RE exam National (answers and questions)
100% correct
1. The initial SMA in an SMA permit stand for A // Special man-
agement area
2. Which 1 of these liens attaches only to the D // state tax lien
specific property named in the lien?
3. Generally the termination section of purchase A // buyer is in
con- tact MUST be addressed timely as per the de- fault
terms of the contract, or the
4. In an agreement of sale when does legal title pass C // when
to the vendee vendee... full
price
5. A licensee is the property manager for a shopping
center. The shopping center owner tells the C // obedience
licensee to avoid in m because it
distracts the technol- ogy. The licensee discusses
this with the owner but eventually complies. Th_
compliance is due to the duty of
6. Limiting neighborhoods in which a licensee
shows houses because of a buyers race is D // steering
7. In a jurisdiction where a seller's property condition
disclosure is required, the licensee is responsible C // ensuring the
for buyer receives
8. Federal require a closing disclosure document
B // 3 days prior
provided by the lender. The broker should counsel
the borrowers to review this document and compare
it with the loan estimate document. The closing
disclo- sure should be received by the borrower
9. Broker A has created an extremely aggressive busi-
B // sherman an-
ness model which has allowed for very quick
titrust
success in the market. Other brokers in the market
area have decided not to allow Broker A to show
their listings or show broker A listings. This would
violate
1/
13
, RE exam National (answers and questions)
100% correct
10. A seller's property condition disclosure constitutes B // statement...
2/
13
100% correct
1. The initial SMA in an SMA permit stand for A // Special man-
agement area
2. Which 1 of these liens attaches only to the D // state tax lien
specific property named in the lien?
3. Generally the termination section of purchase A // buyer is in
con- tact MUST be addressed timely as per the de- fault
terms of the contract, or the
4. In an agreement of sale when does legal title pass C // when
to the vendee vendee... full
price
5. A licensee is the property manager for a shopping
center. The shopping center owner tells the C // obedience
licensee to avoid in m because it
distracts the technol- ogy. The licensee discusses
this with the owner but eventually complies. Th_
compliance is due to the duty of
6. Limiting neighborhoods in which a licensee
shows houses because of a buyers race is D // steering
7. In a jurisdiction where a seller's property condition
disclosure is required, the licensee is responsible C // ensuring the
for buyer receives
8. Federal require a closing disclosure document
B // 3 days prior
provided by the lender. The broker should counsel
the borrowers to review this document and compare
it with the loan estimate document. The closing
disclo- sure should be received by the borrower
9. Broker A has created an extremely aggressive busi-
B // sherman an-
ness model which has allowed for very quick
titrust
success in the market. Other brokers in the market
area have decided not to allow Broker A to show
their listings or show broker A listings. This would
violate
1/
13
, RE exam National (answers and questions)
100% correct
10. A seller's property condition disclosure constitutes B // statement...
2/
13
