CH.7 POP quiz
It is important to include a legal description of the property in a contract for the sale of real estate because: A.it makes the contract enforceable and discourages litigation B.it will be used for the description in the deed C.otherwise the broker could be sued if the buyer withdrew from the transaction D.otherwise the title insurance policy will be unenforceable
A.it makes the contract enforceable and discourages litigation
The phrase "time is of the essence" is most likely to be found in a/an: A.purchase agreement B.listing agreement C.grant deed D.option agreement
A.purchase agreement
The buyer and seller enter into a purchase agreement that contains a contingency clause. This may mean that the: A.sale is contingent on the buyer selling his other property B.sales price will be paid in installments from the buyer to the seller C.good faith deposit will serve as liquidated damages D.title may include undisclosed encumbrances
A.sale is contingent on the buyer selling his other property
Under the terms of a listing, the broker may receive a commission regardless of whether the broker, a cooperating broker, or the seller was the procuring cause of the sale. This must be a/an: A.exclusive agency listing B.exclusive right to sell listing C.non-exclusive listing D.open listing
B.exclusive right to sell listing
If the terms of a sublease conflict with the terms of the original lease: A.the sublease is converted to an assignment B.the sublease is subordinate to the lease C.the sublease is superior to the lease D.the sublease is void
B.the sublease is subordinate to the lease (The terms of the original lease control, even if a sublease has different provisions that conflict with the original lease.)
A land sales contract: A.is between a seller and a broker B.transfers equitable title to the buyer C.transfers equitable title to the seller D.transfers legal title to the buyer
B.transfers equitable title to the buyer
A tenant may abandon a lease if she is constructively evicted by the landlord's actions. Which of the following examples would not be constructive eviction? A.The landlord cuts off the electricity to the tenant's unit B.The landlord does not respond within a reasonable time after notice of broken plumbing C.Noise and dust from construction work on the building make a unit unfit for occupancy D.The landlord fails to repair excessive wear and tear caused by the tenant
D.The landlord fails to repair excessive wear and tear caused by the tenant
If a property owner refuses to pay a broker a properly earned commission, the broker may seek relief by: A.filing a complaint with the Real Estate Commissioner B.filing a statutory vendor's lien on the seller's property C.filing a court action for damages against the seller D.All of the above
C.filing a court action for damages against the seller
What document would be used to convey possessory rights without conveying ownership rights? A.License B.Mortgage C.Patent D.Sublease
D.Sublease
Broker Beth signed an exclusive agency listing with Chuck and diligently advertised his house. However, during the listing period, Chuck sold the house to a friend, without any assistance from Beth. Chuck refused to pay any commission. Beth is entitled to: A.her full commission B.half her commission C.only her advertising expenses D.no commission
D.no commission
A contract that provides for a commission for the broker regardless of who finds a buyer is a/an: A.exclusive agency listing B.exclusive right to sell listing C.net listing D.open listing
B.exclusive right to sell listing
Which kind of listing agreement is one where the seller will pay a commission to her broker, unless the seller sells the property herself? A.Exclusive agency B.Exclusive right to sell C.Net listing D.Open listing
A.Exclusive agency
Under what type of lease does a lessee pay for maintenance, utilities, and taxes along with rent? A.Net lease B.Commercial lease C.Percentage lease D.Graduated lease
A.Net lease
Under what type of listing is it possible that an agent would receive no commission even if the seller accepted an offer presented by that agent? A.Net listing B.Open listing C.Exclusive agency D.Exclusive right to sell
A.Net listing (For instance, suppose a net listing provides that the agent can keep anything above a selling price of $220,000 as her commission. If the property sells for $220,000 or less, the agent won't be entitled to collect any compensation.)
The term "quiet enjoyment" in a lease would refer to which of the following situations? A.Possession with freedom from interference by the property's owner B.Freedom from nuisances created by neighbors C.Freedom from encumbrances created by the previous owner D.None of the above
A.Possession with freedom from interference by the property's owner
If a lessor sells the property that is subject to a lease, the lease: A.applies to the new owner B.terminates C.becomes a sublease D.is assigned to the new owner
A.applies to the new owner (If a leased property is sold in the middle of the lease term, the lease is still binding on the new owner. The lease would not be assigned to the new owner; an assignment occurs when a tenant transfers his entire leasehold interest to a new tenant.)
The broker most likely to qualify for a commission is the one who: A.communicated acceptance to the buyer B.communicated the offer to the seller C.obtained an offer D.obtained an offer with a deposit
A.communicated acceptance to the buyer
The instrument that would be used by an owner who wanted to sell his property, extend his own credit, and retain legal title, would be a: A.conditional or installment sales contract B.grant deed C.mortgage D.security agreement
A.conditional or installment sales contract
HUD's Section 8 program was created to: A.ensure more affordable housing B.fund efforts to better enforce prohibitions on housing discrimination C.help create federal agencies related to housing D.protect jobs during depressions
A.ensure more affordable housing
Title will be delivered on a different day than the day the buyer plans to take possession on. The parties should use a/an: A.interim occupancy agreement B.quitclaim deed C.assignment of rents D.option agreement
A.interim occupancy agreement
A broker acting in good faith received misinformation provided by the seller, and passed it on to the buyer, who agreed to purchase the property. When the buyer found out, he rescinded the contract. In this situation: A.the broker is entitled to collect his commission from the seller, and the seller must reimburse him for losses caused by a lawsuit by the buyer B.the broker is entitled to collect his commission from the buyer C.the buyer and seller each owe the broker one-half of his commission D.the broker is not entitled to a commission
A.the broker is entitled to collect his commission from the seller, and the seller must reimburse him for losses caused by a lawsuit by the buyer
A land contract was recorded by the seller. The buyer defaulted on the payments. If a quitclaim deed were to be used in order to clear the cloud from the title, it would be executed by: A.the buyer B.the seller C.both the buyer and the seller D.the lender
A.the buyer
With a purchase agreement, the date of formation of the contract is: A.when acceptance is communicated to the offeror B.the date the contract is prepared C.the date the buyer signs D.the date the offer is made
A.when acceptance is communicated to the offeror
A landlord would file an unlawful detainer action to expel a tenant who: A.had too many people living in the rented space B.is three months late on rent C.put property to an illegal use D.Any of the above
D.Any of the above
Which one of the following is an illegal act for a real estate broker in California? A.Using a net listing if the amount of commission is disclosed B.Claiming a commission on an exclusive listing that had no specified termination date C.Collecting a commission after the termination date on an exclusive listing has passed D.Selling his own property and claiming a commission for income tax purposes
B.Claiming a commission on an exclusive listing that had no specified termination date
Brokers Frank and Dean both took open listings on the same property. Frank shows the property to a prospective buyer, who decides not to buy it. One week later, Dean shows the same property to the same buyer, who decides to purchase the property. Who receives the commission? A.Frank receives entire commission B.Dean receives entire commission C.Frank and Dean split commission D.Frank and Dean each receive a full commission
B.Dean receives entire commission
If there is a 30- or 60-day safety clause in a listing agreement, which of the following is true? A.The agent is owed a commission if the property sells during the safety period B.The agent must provide a list of the people he worked with, and if the seller sells to any of those people during the safety period, she owes the agent a commission C.The seller may 'bump' a contingent offer in favor of an offer that contains no contingencies D.The agent is entitled to liquidated damages if the buyer and seller reach an agreement but then withdraw from the sale
B.The agent must provide a list of the people he worked with, and if the seller sells to any of those people during the safety period, she owes the agent a commission
A broker received an offer and a deposit on a property she listed. The seller accepted the offer. Before the deal closed, though, the buyer and seller agreed to cancel the deal, without the broker's knowledge. The buyer requests the return of the deposit. What will happen to the deposit? A.The broker may deduct only sales expenses from the deposit before returning it B.The broker must return all of the deposit, but may then sue the seller for her commission C.The broker may deduct the full amount of her commission from the deposit before returning it D.The broker may deduct the full amount of her commission from the deposit, then sue the seller for any further commission owed
B.The broker must return all of the deposit, but may then sue the seller for her commission
A buyer of a single-family home purchased the home using a land contract that included a clause prohibiting prepayment. After two years of making regular payments, the buyer offered to pay the remainder of the balance as a lump sum in full performance of the contract. The seller refused. Which of the following statements is correct? A.The anti-prepayment clause is illegal and causes the land contract to be void B.The buyer can pay off the entire balance of a land contract at any point after 12 months following the sale C.The buyer must abide by the anti-prepayment clause D.The seller may terminate the contract and refund the amount paid so far to the buyer
B.The buyer can pay off the entire balance of a land contract at any point after 12 months following the sale
If a buyer's contingency isn't fulfilled, what happens? A.The buyer must compensate the seller B.The buyer doesn't have to perform C.The buyer will receive liquidated damages D.The purchase agreement is automatically rescinded
B.The buyer doesn't have to perform
A lessee had a one-year lease, on which he made monthly payments of rent. After the lease expired, he continued to pay rent, which the lessor accepted. What happens? A.The lease is renewed for one year B.The lease is renewed for one month C.This is a tenancy at sufferance D.This is an estate at will, terminable by either party
B.The lease is renewed for one month
Which of the following statements regarding options is not correct? A.Option rights do not give the optionee an interest in the property B.The option is binding on the optionee C.An option requires some payment of consideration, not just a recital of consideration D.An option agreement may be recorded
B.The option is binding on the optionee
What essential element is necessary between broker and principal in a transaction involving real property? A.The agreement must state the terms under which the broker may collect a commission B.There must be a written contract of employment C.The broker must have the right to accept a deposit D.There must be a safety clause so that the seller cannot avoid a commission by waiting until after the listing period ends before selling the house
B.There must be a written contract of employment
If a tenant ends his tenancy, how long does the landlord have to return his security deposit? A.Two weeks B.Three weeks C.One month D.Two months
B.Three weeks
What is a sublease? A.An assignment of a lease B.Transfer of possession for less than the remainder of the lease term C.Transfer of possession for the entire remainder of the lease term D.The surrender of a lease and substitution of a new lease
B.Transfer of possession for less than the remainder of the lease term
If a tenant transferred an entire leasehold interest, he would do so by: A.alienation B.assignment C.sublease D.surrender
B.assignment
A listing agreement concerning community property requires the signature(s) of: A.both spouses, since it's a real estate contract B.either spouse, since it's a personal services contract C.both spouses and the broker D.either spouse and the broker
B.either spouse, since it's a personal services contract
In the sale of an owner-occupied home for $400,000, the broker received a $25,000 deposit from the buyer. The buyer breached the contract, and the seller claimed that the buyer had forfeited the deposit. If the liquidated damages provision in the purchase agreement was initialed, in this situation the seller: A.may not retain any of the deposit B.may retain no more than 3% of the sales price as liquidated damages C.could deduct any actual damages caused by the breach from the deposit D.may retain the entire deposit
B.may retain no more than 3% of the sales price as liquidated damages
A real estate buyer and seller have agreed to terminate their contract, and they direct the broker holding the deposit to refund the buyer's deposit. The broker: A.is automatically entitled to keep half the deposit B.may sue the seller, but cannot keep any portion of the deposit C.must refund the deposit, but may deduct the expenses he incurred first D.has no recourse
B.may sue the seller, but cannot keep any portion of the deposit
A broker included the following phrase in a listing contract: "In consideration of execution of the foregoing, the undersigned broker agrees to use due diligence in procuring a purchaser." This phrase is: A.necessary to the creation of a unilateral contract B.necessary to the creation of a bilateral contract C.necessary for an open listing D.superfluous language
B.necessary to the creation of a bilateral contract
A buyer takes possession of a property before closing, and an earthquake destroys the house. Under the Uniform Vendor and Purchaser Risk Act, the buyer is: A.able to avoid closing the transaction B.not able to avoid closing the transaction C.covered by the seller's hazard insurance D.able to subtract the cost of the destroyed improvements from the agreed-upon sale price
B.not able to avoid closing the transaction
When industrial space is rented, the landlord customarily promises that: A.the property is up to current code at the time of the lease B.the property was constructed according to code when it was built C.the property shall be in habitable condition D.the property shall be never be subject to condemnation
B.the property was constructed according to code when it was built
In order to be enforceable, an exclusive listing must be signed by: A.the broker B.the seller C.the broker and the seller D.the broker, the buyer, and the seller
B.the seller
State law places limits on the size of the security deposit that can be required for a residential lease. The limits are based on: A.the length of term of the lease B.whether the unit is furnished or unfurnished C.the square footage of the rental unit D.Both A and B
D.Both A and B
The Harrisons submitted an offer to purchase a property with a deposit. The offer to purchase contained a clause that stated, "Contingent upon buyers obtaining VA loan for $175,000 payable over 30 years at interest rate of no more than 8%." Which of the following statements concerning this clause is true? A.If a loan of less than $175,000 is available, the buyers must make up the difference in cash and proceed with the transaction B.If a loan of $175,000 is not available, the buyers and the sellers may renegotiate the purchase price C.If a loan of $175,000 is not available, the Harrisons may withdraw from the transaction and have their deposit returned D.If a loan of $175,000 is not available, the Harrisons may withdraw from the transaction but lose their deposit
C.If a loan of $175,000 is not available, the Harrisons may withdraw from the transaction and have their deposit returned
Which of the following is an encumbrance? A.Freehold estate B.Homestead exemption C.Lease D.Recordation as a subdivision plat
C.Lease
A broker was entitled, as a commission, to any amount paid by a buyer that exceeded the seller's desired sales price of $565,000. What kind of listing is this? A.Exclusive agency listing B.Exclusive right to sell listing C.Net listing D.Open listing
C.Net listing
A seller's broker lists a vacant parcel of land for $550,000 with the specification that a buyer must agree to an installment sale and cannot make more than a 23% cash downpayment. A potential buyer makes a full cash offer, which is rejected. Under these circumstances, does the seller owe the broker a commission? A.Yes, he owes the full commission B.Yes, he owes 23% of the commission C.No, the offer did not conform to the listing D.None of the above
C.No, the offer did not conform to the listing
Rice purchased a vacant residence; the offer was presented by Rice's broker, Boardman. Before the transaction closed, Rice asked Boardman if it would be acceptable if he entered the house to paint it before taking possession. In this case: A.Rice has an equitable interest in the property and may enter as he wishes B.Rice and the property's previous owner should sign an interim occupancy agreement C.Rice may enter if he receives written permission from the property's owner D.Rice should have the extent of any permitted repairs described in writing before beginning
C.Rice may enter if he receives written permission from the property's owner
An exclusive listing must have a termination date that is: Select your answer below A.30 days after signing B.60 days after signing C.definite D.open-ended
C.definite
A buyer and seller sign a real property conditional sales contract. At that point: A.the seller retains all interests in the property B.legal title passes to the buyer C.equitable title passes to the buyer D.all interests in the property pass to the buyer
C.equitable title passes to the buyer
What document would most likely be related to the Consumer Price Index (or CPI)? A.Residential lease B.Lease of multi-family dwelling C.Condominium CC&Rs D.Commercial lease
D.Commercial lease
Hanson contacts a real estate agent to see if a particular ranch property is listed for sale. It isn't listed, but the agent tells Hanson he'll obtain information about the property for him. The agent then contacts the seller, asks about the ranch, and tells the seller about Hanson's interest in buying it. Two months later, the agent learns that the seller sold the ranch directly to Hanson without his knowledge. In this situation, the agent: A.can sue for a commission B.can sue for a commission only if he has proof he was the procuring cause of the sale C.has no recourse D.will automatically be compensated at closing via the escrow process
C.has no recourse
A tenant with a net lease would pay a proportionate share of all of the following except: A.property taxes B.insurance C.leasing commissions D.janitorial expenses
C.leasing commissions
An unlawful detainer action would be filed by an offended: A.grantor B.trustor C.lessor D.beneficiary
C.lessor
If a home buyer breaches the purchase agreement, the seller may retain the good faith deposit (or a portion of it) if the buyer and seller have initialed a: A.contingency clause B.default clause C.liquidated damages clause D.risk clause
C.liquidated damages clause
A contract in which one party promises not to revoke an offer during a specified period of time is a/an: A.exchange agreement B.novation C.option D.rescission
C.option
Seller Weiss signs a 60-day exclusive agency listing with Broker Hanada. After 30 days, Hanada has not sold the home and Weiss notifies Hanada in writing that he is canceling the listing. One week later, Weiss signs open listing agreements with several other brokers. Two weeks later, one of those brokers sells the house. Under these circumstances, Weiss likely: A.owes a commission only to Hanada B.owes a commission to the broker under the open listing C.owes commissions to both Hanada and the broker under the open listing D.owes no commission
C.owes commissions to both Hanada and the broker under the open listing (Under the terms of an exclusive agency listing, the broker is entitled to the commission if anyone other than the seller finds a buyer for the property during the listing period. The seller can revoke the broker's agency authority but can't unilaterally terminate the listing contract, so Weiss is required to pay Hanada's commission. Under the terms of the open listing, Weiss also owes a commission to the broker who was the procuring cause of the sale.)
A commercial tenant has a full service gross lease. The tenant: A.has expenses past the expense stop B.must pay for utilities C.owes nothing more than monthly rent D.owes property taxes, insurance, and maintenance costs in addition to monthly rent
C.owes nothing more than monthly rent
The payment of a commission to a real estate broker based only on an oral listing is: A.illegal B.contrary to public policy C.permissible if the seller elects to do so D.prohibited by the Commissioner's regulations
C.permissible if the seller elects to do so
A broker is selling property on which she holds an option to purchase. She must disclose to any prospective buyer that she is acting as a/an: A.grantee B.grantor C.principal D.optionor
C.principal (She must disclose that she is a principal in the transaction as well as an agent, since she has the option to purchase the property on her own behalf. She is acting as an optionee, not an optionor.)
A salesperson takes a listing and submits the information to the multiple listing service. The property seller has a contract with the: A.multiple listing service B.salesperson C.salesperson's broker D.salesperson, the broker, and the multiple listing service
C.salesperson's broker
A tenant wants to sublease or assign a leased property. If the lease is silent on this issue, then the: A.property cannot be sublet or assigned B.property cannot be sublet or assigned without the landlord's permission C.tenant may go ahead and sublease or assign the property D.tenant may sublease the property but may not assign it
C.tenant may go ahead and sublease or assign the property
On the last day of the term of the listing agreement, the broker submitted a verbal offer to the seller. The next day, the buyer and seller enter into a written purchase agreement. Based on these facts alone: A.the broker is entitled to the commission B.the broker is entitled to one-half of his commission C.the broker is not entitled to a commission D.None of the above
C.the broker is not entitled to a commission
An agent may collect a commission only for sales that are made during the listing period, unless: A.the listing agreement contains a liquidated damages clause B.the principal signs a release clause C.the listing agreement contains a protection period clause D.the transaction is a tax-free exchange of properties
C.the listing agreement contains a protection period clause
A prospective buyer paid $3,000 for a three-month option to purchase a $400,000 property. In this case, all of the following are true except: A.only the optionor is bound to the sale B.a unilateral contract has been established C.the optionee has acquired a legal interest in the property D.the optionee is under no obligation to purchase the property
C.the optionee has acquired a legal interest in the property
A salesperson presented his broker with an offer from a prospective buyer and a good faith deposit in the form of a promissory note. The broker should tell the salesperson that: A.he should not have accepted the promissory note as a deposit B.if the offer is accepted, cash must be substituted for the promissory note within 14 days C.the seller must be informed before accepting the offer that the deposit is a promissory note D.he needed to obtain the permission of the seller before accepting the promissory note as a deposit
C.the seller must be informed before accepting the offer that the deposit is a promissory note
A contract to sell real property that a married couple owns as community property is signed only by the wife. This agreement is: A.void B.illegal C.unenforceable D.enforceable
C.unenforceable
Once a purchase agreement has been signed, what type of title does a buyer hold in the property? A.Joint tenancy B.Pending title C.Legal title D.Equitable title
D.Equitable title
A buyer under a land contract will acquire: A.the right of possession B.the right to transfer or will the property C.equitable title D.All of the above
D.All of the above
An exclusive listing agreement is: A.a bilateral executory contract B.an employment contract C.a promise for a promise D.All of the above
D.All of the above
Broker Ahmed took a listing from McDonald, and also received an option to purchase McDonald's property within 30 days. On the 26th day, Ahmed decided to exercise the option and purchase the property. He must: A.disclose the full amount of his intended profit B.obtain McDonald's written consent C.disclose any other outstanding offers D.All of the above
D.All of the above
When a contingency clause is used in a purchase agreement, which of the following information should be included? A.Nature of the contingency B.Duration of the contingency C.Conditions for removal of the contingency D.All of the above
D.All of the above
Which statement concerning the good faith deposit is correct? Select your answer below: A.It may be a promissory note B.It may be a check that is held uncashed by the broker C.It may be anything that the parties agree is of value D.All of the above
D.All of the above
A prospective buyer wishes to obtain an option to purchase real property. Which of the following is not correct? A.The buyer/optionee must give actual consideration B.The option expires automatically if the optionee doesn't act within the specified period C.The option must be in writing and include all terms of the potential sale D.If the optionee decides to purchase, a separate purchase agreement will be necessary
D.If the optionee decides to purchase, a separate purchase agreement will be necessary
How is the maximum commission rate a broker may charge established? A.It is set by the local multiple listing service B.It is mandated by the state Real Estate Law C.It must be within limits prescribed by real estate professional associations' ethical codes D.It is set by agreement between principal and broker
D.It is set by agreement between principal and broker
Which of the following clauses must a purchase agreement contain? A.Subordination clause B.Safety clause C.Contingency clause D.None of the above
D.None of the above
A buyer made an offer in early June. The deposit was a promissory note for $10,000. The buyer would pay the seller that amount, plus 12% interest, by June 30. Which of the following is correct? A.A deposit must be in check or cash B.A promissory note for more than $5,000 cannot be accepted as a deposit C.A promissory note may not exceed 3% of the purchase price D.The seller must be informed that the deposit is a promissory note when the offer is presented
D.The seller must be informed that the deposit is a promissory note when the offer is presented
A broker received an offer along with a deposit from a prospective buyer. The deposit was a promissory note for $2,000 that was designated "pay to bearer." Which of the following statements is true? A.The deposit is not valid; it must take the form of cash or a check B.A promissory note is considered the same as cash in a real estate transaction C.The promissory note may be used as a deposit if the broker ratifies it D.The seller must be notified that the deposit is in the form of a promissory note when the broker presents the offer
D.The seller must be notified that the deposit is in the form of a promissory note when the broker presents the offer
Gene purchased a property from Paul on a land contract. He made a $2,500 downpayment and made some of the payments, but soon stopped making payments and abandoned the house. Paul reclaimed possession. Which of the following is correct? A.The title to the property is still marketable B.A subsequent cash purchaser of the property would not need to be concerned with the prior failed transaction C.Paul could pursue a deficiency judgment against Gene D.There would be a cloud on the title
D.There would be a cloud on the title
Under a land contract, which party would hold legal title? A.Beneficiary B.Mortgagee C.Vendee D.Vendor
D.Vendor
What is the standard minimum time limit for employment in an exclusive listing agreement? A.30 days B.Six months C.The average length of time it takes to find a buyer in that particular locality D.Whatever is agreed upon by broker and property owner
D.Whatever is agreed upon by broker and property owner
Hector gave Kim an option to purchase his property at a price of $390,000. The option was good for 90 days, and Kim gave Hector a check for $100. This would be considered a/an: A.offer to execute a potential future contract B.agency agreement C.encumbrance on Hector's property D.contract to keep an offer open
D.contract to keep an offer open
A landlord may evict a delinquent tenant by: A.giving three days' notice B.giving thirty days' notice C.obtaining a writ of execution D.filing an unlawful detainer action
D.filing an unlawful detainer action
Most listing contracts authorize a broker to: A.find a buyer and accept the buyer's offer on behalf of the seller B.guarantee to a prospective buyer that the seller will accept his offer C.deed the property over to the buyer D.find a buyer and accept a deposit with the offer to purchase
D.find a buyer and accept a deposit with the offer to purchase
A prospect calls a broker and asks about a farm property that he wishes to buy. The broker says he does not have a listing on that property, but that he will check into it. He calls the owner of the farm and says that he has an interested buyer. However, the owner of the farm says the property is not for sale. One week later, the broker learns that the owner of the farm sold the property to the prospect. The broker: A.is entitled to a reasonable commission from the buyer B.may sue the seller for a reasonable commission C.is entitled to a reasonable commission from the seller D.is not entitled to a commission
D.is not entitled to a commission
A lease that is based on the gross income generated by the tenant's business is a: A.graduated lease B.gross lease C.net lease D.percentage lease
D.percentage lease
In a tenant's valid assignment of a lease, the assignee becomes the new: A.landlord B.lessor C.sublessee D.tenant
D.tenant (In an assignment, the assignee is the new tenant, who takes over the old tenant's entire interest and has primary responsibility for payment of the rent.)
A lease for longer than one year will require all of the following, except: A.a written agreement B.a termination date C.an adequate description of the property D.the signatures of the landlord and tenant
D.the signatures of the landlord and tenant
In a land sales contract, the seller is often called the: A.trustee B.trustor C.vendee D.vendor
D.vendor
