5 of 10 What would be the least effective way to get to know your buyers needs? 7- What does the paragraph in the listing agreement titled Entire Contract deal with? What will the new owners pay in property taxes? 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? Mortgage brokers do not lend money. 6- List four sections of an Internet website that might be of particular appeal to prospective buyers. 47- Which of the following duties is not a permitted activity for an unlicensed personal assistant? Lenders are in the best position to qualify buyers. 5- Under what circumstances can a loss on the sale of a personal residence be deducted from income taxes? Understanding the kind of responses your advertising generates, D. Being able to anticipate the callers requirements. 4- Agent Greg receives a call about one of his firms ads. 105- Agent Alice has received an offer that she believes is not in the sellers best interest. an opinion of value for the day of the appraisal only. : The Commission could suspend or revoke Rob's license. 55- Greg is approved for a Cal-Vet loan. A. Jim specializes in clients who want to buy restaurants. D. Brenda has not violated any fiduciary duty. munich latitude compared to us; pro sun tan. The adjusted cost basis of the first home was $140,000. 1 of 50 Which of the following newspaper information is not helpful in developing a Prospecting Plan? 7 of 10 How might probate information help in prospecting? Nam risus ante, dapibus a molestie consequat, ultrices ac magna. 2- Describe an open listing. They sold the home for $450,000 and paid $30,000 in selling expenses, including the brokers commission. 1 of 10 All of the following are good newspaper sections to read for prospecting except which? She sold the property and several months later the buyer sued Pam for not disclosing the problem. B. D. Offer to call the prospect when new listings that meet his or her criteria come on the market. Seeking buyers for your listings B. 2. California: Real Estate Practice Ch7 Quiz with no answers. 4- What items are not covered by any title insurance policy? 37 of 50 Which of the following economic characteristics is true? What is most likely their main motivation for investing? 40- Which of the following phrases should Salesperson Brenda avoid when writing an advertisement for one of her listings? D. The UCC is a body of law that standardizes a number of business practices. How does ALTA-R differ from ALTA? buyer randy makes an offer to purchase Does not need to be familiar with office policy. 15 of 50 Agent Will has had a listing with the Bryants for 6 weeks. 3- For whom do property tax exemptions exist and for how much? 4 of 10 Examining the economic soundness of a property means looking at all of the following except which? 81- Jake has decided to specialize in working with clients who purchase schools. 5 of 10 Which of these statements is not true about qualifying buyers? 57- Under federal income tax law, the basis for a personal residence is which of the following: A. Post by; on fulgrim vs guilliman excerpt; clubhouse baseball iphone . B. 3 of 10 What kind of ad usually combines both institutional and product advertising? 5 of 10 Alice has decided that she will specialize in selling farm land. In this case, multiply the monthly income ($600) by 12. 6- What does the security and insurance clause of the listing agreement address? Which of the following would be the least likely place for them to obtain a loan? Which term is the process of joining several parcels of land into one larger parcel? B. Before completing the form, discuss the following important points with the home seller: Price. C. The lender gives the borrower a mortgage and funds. A. What should Tom do? 4 of 10 Which of these is not an important aspect of selling? California: Real Estate Practice Chapter 13 Quiz with no answers. A. How much do you have in your savings account? "No, you may lose the house." The check that accompanies the salesperson license application must be for what amount? 3 of 10 Which of the following would be an example of a licensee specializing in business type? C. The fair market value at the time of sale B. 7 of 10 Which paragraph of the purchase agreement must be initialed by both buyers and sellers for it to apply? D. Hold it with the buyers permission until the contract is accepted. 19 of 50 When doing a competitive market analysis, the recently sold properties you include should have sold within what timeframe? Answer: D- They are effectively terminating the original offer. A. He asks, Which one of the children gets the basement bedroom with the private entrance? What kind of closing technique is Tim using? Auteur/autrice de la publication : Post published: 16 juin 2022 Post category: aerogarden pump settings for herbs aerogarden pump settings for herbs D. Will conducted an agent open house last week that was attended by 25 agents. Bob cannot do anything; it is out of his hands. 6 of 50 Broker Tami has a very low advertising budget. buyer randy makes an offer to purchase. He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? 4 of 10 Which of the following would be the least desirable phone handling technique? 3- What is the major difference between an exclusive-authorization-and-right-to-sell listing and an exclusive-agency listing? A. Minimize expenses while maximizing profits for the owner. C. Give the tenant a 3-day notice to pay or quit. 82- What is the minimum period of time over which the owner of an apartment building can depreciate the improvements? B. Ken must obtain his own training. You can make a Best Offer on listings that have a Make Offer button. The bundle of rights does NOT include the right of, Billy has a two-acre lot that is zoned agricultural. Jim has decided that he will learn all he can about the new subdivisions at the west end of town. Present the offer and tell the seller that the check needs to be held until June 30. D. The borrower gets a note in exchange for a mortgage. 10- What is the right to rescind and what is not covered by this rule? 6 of 10 Which booklet is not part of the Combined Hazards Book? fairbanks ice dogs standings . 1- What is a competitive market analysis? 7- Ben and Blanche receive a $200,000 offer on their home, which is listed at $208,000. 8- When does a purchase offer become a legal contract? In the past year they have referred two dozen people who have purchased flooring from New Age. 5- Under what circumstances can a loss on the sale of a personal residence be deducted from income taxes? 1 of 10 Which Fair Housing Law added sex to the list of protected classes? Next, determine the remainder of the loan; $185,000 - $40,000 = $145,000. 4- Describe a reverse annuity mortgage. 3. 73- Which of these is not a buying signal? Answer: C- 10% of the sales contract offer, What is the suggested response when a buyer asks "Do you think the seller will come down on the price?" Can be used in place of a verbal presentation. 7- Ben and Blanche receive a $200,000 offer on their home, which is listed at $208,000. What should Bob do? B. 59- Which of the following is a sellers request that an agent cannot honor? 2. A. 4. What will they have to pay at closing for the points? 1- When is an agency relationship created? 4- Why is it important to talk to the sellers about the buyers? What kind of closing technique is Harry using? Fill out a separate, numbered counteroffer form. 7 of 10 Which of these forms is not filled out by the seller? Display lots of family photos to impress potential buyers. D. Allows a broker to have as a commission anything above the minimum the seller sets. A rental condominium for a recreational vehicle. "Let's make a low ball offer?" What kind of lease does Jim have? 100- What does the Real Estate Disclosure Law refer to? Answer: D- It was never effective since Sam had not notified Mary of the acceptance. Is critical to your success in real estate. 3- What are the three general responsibilities of a property manager? A. C. The court has ordered the transfer of Sally Greens home to her friend Penny Jacobs as part of the settlement of Sallys estate. First, determine what you originally paid for the house: $139,900 x 1.10 (100% + 10% = 110% or 1.10) = $153,890. 4 of 10 Once an offer has been accepted, the agent should do all of the following except which? A duplex owner might need to remodel the kitchen in the rental unit to accommodate persons with disabilities. 100 Gives the names of lawyers who might require property assistance. From the 200' depth, subtract the 20' rear and front setback (200' - 40' = 160'). I do not know (who\underline{\text{who}}who, whom) the guest speaker will be. D. Pam is has no duty to investigate and may rely on the opinion of a heating professional or home inspector. 45 of 50 What is the Federal Housing Administrations primary role in the mortgage market? 48- The public report that a developer must provide when offering subdivided lands for sale is provided by which agency? 6- What is the ultimate result of using the Closing Disclosure form? 1- When preparing to present an offer to the sellers, what kinds of supporting information can be helpful? by | Jun 16, 2022 | baja telecaster vs american special | muslim population in spain in 2021 | Jun 16, 2022 | baja telecaster vs american special | muslim population in spain in 2021 26 of 50 Veteran Bill has applied and been approved for a non-VA-guaranteed CalVet loan. D. The interest payment is always smaller then the amount allocated to the principal. B. Most likely, what did they get? Tommy Gee encounters an owner of a property who has no equity in the home because of a sharp decline in market values. If the terms offered by the Buyer are acceptable to the Seller, the Seller signs the Offer Form to begin the sale. Enter your offer. 8 of 10 Which of the following will give you comparative market data the fastest? 30 of 50 After six months time, manager Tim wants to terminate the lease of one of his month-to-month tenants. 77- Which of the following Internet pages might not be of particular interest to buyers? 8- Which section of the purchase agreement does not apply directly to the buyers and sellers? B. B. Sandy and Bill are putting 30% down on their home purchase. It took effect when Sam accepted Mary's offer. Chapter 8: QUIZ QUESTIONS Flashcards | Quizlet A. I will complete the GRI certification in the next four years. 4 of 10 Which of the following is NOT a condition of the safe harbor test? 3 of 10 Which of the following forms is non-standard and should be prepared by a broker to give to sellers? 5 of 10 Which of these is not a true statement? 2- When establishing rapport, whats one of the best ways to get to know your buyers? Ask the buyer if the buyer would like to make an offer taking the roof age into account. C. Analyzing the income potential of the property. 2- What is important to remember about multiple offers? A. He sold the home for $750,000 and paid $50,000 in selling expenses, including the brokers commission. Department of Housing and Urban Development, C. Recorders Office in the county where the land is located. 1- What is an important thing to remember about listing agreements? If the loan is VA guaranteed, no down payment is required. Follow the below steps to write a solid purchase agreement: Step 1 - Buyer and Seller Details. 11- What are the penalties for violating Regulation Z? Is there a contract between the buyer and seller? $5,500 the first year, plus a maximum 2% increase in market value per year, B. Which of these ad headlines would probably be the least effective for this home? B. 29- Which of the following is not a good direct mail technique? 69,200 Other than residential list three kinds of property in the real estate market. 7 of 10 Which of these is not a good thing to do when writing a counteroffer? A. B. C. Exclusive-authorization-and-right-to-sell. 8 of 10 What does the paragraph on repairs state? 68- Greg and Joyce have an adjustable rate mortgage on their home. B. A. A Bill of Sale gives title to the business equipment. 4 of 50 Seller Kim tells her agent Greg that she would be willing to accept $185,000 on her $205,000 listed home. 24 of 50 Tim thinks his buyers are ready to make an offer. 7- Agent Jim needs to do a visual inspection of his listing. 11. Mary makes an offer to purchase a duplex from Sam. B. He just sold it for $13,000. 2- List the three Institute of Real Estate Management property management designations. 35 of 50 Agent John just listed a home in a mid-range priced neighborhood. Whoever brings the buyer will get the commission. mejores programas bases de datos. What property type will he be dealing with? 2 of 50 Residential property includes all of the following EXCEPT which? 57- Under federal income tax law, the basis for a personal residence is which of the following: A. 5- What kind of newspaper ad could you place to solicit a listing? How much did Sam gain or lose on the sale? B. How would Grants lease at this time be classified? 6 of 10 Which of the following statements is not true? Seller Stuart calls buyer Bruce, stating that he has changed his mind and now has no intention, under any circumstance, of coming to the closing table to complete the transaction set forth in their executed contract. Answer: B- Licensee Fred should take the offer to the seller and determine if the escrow deposit is acceptable. 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. D. The casement windows have broken seals. Before the sale can get finalized, the owner would require you to first meet certain conditions. C. Maintaining the office filing system. 8- Under what conditions may a landlord enter a tenants property? What should Jake do? rickey smiley and grandson videos Tom thereupon submits a full-price offer to the owner and purchases the property. 3- What kinds of limits are placed on the interest rate in an adjustable rate mortgage? D. After the agent has had time to make copies at the office. 7 of 10 Which disclosure form gives detailed information about the propertys condition? Only after receiving the tenants consent. Hes very comfortable selling that type of property and knows he can work well with clients in that area. The term of the loan can be shortened. 5- What does the safety clause in the listing agreement do? A. C. The buyers are interested in another property. What approach can Greg use to discourage the person from calling other agents? 4- How is property management seen as a risk to investing? The other 75% came from an hourly wage paid by Tami. 103- Kirk and Sandy obtained a wraparound mortgage. Sets a limit on the commission a broker can earn. 5. 3- How could refinancing be an investment benefit? D. In most situations, an assistant should not have the responsibility of in-person contact with clients. Practice exam for California Real Estate Practice Class, Answers will be revealed with the correct subscription. 3- What is the major difference between an exclusive-authorization-and-right-to-sell listing and an exclusive-agency listing? 12- What does TRID require of lenders? California: Real Estate Practice Ch12 Quiz with no answers. Receives special tax considerations. C. The loan term will extend gradually over time. C. There is a 6-month pre-payment penalty for paying off the loan early. Name and define the two forms of advertising. 2- When looking at homes currently for sale, what is important for a prospective seller to know about asking price? A. 2 of 10 When can a landlord enter a tenants property to make repairs or show it? 7- What does the paragraph in the listing agreement titled Entire Contract deal with? 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? C. Insurance agents dealing with customers. A. Salesperson Sally tells her senior citizen buyers that the home they want to view is located in a neighborhood with several small children and loud teenagers. D. Seeking buyers for others agents listings. C. Alice is getting a conventional loan and making a 15% down payment. 4. Recommend a counteroffer back to list price. Answer: D- Return the money to buyer Norm. The offer with the highest price Radio advertising is not as effective as other methods because listeners can be distracted by their activities and not hear the ads. There are several steps in calculating the answer to this question.
Did Barry Goldberg Ever Marry Lainey, Articles B