Practice Tests For IT & Nursing
Question # 61

A seller accepts an offer but later refuses to close. The buyer sues for specific performance. What does this remedy seek?

Options:

A.

Monetary damages

B.

Rescission of the contract

C.

Compelling the seller to complete the sale

D.

Cancellation of the deed

Question # 62

A buyer obtains a mortgage and pledges property as collateral. This is an example of:

Options:

A.

Hypothecation

B.

Subordination

C.

Alienation

D.

Acceleration

Question # 63

Which clause in a mortgage makes the entire loan due upon default?

Options:

A.

Acceleration clause

B.

Alienation clause

C.

Subordination clause

D.

Escalation clause

Question # 64

The federal law that requires accessibility in public accommodations is:

Options:

A.

ECOA

B.

Fair Housing Act

C.

ADA

D.

RESPA

Question # 65

The principle of conformity in real estate valuation states that:

Options:

A.

Property values are maximized when properties are similar in style and use

B.

A property gains value when it is different from surrounding properties

C.

Property values decrease with inflation

D.

New construction always raises surrounding values

Viewing question 13 out of 15 questions


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