buyer randy makes an offer to purchase buyer randy makes an offer to purchase

Possession date. What should a licensees written employment agreement contain? 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. 6- List four sections of an Internet website that might be of particular appeal to prospective buyers. Use as little white space as possible. Hes very comfortable selling that type of property and knows he can work well with clients in that area. A. Pellentesque dapibus efficitur laoreet. 8 of 10 Which California Fair Housing law provides protection from discrimination by business establishments? 6- What does the security and insurance clause of the listing agreement address? D. A lender can continue to collect PMI payments until the homeowners equity reaches 25%. How would you classify this essay (high or low comedy)? D. Will conducted an agent open house last week that was attended by 25 agents. 8- When does a purchase offer become a legal contract? Code Violations and Tax Delinquencies. 90- Marsha has been keeping track of the effectiveness of her advertising campaigns. The sales agent should: Write a counteroffer stipulating the sellers' request. The sales agent should: Write a counteroffer stipulating the sellers' request At time of license renewal, what is the renewal charge for a salespersons license? B. Mary makes an offer to purchase a duplex from Sam. 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. Point out that the roof is not leaking despite its age. Try to get Sam to accept the offer. lumberton man killed; guggenheim annuity rates. Annualinspectioncosts$155,000Annualcostofscrapmaterials286,000Annualreworkcost34,679Annualcostofqualitytraining456,000Annualwarrantycost1,546,000Annualtestingcost543,000\begin{array}{lr} What should Tom do? 4- What are the major areas of newspaper leads? Who makes the payments to a claimant from the Guaranty Fund? The listing price of a house is $139,900. 4. Information on current loan programs. B. Ken must obtain his own training. 10 of 10 Agent Jim tells his buyers that the seller will leave the riding lawn mower if the buyers make an offer now. He sold the building for $1,000,000 and paid $60,000 in commission to the broker. C. The seller did not disclose the problem on a sellers disclosure form so Pam is off the hook. They will have a number of new expenses as a result of this purchase. 7- Name three benefits of listing a home with an agent that you could share with sellers. A broker may advertise that he or she is an escrow agent. C. Greg has violated the duty of confidentiality to Kim. buyer randy makes an offer to purchase. 7- Ben and Blanche receive a $200,000 offer on their home, which is listed at $208,000. 5 of 10 Mike bought his home last year for $150,000. C. Sharing all visitor comments two weeks before the listing ends. C. Prepare additional documentation to take to the presentation. What would be determined by a location survey? California: Real Estate Practice Chapter 13 Quiz with no answers. B. Properties are very liquid and can move quickly. D. Gross income must be based on hours worked. It is completed by an interested Buyer then presented to the Seller, stating the basic terms under which the Buyer is willing to purchase the property. A. D. Administers special assistance programs. Display lots of family photos to impress potential buyers. 14- Value includes which of the following aspects? D. An exclusive listing must always be at least 30 days long. B. Does not need to be familiar with office policy. C. Tell them that this home is an exceptional buy and encourage them to look anyway. What should Pat do with the earnest money deposit? B. What percent of commission the licensees can charge. 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? 2 of 10 When presenting information about the buyers to the sellers, which piece of information might not be useful in helping the sellers make a decision? 2- When looking at homes currently for sale, what is important for a prospective seller to know about asking price? 10- Which disclosures are NOT required to be made when selling residential property? A duplex owner might need to remodel the kitchen in the rental unit to accommodate persons with disabilities. They were counting on a full-price offer and are very disappointed. 4- Why is coordinating escrow so important and how can an assistant help? Present the higher-priced offer first. D. Offer something valuable to the reader. C. The same amount will go towards the principal every month. "Let's make a low ball offer?" B. 4 of 10 All of these are true of prospecting except: A. mejores programas bases de datos. 7. 2- What types of office administration tasks are important for a licensed assistant to perform? What kind of lease does Jim have? They agree on a price and both parties execute the contract. Anasayfa; Hakkmzda. 8 of 10 Proof of ownership of a property is called: 9 of 10 Who is responsible for ordering the preliminary title report? C. The buyers and sellers agents will sign the escrow instructions. The price elasticity of demand for 23 of 50 Which of the following statements best describes what happens in a mortgage loan transaction? 77- Which of the following Internet pages might not be of particular interest to buyers? Which of the following is true, if you are licensed as a referral agent? Next, determine the amount to apply toward the loan origination fee and discount points; $185,000 - $2,000 - $14,500 = $168,500. First mortgage on a single-family home, C. Primary mortgage on an office building, D. Settlement charges on a shopping center. Go back to the buyer's agent and try to get the offer higher. New Age purchased a new coffee maker the office was in need of. Covers more than one piece of property. A. Whoever brings the buyer will get the commission. 2- When establishing rapport, whats one of the best ways to get to know your buyers? There is nothing that can offset this problem. Answer: A- No, Bob Should have submitted the offer. Once the Offer is signed by the Buyer and the Seller, and the contained contingencies are met, it then becomes a legally binding agreement. Regulates reserve requirements for all institutions that offer checking accounts. Prices of properties currently on the market, C. Properties that were listed but did not sell. What is the status of the contract between Sam and Mary? D. Send the weekly report as usual, emphasizing what your upcoming plans are for the week. Which area of specialization would she fall into? Example ______ 1. east of the mississippiriver\underline{\text{mississippi river}}mississippiriver. C. Be sure all requested inspections have been ordered. 6- Whats important to know about the Liquidated Damages paragraph? 8- What does the Water Heater Statement of Compliance address? PRACTICE QUESTIONS), >CALIFORNIA REAL ESTATE PRACTICE PRELICENSE CLASS, >CALIFORNIA LEGAL ASPECTS OF REAL ESTATE PRELICENSE CLASS, >ALL Questions with Answers for ALL 3 PreLicense Classes Guides on 1 page, >ALL Real Estate Practice Class Questions with Answers & most with Explanations. 10 of 10 Which of the following is not a possible benefit of investing in real property? 69- According to ECOA, lenders cannot discriminate against potential borrowers on the basis of all but which of the following? The advertiser is subject to a fine. Call Us Today! 4- What are the major areas of newspaper leads? 7 of 10 Which kind of advertising aims at increasing sales by informing the public of a companys capabilities? Find things in the home a seller needs to repair. \text { Annual rework cost } & 34,679 \\ What do many firms do to avoid confusion with their advertising plan? Other than residential list three kinds of property in the real estate market. an opinion of value for the day of the appraisal only. Real Estate Transfer Disclosure Statement, C. Natural Hazard Disclosure Statement. B. C. The owner has 45 days to pay the new property taxes. 2. What do you need to remember about making phone calls to potential clients? How long does he have to file a complaint with the Department of Housing and Urban Development? 1 of 50 Which of the following newspaper information is not helpful in developing a Prospecting Plan? 1- What are the five aspects that are involved in any selling approach? B. Its easier to prioritize your tasks if your goals are in writing. 82- What is the minimum period of time over which the owner of an apartment building can depreciate the improvements? 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. Regulating reserves of institutions with savings accounts only. 1 of 10 What kind of lease contains a recapture clause? A. D. Whether or not the licensees attend staff meetings. 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? Jim and Jane financed the remaining $25,000 through the seller. 50- Harry has some buyers that he believes are ready to make an offer. Senior housing for residents 62 or older, B. 4 of 10 Once an offer has been accepted, the agent should do all of the following except which? B. B. Is critical to your success in real estate. C. The lender gives the borrower a mortgage and funds. 2- Explain the difference between the primary and secondary mortgage markets. 9 of 10 Which of these words or phrases might be considered discriminatory when used in advertising? Establish a homes fair market value. Availability of multiple listing service, C. Broker-paid advertising and promotion, D. Assistance with filling out disclosures. The buyer must pay the broker a commission. A. Give a discount to families with children. 63- Jennys home appraised for $550,000. D. Supply cannot be moved to a high demand area. A. Youll know how much house they can afford. Skip the activity report for that week. 8- What is an important issue for potential buyer clients to understand? 7 of 10 Which document shows the assets and liabilities of a business? C. Explain your marketing plan to the sellers. Bill is purchasing a 6-family apartment building. Randy gives Tom an earnest money check f Randy gives Tom an earnest money check f Q: according to the law governing mortgage loan brokers what is the maximum commission Broker Dan can charge for securing a A. Eric can require that both the buyer and seller share equally in his commission. Which of these statements is true about the wraparound mortgage? Preparation of an appraisal of the property, D. Help with required forms and disclosures. Bill cannot contact the seller. Which one is illegal in many states? What should Bob advise Sam? fairbanks ice dogs standings . California: Real Estate Practice Ch12 Quiz with no answers. 37 of 50 Which of the following economic characteristics is true? 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. Answer: D- Return the money to buyer Norm. B. The term of the loan can be shortened. 47- Which of the following duties is not a permitted activity for an unlicensed personal assistant? A. C. The builder paid a lump sum amount at closing to reduce the interest rate for a few years. 3 of 10 Homeowners can deduct all but which of the following from their income taxes? D. Make sure all light bulbs and lamps are working and are bright. Mary makes an offer to purchase a duplex from Sam. Randy and his real estate agent, Bob, enter into a listing agreement whereby Bob may list Randy's property but Randy may also try to find a buyer Bob finds Clarice, a buyer who has enough cash to purchase the property and would like to purchase the property today. 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. 2 of 10 Which of these is not an AIDA characteristic? B. 3 of 10 Which of these lenders would be most likely to finance a large shopping mall? 3- When making your presentation, what topics should you cover? 43 of 50 Which one of these statements would not be considered a measurable goal? At the end of the term, the loan balance will be negative.