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Question 1 1. Which of the following can happen to a tenant if he causes damage to a rental property?
Question 2 2. If a property manager commits a fair housing violation, who could face government penalties?
Question 3 3. A _______ clause in a deed of trust or mortgage permits a nonjudicial foreclosure.
Question 4 4. A ____ gives a deed in lieu of foreclosure, and a ____ receives it.
Question 5 5. What is one advantage to having the correct agency agreement?
Question 6 6. What type of agency relationship can be created when a principal delegates authority that the agent accepts?
Question 7 7. Calvin not only has to make a loan payment every month but also escrow payments for insurance and taxes. Which of the following is the most precise name we can call Calvin's payment?
Question 8 8. How will the escrow agent typically know when he can release the property he is holding?
Question 9 9. Which of the following is not appropriate for the deposit into a broker's trust account?
Question 10 10. When a firm is advertising through online communications, which of the following is NOT required?
Question 11 11. What does EPCRA stand for?
Question 12 12. Which of the following is not a phase in the process of Environmental Assessment?
Question 13 13. Which of the following conditions could reasonably result in a seller being held liable? In none of these situations has the buyer been given any disclosure information.
Question 14 14. Why is it important that a seller disclose the location of a well on his or her property?
Question 15 15. Which of the following is correct about FHA loans?
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