The doctrine of caveat emptor requires that a buyer bear the burden of examining and finding any defects in the condition of improvements on real estate that he or she purchases.

A real estate broker cannot represent both the seller and the purchaser in a transaction.

Under an exclusive listing, an owner hires only one broker to assist in the sale of the real property.

Which of the following cannot be added to an owner’s basis in a home?

Deeds are generally signed only by the grantor.

An open listing entered into between an owner and an agent precludes the owner from selling his or her own property.

A real estate broker can have only express authority.

Title that a prudent purchaser with full knowledge of all the facts would accept is known as insurable title.

Which of the following deed covenants can only be enforced by the owner of the property against the person who gave the property to him or her?

Illiteracy of a party renders a contract unenforceable.