Final Practice -Rockwell Study Guide Rated A+

While canvassing a neighborhood, a salesperson informs local homeowners of the city's plans to build a group home for the mentally disabled nearby. "Home prices here will probably fall as a result. Have you thought of selling your home while you can still get top dollar?" The salesperson's actions would probably be considered: A. blockbusting B. an attempt to induce panic selling C. ethically questionable, but legal D. Both A and B {Ans: D. Both A and B Explanation: Blockbusting is an attempt to induce homeowners to sell their homes by predicting that members of a class protected by fair housing laws will be moving into the neighborhood, and that this will have undesirable effects (including a reduction in property values). Blockbusting, which is also known as panic selling, is illegal.}Which provision in a purchase agreement would enable the seller to keep the property on the market and accept an offer from a second buyer? A. Extender clause B. Safety clause C. Release clause D. Hold harmless clause {Ans: C. Release clause Explanation: When a seller has accepted a contingent offer, a release clause in the purchase agreement allows the seller to continue to market his home during