81. The Truth-on-Lending Act (Regulation Z) regulates all of the following topics EXCEPT A. The negotiation of federally related loans on single family residences by mortgage broken B. Federally related loans on single family homes by the lenders Advertisements for real estate that contain financing information D. Mortgage loans on commercial properties 82. For a real estate sales contract to be enforceable it MUST: A. Be signed by the seller B. Provide for possession of the property by the buyer C. Provide for installment payments D. Contain a metes and bounds description of the property 83. Emily gives Theresa a life estate in a condominium. The life estate Theresa has is based on the life of Michael. The interest of Theresa is best described as: A. Life estate B. Ordinary life estate with a remainder interest to Michael C. A life estate "pur autre vie" based on the life of Michael D. A life estate "pur autre vie" based on the life of Emily 84. Which of the following best describes ownership in a condominium: A. Fee simple ownership of real estate in joint tenancy B. Undivided right of ownership in a particular unit C. A personal property ownership since a condominium is based on the sale of stock to the owners, rather than deeded ownership D. Fee simple ownership in an individual unit, and an undivided ownership interest as a tenant in common with the other owners in the common elements 85. A salesperson owes which of the following duties to the customer? A. Give truthful legal advice B. Obey all legal instructions C. Advise of progress in his transaction D. Disclose any information he thinks may help the customer 86. William Jones refuses an offer from the state Department of Transportation to buy his home for a new freeway exit. In this case the government may: A. File a suit of eminent domain and win a judgment in the value of the property B. Take Jones' property through an automatic Writ of Foreclosure C. Take Jones' property through a process known as condemnation D. Do nothing as Jones is a private owner and has paid his taxes on time and therefore can keep his property for at least five years