77)A broker could be held in violation of license law for depositing earnest money into any of these accounts except for which?

-A general business operating account.

A personal account.

A money market fund.

A trust account.

78) Under New York statute, which of the following is true regarding hurricane insurance?

• Waterfront properties cannot obtain homeowners insurance against windstorms.
• Companies are not allowed to charge more for windstorm coverage.
• Policies must disclose windstorm deductibles attached to policies.
• Premium discounts for hurricane-resistant improvements are not allowed.

79) Which term best describes the relationship of a cooperating broker to the listing brokers seller?

-Employee.

-Primary agent.

-Subagent.

-Independent contractor.

81) Which statement is true about a master deed?

• It is used to transfer property of mentally incompetent persons.
• It is used in bankruptcies and foreclosures.
• It is used to convey property to the trustee of a land trust.
• It is used to convey land to a condominium developer.

84) When the new highway was constructed, the plan called for the highway to cut through Sam Stubers farm. Sam refused to sell the land to the state. The state exercised its power of eminent domain by initiating a court proceeding called what?

• Variance
• Condemnation
• Dissent
• Rezoning.