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48. The current status of items from the county records affecting the property’s title is called the: a.  coinsurance clause.  b.  title insurance. c.  preliminary title report. d.  none of the answers are correct.

40. The salesperson exam requires what percent of correct answers to pass? a.  60%                  b.  80%                 c.  70% d.  90%

44. If the prospective investor of real property is most concerned with making money off the usefulness of the improvements, he or she would be most concerned with: a.  economic life remaining in the improvements.         b.  physical life remaining in the improvements.       c.  chronological age of the improvements. d.  none of the answers are correct.

56. An agent who intentionally shows minorities homes for sale in a minority neighborhood only and refuses to communicate the availability of housing in other neighborhoods is guilty of: a.  redlining.                     b.  block busting.                                                 c.  poor taste. d.  steering.

39. An ownership interest in real property that only exists for the life of any designated person or persons (often the grantee) is called a(n): a.  life estate.             b.  estate in waiting.        c.  less-than-freehold estate. d.  estate in remainder.

31. The Fair Employment and Housing Act prohibits: a.  targeting.                            b.  redlining                      c.  redistricting. d. gerrymandering.

65. Which of the following forms are included in the “Listing Package”? a.  Disclosure Regarding Real Estate Agency Relationship (AD)   b.  Possible Representation of More Than One Buyer or Seller – Disclosure and Consent      (PRBS) c.  Wire Fraud and Electronic Funds Transfer Advisory (WFA) d.  All of the answers are correct

12. When prices rise due to shortages of available properties, it is known as a: a.  buyer’s market.                             b.  seller’s market.                                  c.  lender’s market. d.  deflationary market.

2. A contract that is binding and enforceable in a court of law is said to be: a.  proprietary.       b.  illusory.           c.  valid.           d.  all answers are correct.

15. Which of the following is a requirement of a lease? a.  Length or duration of lease                       b.  Amount of rent                      c.  Names of parties d.  All answers are correct