QUESTION 22 Lee and Ann enter into a real estate sales contract whereby Lee is to purchase Ann's real estate. Lee will purchase the real estate with an FHA loan. In a typical real estate transaction involving FHA financing, the appraisal is: O optional regardless of the sales price O mandatory regardless of sales price O optional only if the sales price does not exceed $100,000 O optional only if the sales price does not exceed $150,000 QUESTION 23 A new real estate salesperson learning about real estate law knows that certain documents must be in writing to be enforceable. One of these laws, the Internal Revenue Code, states that: O contracts for the sale of goods of $1,000.00 or more must be in writing O express contracts must be in writing O implied contracts must be in writing C) an independent contract agreement between a salesperson and his or her broker must be in writing QUESTION 24 Sam and Anna enter into a real estate sales contract whereby Sam is to purchase Anna's house for $80,000. Sam is 17 years old and has $100,000 in a trust fund he received from his father that he will be able to access on his 18th birthday. Closing is scheduled for two days after Sam turns 18. Sam: O can terminate the contract at any time before his 18th birthday because the contract is voidable at his option O cannot terminate the contract because a 17 year old is treated as an adult in Texas for all purposes O or Anna can terminate the contract at anytime before Sam's 18th birthday because the contract is voidable at either party's option O can terminate the contract at anytime because a contract created by a minor is void as against public policy