Section 16 Unit 2 Exam

Craig is selling his 1973 home and has just received written notice from the buyer that the lead-based paint inspection revealed hazards on the property. What are Craig's options with regard to responding to the notice? A. craig and the buyer can negotiate who will pay to have the repairs made B. craig can declare the sales contract null and void C. craig can either pay to have the repairs made or refuse to make the necessary fixes D. craig is required by MD law to address and abate the hazards

C

Justine's seller client needs to repair the property's roof, and Justine has recommended a contractor to her. In addition to the contractor's name and the date that Justine verified his registration with the Maryland Home Improvement Commission, what else does Justine need to give her seller client? A. a summary of typical roofing charges so her client can compare it to the contractor's work estimate B. nothing C. the link to the Maryland Home Improvement License Search on the DLLR website D. the name of at least one other contractor so her client can get multiple bids for the work

C

if the buyer is putting earnest money down, which of the following statements is true? A. the buyer can require the seller to subtract that amount from the asking price B. the buyer has to pay for an escrow account to be set up and managed C. the buyer must specify the exact amount in the contract D. the earnest money must be in the form of cash and personally delivered to the seller

C

Lee, a Maryland licensee, has a buyer client who asks for recommendations for home improvement contractors. Lee gives her client a list of recommended contractors, which includes the date that she last checked each contractor's license status on the Maryland Home Improvement Commission's website. At least how often must Lee check the license status of the providers that she recommends? A. every 5 years B. every 6 months C. every 3 years D. yearly

D