A real estate licensee submits a license renewal application, but his name is on a list of obligors who have not complied with a court-ordered payment of child support. Which of the following is most nearly correct:
A: The license cannot be renewed until he has paid the delinquent amount;
B: The renewal will be approved, but the license will be suspended until he makes up the delinquent amount;
C: A temporary renewal will be issued, but the licensee must pay the delinquent amount within 150 days;
D: The license will be renewed for a one-year term only, unless the licensee submits proof from the District Attorney that the debt has been paid.
Answer: C: A temporary renewal will be issued, but the licensee must pay the delinquent amount within 150 days;
You might also like to view...
What is the legal term given to a clause that makes a contract enforceable against a buyer only if the buyer is able to secure a building inspection satisfactory to the buyer?
a. A liquidated damages clause b. A limitation of liability clause c. A condition subsequent d. A condition precedent
Jones conveyed his ranch to Brown using a land contract. The ranch was serviced by a mutual water company, and Jones was a stockholder in the company. The stock which Jones owned was appurtenant to the land. Does Brown have to enter into a separate contract for the stock of the mutual water company:
A: Yes, since stock is always personal property and therefore not included in land contracts; B: No, because land in California cannot be sold without water rights; C: Yes, because real property is not always accompanied by water rights; D: No, because the stock was appurtenant to the land and therefore part of the real property and part of the land contract.