Real Estate Practice Exam 2 AceableAgent Questions and Correct Answers | Latest Update
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Course
Real Estate
Institution
Real Estate
Which of these is a red flag for predatory lending?
There are unexpected, undisclosed lender fees that appear at closing.
Percy is a broker who oversees three agents. If one of the agents violates the law, which of
the following is TRUE of Percy?
Because of his vicarious liability Perc...
Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
Real Estate Practice Exam 2 AceableAgent
Questions and Correct Answers | Latest
Update
Which of these is a red flag for predatory lending?
There are unexpected, undisclosed lender fees that appear at closing.
Percy is a broker who oversees three agents. If one of the agents violates the law, which of
the following is TRUE of Percy?
Because of his vicarious liability Percy may be held liable for the agents
actions.
The government seizes Farsch's property to expand a highway. What is this an example of?
Eminent domain and involuntary alienation
What do the statute of limitations and the doctrine of laches have in common?
Both are concerned with making sure legal claims are made within a
reasonable time frame.
What is the maximum amount the Pennsylvania recovery fund will pay for a single
transaction?
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, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
$20,000
What is a lien that applies to a certain property only?
Specific Lien
Cameron lives exactly 12 miles away from his friend Jeremy. How many feet does that equal?
$63,360
A 10-foot river runs along the border of Royce's property. What rights govern his use of this
water?
Riparian Rights
All of the following are examples of material facts requiring disclosure in a real estate
transaction EXCEPT:
Familial status of the previous occupants
What is panic peddling?
The illegal practice of causing owners to sell their homes by creating fear
that members of a protected class are moving into the area.
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