Hondros Principles & Practices: Final Exam Practice Questions and Answers
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Course
Hondros College- Real Estate
Institution
Hondros College- Real Estate
Hondros Principles & Practices: Final Exam
Practice Questions and Answers
which of the fiduciary duties owed by a real estate licensee to his or her
client survives the termination of the agency relationship?
(a) confidentiality
(b) disclosure
(c) loyalty
(d) obedience - Answer️️ -(a) co...
Hondros College
(c) Suzanne still owns 33%, and the rest is split between Mary and Meg's
heirs.
(d) The estate ends at the death of the majority of the co-owners. -
Answer✔️✔️-(b) Suzanne owns the property in severalty.
On a settlement statement, a new mortgage loan generally appears as a
(a) credit to the buyer
(b) credit to the seller.
(c) debit to the buyer.
(d) debit to the seller - Answer✔️✔️-(a) credit to the buyer.
Alice conveys a life estate to youngest daughter Bonnie for as long as her
husband Chris shall live and then to niece Darlene. Whose life is the
measuring life?
(a) Alice
(b) Bonnie
(c) Chris
(d) Darlene - Answer✔️✔️-(c) Chris
Agent Leo and his client Hannah have just signed an open listing
agreement that will pay Leo a 6.5% commission if he finds a willing and
able buyer for her house.
Margaret Jones buys a house. She gets married and is now Margaret Smith.
To clear the cloud on the title caused by having a different name on the
deed used to convey her property to someone else, Margaret can file a
- A quitclaim deed can be used to correct this break in the chain of title.
- A correction deed or a deed of confirmation might also be used.
ABC Remodeling Corporation buys a new warehouse for their trucks and
excess building materials. How will they take title?
(a) joint tenancy
(b) tenancy by the entireties
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