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99. While working for a broker, a sales associate acquired a listing for $298,900 at a 6% commission rate. A second sales associate, who works for another brokerage office, found the buyer for the property. The listing and selling brokers agree ro a 50-50 split between the two offices. The property sold for $296,000. The selling broker kept 45% of the commission received by the selling office. How much did the selling office’s sales associate receive?

21. Which statement is FALSE regarding postdated earnest money checks?

81. Which legal procedure is used to determine a fair price in an eminent domain action?

54. A type of real estate investment that offers diversification and liquidity and that is similar in form to a mutual fund is called

78. Which document must a prospective buyer of an existing (resale) condominium unit receive?

87. Which valuation product requires the services of a licensed or certified appraiser ?

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

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?

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?

42. The FREC’s authority to impose discipline falls under which area of responsibility?