(Solved): Question 44 of 100 Which legal description is the longest and most likely to be attac ...

Question 44 of 100

Which legal description is the longest and most likely to be attached to a contract rather than written in to the contract?

• Metes and bounds
• Government survey
• Lot and block
• Address of the property

Question 89 of 100

Broker Samantha is a single agent for Seller Jonathon. Samantha may NOT

• obey Jonathon’s legal instructions about the listing.
• present offers to Jonathon that don’t have earnest money deposits.
• be a single agent for a buyer of Jonathon’s property.
• be loyal only to Jonathon in the transaction.

Question 90 of 100

Ryan contracts to purchase a new condominium from Starlight Construction Company. Eleven days after he received the required documents, he decided to cancel his contract. Which is correct?

• He had only three days to cancel and will lose his deposit.
• He can cancel, but will get only 50 percent of his deposit because of the time lapse.
• He is entitled to a return of his deposit.
• He had only ten days to cancel and will lose his deposit.

Question 91 of 100

A buyer bought a property for $200,000, and financed the purchase with a new mortgage in the amount of $150,000. What are the total documentary stamps and intangible taxes on this transaction?

• $2,452.00
• $2,225.00
• $1,925.00
• $1,440.00

Question 92 of 100

A veteran who wants a VA loan must apply to the VA for a document that sets the amount of entitlement available to the veteran. That document is the

• certificate of eligibility.
• minimum property requirements.
• VA funding fee.
• VA guaranty.