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13. In section 8.3 of the state approved REPC, it states that this purchase is subject to the buyer qualitying the purchase of the property.

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13. In section 8.3 of the state approved REPC, it states that this purchase is "subject to" the buyer qualitying the purchase of the property. The "subject tof clause in the REPC is referring to A. 8. A breach of contract A Contingency C. The lender D. The Due Diligence Condition 14. Mary Jane falsified her tax information on her loan application. Mary Jane just committed Tax fraud Federal Loan Application fraud A. C. Loan fraud D. Real Estate fraud B. 15. The penalties for committing Federal Loan Fraud is A. B. Up to $1,000,000 fine Loss of Real Estate ucense C. 30 years in prison D. All of the above Alex pays a fixed rent on the apartment and the landlord pays all other expenses. Alex has the following type of lease: 16. C. Net Lease A. Gross Lease D. Variable Lease B. Percentage Lease Alice pays a fixed rent on the apartment along with all other expenses associated with the property. Alice has the following type of lease: 17. C. Net-Net-Net Lease A. Gross Lease B. Percentage Lease D. Variable Lease Ethel has leased a store in the local mall. Her rent is based on a minimum fixed rental fee plus a portion of the income received by the tenant doing business on the lease. Ethel has the following type of lease A. Variable Lease B. Triple Net Lease 18. C. Gross Lease D. Percentage Lease

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