Which type of deed offers the strongest and broadest form of guarantee and protection of title to the grantee?
In what type of agency does a licensee have limited authority to act on behalf of a client buying or selling a property?
Dan is buying Chuck’s property, which is listed with Nevin’s brokerage. Who are the parties to the exclusive right-to-sell listing agreement?
A statement such as "This is a dream home with the best views in town" made by a licensee is an example of what?
Which act gives companies the right to sue a competitor for making deceptive ad claims?
_____ is a process in which an appraiser determines a probable range of values for a property by comparing a group of comparable sales to the subject. The appraiser attempts to include both superior and inferior units of comparison, such as age and transaction price.
To indicate that they understand and consent to the terms that appear on each page of the sales contract, what are the seller and buyer required to do?
At the end of this month, Evy will have been paying rent on her ground lease for 15 years. She's decided to give 30 days' notice to the landowner that she plans to buy out the lease. What type of ground lease does Evy have?
Renae showed a property to Shannon, a buyer client, then to another client later that week. The second client made an offer and the seller accepted. The next day, Shannon called Renae to make an offer on the property and was angry that Renae showed it to another buyer. Did Shannon have a case?
Supply and demand determine the competitive environment. Which of the following is a true statement?
Manny has a client who wants to purchase a commercial building. Manny doesn’t have any experience negotiating commercial purchases. Which action should Manny take to demonstrate his good faith and most ethical behavior toward his client?
Janice’s life tenant, Jacob, is currently living on her property. Once Jacob dies, Janice has arranged for the property to be given to the School for the Gifted. What interest does the School for the Gifted currently have?
Appraiser Niles uses ________ to determine a range of values based on comparing a subject property to comparable sales. He makes sure to use some comparables that lack features of his subject property, and others that have even more desirable features, to balance out the comparison.
In the conveyance of real property after death, what takes precedent over any terms specified in the deceased person's will?
Jorge is a dual agent in a single-license dual agency situation. He owes his clients all of the following fiduciary duties EXCEPT.
Under which type of buyer agency agreement does a buyer reserve the right to self-represent?
When a lower-quality property is adjacent to a higher-quality property, it can diminish the value of the higher-quality property. What economic principle of value is this?
Plat of Block 28, Woodmen Heights Tract, recorded in Map Book 27, page 68, at the Elder County Records Office is an example of which essential element of a deed?
Which of the following is an action that real estate licensees may take without practicing law illegally?
Who is responsible for ordering an appraisal, completing the loan application, ordering a home inspection, and obtaining homeowners insurance before closing?
The National Fair Housing Alliance believes in promoting the message that neighborhoods are stronger ______ neighborhoods.
The cost approach to finding an appraised value measures which of the following?
Carson is purchasing a $600,000 property by obtaining an 80/20 loan. How much is Carson financing?
What happens when a married couple who owns a property as tenants by the entirety divorce?
If a consumer wants to file a deceptive ad complaint, which entity should be contacted?
The courts use three primary tests to determine whether something is personal property or real property. What are the names of the three tests?
Which of these items should real estate professionals help first-time buyers and buyers who have experienced recent credit issues to understand?
James creates a trust to hold a piece of real estate he owns. He directs a corporate fiduciary to hold title to the real estate and provides instructions for the management, control, and disposition of the real estate upon his death. Given that the trust only holds real estate, James likely set up a(n) ________ trust.
Radon has natural origins and is a colorless, odorless, radioactive gas that’s released when ______ decays.
When assigning a contract, what should the assignor ensure is permitted in the purchase contract?
Edgar is in the process of selling his home in a short sale. What's a short sale?
Which document is provided to borrowers at least three days prior to closing and provides disclosures about the costs of the transaction?
Google and “If This, Then That” alerts can assist you with which of the following?
Ellen and Sadie signed an agreement to list Sadie’s condo for sale. After the contract was signed, Sadie’s father, Grant, offered to pay Ellen’s commission as a housewarming present. Sadie’s mom and stepdad, Linda and Rick, also chipped in. Who is Ellen’s client?
In Maryland, it's customary for the buyer and seller to split the transfer and recordation ______.
The earth’s surface, extending downward to the center of the earth and upward to infinity, including permanently attached natural objects, is called ______.
Which comments field in an MLS listing may contain gate, lockbox, and security code information with the seller's written permission?