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 8. A broker who mixes personal funds with his or her principal’s funds is guilty of: a.  false promise. b.  commingling.  c.  divided agency. d.  conversion.

81. Depreciation can be: a.  curable.                                 b.  incurable.                               c.  loss in value from any cause. d.  all of the answers are correct.

51. An appraiser using the market approach collects many recent comparable sales. If a comparable property has a feature that is NOT present in the subject property, the estimated value of the feature is: a.  added to the sales price of the comparable.                    b.  just noted on the appraisal but nothing is done.   c.  subtracted from the sales price of the comparable. d.  none of the answers are correct.

27. For all practical purposes, discrimination laws evolved from Title VIII of the Civil Rights Act of 1968, 13th Amendment to the U.S. Constitution, and the U.S. Supreme Court Case: a.  Easton v. Strassburger .                     b.  Huber v. the State of California.                 c.  Jones v. Mayer. d.  None of the answers are correct.

7. A person who is authorized by the Secretary of State to witness the acknowledgment of documents is known as a(n): a.  administrator.                      b.  librarian.         c.  document doctor. d.  notary public.

16. A document that uses a property to secure the payment of a debt or the discharge of an obligation is called a(n): a.  lien. b.  I.O.U. c. tax Assessment. d.  grant deed.

47. If tenant just moves out or vacates the premises without formal surrender and never returns, it is called: a.  forbearance. b.  surrender. c.  lease termination. d.  abandonment

33. A fiduciary relationship with the principal requires which of the following? a.  Reasonable skill and care b.  Honesty, loyalty, integrity c.  Good faith and fair dealing d.  None of the answers are correct

5. For about how much assessed value is the Homeowner’s Property Tax Exemption? a.  $1,000                        b.  $7,000            c.  $2,000 d.  $200  

34. The person who hires or employs an agent to work for him or her is known as a(n): a.  employer. b.  contractor. c.  principal. d.  third party.