AMP Real Estate Salesperson Practice Test 2.pdf - Welcome...

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7/7/2020 Welcome to LearningExpress Library™ 1/37 AMP Real Estate Salesperson Practice Exam 2 Total Questions: 100 About This Test This printable version does not include all the features and functionality of the online version and may o±er fewer questions. For a complete experience, take the online version. © 2020 EBSCO LearningExpress
7/7/2020 Welcome to LearningExpress Library™ 2/37 As an agent for the seller, a real estate broker 1 . can guarantee a prospective buyer that the seller will accept an o±er at the listed price and terms. A. can obtain an o±er to buy the property from a prospective buyer. B. can advise a prospective buyer on the best way to take title to the property. C. can change the terms of the listing contract without the approval of the seller. D. Salesperson Pelke has just returned from a closing. The property sold for $150,000, and the commission was 6% of selling price. The company o±ers a 50-50 split between the listing and selling side. Salesperson Pelke is on a split with his company. As the selling agent, how much commission will Pelke receive? 2 . $6,300 A. $2,250 B. $3,150 C. $4,500 D. An owner of property conveys interest in that property to a private school with the stipulation that the land only be used as a playground. Several years later, the school trustees announce that the school is going to expand by building an addition onto this property. The grantor can do any of the following EXCEPT 3 . ignore the violation of the restriction. A. wait and then demand that the addition be torn down. B. reclaim the property. C. formally re-convey the property without restriction. D.
7/7/2020 Welcome to LearningExpress Library™ 3/37 A landlady refuses to rent to a person with a disability, explaining that her units are not disability friendly. Has she violated any laws? 4 . Yes, she must allow the tenant to make reasonable modi±cations to the property if he or she is willing to. A. No, the person with a disability needs a support animal and the landlady doesn't allow animals. B. No, the building is not elevator equipped. C. Yes, if the tenant cannot make the necessary modi±cations to accommodate his or her disability, the landlady must do it. D. The form of co-ownership in which there may be many owners, but only one or two people who make decisions, is known as 5 . a general partnership. A. a limited partnership. B. joint tenancy. C. sole proprietorship. D. A single-family home located in an industrial area runs the risk of holding a minimum value because of the principle of 6 .

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