When is a bringdown endorsement issued? correct answers Prior to close of escrow
A loan is paid in full but the release is never recorded. What is true? correct answers A cloud remains on title
When an attorney gives an abstract of title, he would also give: correct answers An opinion
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When is a bringdown endorsement issued? correct answers Prior to close of escrow
A loan is paid in full but the release is never recorded. What is true? correct answers A cloud remains on title
When an attorney gives an abstract of title, he would also give: correct answers An opinion
Buyer purchases property and receives a warranty deed. What would not transfer with the deed? correct answers Annual crops
Who would hold title to real estate? correct answers Life tenant with a life estate
What is an appraisal? correct answers An opinion of value for the day the appraisal only
What is market value? correct answers The price the property is likely to bring in an "arms length" transaction
The key factor of an exclusive right to sell listing is: correct answers Broker is paid no matter who sells the property
Seller tells the broker he only wants to see full price offers. An offer is received less than full price, what should the broker do? correct answers Must present the offer
Seller and buyer sign a purchase contract. The buyer wishes to give it to another party. This action is called: correct answers Assignment
The seller tells the broker they would like to sell their property furnished. The agent should do all
of the following EXCEPT: correct answers Add the personal property to the deed
Puffing comments were made by a real estate agent to describe a property. These comments would be considered: correct answers Legal exaggeration
Seller tells the broker he only wants to see full price offers. What must the broker do when an offer is received that is less than full price? correct answers Must present the offer
What is friable material? correct answers Asbestos
When a property is sold in "as is" condition, this means: correct answers The seller will not make
any necessary repairs.
The 1988 Fair Housing Act protected which class? correct answers Families and handicapped
Brokerage companies have an agreement to not take listings in each other's area. This practice would be: correct answers Violation of anti-trust laws
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