Center for Real Estate Final Exam
Questions & Answers: Comprehensive
Study Guide for Success 2024 updated
An equal housing opportunity notice MUST be
A.
Displayed in the brokerage office. "correct"
B.
Included in all written advertisements.
C.
Specified in all listing agreements and offers to purchase.
D.
Given to all prospective clients.
A minority couple comes to a salesperson looking for a house. The salesperson has some properties for
which the couple qualify, but avoids showing or mentioning these listings. Instead, the salesperson
shows only properties in low-priced and integrated neighborhoods. This practice is known as
Steering "correct"
B.
Blockbusting
C.
Redlining
D.
Conciliation
,An easement by prescription is NOT created if the property owner
has observed the claimant's use of the land.
B.
specifically grants permission for use of the land. "correct"
C.
allows for continuous use of the land use of the land.
D.
is unaware of the claimant's use of the land.
Regulation Z requires that the borrower be fully informed of all of the following EXCEPT
A.
The annual percentage rate.
B.
The total interest."correct"
C.
Loan fees.
D.
The origination fee.
At the time of listing, the seller tells the listing agent that they are moving because the neighbor has
loud parties every weekend. The agent should
A.
Suggest talking to the neighbor about being quiet.
B.
Schedule only daytime showings.
C.
, Tell potential buyers about the parties."correct"
D.
Do not tell anyone about the parties.
Which of the following acts is illegal?
A.
A non-licensed property owner sells a lot to a developer.
B.
A non-licensed banker collects rents on behalf of the bank.
C.
A licensed broker shares a commission with a real estate attorney."correct"
D.
A licensed salesperson assists a licensed broker with purchase negotiations.
The buyer wants to make the purchase offer contingent on a complex mortgage arrangement. The
buyer's agent who is drawing up the contract should
A.
Include the provision for the mortgage at the buyers' request.
B.
Suggest the buyer ask a lawyer to furnish the wording."correct"
C.
Consult the supervising broker for advice.
D.
Refer the matter to the seller's agent.
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