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2) Which of the following is NOT a method to establish a real estate broker agency? Secret ballot Implied agreement       Express agreement   Estoppel

1) When a tenant voluntarily gives up a lease before the expiration of its term, it’s known as: forgiveness. forbearance. suspension. surrender.

17) Any sale of a substantial part of inventory or other supplies and equipment associated with a business: is illegal.          is a sale-leaseback. requires a PRLS license. is a bulk sale or transfer.

62) The “Alquist-Priolo Special Studies Zones Act” pertains to: flood zones.                earthquake fault zones.            registered sex offender zones. none of the above.    

86) What is the procedure used for transferring the deceased’s property to his or her heirs if there is no will? Intestate Succession             Accession              Escheat Prescription

99) You enter a hardware store where you have an account, pick up a pair of $5.00 pliers, and wave them at the manager as you leave the store. This would be an example of a(n): express contract.        mutual consent. implied contract.   all of the answers are correct.  

18) Which of the following is NOT a duty of the escrow company? Negotiating broker’s fees Confidentiality Deposit holder Conditional delivery of funds and documents

According to My Plate recommendations, half of our lunch and dinner plate should consist of which of the following foods?

15) If a person dies without a will, the procedure for transferring the deceased’s property to his or her heirs is called: accession.     intestate succession.   escheat by the federal government. none of the above.

70) Which clause in a purchase agreement sets, in advance, a specified amount of money as compensation if there is a breach? Statute of Limitations                        Pre-Nuptial Agreement               Liquidated Damages Agreement Advance Breach Agreement