Study Guide for Modern Real Estate Practice, Nineteenth Edition
Errata (2014-11-24)
At Dearborn™ Real Estate Education, we are proud of our reputation for providing the most complete, current, and accurate information in all our products. We are committed to ensuring the kind of quality you rely on. Please note the following changes, which will be reflected in the next printing of Study Guide for Modern Real Estate Practice, Nineteenth Edition.
Page/Location / Was / Change to85, question 17 / b. NAR has adopted the Internet Listing Display Policy. The policy allows all MLS members to have equal rights to display MLS data, while also respecting the rights of the property owners and the brokers who represent them to market the property as they wish. p. 142 / c. NAR has adopted the Internet Data Exchange. The policy allows all MLS members to have equal rights to display MLS data, while also respecting the rights of the property owners and the brokers who represent them to market the property as they wish. p. 142
155, question 4 / Assuming that all of the transactions are federally related, which of these properties would have to be appraised by a state licensed or certified appraiser? / Assuming that all of the transactions are federally related, which of these properties would NOT have to be appraised by a state licensed or certified appraiser?
166, gray box / The purchaser assumes the existing mortgage balance of $127,042.42, the purchaser will pay cash at the closing in the amount of the difference between the purchase price and the loan balance, and the present monthly payment on the loan is $1,01.40. Closing is October 15. / The purchaser assumes the existing mortgage balance of $127,042.42, the purchaser will pay cash at the closing in the amount of the difference between the purchase price and the loan balance, and the present monthly payment on the loan is $1,001.40. Closing is October 15.
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