Michigan Institute of Real Estate – 6 Hr. CE20A Distance Learning Course 1 1 - According to the Michigan attorney general (AG) , the t op 10 Consumer Complaint Categories of 2019 Include landlord - tenant as well as contractors. True False 2 - Michigan AG announced the 600 million dollar settlement with Equifax resulting from the largest data breach in US history . True False 3 - According to LARA, criminal behavior is interpreted as lack of good moral character which may result i n license suspension or revocation. True False 4 - According to Dearborn W. Vill. Condo. Ass'n v. Makki , if an a ssociation fails to enforce its bylaws against a violating Co - owner , it will be permanently stopped from enforcing the same bylaws against all other future violators True False 5 - In Saunders v. Counts, the court stated that a deed covenant that prohibits the use of property for business, apply to a foster care facility True False 6 - In Thiel v. Goyings , t he co urt fo und that a deed restriction that prohibits modular end prefabricated homes was unenforceable True False 7 - The purpose of “integration clause” is to prevent the parties to a contract from later claiming that the contract does not reflect their entire unders tanding. True False 8 - According to Livonia Gateway Invs. LLC v. Brook Prop. Holding LLC , if buyer failed to obtain financing, he may not get EMD refund unless the contingency specifically addressed that issue. True False 9 - According to In re Estate of Omey vs. Omey , a prenuptial agreement is not enforceable True False 10 - In Kondrat v. Servitto , The seller was not liable for misrepresentations on the sellers disclosure statement because the buyer relied on the inspection to purchase the property. True False 11 - According to MCL 211.27a(6)(h). A sale of more than 50% of the ownership interest in an entity will trigger the uncapping of the taxable value. Such transaction will also be subject to state transfer tax. Michigan Institute of Real Estate – 6 Hr. CE20A Distance Learning Course 2 True False 12 - A counteroffer can be rescinded up until the time it has been accepted. True False 13 - E ven where a landlord consents to a lease assignment, unless the landlord expressly releases the original tenant from any future responsibility, the original tenant remains fully liable for all of the contractual obligations under the lease, including the p ayment of rent. True False 14 - A ttorneys acting in certain capacities, such as court - appointed receivers, may sell real estate without a real estate license. True False 15 - If a licensee is buying or selling property through a corporation, there is no nee d to disclose his/her licensing status True False 16 - Even if licensed by the state to grow Marijuana, the federal government could seize a landlord - client’s building. True False 17 - B uyer - client should be able to protect himself from toxic clean - up responsibility by obtaining a Baseline Environmental Assessment (“BEA”) of the property before or within 45 days after the earlier of the date of closing or the date he occupies the property True False 18 - A lender conducting a foreclosure sale is exempt from the Seller Disclosure Act, but it is not exempt from the federal lead - based paint disclosure requirements True False 19 - A lawsuit to enforce a commercial broker’s lien must be filed wit hin one year after the lien is recorded or the lien is lost True False 20 - Under the Commercial Real Estate Broker’s Lien Act, a buyer’s broker has lien rights only if the buyer’s agency agreement obligates the buyer to pay the commission True False