In the WB-1 Residential Listing Contract, who has the authority to accompany a home inspector during a home inspection?
The buyer
All of the
... [Show More] following would be examples of public land use restrictions EXCEPT:
A:bulk zoning
B:deed conditions
C:setbacks
D:spot zoning
deed conditions
When a depository institution remits the interest earned on a firm's interest-bearing trust account to the Department they must inform the firm of all the following EXCEPT the:
A:Rate of interest applied to the account
B:Account balance
C:Interest earned on the account
D:Service charges on the account
Interest earned on the account
A licensee wishes to sell the licensee's personally owned property without the assistance of the licensee's real estate company. At what point must the licensee disclose the licensee's licensed status?
A:At the time the buyer decides to write the offer
B:Prior to accepting the buyer's offer or counter-offer
C:As soon as possible whether that be a showing or first contact with a buyer or agent of the buyer
D:At some point prior to closing the transaction
As soon as possible whether that be a showing or first contact with a buyer or agent of the buyer
A licensee is going to list a property improved with a structure. Which of the following statements best describes a licensee's inspection duties?
A:A licensee needs to complete a reasonably competent and diligent inspection only if requested by the parties.
B:A licensee needs to complete a reasonably competent and diligent inspection to detect observable, material facts.
C:A licensee needs to complete a reasonably competent and diligent inspection to detect observable, material adverse facts.
D:A licensee does not have an inspection obligation.
A licensee needs to complete a reasonably competent and diligent inspection to detect observable, material adverse facts.
What state agency owns the interest earned on a firm's Interest Bearing Real Estate Trust Account (IBRETA)?
A:The Department of Safety and Professional Services
B:The Department of Agriculture, Trade and Consumer Protection
C:The Department of Financial Institutions
D:The Department of Administration
The Department of Administration
A licensee is working with a deaf individual. The individual needs an interpreter to understand the real estate contracts. Who is required to pay for the interpreter?
A:The seller
B:The firm
C:The buyer
D:Housing and Urban Development
The firm
A city zoning board changes the zoning for a single parcel of property to meet a public need. This would be called:
A:a variance
B:downzoning
C:nonconforming use
D:spot zoning
spot zoning
What document does a seller use to convey ownership of personal property to a buyer?
A:An abstract of title
B:An evidence of ownership
C:A warranty deed
D:A bill of sale
A bill of sale
Compare the WB-13 Vacant Land Offer to Purchase to the WB-11 Residential Offer to Purchase. Which of the following statements is most correct?
A:The WB-13 financing contingency requires a well water and septic test whereas the WB-11 financing contingency does not.
B:The WB-13 must have a legal description and the WB-11 does not.
C:The WB-13 includes a map contingency.
D:The WB-13 includes a provision requiring the seller to provide the buyer with a survey of the property and the WB-11 does not have any survey language.
The WB-13 includes a map contingency.
Who signs a deed?
A:The seller and buyer
B:The buyer
C:The seller
D:The seller and seller's attorney
The seller [Show Less]