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By David Saks
Comments 8
Sarah Walker was beautiful. She was the mother of two children. She sold homes for a living. Everyone loved her.  She was at work in her office in a model home in a beautiful new subdivision in McKinney, Texas at 5700 Conch Train.A couple visiting the model home came by at 1:23 p.m. on July 8, 20...
By David Saks
Comments 6
When a real estate agent considers himself an employee or an independent contractor the consideration will have an impact on whether or not the broker will have to pay social security or income taxes. Take your time. The solution is posted below the wildlife photo. Is this true or false ? A. True...
By David Saks
Comments 2
It is extremely importaqnt that all real estate agents understand the concepts of contract law, agency, and property laws. Is this true or false or is this something which only concerns a member of the legal profession ? Take your time. The solution is npoted below the wildlife photo. A. True All...
By David Saks
Comments 0
What is traditionally considered to be the last step in a real estate transaction ? Take your time. The solution is posted below the wildlife photo.   A. The closing Closing is generally considered to be the last thing that takes place in any real estate transaction. All monies are excvhanged, ti...
By David Saks
Comments 0
When a salesperson is acting as an employee and is not acting as an independent contractor that salesperson has the right to advertise property under their own name. Is this true or false ? Take your time. The solution is posted below the wildlife photo. A. False If the salseperson is an employee...
By David Saks
Comments 0
A broker has the right to exercise the decision to control the number of hours an independent contractor would have to work in addition to the work schedule that the independent contractor would be required to comply with. Is this true or false ? A. False The broker would have not have the right ...
By David Saks
Comments 0
When a real estate salesperson is paid in a lump sum by the broker or their employer and that same licensee or salesperson is responsible for paying their own taxes, we refer to this person as an employee. Is this true or false. Remember to take your time. The answer is posted below the wildlife ...
By David Saks
Comments 0
A buyer became a client of a broker and decided that he wanted to purchase a house that the broker has listed with his company. It's not ok for the broker to show the buyer / client the house that he has listed for sale. True or false ? Take your time. The solution is posted below the wildlife ph...
By David Saks
Comments 0
When a real estate broker is hired by someone to sell their home the broker has an obligation to comply with the directions of any interested buyer. Is this true of false ? Take your time. The solution is posted below the wioldlife photo. A. Absolutely false. The real estate broker hired by the s...
By David Saks
Comments 0
When we speak of confidentiality we consider it to be part of the fiduciary duty of care from the five common-law  fiduciary duties of care, obedience, accounting, loyalty and disclosure. True or false ? Please take your time. The solution is posted below the wildlife photo. A. False Confidential...
By David Saks
Comments 2
By David Saks
Comments 6
The owner decides to abandon the property he has listed with a brokerage. This will terminate the relationship that the broker has with the owner. True or false ? Take your time. The solution is posted below the wildlife photo. A. False  Abandoning the property will not terminate a broker-seller ...
By David Saks
Comments 2
When a real estate broker acts as the agent for the seller the broker has an obligation to disclose confidential information about the seller to the buyer if it helps the chances of closing the deal. True or false ? Take your time. The solution is posted below the wildlife photo. A. False When a ...
By David Saks
Comments 0
In a real estate transactionn, when one speaks of a fiduciary relationship their typically referring to a relationship that will allow another person to act on behalf of another with the additional privilege and grant of legal power  for the other persons affairs. Is this true or false ? Take you...
By David Saks
Comments 0
A house was built on top a pile of manure. The ceilings of the home we're also poorly constructed and poorly attached to any supporting members or beams. This would be considerd an example of a stigmatized property ? True or false ? A. False If the house was constructed on top of a pile of manure...
By David Saks
Comments 0
A buyer inquired as to whether or not a city landfill was going to be constructed on an adjacent lot in a new subdivision. The seller's agent replied that she didn't know even though the agent was fully aware of the fact and failed to disclose this to the prospective buyer. If the seller's agent ...
By David Saks
Comments 0
A buyer paid $460,000 for the house. The lot was valued at $65,000. The mortgage was for $200,000. After all is said and done, how much equity does the homeowner have in the place ? A. $260,000 First of all, the value of the lot has nothing to do with the calculation, so let's hope you don't figu...
By David Saks
Comments 0
Homeowner's purchase homkeowner's insurance because they know that homeowner's insurance will replace old furniture and roofs when these things need replacing. True or false ? A. False Homeowner's insurance doesn't cover replacement because of age, although it does cover financial losses created ...
By David Saks
Comments 0
A homeowner's house was constructed in such a way so that the floor of the house was built nearly two feet above a one hundred year old flood mark. The homeowner wants to apply for a federally related home loan. The lender must require flood insurance. True or false ? A. False The lender could ex...
By David Saks
Comments 0
A mortgage broker told a homeowner that he could deduct the appraisal fee from his annual gross income for income tax purposes. Is this true or false ? A. False It could be considered a fraudulent misrepresentation of facts regarding the loan from the beginning of the loan process. Loan discount ...

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