Now, calculate how much you lost: $153,890 - $139,900 = $13,990. A. Forwarding calls from the public to one of the salespersons in the office. 3- What is the major difference between an exclusive-authorization-and-right-to-sell listing and an exclusive-agency listing? C. Is not necessary if the verbal presentation is strong. D. Purchasing loans from primary lenders. D. Interest rates are typically fixed rate. Recommend a counteroffer back to list price. escrow money must be passed back to the buyer. 100- What does the Real Estate Disclosure Law refer to? A real estate investment business organized as a trust best describes a(n), Chapter 9 - Cellular Respiration and Fermenta, flash card for the first 25 math question, Operations Management: Sustainability and Supply Chain Management, Alexander Holmes, Barbara Illowsky, Susan Dean, Calculus for Business, Economics, Life Sciences and Social Sciences, Karl E. Byleen, Michael R. Ziegler, Michae Ziegler, Raymond A. Barnett, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. 6 of 10 In the listing agreement, a seller can choose to decline/disapprove all but which of the following items? 31 of 50 Which of the following AIDA characteristics is the most critical in the ad? You had a 9% loss. California: Real Estate Practice Ch11 Quiz with no answers. 92- Which of the following situations is not exempt from the seller disclosure requirement? 11- What is a public report and when must it be provided? What should you keep in mind when developing your marketing plans? C. Do you need the equity from your current home for the new home purchase? $5,500 the first year, plus a maximum 2% increase in market value per year, B. B. The sellers want the earnest money check made payable to them instead. Answer: A- Proceed as if the buyer has decided to make an offer. 91- This paragraph of the purchase agreements informs the seller of the buyers right to inspect the property and can cancel or request maintenance based on findings. 8- What is an important issue for potential buyer clients to understand? 5- When must a licensee provide an agency disclosure to a prospective client? D. The selling agent must provide the disclosure to the buyer as soon as practicable prior to the execution of the buyers offer to purchase. C. Find a lender who is willing to do FHA loans. 95- Who is liable for the withholding on the sale of a property owned by a foreigner? 63- Jennys home appraised for $550,000. This broker is guilty of what prohibited activity? D. Offer to call the prospect when new listings that meet his or her criteria come on the market. mejores programas bases de datos. If checked, the seller can complete repairs after closing. D. All adjustable rate mortgages have negative amortization. 1 of 10 Broker Alice has hired several independent contractors in her firm. wigan warriors west stand chef buddy microwave egg cooker instructions; telemundo la casa de los famosos en vivo It can provide a steady stream of future clients. Private mortgage insurance is available for FHA loans. What is the result? The owner of the property is HIV positive. Suggest that the buyer look at a different house. C. Johns office has a selection of books, CDs and tapes for agent use. Skip the activity report for that week. If a seller changes the terms of the offer to purchase, he has created a counteroffer. 1 of 10 What form can an agent use to show a seller what he or she will net on the sale of the property? What kind of closing technique is Harry using? C. Knocking on doors never requires special permits. Why or why not? 2- Explain the difference between the primary and secondary mortgage markets. 12- What are grant programs typically used for? C. Identifies buyers for other properties. \text { Annual rework cost } & 34,679 \\ D. Allows viewing access to strangers. To access the website, click "Allow". A. B. Which of the following is true, if you are licensed as a referral agent? D. Make sure all light bulbs and lamps are working and are bright. C. Print postage labels from your computer. 8- Under what conditions may a landlord enter a tenants property? D. The UCC is a body of law that standardizes a number of business practices. Study the other terms of the offer so that you can maximize the offers benefits and minimize the lower price. $5,600 every year, with no increase, C. $5,750 the first year, plus a maximum 2% increase in market value per year, D. $5,750, plus a maximum 1% increase in market value per year. Bob cannot do anything; it is out of his hands. California: Real Estate Practice Ch3 Quiz with no answers. buyer randy makes an offer to purchase. 45- Kirk wants to get an FHA loan. D. Exclusive-authorization-and-right-to-sell agreement. D. This action is deliberate misrepresentation. Which law extended discrimination to include handicap and familial status? A. D. Preparing flyers and promotional materials for the brokers approval. C. The same amount will go towards the principal every month. D. Greg has no fiduciary responsibilities to Kim once the listing expired. Buys conventional, FHA and VA loans. Buyers make an offer to purchase property and to place $1000.00 earnest money into their broker's trust account. C. Neither Sarah nor Ken can get employer-provided health insurance. What was Sam's appraisal cost for quality last year? Answer: C- Try to get Sam to accept the offer. There is nothing that can offset this problem. His property taxes would be assessed at: 6 of 10 When a person acquires new property, which is true? 71- When agent Jane meets with her sellers to offer suggestions, she most likely would not give them: 72- According to RESPA, a buyer or seller cannot legally be charged at closing for which of the following items? The interest rate will increase gradually over time. 38- When using the straight-line method of depreciation, each year of economic age is given a rate that, A. Varies each year according to a table provided by the IRS, B. B. C. Recommend a counteroffer back to list price. She is probably using all but which of the following tools? A. 7 of 10 Which of the following is not a national real estate trade organization? D. A shopping center might have to remodel their public restrooms. Licensee Pat was in transit to the cooperating licensee's office with the offer. C. A broker is not responsible for the acts of independent contractors. The escrow holder will use the purchase agreement as the basis for writing the escrow instructions. Covers more than one piece of property. Mary wants to make an offer on a house that is 25% lower than the asking price. 9 of 10 Which of these is not a helpful homeowner tip? Gives the names of lawyers who might require property assistance. Checking your browser. 43 of 50 Which one of these statements would not be considered a measurable goal? C. Emphasize that this home is a great buy and it would be a shame for them to dismiss it without looking first. 6 of 10 A broker induces an owner to sell by telling him that Hispanics are moving into the neighborhood. Which of these actions might have caused their upset? What economic factors affect the real estate market as well as other goods and services? \hline 8 of 12 Fannie Mae does all of the following activities except which? 10 of 50 There has been very little interest in the Bowers home this past week. A. Greg Burns is selling his interest in his home to his wife Melanie as part of their divorce settlement. 41- Agricultural land includes all of the following EXCEPT which? 6- What is important for the sellers to know about a counteroffer? Department of Housing and Urban Development, C. Recorders Office in the county where the land is located. C. Classified ads placed on the property, D. Number of hits on the company website. Tom thereupon submits a full-price offer to the owner and purchases the property. Present the offer and tell the seller that the check needs to be held until June 30. What would you say about Sallys behavior? 1 of 10 Which item is not covered by CLTA, ALTA or ALTA-R insurance policies? 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. 14- Value includes which of the following aspects? 50 of 50 Eric is acting as a disclosed dual agent in a transaction. 6- When is a lender required to terminate a borrowers private mortgage insurance? Share that information with the sellers. 7 of 10 Most buyers who see a newspaper ad that interests them: 8 of 10 Which of the following is not an advantage of home ownership? For what type of loan is the borrower applying? Courtesy of RealtyPact. 2 of 10 Which lender typically deals in interim financing? The borrower gives the lender a note and a mortgage in exchange for the funds. A. how to type spanish accents on chromebook keyboard; one way process of communication; 47 brand franchise fitted hats; ncaa softball coaches' salaries 2019; albert pujols home run record; Will placed an ad in the most recent Home Buyers Guide. 3 of 10 A listing presentation can be compared to: 4 of 10 All of the following are benefits of listing with an agent except which? If the terms offered by the Buyer are acceptable to the Seller, the Seller signs the Offer Form to begin the sale. 55- Greg is approved for a Cal-Vet loan. B. California: Real Estate Practice Ch4 Quiz with no answers, answers will be revealed with proper subscription. The lender must furnish a copy of the CFPB booklet to Abby no later than the third business day from which date? 5 of 10 Mike bought his home last year for $150,000. The sellers want the earnest money check made payable to them instead. 2 of 50 Residential property includes all of the following EXCEPT which? 3 of 10 When must a listing agent present the Disclosure Regarding Real Estate Agency Relationships to the seller? D. The lender assumes Tim and Sues income will rise over the first few years of the loan. 73- Which of these is not a buying signal? It must be in writing to be enforceable. When should the agent have disclosed this fact? A. 29 of 50 What is one way the Federal Reserve System regulates the money supply? C. Is subordinate to a first mortgage. The escrow holder will need information about the brokers commission. 6- What is the main reason sellers choose to sell their property without an agents help? He asks, Which one of the children gets the basement bedroom with the private entrance? What kind of closing technique is Tim using? 1- What is important to know about unlicensed real estate assistants? 1 of 10 What kind of lease contains a recapture clause? 1 of 10 Which of the following actions by an agent would most probably upset the sellers? 5 of 10 When all members have unlimited liability for debts and obligations of the group, the organization is a: 6 of 10 What is the foremost reason people invest in property? Tom violated the law by not providing notice of information that would affect Fred, When a broker received an unexpected bill, he deposited a client's earnest money check into his personal account to cover the expense. A. Is there a contract between the buyer and seller? A. Jake is getting a VA loan with no down payment. A. 2- What is important to remember about multiple offers? 7 of 10 If a broker receives a deposit check with a purchase contract, which of these is he not allowed to do? C. Real estate can respond quickly to changes in the market. AnnualinspectioncostsAnnualcostofscrapmaterialsAnnualreworkcostAnnualcostofqualitytrainingAnnualwarrantycostAnnualtestingcost$155,000286,00034,679456,0001,546,000543,000. 2. 4. 19- Which of the following is not an advantage of hosting an open house? Most likely, what did they get? B. Sexta, 26 de novembro de 2021 . C. Advertising in the telephone directory is cost effective because the directories can reach every home in the marketing area. 85- Which paragraph of the purchase agreement states that the balance of the purchase price will be deposited into escrow prior to closing? What should Tom do? When Bill pulls in front of the home, Linda decides immediately that she doesnt want to see the inside. Follow the below steps to write a solid purchase agreement: Step 1 - Buyer and Seller Details. 3- What is the major difference between an exclusive-authorization-and-right-to-sell listing and an exclusive-agency listing? D. Meet with the buyers lender to ensure theyre getting a good deal. Could be a violation of state licensing laws. He succeeds in setting up an appointment to meet with the caller. 3- What signals do buyers use to indicate they may be willing to make a purchase? 8- When does a purchase offer become a legal contract? C. Supervises the Federal Housing Authority. 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. C. Real Estate Settlement and Procedures Act. Mary wants to terminate the contract. C. Gather listing forms for her employer. 2 of 10 Which of these statements is true? 7 of 10 How might probate information help in prospecting? The offer with the highest price 2 of 10 Which of the following is not a fiduciary duty an agent owes to his or her principal? Deposit the check into his trust fund account on the next business day. What is the body of law that governs negotiable instruments? 6 of 10 Who typically presents an offer to the sellers? If the loan is for $68,000, what will Mark be assessed in points? 5 of 11 Which of these statements is true about a CalVet loan? Now you have the numbers to plug into the loss formula; Percent of Loss = Loss / Cost or $13,990 / $153,890 = 0.0909. 3- When handling a telephone inquiry, why should you limit the amount of information you give out about the property? The advertiser can be sentenced to up to a year in prison. B. 8- Why should agent Grace give her client a Combined Hazards Book?
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