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Question 1 1. What is typically the minimum amount of time it takes for a lender to begin foreclosure action against a borrower who is delinquent on home loan payments?
Question 2 2. Which of the following elements must a buyer representation agreement contain?
Question 3 3. What is the difference between an actual notice and a constructive notice?
Question 4 4. What does MLS stand for?
Question 5 5. Which of the following is incorrect about a contract for deed?
Question 6 6. The place where real estate documents are recorded may be called:
Question 7 7. ____ requires both intent and conduct while ____ only requires certain conduct to trigger termination of an easement.
Question 8 8. Real estate brokers:
Question 9 9. Which of the following conveys an interest in real estate?
Question 10 10. Which of the following is the formal term for a violation of a lease clause?
Question 11 11. David asks Betty if she would mind if he built a shed that would encroach on her property by two feet. She agrees. The following day, and prior to construction, Betty tells David she's changed her mind and he can't encroach. What is the result?
Question 12 12. Which of the following is a disadvantage of specializing in specific types of properties?
Question 13 13. Which of the following is NOT inspected during a professional property inspection?
Question 14 14. Who writes the check that pays the real estate commission fee at closing?
Question 15 15. Which of the following survey methods can be used to write a legal description of a property?
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