ALL RIGHTS RESERVED.
Vicky was posing as a customer of Establishment Realty. However, she was really there to see if
Establishment Realty was following fair housing laws. Vicky was a _______. - answer✔Tester
What is physically and financially feasible, legal, and the most productive for a property? -
answer✔Its highest and best use
A party with all ownership rights in a property is said to hold ______. - answer✔legal title
What is the name of the act of mixing personal funds with client funds in a trust fund account? -
answer✔Commingling
What type of agency cannot be revoked by the principal, nor is terminated if the principal dies?
- answer✔Agency coupled with an interest
Which national group has tried to stop real estate licensees from handling any contacts? -
answer✔American Bar Association
Without legal capacity and mutual consent in place, courts may likely do what to the existing
contracts or agency relationships? - answer✔Void them, Rescind them, Cancel them
An exclusive listing agreement may contain _______. - answer✔Listing terms of less than one
year
Which land measurement system uses the physical features of land the most to identify it? -
answer✔Metes and bounds
Who is most often the main closing agent in Kentucky purchase deals? - answer✔Title officer
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