106- If broker Tim advertises a property for sale that he doesnt intend to sell so that he can attract potential buyers, Tim is practicing: >Real Estate Practice Class Questions with no Answers for 1- When is an agency relationship created? 5 of 10 Which of these statements is not true about qualifying buyers? 98- Grant moves into his new office space while he awaits the completion of the negotiations of the lease terms. Fusce, Explore over 16 million step-by-step answers from our library, acinia pulvinar tortor nec facilisis. The selling agent must provide the disclosure to the seller as soon as practicable prior to presenting a purchase offer. 1- What are the five aspects that are involved in any selling approach? California: Real Estate Practice Ch7 Quiz with no answers. B. There is a crack in the basement wall. C. Prepare additional documentation to take to the presentation. 3- For whom do property tax exemptions exist and for how much? What law creates an automatic lien on a commercial property, subject to the listing agreement? Write a counteroffer. cross elasticity of demand for train rides with respect to the price of a plane ride Sexta, 26 de novembro de 2021 . The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses, Edge Reading, Writing and Language: Level C, David W. Moore, Deborah Short, Michael W. Smith. Fill out a separate, numbered counteroffer form. B. 33- Which statement is true about a loan that has a negative amortization? Before the sale can get finalized, the owner would require you to first meet certain conditions. The lender in case of the borrowers death, C. The lender against delinquent payments, D. The lender in case of the borrowers default. D. Exclusive-authorization-and-right-to-sell agreement. The agent should, Something of value given to another as an inducement for entering into a contract is termed, To emphasize the timely performance as an essential part of the contract, a contract would use the words. 7 of 10 Which statement is not true about opening escrows? 9 of 10 A shopping center would be primarily categorized as what type of property? B. C. Johns office has a selection of books, CDs and tapes for agent use. B. 1 of 10 Broker Alice has hired several independent contractors in her firm. 1- What do you need to check if you want to conduct a door-to-door canvass in a neighborhood? Is there a contract between the buyer and seller? What should a licensees written employment agreement contain? 5 of 10 Which of the following is not a source of information for professional ethics codes? 5 of 10 RESPA applies to all of the following EXCEPT which? castilian drive, los angeles. He just sold it for $13,000. A. The offer with the highest price that is the most likely to close 1 of 10 All of the following are good newspaper sections to read for prospecting except which? Give as much detailed information about the property as you can. D. After the agent has had time to make copies at the office. Decide which offer is best and present that one. 9 of 10 How can a seller lessen the tax impact of selling a home for enough profit that he or she will be boosted to a much higher tax bracket? Q: Buyer Randy makes an offer to purchase one of Broker Tom's listings on June 15. C. Giving buyers your opinion of what works best for them. 6 of 10 How often can a tenant call his or her own professional to make repairs and then deduct the amount from the next months rent? Whoever brings the buyer will get the commission. 2 of 10 Which of the following is not a fiduciary duty an agent owes to his or her principal? California: Real Estate Practice Chapter 16 Quiz with no answers, 1 of 10 According to FIRPTA, what percent would a buyer who is buying the property as a personal residence need to withhold when purchasing a $200,000 home from a foreigner?. He succeeds in setting up an appointment to meet with the caller. D. The first and second mortgage will be rolled into one. What should Tom do? Where is it that he likely found out the property was for sale? The sales agent should: Write a counteroffer stipulating the sellers' request. A Bill of Sale gives title to the business equipment. 2 of 10 Which of these is not an AIDA characteristic? B. Download an offer to purchase document and refer to the annotated Agreement of Purchase and Sale to help you fill it out. D. Will conducted an agent open house last week that was attended by 25 agents. Pellentesque dapibus efficitur laoreet. 8- Which section of the purchase agreement does not apply directly to the buyers and sellers? B. 80- Which of the following is an example of commingling? Which term is the process of joining several parcels of land into one larger parcel? 6- When is a lender required to terminate a borrowers private mortgage insurance? Use as little white space as possible. Checking your browser. 3- What is the difference between CLTA and ALTA policies? 4 of 10 If a person believes he or she has been discriminated against, how long does he or she have to file a HUD complaint? D. Write advertisements and promotional materials with the approval of the licensee and supervising broker. B. 6 of 10 Which of these is not a tool to help evaluate advertising effectiveness? 5 of 10 Which of these is not a true statement? A. 32 of 50 Alice is an employee of Mid-State Realty Services. Follow the below steps to write a solid purchase agreement: Step 1 - Buyer and Seller Details. 42- Alice is planning her career and setting her goals. B. A. The sellers want the earnest money check made payable to them instead. 6- What does the security and insurance clause of the listing agreement address? they are effectively terminating the original offer. The Reality of Purchase Offers . 10 of 10 If an agent does not comply with the requirement of conducting a visual inspection of a property, how long after possession does the buyer have to file a suit? Study the other terms of the offer so that you can maximize the offers benefits and minimize the lower price. 10 of 10 Which of the following is not a possible benefit of investing in real property? A. B. To access the website, click "Allow". A. Greg Burns is selling his interest in his home to his wife Melanie as part of their divorce settlement. B. D. Placing a classified ad in the weekend paper. Sunday afternoon, Mary is driving around and finds a property she likes better. 8 of 10 Which of the following will give you comparative market data the fastest? 9 of 10 Agent Paul is bound to inform his client of all facts that might affect the clients interests both what Paul knows and what he should have known. Which of these situations would not be something Paul should know? B. 8- Which section of the purchase agreement does not apply directly to the buyers and sellers? When Bill pulls in front of the home, Linda decides immediately that she doesnt want to see the inside. D. She should persuade them to accept the offer. 50 of 50 Eric is acting as a disclosed dual agent in a transaction. B. The listing agent must provide the disclosure to the seller prior to securing the listing agreement. Information on current loan programs. She doesnt need a license to perform many activities at the firm, but which of the following would require her to have a license? A. Select Review offer. 67- Hannah is a real estate assistant. Bob receives an offer from a buyer that is 12% below Sam's asking price. C. The fair market value at the time of sale C. It must specify a definite termination date. This broker is guilty of what prohibited activity? 5. 07 Jun. C. Print postage labels from your computer. How does ALTA-R differ from ALTA? C. If the selling agent does not deal directly with the seller, the selling agent is not required to provide the disclosure. C. An assistant can keep track of the progress of activities during escrow. 4 of 10 Which is true of an exclusive-authorization-to-acquire-property agreement? Bill cannot contact the seller. \end{array} How would Grants lease at this time be classified? 63- Jennys home appraised for $550,000. B. university of missouri hospital salaries 2021; port orange arrests today. The advertiser can be sentenced to up to a year in prison. B. 4 of 10 Examining the economic soundness of a property means looking at all of the following except which? 4 of 10 Which of the following would be the least desirable phone handling technique? 2 of 10 Which of these statements is true? One offer is for $208,000; the other is for $200,000. California: Real Estate Practice Ch5 Quiz with no answers. 4- Describe how a property manager can receive his or her fees. 1 of 50 Which of the following newspaper information is not helpful in developing a Prospecting Plan? B. D. Goals must be realistic if you hope to accomplish them. yellowbrick scholarship reviews. 2. Present the $208,000 offer today and wait for a response from the sellers before he presents the other offer. Pellentesque dapibus efficitur laoreet. He sounds really excited about this property. Find solutions. A. Make no recommendations and let the sellers decide on their own. A secondary bid for a property that is for more than the first offer 9 of 10 When you believe an offer is both fair and reasonable but it does not meet the sellers asking price, you should: A. Amanda loves the home and wants to make an offer. 9- What required disclosure is a result of Megans Law? buyer randy makes an offer to purchase buyer randy makes an offer to purchase. D. Property evaluations from other agents have valuable information for sellers. 4 of 10 What is a good method for an assistant to keep track of the various types of files a real estate broker must have? What percent of loss did you have? Randy gives Tom an earnest money check f Randy gives Tom an earnest money check f Q: according to the law governing mortgage loan brokers what is the maximum commission Broker Dan can charge for securing a It must be in writing to be enforceable. $6,740 Receives special tax considerations. Who will pay the points? 3 of 10 Which paragraph of the purchase agreement states that if the buyer defaults after acceptance, he or she may be liable for the brokers commission? Give $250 to the buyer and $250 to the seller. Randy and his real estate agent, Bob, enter into a listing agreement whereby Bob may list Randy's property but Randy may also try to find a buyer Bob finds Clarice, a buyer who has enough cash to purchase the property and would like to purchase the property today. D. Magazine ads are significantly more expensive than newspaper ads. 1 of 10 When you receive an offer on a listing for less than asking price, you should not: A. \hline 4- What is the agreement that a broker can enter into with a buyer? buyer randy makes an offer to purchase. Broker John puts $500 into his trust account. Her asking price was $560,000 and the property sold for $575,000. D. Visiting a neighborhood with a co-worker could make you feel more comfortable. Which of these ad headlines would probably be the least effective for this home? A. Tom then resells the property to the developer and pockets a $300,000 profit. Which of these forms of advertising is she most likely to avoid? 1- What is the most important factor for a prospective homebuyer to consider in the decision to purchase? Answer: D- They are effectively terminating the original offer. 46- A life insurance company would most likely invest in all but which of the following properties? B. Exclusive-authorization-and-right-to-sell agreement. 2- What is floor time and why is it important? Which of the following conditions is Paul not required to report on this form? Course Hero is not sponsored or endorsed by any college or university. 9- Define a purchase money mortgage. 1 of 10 All of the following are good approaches for handling objections except which? A. Answer: D- Return the money to buyer Norm. A. Ken is responsible for his own taxes, while the broker pays Sarahs. 4 of 10 RESPA gives the buyer the right to review the completed closing disclosure how long before closing? It can provide a steady stream of future clients. A. I will complete the GRI certification in the next four years. 8- Why should agent Grace give her client a Combined Hazards Book? 3- For whom do property tax exemptions exist and for how much? B. I will practice my listing presentations. Be open-minded. A. Hikayemiz; Misyon & Vizyon; Kalite Politikamz; Sertifikalarmz; ISPM-15 aretleme zin Duyuru; Sosyal Sorumluluk; Hizmetlerimiz What is the key feature of this type of loan? An agent should print off a copy of the listing on the companys Internet site to send to the sellers. The Haleys want to get a mortgage that will cover the purchase price plus all the furnishings. C. Real Estate Settlement and Procedures Act. Gives the names of lawyers who might require property assistance. 4. 27 of 50 Tim and Sue have obtained a buydown loan on their newly built home. 10 of 10 Most sellers object to offers based on: 1- When preparing to present an offer to the sellers, what kinds of supporting information can be helpful? Can be used in place of a verbal presentation. Go back to the buyer's agent and try to get the offer higher. 7 of 10 Which of these forms is not filled out by the seller? 10 of 11 Mark gets a home loan and the lender will charge him 3 points at closing. Which of these expenses is not associated with owning a home? C. Have keys made for company listings. A. Answer: B- The contract is voidable due to mutual mistake. 10 of 10 Which of these Internet pages might be of particular interest to sellers? D. The owner has 45 days to file a change in ownership statement. A. 4 of 10 If someone shows up at the sellers door unexpectedly to see the home, the sellers should: C. Take their names and call your office. D. Written escrow instructions must include a statement with the brokers name, indicating he or she is a licensed real estate agent. She can do all of the following except which? 8 of 10 Which of these marketing tools is not considered a traditional tool? Anasayfa; Hakkmzda. 8- Why is it important to have a written prospecting plan? This best describes. 81- Jake has decided to specialize in working with clients who purchase schools. B. A. What kind of mortgage might they get? One day later. If a seller changes the terms of the offer to purchase, he has created a counteroffer. 1- When preparing to present an offer to the sellers, what kinds of supporting information can be helpful? 62- When agent Hal shows a home he should never: A. A duplex owner might need to remodel the kitchen in the rental unit to accommodate persons with disabilities. 2 of 10 All of these statements are true except which one? 3 of 10 Homeowners can deduct all but which of the following from their income taxes? How would you classify this essay (high or low comedy)? Is generally viewed as unprofessional. What kinds of things should he be looking for? The borrower makes payments of interest only over the term of the loan. Could be a violation of state licensing laws. A. 8 of 12 Fannie Mae does all of the following activities except which? 4 of 10 Which of the following is NOT a condition of the safe harbor test? Several weeks later, Agent Tom becomes aware of a developer who would pay as much as $1,000,000 for the property. Department of Housing and Urban Development, C. Recorders Office in the county where the land is located. 37 of 50 Which of the following economic characteristics is true? Prior to bringing an offer to purchase. five letter words with l; jaiswal surname caste; pros and cons of herzberg theory; sechrest funeral home obituaries; curious george stuffed animal 1975; cornerstone staffing application 0 Randy gives Tom an earnest money check for $1,000 and asks Tom to hold it until June 30, regardless of the date the seller accepts the offer. \text { Annual cost of scrap materials } & 286,000 \\ 2 of 10 A competitive market analysis contains information about all of the following items except which? Nam risus ante, dapibus a molestie consequat, ultrices ac magna. B. 6- What does the security and insurance clause of the listing agreement address? On what amount will he pay capital gains tax? 35 of 50 Agent John just listed a home in a mid-range priced neighborhood. 3- What are the three general responsibilities of a property manager? 3 of 10 Jake has received two offers on one of his listings. D. Amanda smiles at Jim when she sees the whirlpool tub. 3 of 50 Paul is filling out the Natural Hazard Disclosure Statement. 4- What items are not covered by any title insurance policy? Auteur/autrice de la publication : Post published: 16 juin 2022 Post category: aerogarden pump settings for herbs aerogarden pump settings for herbs 10- Which disclosures are NOT required to be made when selling residential property? First, determine what you originally paid for the house: $139,900 x 1.10 (100% + 10% = 110% or 1.10) = $153,890. 8- Why is it important to have a written prospecting plan? 82- What is the minimum period of time over which the owner of an apartment building can depreciate the improvements? B. Yes, there was a contract when the seller mailed the offer, If, upon receipt of an offer to purchase under certain terms, the seller makes a counteroffer, the prospective buyer is. She tells Broker Al that he can list the property for whatever price he wants and anything he gets above the $150,000 he can keep as his commission. B. 56- Which is not a true statement about the Agency Disclosure? 39- When doing a competitive market analysis, an agent looks at all but which of the following factors? B. 1- What are the five aspects that are involved in any selling approach? B. What are the buyer's costs on a $185,000 sale if the lender charges a 2% loan origination fee and 2 points? D. Broker Gina puts $150 into her trust account. A. 8. They were counting on a full-price offer and are very disappointed. 5- What actions can the sellers take regarding the purchase offer? A. Wills weekly report indicates two showings and five inquiries for the week. For what type of loan is the borrower applying? 21- Which form of advertising is considered the most cost-effective method for selling a home? B. At the end of the term, the loan balance will be negative. Sam asks Bob what the price is. B. Installation of central air conditioning, D. Addition of a tenant laundry facility. D. Greg has no fiduciary responsibilities to Kim once the listing expired. A. This type of action might be viewed as: Buyer Frank has just signed a sales contract for a 2 million dollar property. B. 40 of 50 Which of the following Internet pages might not be of particular interest to buyers? B. D. The date Abby makes the request to receive the booklet. 75- All but which of the following is NOT an AIDA feature? Person must be properly licensed. A. Lead-based paint was used in the home. 2- When looking at homes currently for sale, what is important for a prospective seller to know about asking price? Certain homeowners may qualify for a $10,000 exemption. 6 of 12 The maximum commission amount a mortgage loan broker can charge on a second mortgage loan of 3 years for $18,000 is what? Offer to mail the caller a set of fliers on interesting properties. 7- Name three benefits of listing a home with an agent that you could share with sellers. 9 of 10 All of these might be a buying signal except which? A. For income tax purposes, the IRS would probably classify Patrick as: 32- Broker Alice has a listing agreement with Jack. He made $150,000 of improvements during the three years he lived in it before he sold it. B. Pam is not liable since it was summer and the heating problem was not obvious. B. C. Emphasize that this home is a great buy and it would be a shame for them to dismiss it without looking first. 1 of 10 Which of these statements is not true? 6- Whats important to know about the Liquidated Damages paragraph? The lender must furnish a copy of the CFPB booklet to Abby no later than the third business day from which date? C. The court has ordered the transfer of Sally Greens home to her friend Penny Jacobs as part of the settlement of Sallys estate. 6. 2 of 50 Residential property includes all of the following EXCEPT which? 2- Describe an open listing. 9 of 10 Which of these is not a helpful homeowner tip? D. Interest rates are typically fixed rate. sam neill laura tingle split D. There is a loan protection plan included with the loan. 1 of 10 What kind of lease contains a recapture clause? If the terms offered by the Buyer are acceptable to the Seller, the Seller signs the Offer Form to begin the sale. When a home seller accepts a purchase offer, the seller is hoping the buyer will complete the transaction at the agreed-on price and believes there is nothing wrong with the condition of the home. Negotiate agreements regarding commission structuring. Click the "Allow" button. 4- Describe a reverse annuity mortgage. Bob Broker represents Sam Seller. 7 of 10 Which of the following is not a national real estate trade organization? 4- What are the major areas of newspaper leads? B. Rule 21 23- Jonestown Community Bank refuses to lend money to potential homeowners trying to purchase property in the predominantly Asian neighborhood on the west end of town. 16 of 50 When doing research to recommend a reasonable listing price for a home, the most critical part of the research deals with analyzing: C. Listing prices of homes that expired unsold, D. Selling prices of recently sold homes. The price of a plane ride rises by 10 percent. Answer: B- Licensee Fred should take the offer to the seller and determine if the escrow deposit is acceptable. 3- What signals do buyers use to indicate they may be willing to make a purchase? 6- When is a lender required to terminate a borrowers private mortgage insurance? 61- Bill and Sue secured a mortgage loan that is tied to an index which fluctuates over the life of the loan. 7 of 10 How might probate information help in prospecting? C. Broker Harry deposits $1000 into his brokerage business account. The seller accepts the offer by signing it, puts the accepted offer in an envelope addressed to the buyer, and places it in a U.S. mailbox. 5- Your listing presentation manual should be made up of two sections that address what issues? 4- What do Fannie Mae and Ginnie Mae do that Freddie Mac does not? C. A counteroffer can give the buyers an out if they want one. Which of the following is true, if you are licensed as a referral agent? 2- Explain the difference between the primary and secondary mortgage markets. C. Accept commissions from referral agents. A counteroffer represents a rejection of an offer. From the 200' depth, subtract the 20' rear and front setback (200' - 40' = 160'). "Let's make a low ball offer?" B. I will do two practice listing presentations per week with an experienced agent for the next two months. 6- What is important for the sellers to know about a counteroffer? 23 of 50 Which of the following statements best describes what happens in a mortgage loan transaction? 2 of 12 Which of the following statements is not true about the Federal Reserve? D. Meet with the buyers lender to ensure theyre getting a good deal. What approach can their agent take to change the sellers perception of the offer? D. If the buyer rejects the first counteroffer, the seller can accept the first offer. California: Real Estate Practice Ch11 Quiz with no answers. She tells them they would not be comfortable in this home and she shows them a list of homes in other neighborhoods she thinks would be more appropriate. What is the status of the contract between Sam and Mary? 74- Which statement is not true about an agency relationship? What should Bob do? Present the offer and tell the seller that the check needs to be held until June 30. itur laoreet. 7 of 50 Glenna and Amanda just bought their first home. A buyer has obtained a mortgage in which the LTV is 95% of the first $40,000 of the sale price and 90% of the remainder of the sale price.

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