1. The fiduciary duty of full disclosure requires the seller's agent to

2. The holder of a contract to purchase a property suspects that the seller is considering selling the property to another buyer. To preserve her rights, the contract holder should

3. Gerald Fisher owns 140 acres of pasture. An oil company offers him a monthly fee plus a percentage from the sale of any oil pumped from the wells drilled on the property within the next three years. This arrangement is known as a

4. Steering, prohibited by fair housing laws, is the practice of

5. A subdivider must place in the public records a map of the property known as a

6. A married couple is allowed to exclude from income how much of the sales price on the principal residence?

7. The task of the appraiser is to

8. Which of the following describes the function of mortgage bankers?

9. The seller has not yet paid this year's property taxes, which are $2,400 for the period from July 1 to June 30. On January 16 the house is sold. How are the taxes adjusted at closing?

10. Nancy Tomsic's tenants all had several months remaining on their leases when she sold her six-unit apartment building to Chuck Dwight. Tenants in this situation typically

11. After a riot provoked by the arrest of a member of a racial minority, Broker Bill decided that, with a recent rise in the number of immigrants in the neighborhood, the time was right to encourage residential property owners to list and sell their property through his firm. Broker Bill decided that, by selling as many properties as possible quickly and cheaply, he could bring in companies that would make good use of the neighborhood's new commercial zoning classification. Broker Bill's action is

12. The Moonbeam Corporation announced that there was a possible toxic discharge from its Sierra production facility, and home prices in the vicinity dropped. This is an example of

13. All the salespersons in Al's brokerage firm work as independent contractors. Their office most likely provides them with which of the following?

14. The right to occupy a property without interference for a specified period of time is known as a

15. In order to be enforceable, a real estate contract must be

16. At the typical closing, the seller is responsible for providing all of the following EXCEPT

17. A new office building has been constructed on a parcel of land. All of the following are necessary considerations before tenants are allowed to move in EXCEPT

18. Vacancy and collection losses are part of the calculation used to determine a property's

19. Which of the following programs would probably be of the most benefit to owners of property located in the lowlands along a river?

20. The sum of money a buyer may submit with an offer to purchase, as a demonstration of the buyer's good faith, is known as

21. Which of the following is an example of voluntary alienation of real property?

22. A fictitious business name statement is

23. A real estate broker's license must be made available for inspection by the Real Estate Commissioner

24. Soil that builds up gradually along a river bank is called

25. After paying a 7% commission to his broker, a seller receives $627,750 from the sale of his house. How much did the house sell for?