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Fiduciary responsibilities of an agent to the principal include faithful performance,
loyalty, and provision of legal advice.
A listing that gives the broker the right to collect a commission no matter who sells the
property during the listing period is called a(n) ____________________ right to sell
listing.
Property owners who want to sell their home are interested in how much it will cost to
sell it.
A listing wherein the owner reserves the right to sell the property himself, but agrees to
list with no other broker during the listing period is called an exclusive
____________________ listing.
The 1968 Fair Housing Law provides protection against discrimination for refusing to
sell or rent to deal, or ____________________ with any person.
A report made by a title insurance company showing current title condition is called a
_________________________.
Interest paid on a real estate mortgage loan is normally paid annually and in advance.
When a tenant is behind on his rent, the law permits the landlord to remove the tenant's
belongings until the rent is paid.
The basic purpose of the deed of trust, also referred to as a trust deed, is the same as a
____________________.
To prepare a master plan a city or regional planning commission is usually created.
A borrower wants provisions written into his mortgage whereby the lender will remove
a portion of the property from the mortgage upon partial repayment of the loan. The
borrower would ask for an alienation clause.
The tourist industry in Florida or oil wells on Alaska's North Slope would be examples
of base industries.
Errors and omission insurance may cover intentional acts to deceive.
If commercial space is rented out for $.07 per square foot per month the annual rent on
a space 80"x 150" would be $9,400.
Federal tax treatment of expenses and profits from real estate investments has little
effect on what a person will pay for a property.
A trust is an arrangement whereby title to real and/or personal property is transferred by
its owner (the Trustor) to a beneficiary.
A deed of trust lien, when paid in full, is released by the recording of a reconveyance
deed.
Mortgages are the same as trust deeds in that foreclosure is the cure for default.
