Question: A seller prepaid a $375 HOA fee and closes April 30. What is the proration?

Answer Options: A. $125.02 credit seller/debit buyer B. Unequal entries C. $249.98 credit buyer/debit seller D. $249.98 credit seller/debit buyer.

Answer: D. $249.98 credit seller and debit buyer. 168

Question: Which scenario is blockbusting?

Answer Options: A. Discriminatory lending B. Moving a protected-class person into an area to induce panic sales and buy cheaply C. Showing minority clients only same-minority areas D. Showing interested minority buyers a property.

Answer: B. Inducing panic sales to buy homes at reduced prices. 169

Question: A second offer arrives while the seller considers the first. What should the agent do?

Answer Options: A. Delay it B. Push acceptance of the first C. Present the second immediately D. Falsely say another offer was accepted.

Answer: C. Present the second offer immediately. 170

Question: Who is the beneficiary under a deed of trust?

Answer Options: A. Borrower B. Independent third party C. Lender D. Witness.

Answer: C. Lender. 171

Question: If HUD finds reasonable cause to believe discrimination occurred, what action is involved in resolving the complaint?

Answer Options: A. Attempt conciliation B. Determine monetary damages immediately C. Wait for more complaints D. Suspend the license.

Answer: A. Attempt conciliation. 172

Question: A rent-to-own plan lets tenants choose whether to buy and applies rent toward the price. What is it?

Answer Options: A. Percentage lease B. Lease-purchase agreement C. Lease with option to buy D. Right of first refusal.

Answer: C. Lease with option to buy. 173

Question: A 3.45-acre lot sells for $0.50 per square foot. What is the price?

Answer Options: A. $37,570 B. $75,141 C. $76,230 D. $78,712.

Answer: B. $75,141. 174

Question: Physical land, attachments, and the bundle of rights are known as:

Answer Options: A. Land B. Real estate C. Real property D. Real and personal property.

Answer: C. Real property. 175

Question: A conforming loan:

Answer Options: A. Exceeds Fannie/Freddie limits B. Meets Fannie/Freddie secondary-market criteria C. Is a VA loan D. Is for unqualified borrowers.

Answer: B. Meets Fannie Mae/Freddie Mac criteria. 176

Question: Familial status under the federal Fair Housing Act refers to:

Answer Options: A. Adult children B. Children under 18 C. Persons over 65 D. Unmarried persons.

Answer: B. Children under age 18. 177

Question: Darrell has the right to cross Lin’s property to reach his own. What is this?

Answer Options: A. Appurtenant easement Darrell’s property dominant and Lin’s servient B. Defeasible easement C. Encroachment D. Personal easement in gross.

Answer: A. Appurtenant easement with Darrell’s land dominant and Lin’s servient. 178

Question: Which rental is covered by the Fair Housing Act even without a licensee?

Answer Options: A. Owner-occupied four-unit building B. Owner-occupied duplex rented privately C. Non-owner-occupied triplex D. Room in owner’s residence.

Answer: C. The non-owner-occupied triplex. 179

Question: Jill’s contingency requires a $200,000 fixed-rate loan, but she is offered a $198,000 ARM. What may she do?

Answer Options: A. Withdraw and recover earnest money B. Withdraw but lose earnest money C. Cannot withdraw because a loan was approved D. Cannot withdraw because she applied incorrectly.

Answer: A. Withdraw and recover her earnest money. 180

Question: Teresa has power of attorney over all aspects of her brother’s affairs. What agency is this?

Answer Options: A. General B. Limited C. Special D. Universal.

Answer: D. Universal agency. 181