CANVAS FINAL (CHAPTERS 8-15) Flashcards

How a house looks to a passerby when compared to the rest of the neighborhood is called:

When selling an older home, disclosure must be made to the buyer of any insurance claims made within the last:

This new type of barcode that consists of black modules (square dots) arranged in a square grid on a white background, which can be read by an imaging device is called a(n):

A real estate salesperson’s license is valid for, and must be renewed every:

The Federal Civil Rights Act of 1968 was based on the Supreme Court case of:

Which of the following is an excellent resource for finding FSBOs?

Sources of obtaining listings may include:

a) foreclosures
b) FSBO ads
c) probate attorneys
d) all of the above

d) all of the above

The maximum amount of personal funds a broker may keep in a trust account is:

Which of the following is TRUE concerning the employment relationship between the broker and salesperson?

a) a salesperson actively involved in real estate activities must be employed by a licensed broker.
b) The DRE considers a salesperson an employee of the broker, even if he or she is an independent contractor, for the administration of the real estate broker law.
c) The broker must carry worker’s compensation insurance for his or her salespeople.
d) all of the above.

d) all of the above

For income tax purposes, the straight-line depreciation schedule for residential property is a minimum of:

The illegal mixing of client’s and broker’s funds is called: