Author: Anonymous

50. Which statement about about the economic concept of demand is FALSE?

80. What type of lease arrangement requires the tenant to pay a fixed rent amount plus property expenses such as property taxes and hazard insurance?

18. If a tenant vacates a rental unit at the end of the lease period, how many days does the landlord have by law to return the security deposit to the tenant if the landlord does NOT intend to claim part of the security deposit?

38. The statue of frauds requires that 

69. The covenant of further assurance is included in which type of statutory deed?

56. Ten years ago a vacant lot in a subdivision was purchased for $30,500. The owner hired a general contractor to build a home on the lot. The contractor charged $375,000. The homeowner is planning to refinance the mortgage. The bank recently appraised the home at $410,000. What is the value of the property?

53. Which legal instrument states the loan amount, interest rate, repayment method, and maturity date?

55. A transaction broker does NOT have which duty?

25. A sales associate receives an earnest money deposit on Friday morning. Assuming no legal holidays are involved, the broker has until the end of business on which day to place the earnest money in escrow ?

31. Which item is entered on the closing disclosure as a credit to the seller?