Sales General Exam (Stringham) Questions and Correct Answers | Latest Update
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Course
Sales General
Institution
Sales General
Under the law of emblements, which of the following situations is true?
(a) The seller deeds the property to the buyer but has rights to the crop.
(b) The buyer gets the land, the seller gets the farm house.
(c) The buyer gets everything, and after harvesting the crop, gets the profits from it.
...
(c) Sell the servicing rights to the loan to another investor.
(d) Collect monthly payments for insurance and taxes and place them in an escrow
account.
✓ -:- Go to court and/or sell the property if the owner defaults any of the
provisions of the mortgage
The buyers insisted they were not interested in a property that was less than 1.75 acres in
size. A house on a property that was 465 feet by 643 looked great. How many acres does it
have?
(a) 5.75
(b) 6.86
(c) 7.25
(d) 4.5
✓ -:- 6.86
The commission structure for the brokerage was 5% on the first $1,000,000 and 8% on the
rest. The property sold for $1,345,000. How much was the commission?
(a) $97,250
(b) $67,250
4|P a g e | G r a d e A + | 2 0 2 0 2 5
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