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28. The closing date is: a.  always on the first day of the month.         b.  the date the documents are recorded.       c.  due before the payoff demand statement. d.  the date the listing agreement is signed.

96. An outdated kitchen would be an example of: a.  functional obsolescence.                       b.  functional depreciation.                                c.  economic obsolescence. d.  none of the answers are correct.

70. An information booth is called a(n): a.  kiosk.                                                                b.  turnkey.                                                                        c.  unearned increment. d. conduit.

32. If a landlord knows that there is a current bed bug infestation, he or she: a.  cannot show or rent vacant units.   b.  can show or rent vacant units if the interested party is informed of the situation.      c.  can show or rent vacant units if if the interested party is given a copy of the pest control report. d.  None of the answers are correct.

79. If a buyer defaults on a conditional sales purchase contract (land contract), who could file a quiet title action to remove the cloud on the title? a.  Broker  b.  Title insurance           c.  Buyer d.  Seller

52. An oath or affirmation made before a notary public that the content of an instrument is true is called a(n): a.  deed.      b.  actual notice.  c.  verification.      d.  none of the answers are correct.

33. If the “exact” terms of the listing agreement are met, the listing broker is entitled to a commission, even if the: a.  buyer is legally incompetent.           b.  broker is not licensed . c.  seller is not the legal owner. d.  owner refuses to sell to the buyer.

13. Other than an initial small deposit by the broker to open the account, when are money deposits in a trust account the personal property of the broker? a.  Never   b.  Only with the permission of the buyer        c.  Only during non-business days d.  Always

77. A document given to a tenant stating that he or she must pay past due rent or vacate is known as a(n): a.  Three-Day Notice to Pay.             b.  Unlawful Detainer.                c.  Writ of Possession. d.  Curb Summons.

21. A month-to-month rental agreement is usually a: a.  tenancy for years.      b.  periodic tenancy.       c.  tenancy at will. d.  tenancy at sufferance.