Which of the following could an escrow agent give to a real ...

[audragclark]

Which of the following could an escrow agent give to a real estate agent who brought a commercial property closing to her agency?
 A)Two seats to a Lakers game
 B)A subscription to Architectural Digest
 C)A thank-you note
 D)A 25 Barnes and Noble gift card
 E)All of the above would be permissible under RESPA

Question 2

The tax assessor for Los Angeles county wishes to tax The Shane Company, a jeweler that owns the air rights for its five story building above a theater on Wilshire Boulevard. The Shane Company insists that it owns no real property.
 A) The assessor is correct; the air rights are a real property interest.
 B) The Shane Company is correct; air is not a real property interest.
 C) The air rights must be taxed as personal property.
 D) The theater owns the air rights and should be taxed.

[milbourne11]

Answer to Question 1

E

Answer to Question 2

A