📕 National Practice Quiz Two

Which of the following is not a function of the antitrust laws?

Which of the following describes the best way to make sure you are securely accessing the company network remotely?

Ways a contract can be discharged include all of the following except

hen using the income approach, an appraiser would consider

________ occurs when one contracting party informs the other that he or she will not perform his or her contractual duties when due.

An exclusive agency listing allows the seller to sell without owing the broker a commission

The seller’s broker can fill out the property condition disclosure…

A seller’s statement in a property disclosure document means?

The type of easement usually given to a utility company so it can service equipment is an/a?

An easement can be created for what length of time?

Title transfers to the grantee when the deed is?

The phrase “to have and to hold” would appear in a deed as the?

Which of the following could be classified as noxious or annoying man-made conditions which are injurious to health or interfere with an individual’s sensitivities?

Which of the following would generally be included in the Phase I assessment of a parcel where hazardous substances may have been disposed?

Which of the following is a naturally-occurring radioactive gas located in soils with a concentration of uranium in the rock

MATCH: When the closing or consummation date of the sale, lease, or other real estate transaction has passed, or one or more parties have expressed an intention not to close, and the broker has not received conflicting or identical instructions from all the parties concerning how to disburse the escrowed funds.

A mortgage that covers more than one parcel of real estate is a

Once the initial rate has been set for an adjustable-rate mortgage (ARM), future interest rate adjustments are based on the upward and downward movements of

The person who is responsible for determining how the company charges for its services is

__________________ occurs whenever two or more competitors agree to take actions that have the effect of raising, lowering or stabilizing the price of any product or service without any legitimate justification.

Attorneys often engage appraisers to complete assignments for estates and divorces.

Parking spaces in multi-unit buildings, water rights, and similar things of value that convey with the property are classified as

When using the income approach, an appraiser would consid

A _________________ contract is an exchange of promises, which binds both parties.

Base lines

In helping a buyer to select a lender, if the buyer believes he has good credit and his income is documentable as a salary and by tax returns, the licensee might recommend a mortgage banker, instead of a mortgage broker, for all of the following reasons EXCEPT

Black mold is an environmental concern and is known as/to:

________ advertising is illegal

The type of easement that results from a landowners rights of ingress and egress to and from his or her land is an

A real estate broker wants to end racial segregation. As an office policy, the broker requires that salespersons show prospective buyers from racial or ethnic minority groups only properties that are in certain areas of town where few members of their groups currently live. The broker has prepared a map illustrating the appropriate neighborhoods for each racial or ethnic group. Through this policy, the broker hopes to achieve racial balance in residential housing. Which of the following statements is true regarding this broker’s policy?

The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) is commonly known as

Which of the following is a physical characteristic of land?

A contract that has no legal object is considered?

A contract shown by the actions of the parties would be a/an?

This occurs when one or more of the contracting parties perform only a portion of the agreed-upon contractual duties

A seller can limit the length of time for a buyer’s contingency to be met with an _______________