
National Group Quiz: 3/1/24
Quiz by Ashlei Frank
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
The term debt service refers to:
A commercial broker listed a storefront for rent. A tenant was procured. After the lease was signed, the owner refused to pay the listing broker. In order to obtain his fee, the broker could:
A listing agreement is a contract between:
During a 90 day listing agreement, the seller dies:
When counseling seller-clients, an agent should do all of the following except:
An advertisement in the local newspaper advertises that a property for rent is only available to senior citizens over the age of 55. A young couple with a child asks to see the property; they are denied access. Which law has been violated?
A sales agent reads in the local paper that a seller is offering property for sale by owner with a 3% fee to any broker who brings in a buyer. The agent asks to show the property to a buyer. What type of listing has the seller offered?
The sources of law that affect real estate transaction and activity are:
A buyer's agent is showing buyers a piece of property for the first time. The buyers ask the agent if there is any dampness in the basement. The agent responds, ""to my knowledge, there is no dampness in the basement."" The agent would be guilty of which of the following?
A sales agent is about to take a listing. The sellers indicate that they do not wish to have the property shown to anyone of a certain racial background. The real estate agent complies with the sellers' request.
Al is a co-owner of a property in the Bahamas. He is permitted to stay there only the third week of December and the fourth week of August annually. This type of ownership is called?
The legal description of a property based upon points of beginnings, distances, directions and degrees is a/an:
It would be against the Canons of Ethics for an appraiser to:
The assessed valuation of property would best indicate its:
The provision on a promissory note or mortgage that calls the entire amount of the unpaid loan balance due upon the happening of a certain event is known as a/an:
While preparing to buy a corner piece of property, you discover that there used to be an old gas station on the location. What federal regulation should you be concerned with?
A clause used in a mortgage allowing the lender to call for the full payment of the mortgage because the owner transferred ownership of the property to a third party is known as the:
Sally wishes to guarantee that her grandchildren receive her home and farm after her son dies. She should then:
A viable alternative to foreclosure would be:
Tom and Sally are not married, but own a rental property together. Because they also have a right of survivorship, they most likely own the property in: