89. A contract for sale and purchase stipulates that the seller will pay for title insurance. The contract further states that the seller will choose the title insurance company. Which statement applies to this situation?
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78. Which document must a prospective buyer of an existing (…
78. Which document must a prospective buyer of an existing (resale) condominium unit receive?
54. A type of real estate investment that offers diversifica…
54. A type of real estate investment that offers diversification and liquidity and that is similar in form to a mutual fund is called
21. Which statement is FALSE regarding postdated earnest mon…
21. Which statement is FALSE regarding postdated earnest money checks?
74. A written contract for sale and purchase of commercial p…
74. A written contract for sale and purchase of commercial property that utilized designated sales associates failed to close. Which statement is TRUE regarding the retention of brokerage relationship disclosure documents?
92. You are analyzing an investment property. You forecast t…
92. You are analyzing an investment property. You forecast the effective gross income to be $396,000. The operating expenses for this property, including a $4,400 reserve for replacements, total $176,000. What is the property’s net operating income?
57. A sales associate receives a deposit from a buyer on Wed…
57. A sales associate receives a deposit from a buyer on Wednesday morning. The associate must
67. Can an insurance company refuse to provide insurance cov…
67. Can an insurance company refuse to provide insurance coverage to applicants within a particular neighborhood because of the racial and ethnic characteristics of the neighborhood?
51. A baptist church owns a convalescence home for its membe…
51. A baptist church owns a convalescence home for its members . The church only admits members of its church to the convalescence home . Which statement is TRUE regarding this practice?
72. A seller lists her vacant lot with a real estate company…
72. A seller lists her vacant lot with a real estate company. The seller specifies in the listing agreement the minimum amount of cash she must receive at closing. What type of listing does this describe?