61) Which statement about compensation is true?

It is always based on a percentage of the sale price.

It is a set fee.

It is negotiable.

It is always paid by the seller.

66) What is a proprietary lease?

-A document given to all rent-controlled tenants.

• A general lease document.
• A written lease in a cooperative.
• A lease on a commercial retail store.

70) Mortgage lenders are required to disclose financing costs and annual percentage rate to the borrower under which law or regulation?

Equal Credit Opportunity Act.

Truth in Lending.

Real Estate Settlement and Procedures Act.

Fair Housing laws.

76) Where should a buyer walk in relation to the buyers agent?

-Behind the agent

-Next to the agent

-Wherever they want to walk

-In front of the agent