Real Estate Paper 72

1

Which of the following is a requirement for a valid agency relationship?






2

Which of the following statements best describes a real estate agent’s liabilities concerning environmental hazards?






3

A purchase in which the seller holds title until a specified number of payments have been made is known as a






4

In a loan closing, proper signatures on the promissory note create






5

The Civil Rights Act of 1866 prohibits discrimination in real estate based on






6

A buyer is obtaining a conventional loan that requires 29/33 ratios. He earns $75,000 a year, and has a $450 car payment.What is his maximum PITI payment?






7

The legal right to pass over your neighbor’s land is an






8

A heating and cooling engineer is drawing up the specifications for the HVAC system in a new building. The floor space measures 200′ × 150′ and the ceiling is 12′ high. How much air space does the engineer have to heat and cool?






9

The holder of a life estate may do all of the following EXCEPT






10

Ken Laughton’s house is “for sale by owner.” Robert Hall falls in love with it during an open house, tells Ken he’ll pay the full asking price, and promises to send Ken an earnest money check for $5,000. Ken accepts the offer. The contract between them is






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