D. Avoid negative comments while hes inside the home. California: Real Estate Practice Chapter 18 Quiz with no answers. 6- What items can an owner of an income-producing property deduct that an owner of a personal residence cannot? D. This action is deliberate misrepresentation. 32 of 50 Alice is an employee of Mid-State Realty Services. ", Answer: A- "What would you like to offer? 6- List four sections of an Internet website that might be of particular appeal to prospective buyers. B. 99- All exclusive listing agreements must have, C. A list of personal property included in the sale. 9- What is the basic purpose of Truth in Lending Regulation Z? 80 feet of frontage x 160 feet of depth = 12,800 square feet allowed by local ordinance. D. The monthly payments increase overtime. What percent of loss did you have? Sexta, 26 de novembro de 2021 . 76- Mark believes he has been discriminated against during his home search. Mortgage brokers do not lend money. 7 of 10 Which of these is not a good thing to do when writing a counteroffer? B. B. A. John offers weekly training seminars. 3- What signals do buyers use to indicate they may be willing to make a purchase? How does ALTA-R differ from ALTA? She can do all of the following except which? What approach can Greg use to discourage the person from calling other agents? She sold the property and several months later the buyer sued Pam for not disclosing the problem. What are members of NAR required to do? \text { Annual warranty cost } & 1,546,000 \\ 5 of 10 Which of the following is not a source of information for professional ethics codes? The escrow holder will use the purchase agreement as the basis for writing the escrow instructions. Use the yes-but technique to handle the objection. 4 of 10 Examining the economic soundness of a property means looking at all of the following except which? 19- Which of the following is not an advantage of hosting an open house? A. 5 of 10 Which of these statements is not true about qualifying buyers? 2 of 10 Which of these is not an AIDA characteristic? 10- Which of the following prospecting techniques do you have to use carefully because it has tended to upset people in recent years? The Reality of Purchase Offers . C. The owner has 45 days to pay the new property taxes. 59- Which of the following is a sellers request that an agent cannot honor? 75- All but which of the following is NOT an AIDA feature? The home is listed at $210,000. 4 of 10 A totally disabled veteran could be eligible for a property tax exemption of up to what amount? Which of these actions might have caused their upset? PRACTICE QUESTIONS), (correct answers will be revealed with correct subscription). Sam plans to overnight the acceptance on Monday. This form is the first step in any real estate deal. B. Fill out a separate, numbered counteroffer form. $90,000 8- Why should agent Grace give her client a Combined Hazards Book? A. D. All adjustable rate mortgages have negative amortization. 56- Which is not a true statement about the Agency Disclosure? C. Make up some statistics to share with the Bowers. A buyer wants to take the offer to an attorney to review it. A. California: Real Estate Practice Ch12 Quiz with no answers. 8 of 10 Which disclosure is required by the Real Estate Settlement Procedures Act? 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. The homebuyer, on the other hand, is hoping the transaction will close because the home is in A-1 condition and perfect. 6- What is the main reason sellers choose to sell their property without an agents help? D. Buyer indemnity and seller protection. C. Real Estate Settlement and Procedures Act. fairbanks ice dogs standings . Offers To Purchase Real Estate 43 Offer To Purchase Real Estate Templates (& Letters) As a potential buyer for a house, you would make an offer on paper to the owner of your intentions. Billy's agent tells him that he needs, When using the cost approach to appraise a property, the appraiser is most likely working for the, insurance company trying to obtain a replacement cost on the property. C. Greg has violated the duty of confidentiality to Kim. Skip the activity report for that week. 88- Sally and Dan must pay 2 points on their new $65,000 loan. 14- Value includes which of the following aspects? CSP-Conlutas Central Sindical e Popular . It helps to identify buyer and seller needs. What kind of loan do they have? A secondary bid for a property that is less than the first offer 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. dota 2 annual revenue 2020. adam foote parents. During this interim period, grant makes monthly rent payments and the owner accepts them. Answer a question with a question when possible. Give the sellers a copy of some homeowners tips. Ask questions of the prospects children. 4- What do Fannie Mae and Ginnie Mae do that Freddie Mac does not? Auteur/autrice de la publication : Post published: 16 juin 2022 Post category: aerogarden pump settings for herbs aerogarden pump settings for herbs A. 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? Five current listings three recently sold and two expired, C. A minimum of three properties in the recently sold category. What should Bill do? A. 45 of 50 What is the Federal Housing Administrations primary role in the mortgage market? Hes very comfortable selling that type of property and knows he can work well with clients in that area. Explain. Donec aliquet. 4- What is the agreement that a broker can enter into with a buyer? Code Violations and Tax Delinquencies. 3 of 11 Which loan covers the period of time between the end of one mortgage and the beginning of another? Here are the steps to follow to make an offer to purchase: Step 1. C. The buyers and sellers agents will sign the escrow instructions. D. Arrange to meet the prospect at your office. "No, you may lose the house." Which of the following items can Matt not add to the original cost when doing the computation? is 0.4. C. The same amount will go towards the principal every month. B. California: Real Estate Practice Ch7 Quiz with no answers. He succeeds in setting up an appointment to meet with the caller. Which statement is true ? 1 of 10 All of these questions could help you determine a prospects capacity to make a purchase except which one? 8 of 10 Which of these is a free form of advertising? 5 of 10 Alice has decided that she will specialize in selling farm land. A. 1. Checking your browser. D. The property is in a state fire responsibility area. 6- What is the Real Estate Transfer Disclosure Statement and who is responsible for providing it? Nam risus an, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject, Explore documents and answered questions from similar courses. B. 7- How can a builder help you generate leads? Underline each word that should be capitalized in the following items. C. A counteroffer can give the buyers an out if they want one. 8- What is an important issue for potential buyer clients to understand? The Residential Environmental Hazards Guide, B. They were counting on a full-price offer and are very disappointed. What does the net operating income of a property represent? 8 of 10 When is the first installment of property taxes due? C. I will get three new listings this month. 5 of 10 You should try to attach a rider strip to your For Sale sign that has: 6 of 10 If there is no interest in the property on a given week, the agent should: A. 8- What is an important issue for potential buyer clients to understand? 5 of 10 How many properties should be included for comparison in a competitive market analysis? A. Sending cards and newsletters is a good way to keep in contact with clients and prospects. 103- Kirk and Sandy obtained a wraparound mortgage. Is equal for each year over the life of the property, C. Is high during the first five years of the ownership period, then reduces gradually over the life of the property, D. Varies according to the expired life of the improvements made to the property. First, determine what you originally paid for the house: $139,900 x 1.10 (100% + 10% = 110% or 1.10) = $153,890. A. Jim specializes in clients who want to buy restaurants. They have $20,000 for a down payment and assumed the sellers mortgage of $75,000. 5 of 10 The principles of an agency relationship include all of these factors except which one? If the loan is for $68,000, what will Mark be assessed in points? 3- A property manager can refuse to rent to applicant Mike for any of the following reasons except which? Bob Broker knows that another offer will be coming in at about the same time. B. A. A. Lead-based paint was used in the home. One day later. Mary wants to terminate the contract. 7 of 10 Which disclosure form gives detailed information about the propertys condition? 4 of 10 RESPA gives the buyer the right to review the completed closing disclosure how long before closing? The home comes equipped with all furnishings. C. Emphasize that this home is a great buy and it would be a shame for them to dismiss it without looking first. Answer: D- They are effectively terminating the original offer. This would be the maximum the purchaser would be permitted to borrow. B. Ken must obtain his own training. A. Hes no longer interested in seeing the inside and Marge agrees. 3 of 10 Sara just bought her first new home. 53- Greg sold an apartment building he owned for 20 years. Fusce, Explore over 16 million step-by-step answers from our library, acinia pulvinar tortor nec facilisis. A counteroffer by a seller to a buyer turns the seller from offeree to offeror. 4- What is the agreement that a broker can enter into with a buyer? What approach can Greg use to discourage the person from calling other agents? What disclosure does the salesperson owe to the buyer and seller? Facebook Instagram. Possession date. A. C. The builder paid a lump sum amount at closing to reduce the interest rate for a few years. D. Must start out as a part-time employee. Set up a face-to-face meeting with the sellers as soon as possible. What should Pat do with the earnest money deposit? 6 of 50 Broker Tami has a very low advertising budget. C. I will open my own office within nine years. 5 of 10 What would be the least effective way to get to know your buyers needs? 4- Why is it important to talk to the sellers about the buyers? His depreciation was $2,500 per year. The definition of race was expanded to include ancestry. 1 of 10 The Lead-Based Paint Disclosure is required for homes built: 2 of 10 Which of these documents is for sellers only and not for buyers? 8 of 10 Which statement is true about a real estate assistant? buyer randy makes an offer to purchasei miss you text art copy and paste. 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. 3 of 10 How long must trust account records be kept? 4- Agent Greg receives a call about one of his firms ads. B. 3. The listing agent must provide the disclosure to the seller prior to securing the listing agreement. Goodwill is an intangible asset that results from the reputation of the business. 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.