1. What is the main purpose of the pre-test and post-test in the exam prep course?
2. If a student scores below 80% on the pre-test, what should happen next?
3. Which duty is part of the common-law agency responsibilities remembered by OLD CAR?
Exam prep course guidance — purpose?
Identify weak areas and measure readiness.
Agency relationship — principal?
Employs agent to act on their behalf.
Fair housing — protected classes?
FReSH CoRN and race (federally protected).
Purchase contract — earnest money?
Deposit that is refundable upon contingencies.
Lender disclosures — TILA requirement?
Disclose APR and rights within 3 days.
Market analysis — CMA purpose?
Estimate property’s market value by comparison.
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