Landlord / Special Needs: Can modifications be made to rental properties?
A licensee was showing property in an 8-unit complex to a prospective tenant using a motorized wheelchair. The tenant wanted to rent a unit, install grab bars in the bathroom, and lower all the door handles. The landlord:
Lovely Math Question #2: What is a Fee Simple Estate
Which of the following is the best description of a fee simple estate?
Realtor CAN-SPAM laws: When can you email clients?
A licensee plans to send out an email offering her services. According to the CAN-SPAM Act, the licensee must:
Lovely Math Question #1: Prepayment Penalty
An owner’s mortgage includes a clause requiring a prepayment penalty. Three percent of any outstanding loan principal would be charged by the lender if hte owner paid off the principal before the scheduled time. Payments were $296.88, due on the 1st of each month, and included both principal and interest in arrears at 8% per […]
When is an agency formed with a real estate firm?
The owner of an apartment building has just signed an agreement with a real estate firm. Has an agency been formed?
Purpose of a deed restriction
The most typical purpose of a deed restriction is to:
Brokers and Lenders: What to tell your buyers
A managing broker requires his licensees to mention a particular lender to buyers. The broker has a financial interest in this particular mortgage lender. Which of the following should the licensee recommend to buyers?
Lovely Math Question #3: Split Commissions
A brokerage firm offers to split the commission equally with any cooperating brokerage or any buyer’s brokerage firm. A licensee who works for the buyer’s broker has an agreement with her broker that the licensee will receive 60% of the firm’s share of commission on any property the licensee sells. Assuming a 6% listing commission […]
What is tenancy?
A couple leased a waterfront bungalow. The lease began on June 15, 2010, and continued through July 31, 2010. They had:
What not to say to your client…
A licensee anxious to make a sale violates her duties toward her principal if she volunteers which of the following pieces of information to a prospective buyer?