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83) A legal “artificial being” conducting business under a chartered name is a: sole proprietorship. partnership. corporation. none of the above.  

88)  Soliciting potential clients by telephoning people you don’t know is called: a. cold calling. b. warm calling. c. previewing. d. blind advertising.  

34)  Escrow can be terminated by all of the following, EXCEPT: a. seller’s rescission without buyer’s consent. b. completion of escrow. c. mutual agreement. d. court (interpleader) action.

61)  The type of listing in which the owners would be obligated to pay a commission to the broker even if the owners sell the property themselves during the listed period is: a. illegal in California. b. a multiple listing. c. an exclusive right to sell listing. d. an exclusive right to buy.  

43)  To earn a commission, a broker must produce a buyer who is: a. realistic, reliable, and ready. b. interested, sincere, and literate. c. ready, willing, and able. d. flexible, cooperative, and genuine.

57)  The source of most long-term financing for regional malls is: a. life insurance companies. b. commercial banks. c. savings banks. d. private lenders.

80) A charge to the borrower for paying off all or part of a loan balance before the due date: is illegal in California. is called a prepayment penalty. is called an impound account. all of the above.  

38) Advantages to home ownership include: appreciation. tax benefits. equity buildup. all of the above.  

29)  Thanks to Internet technology as an agent or broker you can now legally: a. get copies of your competitors tax returns. b. track how many potential buyers access a particular property’s website. c. spy on your competitor’s office through their webcam. d. all of the above.

90)  In order for agents to gain access to the house, keys are often kept: a. under a rock. b. in a lockbox. c. with a neighbor. d. all of the above.