Lesson 3 Exam Review Questions And
All Correct Answers 2025.
The purchaser who decides to buy income property will calculate the difference between future
income and expenses to determine the: - Answer net income
The practice of channeling families with children away from other buildings into an apartment
building where other families with children reside is - Answer steering
the term "definite duration" refers to - Answer an estate for years
The civil rights act of 1866 prohibits discrimination in housing based on - Answer race
a broker managing properties owned by himself and others should - Answer put all security
deposits from others' and his own properties in one trust account and all rents from others and
his own properties in another trust account
The agency responsible for enforcing the Fair Housing Act is the - Answer Department of
housing and urban development (HUD)
A broker fails to perform as promised under a property management contract. This would best
be described as - Answer breach of agency
It is illegal for a lending institution to refuse to make a residential real estate loan in a particular
area only because of the - Answer location of the property
A property manager is typically - Answer a general agent
In order to file a complain of discrimination the complainant must - Answer suspect that
discrimination has occured
An owner-tenant relationship would most likely be established by - Answer periodic estate
All Correct Answers 2025.
The purchaser who decides to buy income property will calculate the difference between future
income and expenses to determine the: - Answer net income
The practice of channeling families with children away from other buildings into an apartment
building where other families with children reside is - Answer steering
the term "definite duration" refers to - Answer an estate for years
The civil rights act of 1866 prohibits discrimination in housing based on - Answer race
a broker managing properties owned by himself and others should - Answer put all security
deposits from others' and his own properties in one trust account and all rents from others and
his own properties in another trust account
The agency responsible for enforcing the Fair Housing Act is the - Answer Department of
housing and urban development (HUD)
A broker fails to perform as promised under a property management contract. This would best
be described as - Answer breach of agency
It is illegal for a lending institution to refuse to make a residential real estate loan in a particular
area only because of the - Answer location of the property
A property manager is typically - Answer a general agent
In order to file a complain of discrimination the complainant must - Answer suspect that
discrimination has occured
An owner-tenant relationship would most likely be established by - Answer periodic estate
