A promissory note is:
a. evidence of the debt
b. evidence of a sale
c. a security interest in the property for the lender
d. the same as a mortgage or trust deed
In order to be considered an emancipated minor and have the capacity to contract, a
minor must:
a. be married, widowed, or divorced; have entered military service on active duty; or
have received a declaration of emancipation from a court
b. just state that he is an emancipated minor
c. be employed
d. act mature enough to make his own decisions
An agency coupled with an interest will not be terminated by death of the:
a. lender
b. principal
c. escrow holder
d. customer
A lease that provides renewal options on a tenancy for years on agricultural land for
more than 51 years would be:
a. enforceable
b. a violation of the tenant’s rights
c. unenforceable
d. a violation of the landlord’s rights
After the three-day notice is served and the tenant still does not cure the default, the
landlord may:
a. have a friend remove the tenant and the tenant’s belongings from the property
b. go to the sheriff to get the tenant thrown out
c. initiate a peaceful eviction proceeding
d. initiate an unlawful detainer action
Procuring cause is best defined as an agent who is entitled to a commission because
the agent was the one who:<\/p>\n\n\n\n
a. introduced the buyer to the property
b. met the buyer at an open house
c. initiated an uninterrupted series of events that led to that state
d. wrote up the offer
A homestead declaration does not protect an owner from liens such as:
a. trust deeds
b. mechanic’s liens
c. all of these
d. tax liens
Under the Uniform Electronic Transactions Act, a person can scan documents and send
them by email as long as the person can:
a. send the email with a notary present
b. verify that the document was not modified in a program such as Photoshop
c. verify and affirm that the document was signed
d. show the original signed document
The agent cannot disclose to third parties any confidential information about the
principal without:
a. persuasion
b. permission
c. persistence
d. presenting the reason first
A nephew who unjustly persuades his elderly uncle to transfer property to him for a
token consideration would make the contract voidable and would be considered:
a. negligent misrepresentation
b. failure to arrive at mutual consent
c. lack of capacity
d. undue influence
A lease may be terminated if a trust deed, which was recorded before the lease, is:
a. stopped
b. paid off
c. foreclosed
d. hypothecated
A balloon payment on a real estate loan is:
a. the final payment to pay off a loan<\/p>\n\n\n\n
b. the smallest payment made on the loan A promissory note is:a. evidence of the debtb. evidence of a salec. a security interest in the property for the lenderd. the same as a mortgage or trust deedIn order to be considered an emancipated minor and have the capacity to contract, aminor must:a. be married, widowed, or divorced; have entered military service on active […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-117685","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/117685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=117685"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/117685\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=117685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=117685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=117685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
c. more than twice the amount of the smallest payment
d. a payment made by a guarantor of the loan
An agent has a fiduciary duty to obey:
a. only lawful instructions the principal gives
b. only unlawful instructions the principal gives
c. any instructions the principal gives
d. any instructions by the customer
If, after a reasonable period of having given a landlord notice, the landlord fails to make
needed repairs to make the premises habitable, the tenant can spend up to:
a. any amount as long as a judge approves
b. $50
c. one month’s rent to make necessary repairs
d. one year’s rent to fix everything wrong with the unit
Multiple listing services may not exclude listings that are not:
a. open listings
b. net listings
c. options listings
d. exclusive right to sell listings
In order to have a valid contract, a landlord must sign a lease but a tenant can sign or:
a. move in
b. pay rent
c. do none of these
d. either move in or pay rent
Newspaper advertisements and information on a multiple listing service are not offers to
sell but merely an:
a. offer to be bound by a future contract
b. order to respond, which, when responded to, creates a binding contract
c. option
d. invitation to negotiate
Tenants cannot waive their rights under the landlord’s:
a. duty of paying loan obligations
b. implied warranty of habitability https:\/\/learnexams.com\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"