Practice Questions 16–30
11. Which deed provides NO warranties?
A: Quitclaim deed
12. What is the right of survivorship?
A: When one owner dies, their share automatically passes to surviving co-owners
13. Steering is:
A: Guiding buyers toward/away from neighborhoods based on protected class — illegal
14. Blockbusting is:
A: Inducing panic selling by suggesting minorities are moving in — illegal
15. An agent who represents both buyer and seller in the same transaction is:
A: A dual agent
16. PETE stands for:
A: Police power, Eminent domain, Taxation, Escheat
17. The FIDUCIARY duties owed to a client include:
A: Care, Obedience, Accounting, Loyalty, Disclosure (COALD)
18. Price fixing among brokers violates:
A: The Sherman Antitrust Act
19. A property owner dies with no will and no heirs. Property goes to:
A: The state (escheat)
20. The statutory period for adverse possession in most states is:
A: 5–21 years depending on state
Reference:
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