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1-Installment sales serves to delay the capital gain payment of taxes and, as such, they A. are NOT tax exempt. B. are tax exempt.

1-Installment sales serves to delay the capital gain payment of taxes and, as such, they A. are NOT tax  4-Buyer gives a broker a deposit on a property. The broker obtains verbal acceptance on the offer from the

1-Installment sales serves to delay the capital gain payment of taxes and, as such, they A. are NOT tax exempt. B. are tax exempt. C. require no more than 30% down. D prevent owner financing. 2-When may a sales associate be paid directly by a lender for a broker price opinion? O A. if the fee falls below the $ 100.00 threshold B. this is NOT allowed under any circumstances C. if the lender contracts directly with the sales associate D.if the broker instructs the lender to pay the sales associate directly 3-When a corporation or a partnership changes the address of its main office, all these individuals must surrender their old licenses and apply for new licenses except fo A. brokers or partners B. officers C. directors D. sales associates 4-Buyer gives a broker a deposit on a property. The broker obtains verbal acceptance on the offer from the seller. Before the seller's acceptance is formally signed and buyer, buyer telephones broker to tell him he is backing out of the contract. The buyer demands a refund of the deposit, however, the seller also demands to receive the municated back to the A Bag for Review broker of the deposit? deposit. What should the A. pay the deposit to his principal, seller B.pay the deposit to the buyer C. transfer the funds to his operating account D. notify the Attorney General and request a hearing 5-A broker employed in a no brokerage relationship capacity may NOT A.enter into a listing agreement with a seller and be paid a commission. B.work with a buyer to help them find a home. C. give the buyer or seller undivided loyalty. D work for a buyer with a buyer broker agreement signed.

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