By law, a license escrow agent must:

a. pay a referral fee to a real estate agent
b. disclose information concerning the transaction to outside parties
c. be a corporation
d. have a real estate broker's license

Answer: c. be a corporation

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A general sales tax is also referred to as an excise tax.

a. true b. false

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Information about the thickness and material used for the foundation footing of a property are contained in:

a. elevation plans. b. plot plans. c. foundation plans. d. county records.

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