9 of 10 Which of the following items would not usually be included in a presentation manual for buyers? B. 1. 1 of 10 Which of these statements is not true? California: Real Estate Practice Chapter 14 Quiz with no answers. B. 10 of 10 Which of the following statements is not true about a net listing? of a train ride will leave the quantity demanded of train rides unchanged. 7 of 10 Which statement is not true about opening escrows? Go back to the buyer's agent and try to get the offer higher. 2- Who needs title insurance and why? 3 of 10 What kind of ad usually combines both institutional and product advertising? The purchase price, plus depreciation Answer: D- They are effectively terminating the original offer. 12 of 50 The manager of a large hotel refuses to rent a room to a blind person with a guide dog. A. Greg is violating the duties he owes to his new buyer. 6 of 10 In the listing agreement, a seller can choose to decline/disapprove all but which of the following items? Which term is the process of joining several parcels of land into one larger parcel? This best describes. What kind of loan do they have? fairbanks ice dogs standings . 11- Broker Jill has an agreement with seller Alice that says Jill will receive compensation if anyone except Alice sells Alices home, what kind of agreement is this? C. The borrower pays a fixed rate of interest. 76- Mark believes he has been discriminated against during his home search. 92- Which of the following situations is not exempt from the seller disclosure requirement? Then present the $208,000 offer. \text { Annual testing cost } & 543,000 \\ 57- Under federal income tax law, the basis for a personal residence is which of the following: 4- What items are not covered by any title insurance policy? 4- What is the agreement that a broker can enter into with a buyer? 7 of 10 Which kind of advertising aims at increasing sales by informing the public of a companys capabilities? 8 of 10 Which of these is a free form of advertising? 5 of 10 RESPA applies to all of the following EXCEPT which? C. The court has ordered the transfer of Sally Greens home to her friend Penny Jacobs as part of the settlement of Sallys estate. B. 1 of 10 Gail is a licensed real estate assistant. D. Offer to call the prospect when new listings that meet his or her criteria come on the market. If a seller changes the terms of the offer to purchase, he has created a counteroffer. "What would you like to offer?" A. I will make two new contacts every day this week. D. The buyers love the landscaping improvements the sellers have made. 2 of 10 Which is not a true statement about the Americans with Disabilities Act? Bob cannot do anything; it is out of his hands. They will have to make a very high down payment. C. Greg has violated the duty of confidentiality to Kim. 10- Whats the difference between a lease purchase and a lease option? The price elasticity of demand for 40- Which of the following phrases should Salesperson Brenda avoid when writing an advertisement for one of her listings? 2- What kind of problem can result from a straight loan? A. What should Tom do? B. 2- What are some tax benefits associated with investing? D. Property evaluations from other agents have valuable information for sellers. 07 Jun. Attend weekly staff meetings at the office. The purchase price, plus depreciation, B. 20 of 50 Seller Patsy wants to net $150,000 from the sale of her home. What should Bob advise Sam? 28- Abby applies for a federally-related loan to purchase a home. She thinks they are really interested in one particular property, but when she approaches them about it, the buyer says, The price is too high. What would be a good response to that comment? If you like, you can add a message to the seller. 6- Which type of leasehold estate is commonly referred to as a periodic tenancy? C. Identifies buyers for other properties. \hline \text { Annual inspection costs } & \$ 155,000 \\ California: Real Estate Practice Chapter 18 Quiz with no answers. 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? What kinds of insurance do brokers normally require of their employees? 2 of 10 Which of these is not an AIDA characteristic? 6 of 10 Which of the following is not a true statement? 4- Describe how a property manager can receive his or her fees. Studying population trends in the area. 9 of 10 A reference list of alternative comparable properties is sometimes referred to as the: 10 of 10 Prospects Jim and Linda arrive with agent Bill at the first showing. You can use a reverse telephone directory to get the names of residents. buyer randy makes an offer to purchase buyer randy makes an offer to purchase. A. If a seller is in a multiple offer situation, how do you determine the best offer? What type of relationship best describes how a real estate broker represents her principal in the sale of the principal's single-family home? Which statement is true? Answer a question with a question when possible. D. Ken and Sarah both must be at the office from 9 a.m. to 5 p.m. 35- Who benefits from Private Mortgage Insurance? Is there a contract between the buyer and seller? Copyright - CaliforniaRealEstateExamAnswers.com - 2023 -, >Real Estate Practice Class Questions with no Answers for Preview (ALL R.E. A. A. C. If Larry verbally accepted the offer, Kirk is bound by it. 9 of 11 Lenders can charge all of the following except which fee when a borrower gets a loan? She sold the property and several months later the buyer sued Pam for not disclosing the problem. For income tax purposes, the IRS would probably classify Patrick as: 32- Broker Alice has a listing agreement with Jack. 37- When dealing with the sale of a business, which is not a true statement? At the end of the term, the loan balance will be negative. D. The date Abby makes the request to receive the booklet. 6- How does a limited partnership differ from a general partnership? B. 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? The sellers want the earnest money check made payable to them instead. D. Recommend that the seller delay response to make the buyer nervous and then submit a counteroffer. Select Review offer. B. 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. D. In most situations, an assistant should not have the responsibility of in-person contact with clients. Broker compensation to other brokers. He sounds really excited about this property. 8 of 10 A lease that has no time limit is an: 9 of 10 Which of the following represents an intangible business asset? Which of the following would be the least likely place for them to obtain a loan? 7- What is the difference between an FHA loan and a VA loan? C. The home sits on an earthquake fault zone. The seller must file a bill of sale with the county clerk. 1- When preparing to present an offer to the sellers, what kinds of supporting information can be helpful? 6 of 10 Which of these is not a tool to help evaluate advertising effectiveness? California Real Estate Practice Class Questions with no Answers for Preview (ALL R.E. C. Gather listing forms for her employer. Maximize the return to the property management firm. B. 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? 4- How is property management seen as a risk to investing? buyer randy makes an offer to purchase Hes no longer interested in seeing the inside and Marge agrees. 8. 3 of 10 Which of the following would be an example of a licensee specializing in business type? 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. Giving information about a listing to prospective buyers. What is the body of law that governs negotiable instruments? A. The owner has 30 days to notify the county assessor. 7- Name three benefits of listing a home with an agent that you could share with sellers. 8- Why is it important to have a written prospecting plan? B. 1- The amount that a seller takes away from a sale is termed: A) Net sale price B) Seller's proceeds C) Gross sales price D) Profit margin 2- Which of the following best describes prospecting? Sexta, 26 de novembro de 2021 . 3 of 11 Which loan covers the period of time between the end of one mortgage and the beginning of another? 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. Fill out a separate, numbered counteroffer form. 3- What is a good approach to use when contacting the owner of an expired listing? What would be a good approach for Pam to take? 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? Which of the following is true, if you are licensed as a referral agent? 22- Jane sold her personal home for $148,000. D. Must start out as a part-time employee. B. 5- Define the term loan-to-value ratio. This broker is guilty of what prohibited activity? 3- What is the major difference between an exclusive-authorization-and-right-to-sell listing and an exclusive-agency listing? 5. The borrower makes payments of interest only over the term of the loan. California: Real Estate Practice Ch3 Quiz with no answers. Bob receives an offer from a buyer that is 12% below Sam's asking price. Bob Broker represents Mary Buyer. Is critical to your success in real estate. The borrowers family in case of his or her death, B. 50- Harry has some buyers that he believes are ready to make an offer. D. The casement windows have broken seals. Mary makes an offer to purchase a duplex from Sam. 8 of 10 Which California Fair Housing law provides protection from discrimination by business establishments? 49- Agent Dan tells his buyers that the seller will leave the washer and dryer if the buyers make an offer now. B. C. Present the $208,000 offer and the $200,000 offer together at the same presentation meeting. 1- How much is the loan origination fee and what does it cover? Ask the caller if he or she would like to receive e-mails on newly listed properties. Which of the following conditions is Paul not required to report on this form? 9 of 10 A shopping center would be primarily categorized as what type of property? \text { Annual cost of scrap materials } & 286,000 \\ 23- Jonestown Community Bank refuses to lend money to potential homeowners trying to purchase property in the predominantly Asian neighborhood on the west end of town.
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