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Question 1 1. What is the difference between an actual notice and a constructive notice?
Question 2 2. Tamara just found out that legal information about her property was published at the county clerk's office a few years ago. Her real estate agent didn't make her aware of the legal status, even though it was published. Tamara didn't have any idea about it, and couldn't have known because no one told her the information was there. Is this legal?
Question 3 3. In real estate sales transactions, which of the following parties' signatures are not essential?
Question 4 4. Which of the following items are prorated and divided between the buyer and seller?
Question 5 5. Mary gave Dennis a deposit for a car she planned to purchase. She never returned for the car, and the terms of the contract have expired. Mary sent Dennis a letter requesting her deposit back. What is likely to happen?
Question 6 6. Beth signed a contract to buy Bob's house. To convince Beth to purchase the home Bob informed her that he replaced the home's heater last year. However, Beth has discovered that the heater is more than 20 years old and that Bob lied to her. Beth may be able to rescind (cancel) their contract due to what type of contingency?
Question 7 7. The government seized David's property. It compensated him fairly and used the property for a military base. Was this a legal talking of David's property?
Question 8 8. Who must ALWAYS sign a deed?
Question 9 9. The bundle rights originated from the following:
Question 10 10. Jim's business 'Java and Scones' leases space at a retail mall. The company that manages the mall requires him to pay base rent as well as a portion of his sales revenue. Based on the information provided, what type of lease is this?
Question 11 11. Which of the following is a way a seller can get their house listed on a multiple listing service?
Question 12 12. Mary is a property manager. She has been contracted to perform all of the typical duties of a property manager. Which of the following would be outside of the scope of her typical duties as a property manager?
Question 13 13. What is the main health concern from radon gas?
Question 14 14. Who enforces CC&Rs?
Question 15 15. Leigh hires Jennifer to be her real estate representative. Jennifer will help Leigh find a house to buy and has the authority to place bids for Leigh after Leigh decides to make an offer. In this scenario, Leigh is the:
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