Quiz Preview 6' Business - Business Law

1

A buyer planned to buy an existing house and build a swimming pool in the backyard. The buyer signed and contract, the buyer discovered the restrictive covenants would no permit a swimming pool. This contract would be:

2

A contract that appears valid but may be rejected by one of the parties who acted under a disability is considered:

3

A fifteen year old minor signs a sales contract to purchase real property. Can the minor disaffirm the contract?

4

Which f the following statements BEST describes the validity of a contract?

5

A minor signed a written sales contract to purchase a parcel of property from an adult seller. After the contract was signed, the seller learned the buyer was a minor and declared he contract void. Is the seller's action permissible?

6

Which of the following statements BEST describes the difference between a bilateral and unilateral contract?

7

A written employment agreement between a property owner and a real estate broker authorizing the broker to find a buyer for the owner's real property would be considered an:

8

Which of the following will terminate an agency agreement?

9

The listing firm refused to let another firm show the property. The other firm brings an offer to purchase on the same property. Does the listing firm have the right to refuse to present the offer?

10

When a licensed salesperson goes to work for a broker, the Georgia Real Estate license law requires them to enter into a written:

11

When a licensee anticipates transactions involving real estate owned by that licensee, the law requires the licensee to:

12

An inactive salesperson who receives security deposits on rental property they own:

13

A real estate salesperson continually tells prospective clients that th commission rate his or her company charges is a "standard" or "prevailing" rate charged by all brokers in the area. In Georgia, this would MOST LIKELY be a violation of the:

14

All of the following would be legitimate reasons for refusing a residential listing EXCEPT?

15

If there is no expiration date in a brokerage engagement and no authorized termination has occurred, how long will the engagement continue after the initiation of the engagement?

16

A licensee is questioned by an interested buyer whether the property was the site of a homicide or suicide and was the dwelling ever inhabited by a person infected with AIDS or the HIV virus. The licensee should:

17

When an active licensee wished to advertise property owned by the licensee and which is not under a brokerage engagement with broker, the licensee MUST:

18

Under the Federal Fair Housing law, familial status would apply to:

19

The owner of a single family house, that has not been listed with and agent, refuses to rent or sell to anyone other than a member of a particular religion. Can the owner legally do this?

20

Which of the following statements is TRUE regarding the Federal Fair Housing Law?

21

A property manager was showing property in a twenty unit apartment complex to a prospective tenant in a wheelchair. The tenant wanted to rent a unit and make reasonable modifications to the premises, such as lowering all of the door handles. the landlord:

22

A salesperson shows prospective buyers of a particular race, properties only in areas occupied bu families of the same race. This action best describes:

23

Which of the following activities by a real estate brokerage firm would NOT be violation of the Federal Fair Housing Law?

24

A real estate agent sold a minority buyer a house in a predominately white neighborhood. Would this be a violation of the Fair Housing Law?

25

Which of the following statements regarding the federal Fair Housing Law is TRUE?

26

When leasing an apartment, which of the following classes of people are protected under the federal Fair Housing Law?

Find your answers, solutions and more...

We made it much easier for you to find exactly what you're looking for on Sciemce. Enjoy our search engine "Clutch."

Save a GPA. Donate your notes with us.

Quiz Preview 6' Business - Business Law

Recent Packs