NO.12 According to the CAN-SPAM Act, every email advertisement for real estate services must do all of the following EXCEPT

NO.13 Before it was recognized as a health hazard, asbestos was commonly used as insulation in residential and commercial construction because it is

NO.14 A buyer wants to purchase a home for $150,000 with a 30% down payment. The lender charges 1.75 points.
How much money does the buyer need up front to make the purchase?

NO.15 A licensee listed a property that had an unfinished garage. The licensee received an offer subject to the garage being finished. Was a contractual obligation created?

NO.16 Quality Supermarkets has taken occupancy of a retail building and has a long-term lease. As part of their fit- up, they bolt to the floor their meat and dairy coolers, shelves, and check-out stands.
When Quality Supermarkets vacates the property at the end of the lease, will Quality Supermarkets be legally entitled to remove these fixtures?

NO.17 A seller informs the listing broker that the wind chime on the back door is broken and the roof leaks when it rains. The listing broker is required to disclose

NO.18 A buyer and a seller have a purchase agreement that contains a home inspection contingency. The buyer has applied for a VA mortgage. After the home inspection is completed, the buyer writes an addendum requesting that the seller pay to repair several items found by the home inspector. The seller counters the addendum by requiring that the buyer agree that the repairs will be made, but that no further expenses will be incurred by the seller. The VA appraisal inspection has not been conducted. Under these circumstances, which of the following is correct?

NO.19 Under Housing and Urban Development guidelines, when an advertisement includes the phrase “walk to bus- stop,” the advertisement is

NO.20 What is the function of a promissory note or bond when used in conjunction with a mortgage?

NO.21 To be legally binding, a listing agreement can be signed for the owner by the

NO.22 When practicing as a facilitator, the facilitator

NO.23 Real estate taxes that are paid in advance are prorated on the closing statement as

NO.24 A ranch house with a double garage is being valued. The house next door, which is similar except that it lacks a garage and has an outside deck, was sold last month for $138,000. Experience in that area shows that a two- car garage is probably worth $10,000 to buyers, while in general, they will pay only $500 extra for a deck.
The ranch house is most likely to sell for around

NO.25 Which of the following is among the typical responsibilities of a residential property manager?

NO.26 An offer of $569,000 is verbally accepted by a seller. Two hours later an offer of $589,000 is presented to the seller, which the seller accepts in writing. Based on the above situation the first buyer is

NO.27 A private integrated club refused to rent one of its condos to a minority family. The club explained that it did not rent the condos to the public since the condos were for members only. Is the club in violation of the federal Fair Housing Act, and if so, how?