9- What required disclosure is a result of Megans Law? A rental property has a return rate of 8%. D. All adjustable rate mortgages have negative amortization. B. Exclusive-authorization-and-right-to-sell agreement. 1- What is an important thing to remember about listing agreements? B. What is important to remember about capturing the readers attention? His property taxes would be assessed at: 6 of 10 When a person acquires new property, which is true? Buyer Norm just signed a purchase contract with licensee Pat. A buyer wants to take the offer to an attorney to review it. What approach can Greg use to discourage the person from calling other agents? 3- Differentiate between mortgage brokers and mortgage bankers. B. B. Better yet, try to avoid deal breakers. buyer randy makes an offer to purchase buyer randy makes an offer to purchase. C. Identifies buyers for other properties. Entails entering into two agreements simultaneously. C. Write and sign commission checks to salespersons. Department of Housing and Urban Development, C. Recorders Office in the county where the land is located. 3 of 10 Sara just bought her first new home. What would be a good approach for Pam to take? A. Youll know how much house they can afford. 102- What is the minimum period of time over which the owner of a commercial building can depreciate the improvements? How would you classify this essay (high or low comedy)? She should advise them to let the offer expire with no action so the buyers will get nervous. Ask the buyers to sign a real estate transfer disclosure statement. The offer that has the shortest closing date, Answer: B- The offer with the highest price that is the most likely to close. Access to over 100 million course-specific study resources, 24/7 help from Expert Tutors on 140+ subjects, Full access to over 1 million Textbook Solutions. Use as little white space as possible. What approach can their agent take to change the sellers perception of the offer? If Broker Tom procures a buyer for Jack, Tom will get the commission and Alice will not. 9 of 10 A person who believes he or she has been discriminated against has how long from the time of the alleged violation to file a suit in a state or federal court? 5 of 10 Which of the following is not a source of information for professional ethics codes? What kind of a mortgage do they have? 4 of 10 Which of these is not an important aspect of selling? "What would you like to offer?" They will owe a balloon payment at the end of the loan term. The bundle of rights does NOT include the right of, Billy has a two-acre lot that is zoned agricultural. 4 of 10 Which of the following would be the least desirable phone handling technique? 8- Why is it important to have a written prospecting plan? Private mortgage insurance is available for FHA loans. C. Give the tenant a 3-day notice to pay or quit. What kinds of things should he be looking for? C. The date the lender receives her application. B. Which statement is true? 103- Kirk and Sandy obtained a wraparound mortgage. He must withdraw his representation of one of the parties. 3 of 10 Which of the following forms is non-standard and should be prepared by a broker to give to sellers? 9 of 10 All of these might be a buying signal except which? Rob, a salesperson, tells a buyer that the location of the electric meter on a house is up to the buyer. 16 juin 2022 why do babies clap their feet. Tommy Gee encounters an owner of a property who has no equity in the home because of a sharp decline in market values. rickey smiley and grandson videos C. Johns office has a selection of books, CDs and tapes for agent use. 2- When looking at homes currently for sale, what is important for a prospective seller to know about asking price? B. 7- In the initial meetings with the prospects, the agent should do all of the following except which? 5. C. A counteroffer can give the buyers an out if they want one. 1- When is real property reassessed? 1- What are the five aspects that are involved in any selling approach? She can do all of the following except which? Which of the following activities would she not be authorized to perform? 11- What are the penalties for violating Regulation Z? Share that information with the sellers. Sam plans to overnight the acceptance on Monday. D. I will distribute 200 business cards every month for the next six months. Only after receiving the tenants consent. 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. buyer randy makes an offer to purchase. A. A. C. If Larry verbally accepted the offer, Kirk is bound by it. California: Real Estate Practice Ch5 Quiz with no answers. 5- What does the safety clause in the listing agreement do? Other than residential list three kinds of property in the real estate market. In order to supplement their fixed income, the Sandlers receive monthly checks from their bank. 76- Mark believes he has been discriminated against during his home search. During this interim period, grant makes monthly rent payments and the owner accepts them. buyer randy makes an offer to purchasewhy do my fingertips smell like garlic PB Nitom Blog . Next, determine the amount to apply toward the loan origination fee and discount points; $185,000 - $2,000 - $14,500 = $168,500. Authors Channel Summit. 7 of 10 Which of the following is not a national real estate trade organization? What should Tim do next? During business hours and only after giving the tenant 24 hours notice. 39- When doing a competitive market analysis, an agent looks at all but which of the following factors? Be a deal maker. 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. B. What kind of mortgage might they get? A. 5 of 10 What would be the least effective way to get to know your buyers needs? D. The monthly payments increase overtime. A Bill of Sale gives title to the business equipment. There are several steps in calculating the answer to this question. Give the sellers a copy of some homeowners tips. C. Eric may not represent the sellers interests to the detriment of the buyer. 27- Mr. and Mrs. Haley are purchasing beachfront property in an upscale development. D. Brenda has not violated any fiduciary duty. A. 7- If an item is paid for in advance by the seller, how will it be handled on the settlement statement? B. California: Real Estate Practice Chapter 13 Quiz with no answers. B. 5 of 10 Alice has decided that she will specialize in selling farm land. Housing and Community Development Act. B. Enumerate the homes special features and hope they change their minds. 2. 1 of 12 California law requires that a licensee acting as a loan broker keep the Mortgage Loan Disclosure Statement on file for how long? He succeeds in setting up an appointment to meet with the caller. 26 of 50 Veteran Bill has applied and been approved for a non-VA-guaranteed CalVet loan. The lender gives a mortgage to the borrower and gets funds in exchange. Point out that the roof is not leaking despite its age. A. Kirk doesnt have the right to withdraw the offer so soon. C. Refuse to accept the offer and check. 3 of 10 When must a listing agent present the Disclosure Regarding Real Estate Agency Relationships to the seller? California: Real Estate Practice Chapter 15 Quiz with no answers. 7- Ben and Blanche receive a $200,000 offer on their home, which is listed at $208,000. B. D. The first and second mortgage will be rolled into one. The monthly net rental is $600. If the loan value is 80%, and the property was appraised at $86,500 and sold for $88,000, how much would the purchaser be permitted to borrow? A. 33- Which statement is true about a loan that has a negative amortization? Answer: C- Try to get Sam to accept the offer. 4 of 10 Once an offer has been accepted, the agent should do all of the following except which? Norm gave Pat a $500 earnest money check. A. 3 of 10 Which of the following would be an example of a licensee specializing in business type? What economic factors affect the real estate market as well as other goods and services? C. I will get three new listings this month. 4- Whats a bonus closing and whats important to keep in mind about this technique? D. The borrower gets a note in exchange for a mortgage. D. Magazine ads are significantly more expensive than newspaper ads. D. This action is deliberate misrepresentation. D. Ensure fair real estate negotiations. D. Give the sellers the price over the phone so that they can think about it before you meet with them. Her property taxes would be assessed at: 79- Tom and Mary want to purchase their first home. 98- Grant moves into his new office space while he awaits the completion of the negotiations of the lease terms. 8 of 10 Proof of ownership of a property is called: 9 of 10 Who is responsible for ordering the preliminary title report? A. C. Be sure all requested inspections have been ordered. What should Bill do? 8 of 10 When is the first installment of property taxes due? D. Write advertisements and promotional materials with the approval of the licensee and supervising broker. 30 of 50 After six months time, manager Tim wants to terminate the lease of one of his month-to-month tenants. 11- What is a public report and when must it be provided? 45- Kirk wants to get an FHA loan. 4 of 10 Which of the following is NOT a condition of the safe harbor test? The owner has 30 days to notify the county assessor. I think theyre asking a fair price., C. What do you think would be a fair price?, D. The comps say that this price is right on target.. If a person feels like he or she has been discriminated against, how long does that person have to file a complaint? A broker may advertise that he or she is an escrow agent. 5- Your listing presentation manual should be made up of two sections that address what issues? They called Wills office and told the secretary they are upset and need to speak with Will. 33- Which statement is true about a loan that has a negative amortization? 8 of 10 Which kind of listing gives one broker the right to sell, but allows the owner to sell the property and not owe a commission to the broker? What should a licensees written employment agreement contain? Give an example of a specific short-term goal. 6- What is the main reason sellers choose to sell their property without an agents help? The sellers want the earnest money check made payable to them instead. D. Hold it with the buyers permission until the contract is accepted. C. An offer or counteroffer can be withdrawn at any time before it has been accepted. 7 of 10 If a broker receives a deposit check with a purchase contract, which of these is he not allowed to do? Jim has decided to specialize in what area of real estate? What is this called? 70- Which of these items would be a credit to the buyer on the settlement statement? Loan terms are from 15 to 25 years. 7- What happens if the parties do not initial the section of dispute resolution that deals with binding arbitration?

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