1. A listing broker presents an offer from a customer that meets every term asked for in the listing agreement. The seller decides not to sell. Which of the following statements is most likely true?
   1. The broker could collect a commission
   2. The broker could sue for specific performance
   3. The buyer could sue for specific performance
   4. The seller will not have to pay a commission
2. A buyer has made a decision to purchase a property that was formerly occupied by a dry-cleaning establishment. Because of the possibility that the site could be contaminated because of its previous use, which of the following is the best course of action for the licensee representing the buyer?
   1. Advise the buyer to avoid liability for any pollution already present on the property be specifying in the offer that the seller is responsible for any future claims that arise
   2. Advise the buyer that an environmental site assessment may be required by lenders, and would constitute due diligence in the purchase of such a property even if not required
   3. Check the CERCLA (Superfund) registry to see whether the property is listed and, if not, advise the buyer that it should be safe to go ahead with the purchase
   4. Ask the current property owner if he is aware of any pollution other environmental issues on the property
3. An example of modular construction is
   1. Prefabricated housing
   2. An apartment building
   3. A home used as a model
   4. A mobile home
4. The buyer was given a loan estimate at the time of the application for the mortgage and it is now three business days before the closing. The appraisal and the closing disclosure have been given to the buyer. The buyers broker meets her client at the property for a walk-through and to review the documents. Which of the following occurrences will result in the buyer having the right to an additional three days to review the documents?
   1. There was a mathematical error on the proration of taxes or utilities
   2. Appliances are missing even though the seller agreed to include them
   3. The loan product was changed from a fixed rate to one that is adjustable
   4. There was an omission in the property disclosure of a recently discovered special assessment