Question 1

Which of the following is incorrect regarding carbon monoxide inspection?

Options :

A : There is no additional fee if the inspection is done at the same time as the smoke detector inspection.

B : The inspection must be completed by a building inspector.

C : The inspection must be completed by the local fire department.

D : The inspection must be completed as a prerequisite to sell a residential property burning fossil fuel.

Answer: B

Question 2

A salesperson's client is the lessee. Who does the salesperson represent?

Options :

A : lender

B : tenant

C : landlord

D : lien holder

Answer: B

Question 3

While inspecting a tenant-occupied property, the buyer was told by the seller that the microwave oven would be included in the sale price. Upon possession, the buyer learned that the microwave oven belonged to the tenant and not the seller. Is the buyer entitled to the microwave oven?

Options :

A : Yes, because the buyers offer to purchase included all real property.

B : Yes, because all oral contracts for the sale of real property are enforceable.

C : No, because the microwave was the real property of the tenant.

D : No, because the seller did not have the right to include the microwave in the sale.

Answer: D

Question 4

A licensee must provide disclosure of licensed status when acting as a principal if

Options :

A : the agent of the other party asks about this specifically.

B : the licensee does not have errors and omission insurance.

C : the licensee has any economic interest in the property.

D : any relative of the licensee has ever lived in the residence.

Answer: C

Question 5

A first-year licensee without either a degree in finance, or a strong background in real estate investment should generally refrain from

Options :

A : listing commercial income property.

B : representing an owner who wants to sell raw land to a developer.

C : representing a first time home buyer.

D : acting as the seller's agent in selling an oceanfront lot to a retiree.

Answer: A

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