To assign a contract for the sale of real estate means to
A) record the contract with the county recorder's office.
B) permit another broker to act as agent for the principal.
C) transfer one's rights under the contract.
D) allow the seller and the buyer to exchange positions.
Answer: C) transfer one's rights under the contract.
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A family unit is
a. defined by law. b. limited in size. c. limited to the relatives of one's spouse. d. at least three people.
Under current federal income tax laws, which of the following are tax-deductible items for an owner-occupied single-family dwelling:
A: Mortgage interest payments, property taxes, and mortgage prepayment penalty; B: Mortgage interest payments, capital repairs, and real property taxes; C: Late charges, mortgage interest payments, and broker's commissions; D: Mortgage payments, property taxes, and fire insurance premiums.