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Implementation project leaders must understand all of these except:

7. An “estate for years” is an example of a: a.  life estate.        b.  fee estate.       c.  freehold estate. d.  less-than-freehold estate for a fixed period of time.

51. The Federal Reserve’s monetary policies influence the supply of money by: a.  buying and selling government T-bonds and T-securities. b.  raising and lowering the reserve requirement. c.  raising and lowering the discount rate to member banks. d.  all answers are correct.

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