43. If a broker were to say to a prospective buyer “I think…

43. If a broker were to say to a prospective buyer “I think this is the best house on the street,” the statement would be considered a(n): a.  innocent misrepresentation.            b.  negligent misrepresentation.                       c.  fraudulent misrepresentation. d.  exaggeration of benefits (puffing).

5. The difference between “property taxes” and “special asse…

5. The difference between “property taxes” and “special assessments” is that: a.  special assessments are levied for the cost of specific local improvements, while property tax revenue goes into the general fund. b.  assessment liens can only be levied by local improvement districts. c.  foreclosure of assessment liens can only be achieved by court foreclosure. d.  assessment liens are always subordinate to property tax liens.

4. Which of the following forms is including in the CAR® “Li…

4. Which of the following forms is including in the CAR® “Listing Package”? a.  Disclosure Regarding Real Estate Agency Relationship                         b.  Possible Representation of More Than One Buyer or Seller                c.  Wire Fraud and Electronic Funds Transfer Advisory d.  All answers are correct

56. Which of the following is TRUE concerning “illusory cont…

56. Which of the following is TRUE concerning “illusory contacts”? a.  They are unenforceable                   b.  They are definite and certain                       c.  They are enforceable d.  None of the answers are correct

70. The income approach is most effective: a.  with single-…

70. The income approach is most effective: a.  with single-family homes or lots.                 b.  with new, unique, or public buildings.                    c.  for properties that can generate income. d.  all answers are correct.