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MetroBrokers Final Exam Practice Test 2024 Questions Graded A+ WITH Correct Solutions
[Show more]MetroBrokers Final Exam Practice Test 2024 Questions Graded A+ WITH Correct Solutions
[Show more]What is the function of a Bill of Sale? Of a Deed? - ANS Answered by to sell personal property, deed: sale of real property_____ 
real estate 
 
Real property consists of what two (2) elements? 
Answered by____________ - ANS land , attachments / appurtenances ( runs with the lan...
Preview 2 out of 7 pages
Add to cartWhat is the function of a Bill of Sale? Of a Deed? - ANS Answered by to sell personal property, deed: sale of real property_____ 
real estate 
 
Real property consists of what two (2) elements? 
Answered by____________ - ANS land , attachments / appurtenances ( runs with the lan...
A Restaurant owner installed booths in a small shop. Later he decided to move to a bigger 
location. Can he take the booths and save some money? 
 
a. No, the booths are attached to the building 
b. Maybe, depends how he attached the booths 
c. Yes, the booths are trade fixtures and can be remove...
Preview 4 out of 37 pages
Add to cartA Restaurant owner installed booths in a small shop. Later he decided to move to a bigger 
location. Can he take the booths and save some money? 
 
a. No, the booths are attached to the building 
b. Maybe, depends how he attached the booths 
c. Yes, the booths are trade fixtures and can be remove...
How does a broker prove they are not culpable if an agent makes a mistake? - ANS 1. Reasonable supervision was available to agent 
2. Broker had nothing to do with the infraction 
3. The broker did not ratify the infraction (Did not see it happen without telling them to stop) 
 
What are Trad...
Preview 3 out of 16 pages
Add to cartHow does a broker prove they are not culpable if an agent makes a mistake? - ANS 1. Reasonable supervision was available to agent 
2. Broker had nothing to do with the infraction 
3. The broker did not ratify the infraction (Did not see it happen without telling them to stop) 
 
What are Trad...
A Restaurant owner installed booths in a small shop. Later he decided to move to a bigger 
location. Can he take the booths and save some money? 
 
a. No, the booths are attached to the building 
b. Maybe, depends how he attached the booths 
c. Yes, the booths are trade fixtures and can be remove...
Preview 4 out of 37 pages
Add to cartA Restaurant owner installed booths in a small shop. Later he decided to move to a bigger 
location. Can he take the booths and save some money? 
 
a. No, the booths are attached to the building 
b. Maybe, depends how he attached the booths 
c. Yes, the booths are trade fixtures and can be remove...
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