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62. Impound reserves can be used to pay: a.  employees’ salaries. b.  maintenance expenses .      c.  fire insurance and property taxes. d.  none of the answers are correct.

The definition in the textbook of process of delivering technology, data sets and processes to a business function is:

65. Tenant A has a month-to-month tenancy with landlord B. What is the minimum number of days’ notice that A must give if she wishes to vacate? a.  14                                              b.  15                                     c.  30 d.  20

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

18. The “Disclosure Regarding Real Estate Agency Relationships” form tells the seller and the buyer that their agent is working as: a.  the seller’s agent.      b.  the buyer’s agent. c.  both seller’s and buyer’s agent.      d.  any of the answers are correct.

71. A set number of days in which a lender will allow payments to be late without penalty is known as a: a.  waiting period. b.  grace period.  c.  maturation period. d.  none of the answers are correct.

67. What is NOT one of the four unities involved in the establishment of a joint tenancy? a.  Conveyance   b.  Title      c.  Time d.  Interest

94. A clause allowing an owner to continue using property in a way that is now prohibited by new zoning is called: a.  a conditional use permit.                  b.  police power.              c.  a grandmother clause. d.  a grandfather clause.  

HIE is: __________________.

52. An emancipated minor: a.  has legal capacity.       b.  is always emancipated.                    c.  can acquire property.       d.  all answers are correct.