| practicequestonly.doc |
1. http://firsttuesdayjournal.com/property-related-disclosures/
(e) A broker is not required to keep records pursuant to this section ... from that principal does not exceed $1000. Upon request of the ...
www.dre.ca.gov/pdf_docs/forms/re540.pdf
2. Anti-Kickback Law and Suspect Financial Agreements: FAQHowever, many anti-kickback safe harbors share common elements with certain ... If ACR members wish to report suspected kickback acts to federal law ...
3. Business and Professions Code Section 10148(a) states that a real estate broker shall retain for three years copies of all listings, deposit slips, canceled checks, trust records, and other documents executed by him or her or obtained by him or her in connection with any transactions for which a real estate license is required.
4 [I missed ] The federal Home Mortgage Disclosure Act (HMDA) seeks to prevent lending discrimination and unlawful redlining practices on residential ...
5 amount placed in a trust account may be withdrawn on the "? fifth? day after verified acccounting is mailed to client
or
on the 7th day
(e) A broker is not required to keep records pursuant to this section ... from that principal does not exceed $1000. Upon request of the ...
www.dre.ca.gov/pdf_docs/forms/re540.pdf
2. Anti-Kickback Law and Suspect Financial Agreements: FAQHowever, many anti-kickback safe harbors share common elements with certain ... If ACR members wish to report suspected kickback acts to federal law ...
3. Business and Professions Code Section 10148(a) states that a real estate broker shall retain for three years copies of all listings, deposit slips, canceled checks, trust records, and other documents executed by him or her or obtained by him or her in connection with any transactions for which a real estate license is required.
4 [I missed ] The federal Home Mortgage Disclosure Act (HMDA) seeks to prevent lending discrimination and unlawful redlining practices on residential ...
5 amount placed in a trust account may be withdrawn on the "? fifth? day after verified acccounting is mailed to client
or
on the 7th day
PRACTICE - PRIMER MARDI (where is 30% missing?)
[still got only 30% after chaning so ! each time chk)
BAD CD CAA CD
CAA AD CCA DB
CCC BD DCA DC
ADC AA DAC DA
DCB CC AAA DD
CDA DB CDD CD
BAD CA DCC CA
CAB aD DBA BD
ABD DD CBD DD
DDC AD DDD CB
why this time 61% and still pass?
Annual increases in the dollar amount levied by a condominium project’s homeowners’ association as regular assessments are limited to a ______ increase in the regular assessment over the prior year:
a) 5%
b) 10%
c) 20%
d) none of the above
A homeowners’ association is obligated to provide documents requested by the owner within _______________ after the postmark on the mailing or hand delivery to the HOA of the written request.
a) 5 days
b) 10 days
c) two weeks
d) three weeks
Without a liquidated damages provision in the purchase agreement, the seller is entitled to recover:
a) only 3% of his money losses caused by the buyer’s breach.
b) only 10% of his money losses caused by the buyer’s breach.
c) the entire amount of his money losses caused by the buyer’s breach.
d) none of his money losses caused by the buyer’s breach.
Nationwide, the mediation success rate ranges between:
a) 10%-20%
b) 30%-50%
c) 60%-80%
d) 60%-90%
If one spouse, without the consent of the other, sells community real estate, the non-consenting spouse has _______________ from the recording of the non-consented-to transaction to file an action to set the transaction aside.
a) one year
b) two years
c) three years
d) four years
When the notice of the seller-in-foreclosure’s cancellation rights are properly contained in the equity purchase agreement, the seller’s cancellation period ends:
a) midnight of the fifth business day following the day the seller enters into any type of purchase agreement with an equity purchase investor.
b) 8 a.m. of the day scheduled for the trustee’s sale, if it occurs prior to the fifth business day.
c) both a and b.
d) neither a nor b.
a) 5%
b) 10%
c) 20%
d) none of the above
A homeowners’ association is obligated to provide documents requested by the owner within _______________ after the postmark on the mailing or hand delivery to the HOA of the written request.
a) 5 days
b) 10 days
c) two weeks
d) three weeks
Without a liquidated damages provision in the purchase agreement, the seller is entitled to recover:
a) only 3% of his money losses caused by the buyer’s breach.
b) only 10% of his money losses caused by the buyer’s breach.
c) the entire amount of his money losses caused by the buyer’s breach.
d) none of his money losses caused by the buyer’s breach.
Nationwide, the mediation success rate ranges between:
a) 10%-20%
b) 30%-50%
c) 60%-80%
d) 60%-90%
If one spouse, without the consent of the other, sells community real estate, the non-consenting spouse has _______________ from the recording of the non-consented-to transaction to file an action to set the transaction aside.
a) one year
b) two years
c) three years
d) four years
When the notice of the seller-in-foreclosure’s cancellation rights are properly contained in the equity purchase agreement, the seller’s cancellation period ends:
a) midnight of the fifth business day following the day the seller enters into any type of purchase agreement with an equity purchase investor.
b) 8 a.m. of the day scheduled for the trustee’s sale, if it occurs prior to the fifth business day.
c) both a and b.
d) neither a nor b.
| practice-legal-1sttue-02102011.doc |
