Radio advertising is not as effective as other methods because listeners can be distracted by their activities and not hear the ads. 61- Bill and Sue secured a mortgage loan that is tied to an index which fluctuates over the life of the loan. 4 of 10 Which of the following is NOT a condition of the safe harbor test? What approach can Greg use to discourage the person from calling other agents? 2- When establishing rapport, whats one of the best ways to get to know your buyers? Once you've found an item you want to buy that accepts Best Offers, here's how to make your offer: Choose Make Offer. 2. Tip: to find a certain word or key term, press at the same time, the buttons: California: Real Estate Practice Ch1 Quiz with no answers, Answers will be revealed with proper subscription. 3- What is a good approach to use when contacting the owner of an expired listing? D. Allows a broker to have as a commission anything above the minimum the seller sets. Has New Age violated any laws? 3- An agents fiduciary responsibilities to a client usually end when the transaction closes. D. Once the offer or counteroffer is accepted and the offeror has been notified, a legal contract is formed. 11- What is a public report and when must it be provided? 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. What kind of lease does Jim have? chris kelly rock 92 net worth. 12 of 50 The manager of a large hotel refuses to rent a room to a blind person with a guide dog. 100 10- What is the right to rescind and what is not covered by this rule? 5. 5 of 10 What would be the least effective way to get to know your buyers needs? Pellentesque dapibus efficitur laoreet. He sold the home for $750,000 and paid $50,000 in selling expenses, including the brokers commission. 6- What is the main reason sellers choose to sell their property without an agents help? C. The broker must conduct the escrow personally and not delegate any escrow activities. Amanda loves the home and wants to make an offer. What is the status of the contract between Sam and Mary? 7 of 10 If a broker receives a deposit check with a purchase contract, which of these is he not allowed to do? Give the sellers a copy of some homeowners tips. 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. 83- Matt is computing the adjusted cost basis of his apartment building for income tax purposes. C. Pam should recommend that they counteroffer with a price halfway between asking and offering price. Facebook Instagram. He paid $100,000 for it, and made $300,000 worth of improvements. 11- Greg and Joyce purchased a home from the builder who offered to pay $5,000 at closing as an incentive to get them to buy. 2- When looking at homes currently for sale, what is important for a prospective seller to know about asking price? Bob Broker knows that another offer will be coming in at about the same time. Sam asks Bob what the price is. Several weeks later when showing another home to a buyer, Greg mentions that Kim would have accepted less for her home. Seeking buyers for your listings B. Before the sale can get finalized, the owner would require you to first meet certain conditions. C. Giving buyers your opinion of what works best for them. Virtual tours are a very expensive marketing tool to use. What should Bob advise Sam? 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? A. 8 of 10 What does the paragraph on repairs state? Present the offer and tell the seller that the check needs to be held until June 30. Brenda refuses. Auteur/autrice de la publication : Post published: 16 juin 2022 Post category: aerogarden pump settings for herbs aerogarden pump settings for herbs B. Retain the check for use with a future sales contract offer. How to Write a Purchase Agreement? 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. 7 of 10 When the broker and seller agree that the broker can receive commission for a specified number of days after the listing expires if selling to a named party on a list, its referred to by what term? B. Enumerate the homes special features and hope they change their minds. mejores programas bases de datos. 58- Mortgage lenders are prohibited from discriminating in giving credit to prospective borrowers based on race, color, religion, national origin, sex, marital status, age or dependency on public assistance under which law or regulation? 10. buyer randy makes an offer to purchase 5- What actions can the sellers take regarding the purchase offer? Tell the sellers exactly how she feels and why she thinks the offer is not a good one. C. Insurance agents dealing with customers. 6- What items can an owner of an income-producing property deduct that an owner of a personal residence cannot? C. Give the tenant a 3-day notice to pay or quit. Mortgage brokers do not lend money. B. Buyers looking at FSBO homes are usually looking for a bargain. C. Sharing all visitor comments two weeks before the listing ends. What property type will be his specialty? 6 of 10 Which of these is not a tool to help evaluate advertising effectiveness? Present the higher-priced offer first. What kind of listing agreement does Alice have with Jack? To purchase conventional, FHA and VA loans, D. To insure conventional, FHA and VA loans. Who would be exempt under New Jersey fair housing law? B. A. 37 of 50 Which of the following economic characteristics is true? C. Exclusive-authorization-and-right-to-sell. 10 of 50 There has been very little interest in the Bowers home this past week. What is Gregs capital gain on the apartment? 1- What are the five aspects that are involved in any selling approach? A. A. Greg is violating the duties he owes to his new buyer. 7- Agent Jim needs to do a visual inspection of his listing. 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. D. Ensure fair real estate negotiations. Next, determine the amount to apply toward the loan origination fee and discount points; $185,000 - $2,000 - $14,500 = $168,500. 104- Lorna and Hal have obtained a growing equity mortgage for their new home. 1- What is an important thing to remember about listing agreements? Answer: B- Licensee Fred should take the offer to the seller and determine if the escrow deposit is acceptable. The lender makes payments to the borrower. D. Purchasing loans from primary lenders. 1 of 10 Broker Alice has hired several independent contractors in her firm. C. If Bill pays off the loan early, there will be no prepayment penalty. Broker Alice holds an uncashed check until the offer is accepted. C. An offer or counteroffer can be withdrawn at any time before it has been accepted. B. I will practice my listing presentations. A. 51- Which statement is true about a homeowners exemption? 49 of 50 Greg and Wanda Sandler purchased their home 35 years ago and it was paid off at the end of thirty years. A. You can use a reverse telephone directory to get the names of residents. Over 300 California Real Estate Practice Exam questions to pass Tests! Checking your browser. D. Property evaluations from other agents have valuable information for sellers. 1 of 10 Which item is not covered by CLTA, ALTA or ALTA-R insurance policies? It was terminated when Mary delivered the recission to Sam. 3- A property manager can refuse to rent to applicant Mike for any of the following reasons except which? D. Hold it with the buyers permission until the contract is accepted. 42- Alice is planning her career and setting her goals. Which of the following would be the least likely place for them to obtain a loan? The lender in case of the borrowers death, C. The lender against delinquent payments, D. The lender in case of the borrowers default. A. Alex Jones owns a duplex and lives in one unit. Answer: A- Proceed as if the buyer has decided to make an offer. 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? C. The borrower pays a fixed rate of interest. 2 of 10 Which of these statements is true? 85- Which paragraph of the purchase agreement states that the balance of the purchase price will be deposited into escrow prior to closing? 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. 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. C. Discover why some homes havent sold. 33- Which statement is true about a loan that has a negative amortization? B. He must withdraw his representation of one of the parties. A basis of $145,000 and a taxable gain of $3,000, C. A basis of $130,000 and a table gain of $18,000. When you meet with your sellers after you obtain the listing, what is one of the first things you should share with them to get them involved in the process? Broker compensation to other brokers. A. Attend weekly staff meetings at the office. 8- Which section of the purchase agreement does not apply directly to the buyers and sellers? castilian drive, los angeles. 11. 10 of 10 When a tenant agrees to pay all taxes, insurance, maintenance and repairs, that tenant has what kind of lease? 8 of 10 A lease that has no time limit is an: 9 of 10 Which of the following represents an intangible business asset? However, he is objecting because the roof is 12 years old. 3 of 10 Which of these lenders would be most likely to finance a large shopping mall? buyer randy makes an offer to purchase 3- What signals do buyers use to indicate they may be willing to make a purchase? An apartment building for a vacant lot, B. Prior to bringing an offer to purchase. Course Hero is not sponsored or endorsed by any college or university. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. B. Lorem ipsum dolor sit amet, consecteticitur laoreet. Course Hero is not sponsored or endorsed by any college or university. 50 of 50 Eric is acting as a disclosed dual agent in a transaction. 8 of 10 An association of two or more people who combine financial resources to achieve investment objectives is: 9 of 10 Which statement is not true about a Real Estate Investment Trust? 8 of 10 Which of the following circumstances would concern you about working for Broker John? Return the earnest money to buyer Norm. C. Is subordinate to a first mortgage. B. 4. Mary wants to terminate the contract. An agent should print off a copy of the listing on the companys Internet site to send to the sellers. A. Salesperson Harry can solicit his own listings. B. Pleases the sellers by inv=creasing activity. What should Bob do? Mary makes an offer to purchase a duplex from Sam. He sold the building for $1,000,000 and paid $60,000 in commission to the broker. Who is responsible for removing the lien to clear the title? He sounds really excited about this property. Two weeks before the close of seller Jan's property, buyer Sam makes an offer. 2- What kind of problem can result from a straight loan? buyer randy makes an offer to purchase - pet-anneve.com California: Real Estate Practice Chapter 14 Quiz with no answers. If checked, the seller can complete repairs after closing. C. Moving closer to the agent to get a better look. C. The seller can do all repairs himself. For income tax purposes, the IRS would probably classify Patrick as: 32- Broker Alice has a listing agreement with Jack. kennesaw state football depth chart; 2022617 buyer randy makes an offer to purchase Give $250 to the buyer and $250 to the seller. C. I will open my own office within nine years. 8 of 10 Which disclosure is required by the Real Estate Settlement Procedures Act? 8 of 50 Buyer Kirk submits an offer to seller Larry.

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