Question 1

John is a landlord. He has an applicant for an apartment who uses a cane. John tells her that she should go to the complex across the street, as they have more first-floor units available, and he doesn't want her to have to climb the stairs in his building. She thanks him for the tip. Evaluate.

Options :

A : John steered the applicant, which is never okay, even if she expressed appreciation.

B : John did nothing wrong. He simply evaluated the applicant and tried to do what was best for her.

C : John steered the applicant, but it was okay since she expressed appreciation.

D : John steered the applicant, which was a risky move, but it paid off this time.

Answer: A

Question 2

Siblings Meg and Jack own property together. Meg owns 60% and Jack owns 40%. If Meg dies, her share is inherited by her spouse, not Jack. Based on these facts, what kind of ownership do they have?

Options :

A : ownership in severalty

B : tenancy in common

C : tenancy by the entirety

D : joint tenancy

Answer: B

Question 3

Marie agreed to a contract in which she can lease a house for a period of two years and then has the option to buy the home if she can secure financing. What type of contract is this?

Options :

A : cooperative sales contract

B : sales contract with a contingency

C : land trust

D : lease-option agreement

Answer: D

Question 4

Trystan and Nia enter into a contract for the sale of a tiny house. Trystan is 17. Closing is supposed to occur in two weeks. This contract is:

Options :

A : executed and voidable

B : executory and void

C : executory and voidable

D : executed and void

Answer: C

Question 5

The four phases of an environmental site assessment are, in order:

Options :

A : management, investigation, testing, remediation

B : remediation, investigation, testing, management

C : investigation, testing, remediation, management

D : testing, investigation, remediation, management

Answer: A