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1. A salesperson's client is the lessee. Who does the salesperson represent?
A) tenant
B) lien holder
C) lender
D) landlord
2. An offer of $569,000 is verbally accepted by a seller. Two hours later an offer of $589,000 is presented to the seller, which the seller accepts in writing. Based on the above situation the first buyer is
A) Entitled to purchase the property.
B) Not entitled to the status as a backup offer.
C) Not entitled to purchase the property.
D) Entitled to an additional offer.
3. Which of the following will NOT be considered relevant if HUD investigates a prospective home buyer's allegation of discriminatory treatment by a licensee in a brokerage office?
A) the reports of undercover testers who visited the office
B) whether or not the HUD Equal Housing Opportunity poster is displayed in the office
C) records of the houses shown and properties suggested to the prospective buyer
D) whether the licensee believed they were acting in the best interests of the prospective buyer
4. Two top licensees in a small town have agreed not to show listings of a new real estate firm charging a low commission rate to sellers. This behavior is a violation of the
A) Sherman Antitrust Act.
B) Equal Credit Opportunity Act.
C) Blue-Sky laws.
D) federal fair housing laws.
5. A licensee whose license has been suspended is required to
A) Appeal the decision within 14 days.
B) Do nothing; no action is required.
C) Stop working, but may still make referrals.
D) Surrender the license to the Board of Registration.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: D |
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