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5 Cards in this Set

  • Front
  • Back
No criminal, civil or administrative action may be brought against a licensee for failure to disclose which of the following...

a. Property is located in a flood plain
b. Property is located in a superfund site
c. Property was the site of a natural death or suicide
d. Property is located near a military airport
c. Property was a site of a natural death or suicide
Which of the following is true when paying an out-of-state referral fee to a designated broker?

a. The exact dollar fee must be disclosed to all parties
b. The name of the brokerage must be disclosed in writing to all parties prior to close of escrow
c. Buyer and seller must agree in writing before a referral fee can be paid
d. The department of real estate must be notified if an out-of-state broker is paid a referral fee
b. The name of the brokerage must be disclosed in writing to all parties prior to close of escrow
A real estate ad must contain which of the following?

a. Brokerage name
b. Salesperson's name
c. Broker and Salesperson's names
d. Name of Principal
a. Brokerage name
What actions may be taken when an agent is unable to contact the listing broker to present an offer for twenty-four hours?

a. Present the offer with written consent of the buyer
b. Present the offer with written consent of the seller
c. Present the offer with written consent of the broker
d. Must wait and present the offer to the listing agent when available
b. Present the offer with written consent of the seller
V and W were found guilty of conspiring with each other to allocate real estate brokerage markets. P suffered a $90,000 loss because of V and W's activities. If P brings a civil suit against V and W, what can P expect to recover?

a. Nothing; a civil suit cannot be brought for damages resulting from antitrust activities
b. Only $90,000-the amount of actual damages P suffered
c. Actual damages plus attorney's fees and costs
d. $270,000 plus attorney's fees and costs
d. $270,000 plus attorney's fees and costs