90. A prospective purchaser of a residential condominium unit sends written notification to the listing broker stating her desire to cancel the contract within the allowable rescission period. The seller instructs the broker to retain the earnest money deposit as liquidated damages. The broker is legally authorized to
Author: Anonymous
87. Which valuation product requires the services of a licen…
87. Which valuation product requires the services of a licensed or certified appraiser ?
67. Can an insurance company refuse to provide insurance cov…
67. Can an insurance company refuse to provide insurance coverage to applicants within a particular neighborhood because of the racial and ethnic characteristics of the neighborhood?
72. A seller lists her vacant lot with a real estate company…
72. A seller lists her vacant lot with a real estate company. The seller specifies in the listing agreement the minimum amount of cash she must receive at closing. What type of listing does this describe?
57. A sales associate receives a deposit from a buyer on Wed…
57. A sales associate receives a deposit from a buyer on Wednesday morning. The associate must
79. On an adjustable rate mortgage loan, the lender’s estima…
79. On an adjustable rate mortgage loan, the lender’s estimated overhead costs plus profit equals the lender’s
16. Which activity may NOT be performed by an unlicensed per…
16. Which activity may NOT be performed by an unlicensed personal assistant?
26. The statute of limitations for a parol contract is for h…
26. The statute of limitations for a parol contract is for how many years?
77. A real estate agent has been licensed in Texas for one y…
77. A real estate agent has been licensed in Texas for one year. The licensee worked for a Texas broker but recently moved to Florida. The agent wants to open his own brokerage in Florida so he recently completed the Florida broker pre-license course. I the Texas licensee eligible to take the Florida broker license exam?
42. The FREC’s authority to impose discipline falls under wh…
42. The FREC’s authority to impose discipline falls under which area of responsibility?