Question 1

Which of the following is incorrect regarding carbon monoxide inspection?

Options :

A : There is no additional fee if the inspection is done at the same time as the smoke detector inspection.

B : The inspection must be completed by a building inspector.

C : The inspection must be completed by the local fire department.

D : The inspection must be completed as a prerequisite to sell a residential property burning fossil fuel.

Answer: B

Question 2

While inspecting a tenant-occupied property, the buyer was told by the seller that the microwave oven would be included in the sale price. Upon possession, the buyer learned that the microwave oven belonged to the tenant and not the seller. Is the buyer entitled to the microwave oven?

Options :

A : Yes, because the buyers offer to purchase included all real property.

B : Yes, because all oral contracts for the sale of real property are enforceable.

C : No, because the microwave was the real property of the tenant.

D : No, because the seller did not have the right to include the microwave in the sale.

Answer: D

Question 3

A contract is delivered to the listing broker by a cooperating broker. The listing broker makes an appointment with the owner to present the offer at 7 p.m. of that day. Before 7 p.m., two more offers arrive on the same property. Which offer should be presented to the owner at the 7 p.m. appointment?

Options :

A : All three of the offers

B : The first offer received

C : The offer with the highest sale price

D : The offer most favorable to the seller, including price and all terms

Answer: A

Question 4

A first-year licensee without either a degree in finance, or a strong background in real estate investment should generally refrain from

Options :

A : listing commercial income property.

B : representing an owner who wants to sell raw land to a developer.

C : representing a first time home buyer.

D : acting as the seller's agent in selling an oceanfront lot to a retiree.

Answer: A

Question 5

An advertisement emphasizes information meant to appeal to a particular ethnic or national group in an effort to maintain the character of the neighborhood. From the viewpoint of the federal Fair Housing Act, this could constitute a violation known as

Options :

A : steering.

B : redlining.

C : blockbusting.

D : panic selling.

Answer: A

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