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QUESTION 4 Richard, a real estate licensee desperate to make a commission, tells Becky, a prospective purchaser, that there were no termite problems with the
QUESTION 4 Richard, a real estate licensee desperate to make a commission, tells Becky, a prospective purchaser, that there were no termite problems with the real estate when. in fact, just the prior week he saw an exposed interior wall riddled with termites. If Becky purchases the real estate, is Richard potentially liable for damages for this misstatement of fact? And if so, under what law would liability fall? O Yes, the Texas Deceptive Trade Practices--Consumer Protection Act O Yes, the Federal Fair Housing Laws C) Yes, the Federal Deceptive Trade Practices Statute O No QUESTION 5 Mike and Bob enter into a real estate sales contract for the purchase of Bob's property. Bob's house is located on the coast on the intracoastal waterway. The property was constructed in 1979. Which addendum should be used to disclose the location of the property? O Addendum for Property Located Seaward of the Gulf lntracoastal Waterway O Addendum for lntracoastal Waterway O Seaward Addendum O WatenNay Easement Addendum QUESTION 6 Garrett purchased 50 acres in the country that had not yet been developed. When construction began on his house, he was told that he had to grant access to the electric company to put in new lines as well as to access the lines in the future. What is this type of access right? O easement in gross O easement in future O easement appurtenant O easement by express reservation
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