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Please answer all parts. Parts 1-50

1 of 50 - In which of these places is asbestos not likely to be found? Roofing Adhesives in pressed wood Textured paint Vinyl floor tiles.

2 of 50- Which property would most probably have the longest lease term? Industrial property. Apartment. Office. Shopping center.

3 of 50- Which of the following is considered a fixed operating expense? Utilities Cleaning expenses Insurance premiums. Management fees. Previous Next

4 of 50 - Which statement is false about Internet advertising? On real estate web sites, a salespersons name cannot be displayed in type that is larger than the brokers name. Any ads placed on the Internet must have a link to the licensees email address. If a salesperson has a web site, the broker must supervise the site. Any ads placed on the Internet must have a link to the firms web site. Previous Next

5 of 50 Broker Jim signs a listing agreement with seller, Grace and a buyer agency agreement with buyer, Pat. Both Grace and Pat signed written disclosure statements agreeing to this arrangement. What is this relationship called? Disclosed subagency. Consensual dual agency. Disclosed exclusive agency. Consensual single agency. Previous Next
6 of 50 - A section contains how many acres? 640 320 160 40 Previous

7 of 50 - Sandy rents space in a building for her beauty and tanning salon. She pays rent for occupancy, but the owner of the building pays the taxes, insurance and other operating expenses. What kind of lease does Sandy have? Graduated lease. Net lease. Gross lease. Percentage lease Previous Next

8 of 50 - What is required for a title to be marketable? It must be registered in Torrens. It must be free of undisclosed defects and encumbrances It must be abstracted by an attorney. It must be guaranteed by a title certificate PrevioUS

Next 9 of 50 -Which law extended discrimination to include handicap and familial status? Jones v Mayer. Housing and Community Development Act. Civil Rights Act of 1968. Fair Housing Amendment Act. Previous

Next 10 of 50 - Hometown Bank and Trust refuses to lend money to homeowners trying to purchase property in a predominantly Hispanic neighborhood. What is this practice called? Blockbusting. Redlining. Qualifying. Steering. Previous Next

11 of 50 - Who are the essential parties involved in an estate in trust? Owner, trustor and lawyer Owner, trustor and trustee Trustee, title company, and beneficiary. Trustor, trustee and beneficiary. Previous Next

12 of 50-What does the term mixed-use development mean? A subdivision with common areas for all residents More than one use for a single building. An apartment complex attached to a city park. An industrial park in a farming community. Previous

13 of 50 -Who pays the real estate taxes for a condominium? Homeowners association. Board of directors. Condominium owner Sponsor. Previous

14 of 50 - Real estate agents are typically what kind of agent? General agent. Special agent. Dual agent Universal agent. Previous Next

PreviousNext 15 of 50 - What is the amount of the surety bond that a mortgage broker must furnish when applying for licensure in New York? $10,000 $20,000 $30,000 $50,000 PreviouS Next

Next 16 of 50 - A landlord suddenly terminates a tenants lease in violation of the lease terms. The tenant takes action to compel the landlord to comply with the violated terms. What kind of suit is this? Rescission. Specific performance. Damages. Forfeiture Previous Next

Previous 17 of 50 - What is the most common reason a property fails to sell? In need of repair Lack of advertising Overpricing Not enough prospective buyers. Next

Ch. 34 Practice Exam > Pg. 2- Practice Exam NOTES 18 of 50 - Patrick has a written independent contractor agreement with his broker Tami. Last year, about 25% of his income came from sales commissions. The other 75% came from an hourly wage paid by Tami. For income tax purposes, the IRS would probably classify Patrick as An independent contractor. A self-employed person. An employee. A real estate assistant. Previous Next

19 of 50- What is overage rent? The initial rent that a tenant pays under a lease contract. Periodic rent increases on the lease anniversary date. Rent calculated on a percentage of sales volume. Portion of rent that increases according to the CPI.

20 of 50 - A daycare center is allowed to open in a residentially-zoned area. What is this an example of? 0 A special use permit. A nonconforming use. Spot zoning. Cluster zoning. PrevioUS

Please just tell appropriate choice. Ex. 1 = A, 2. C etc. etc. if you do this incompletely I will report you. Do this only if you understand. Thank you .
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1.(b) adhesives in pressed woods 2.(a) industrial property 3.(c) insurance premiums 4.(b) any ads placed on the internet must have a link to licensee's email adress 5(b)consensual dual agency 6.(a)640 acres 7.(c) gross lease 8.(b) it must be free of undisclosed defects and encumbraces 9.(d) fair housing amendment act 10.(b) redlining 11.(d) trustor ,trustee and beneficiary 12.(b) more than one use for a single building 13.(c) condominium owner 14.(b) special agent. 15.(a) $10,000 16.(b) specific performance 17.(c) overpricing 18.(c) an employee 19.(c) rent calculated on a percentage of sales volume 20.(a) a special use permit.

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