. Vendor documentation or physical records verifying purpose of payment - Answer 3. Name of the person who wrote the check off the account