Property Disclosure and Environment Exam 2 Flashcards
1
Q
First line of defense an agent takes against risk
A
Education
2
Q
Who has power to sell property during bankruptcy?
A
Bankruptcy court
3
Q
It is illegal to use CMA to….
A
Determine market value of property. It is used to recommend listing price, etc.
4
Q
Keep lead paint disclosures for how many years?
A
3 years
5
Q
Who enforces anti trust laws?
A
Federal Trade Commission
6
Q
What is conversion of funds?
A
Using client funds for personal or business use
