7/7/2020Welcome to LearningExpress Library™2/37As an agent for the seller, a real estate broker1.can guarantee a prospective buyer that the seller will accept an o±er at the listedprice 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, andthe commission was 6% of selling price. The company o±ers a 50-50 split between thelisting and selling side. Salesperson Pelke is on a split with his company. As the sellingagent, how much commission will Pelke receive?2.$6,300A.$2,250B.$3,150C.$4,500D.An owner of property conveys interest in that property to a private school with thestipulation that the land only be used as a playground. Several years later, the schooltrustees announce that the school is going to expand by building an addition onto thisproperty. The grantor can do any of the following EXCEPT3.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.
7/7/2020Welcome to LearningExpress Library™3/37A landlady refuses to rent to a person with a disability, explaining that her units are notdisability friendly. Has she violated any laws?4.Yes, she must allow the tenant to make reasonable modi±cations to the propertyif he or she is willing to.A.No, the person with a disability needs a support animal and the landlady doesn'tallow animals.B.No, the building is not elevator equipped.C.Yes, if the tenant cannot make the necessary modi±cations to accommodate hisor 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 peoplewho make decisions, is known as5.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 minimumvalue because of the principle of6.