A landlord enters into a lease with a tenant. The lease contains a provision stating that, if the
landlord decides to sell the property during the term of the lease, the tenant will have the first
right of refusal to purchase the property. Prior to the tenant's lease expiration, the landlord would
like to sell the property. The landlord:
must offer the tenant the first opportunity to purchase
3 multiple choice options
Which of the following types of legal descriptions identifies a property by outlining its boundaries
in terms of a series of directions and distances from a specific point of origin?
metes and bound
3 multiple choice options
Previous
Play
Next
Rewind 10 seconds
Move forward 10 seconds
Unmute
0:00
/
0:15
Full screen
Brainpower
Read More
If a purchase contract for a commercial property includes a due diligence contingency for the
buyer, then the buyer MAY:
terminate the contract if the buyer is not satisfied with the inspection
3 multiple choice options
Which of the following actions is an example of blockbusting?
stating that the presence of certain persons in a neighborhood will increase crime
3 multiple choice options
, When a contract states that "time is of the essence," the contract MUST be delivered and
presented:
as soon as possible
3 multiple choice options
In order for a property manager to determine net operating income on a property, which of the
following fees is subtracted from the effective gross income?
operating expenses
3 multiple choice options
A broker lists a property. The broker advertises and shows the property several times, but after
each showing, the owners call the broker with a list of unreasonable restrictions they want
placed on the showing of the property. The broker decides not to continue the listing. In this
situation, the broker:
may rescind the listing contract upon obtaining permission from the owners
3 multiple choice options
A portion of an advertisement reads: "New four-bedroom, two-bath home for sale in a family
neighborhood. Yours for only $1,100 per month." This advertisement VIOLATES the provisions
of the:
Truth in Lending and Fair Housing Acts
3 multiple choice options
The CERCLA is administered by the:
Environmental Protection Agency (EPA)
3 multiple choice options
A net lease affords the lessee the:
deduction for real estate taxes
3 multiple choice options
If a broker lists a property and agrees to net the seller $83,000 after the broker's 6%
commission is paid, the property must be sold for a MINIMUM of:
$88,298
3 multiple choice options
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller phylliswambui. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
