Who would be exempt under New Jersey fair housing law? Only after receiving the tenants consent. five letter words with l; jaiswal surname caste; pros and cons of herzberg theory; sechrest funeral home obituaries; curious george stuffed animal 1975; cornerstone staffing application 0 How much did Sam gain or lose on the sale? C. Consider child support payments in the decision. 27 of 50 Tim and Sue have obtained a buydown loan on their newly built home. D. A shopping center might have to remodel their public restrooms. Tell Linda that the sellers will be very disappointed if they cancel the appointment. 3- When making your presentation, what topics should you cover? Broker Alice holds an uncashed check until the offer is accepted. C. Is subordinate to a first mortgage. B. He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? How should licensee Fred handle this offer? 5- Your listing presentation manual should be made up of two sections that address what issues? D. A basis of $140,000 and no taxable gain. C. Real estate can respond quickly to changes in the market. A. PRACTICE QUESTIONS), (correct answers will be revealed with correct subscription). Seeking listings C. Seeking both buyers and sellers D. Seeking buyers for others agents' listings Ask the buyer if the buyer would like to make an offer taking the roof age into account. The appraised value is $86,500; 80% of that amount is $69,200 ($86,500 x 0.80). Five current listings three recently sold and two expired, C. A minimum of three properties in the recently sold category. B. C. A broker is not responsible for the acts of independent contractors. The borrower makes payments of interest only over the term of the loan. 43- The Equal Credit Opportunity Act (ECOA) requires lenders to: A. A. A. 9 of 10 Which of these is not a helpful homeowner tip? Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Buyers looking at FSBO homes are usually looking for a bargain. buyer randy makes an offer to purchasei miss you text art copy and paste. 8 of 10 Which statement is true about a real estate assistant? 2- What is important to remember about multiple offers? Which is true? This term typically refers to. Jim has decided that he will learn all he can about the new subdivisions at the west end of town. To insure loans made by approved lenders, D. To sell loans to other secondary mortgage marketers. 40- Which of the following phrases should Salesperson Brenda avoid when writing an advertisement for one of her listings? A. 13 of 50 What is the most common reason that owners try to sell their homes themselves? The buyer was responsible for making the discovery, so Pam is therefore liable. A. C. Neither Sarah nor Ken can get employer-provided health insurance. D. Visiting a neighborhood with a co-worker could make you feel more comfortable. B. Bob writes the offer but is too embarrassed to submit it. B. The Residential Environmental Hazards Guide, B. Bob Broker brings Sam Seller an offer with a higher price than the existing contract Sam has with another buyer. buyer randy makes an offer to purchase - cspconlutas.org.br He has put up $50,000 in preferred stock as earnest money. C. Shows property addresses that should be excluded from prospecting. B. Answer: C- Ask the buyer if the buyer would like to make an offer taking the roof age into account. C. Mike has been late with his rent payments seven times in the past year, D. He had a serious physical altercation with his downstairs neighbor. A. Brenda must follow all of Jims instructions. D. Call the sellers immediately and let them know you wont be coming by. 36- Broker Eric secures a loan for buyer Paul. What kind of closing technique is Jim using? For what type of loan is the borrower applying? How would you classify this essay (high or low comedy)? Their first mortgage will get paid off immediately. A. A. An assistant should never be left with the task of taking photos of a new listing. It became a contingent contract when Sam accepted Mary's offer. C. If Larry verbally accepted the offer, Kirk is bound by it. The definition of race was expanded to include ancestry. First, determine the amount by which the first $40,000 is reduced; $40,000 x 0.05 = $2,000 (100% - 95% = 5% not covered). 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. 64- Which of the following is not a form of personal advertising? kennesaw state football depth chart; 2022617 buyer randy makes an offer to purchase B. 4- Why is it important to talk to the sellers about the buyers? In order to supplement their fixed income, the Sandlers receive monthly checks from their bank. 51- Which statement is true about a homeowners exemption? What does that mean? The price elasticity of demand for Broker Bob has a buyer who has seen a property twice and seems ready to make an offer. Answer: C- Try to get Sam to accept the offer. D. Property evaluations from other agents have valuable information for sellers. 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. 6- List the steps of underwriting. Plastic dishes last a long time because they are unbreakable. 4 of 10 Examining the economic soundness of a property means looking at all of the following except which? D. The owner has 45 days to file a change in ownership statement. 43 Offer To Purchase Real Estate Templates (& Letters) 12- What are grant programs typically used for? D. The monthly payments increase overtime. B. D. The borrower gets a note in exchange for a mortgage. Offer to mail the caller a set of fliers on interesting properties. C. Allow indoor pets to leave their designated area. C. Make up some statistics to share with the Bowers. 8- What actions does a lender take to sell a mortgage in the secondary market? C. Johns office has a selection of books, CDs and tapes for agent use. 9 of 10 Which of the following items would not usually be included in a presentation manual for buyers? A. 77- Which of the following Internet pages might not be of particular interest to buyers? Buys pools of mortgages in exchange for mortgage-backed securities. B. 3. Be a deal maker. D. Erics broker should appoint Eric as the designated agent in this transaction. 6 of 10 Who typically presents an offer to the sellers? Given the rise in the price of a plane ride, what percentage change in the price Copyright - CaliforniaRealEstateExamAnswers.com - 2023 -, >Real Estate Practice Class Questions with no Answers for Preview (ALL R.E. 1 of 10 All of these questions could help you determine a prospects capacity to make a purchase except which one? To purchase conventional, FHA and VA loans, D. To insure conventional, FHA and VA loans. A secondary bid for a property that the seller will accept if the first offer fails A. A. Download an offer to purchase document and refer to the annotated Agreement of Purchase and Sale to help you fill it out. 7- Ben and Blanche receive a $200,000 offer on their home, which is listed at $208,000. D. Broker Tom has only limited responsibility for the actions of his licensees. Be open-minded. However, she believes the sellers will not be willing to accept the offering price. D. The appraised value prior to sale 4 of 50 Seller Kim tells her agent Greg that she would be willing to accept $185,000 on her $205,000 listed home. 31- Patrick has a written independent contractor agreement with his broker Tami. The couple now has. C. There is a 6-month pre-payment penalty for paying off the loan early. 3- What is the major difference between an exclusive-authorization-and-right-to-sell listing and an exclusive-agency listing? 93- Jim has created a nice property flier for the James home. There are several steps in calculating the answer to this question. The owner asks Tommy to market the property at market value but asks Tommy if he could negotiate with the bank and orchestrate a short sale. 4- What are the major areas of newspaper leads? D. The lender assumes Tim and Sues income will rise over the first few years of the loan. Answer: A- Personal Check When the sellers make a counteroffer: they are accepting the original offer with changes. B. Over 300 California Real Estate Practice Exam questions to pass Tests! 50- Harry has some buyers that he believes are ready to make an offer. C. Real Estate Settlement and Procedures Act. Answer: C- A secondary bid for a property that the seller will accept if the first offer fails. 6 of 11 Which of the following is not true about reverse annuity mortgages? California: Real Estate Practice Chapter 13 Quiz with no answers. C. Brenda could be liable for a breach of the listing terms. He made $150,000 of improvements during the three years he lived in it before he sold it. What should Bob do? 5 of 10 RESPA applies to all of the following EXCEPT which? D. Must start out as a part-time employee. 9% The owner of the property is HIV positive. C. I will open my own office within nine years. Local ordinance requires a 20-foot rear and front setback. 10- Which disclosures are NOT required to be made when selling residential property? B. D. Their lender can profit from the difference in interest rates. He paid $100,000 for it, and made $300,000 worth of improvements. B. Jim Sharp is purchasing his fathers home. 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. 17 of 50 Kathy is a personal assistant at Action Realty. 10 of 10 Agent Jim tells his buyers that the seller will leave the riding lawn mower if the buyers make an offer now. 7 of 10 How might probate information help in prospecting? 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. 1. B. A. In this scenario, which of the following is not true? Give $250 to the buyer and $250 to the seller. When You Should Make a Purchase Offer - The Balance From the 100' frontage, subtract the 10' per side setback (100' - 20' = 80'). Sam accepts the offer and executes the contract on March 1, a Sunday. 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. 2- What exception exists to the duty of obedience when working with a client? C. Print postage labels from your computer. They made $50,000 of improvements. 5- How do life insurance companies get involved in the investment market? You can make a Best Offer on listings that have a Make Offer button. B. 16 juin 2022 why do babies clap their feet. C. The buyers are interested in another property. D. Whether or not the licensees attend staff meetings. Find things in the home a seller needs to repair. What is the major difference between an employee and an independent contractor? Answer: B- Licensee Fred should take the offer to the seller and determine if the escrow deposit is acceptable. Listen carefully to everything your prospects say and repeat some specifics back at appropriate times so that they know you have heard what they said. There is a crack in the basement wall. Give the prospects a black copy of a purchase agreement to look over. 10 of 10 Which of the following statements is not true about a net listing? What is important to remember about capturing the readers attention? What approach can Greg use to discourage the person from calling other agents? Buyer Randy makes an offer to purchase one of Broker Tom's listings on June 15. 4- Why is coordinating escrow so important and how can an assistant help? 1- When preparing to present an offer to the sellers, what kinds of supporting information can be helpful? Minimize expenses while maximizing profits for the owner. Buyer Norm called and rescinded the offer. A. B. 6- When is a lender required to terminate a borrowers private mortgage insurance? D. Write advertisements and promotional materials with the approval of the licensee and supervising broker. buyer randy makes an offer to purchase - fabricadecosas.com The purchase price, plus improvements Course Hero is not sponsored or endorsed by any college or university. 31 of 50 Which of the following AIDA characteristics is the most critical in the ad? Referral fee to a homeowners insurance agent. If a seller is in a multiple offer situation, how do you determine the best offer? What would you say about Sallys behavior? D. Their loan payments will gradually increase. C. Classified ads placed on the property, D. Number of hits on the company website. D. Kirks offer to Larry is legally cancelled. 10 of 11 Mark gets a home loan and the lender will charge him 3 points at closing. A. John offers weekly training seminars. 9 of 10 A shopping center would be primarily categorized as what type of property? 1. buyer randy makes an offer to purchase. First, determine what you originally paid for the house: $139,900 x 1.10 (100% + 10% = 110% or 1.10) = $153,890. "What would you like to offer?" Suggest that the buyer look at a different house. Make no recommendations and let the sellers decide on their own. D. The interest payment is always smaller then the amount allocated to the principal. Ask the buyers to sign a real estate transfer disclosure statement. Tell Mike that the sellers will be upset if they cancel the appointment. 4- How is property management seen as a risk to investing? 10 of 10 Which of these individuals could not act as an escrow agent without an escrow license? 1- What is an important thing to remember about listing agreements? 35 of 50 Agent John just listed a home in a mid-range priced neighborhood. What should a licensees written employment agreement contain? B. D. Tim and Gail have qualified for an FHA loan. B. 8 of 12 Fannie Mae does all of the following activities except which? A buyer mails an offer to an out-of-town seller. Here are the steps to follow to make an offer to purchase: Step 1. 7 of 10 Which of these forms is not filled out by the seller? 5 of 10 How many properties should be included for comparison in a competitive market analysis? 106- If broker Tim advertises a property for sale that he doesnt intend to sell so that he can attract potential buyers, Tim is practicing: >Real Estate Practice Class Questions with no Answers for 1- When is an agency relationship created? \text { Annual rework cost } & 34,679 \\ buyer randy makes an offer to purchase - pet-anneve.com She sold the property and several months later the buyer sued Pam for not disclosing the problem. D. Allows a broker to have as a commission anything above the minimum the seller sets. 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? B. D. Purchasing loans from primary lenders. 15 of 50 Agent Will has had a listing with the Bryants for 6 weeks. 10 of 10 When a tenant agrees to pay all taxes, insurance, maintenance and repairs, that tenant has what kind of lease? It can be considered an employment contract. buyer randy makes an offer to purchase - fridarestaurant.com What would we call Hannah? C. Give the tenant a 3-day notice to pay or quit. A. 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. Which statement is TRUE? She discovers that the more time passes, the more she feels frustrated by the seller's lack of cooperation. A week later, the salesperson takes a new listing and prepares an offer for her seller from her brother/client. 8. B. 4- What is the agreement that a broker can enter into with a buyer? 3 of 10 Jake has received two offers on one of his listings. C. Insurance agents dealing with customers. rickey smiley and grandson videos 8- Which section of the purchase agreement does not apply directly to the buyers and sellers? What kinds of insurance do brokers normally require of their employees? A. Smoke Detector Statement of Compliance, D. Sellers Affidavit of Nonforeign Status and/or California Withholding Exemption. 5- Under what circumstances can a loss on the sale of a personal residence be deducted from income taxes? 3- How could refinancing be an investment benefit? Find solutions. He pays rent for occupancy, plus maintenance and operating expenses. This broker is guilty of what prohibited activity? What would you say about Alexs actions? 2 of 10 Which of these is not a good technique to get the name of a caller who is reluctant to give you that information? 8- What is important for a broker to remember about the Foreign Investment in Real Property Tax Act? Certain homeowners may qualify for a $10,000 exemption. He asks his real estate agent if she could tell him how to go about building a house on the land. Answer: A- Proceed as if the buyer has decided to make an offer. Broker Ashley has been working for a seller for the past seven months. A. Amanda loves the home and wants to make an offer. 4 of 11 Which of these is also called a contract for deed? 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? Bob Broker represents Sam Seller. Which law extended discrimination to include handicap and familial status? A. Sexta, 26 de novembro de 2021 . 86- Which of the following is not considered a benefit of investing in real estate? Person must be properly licensed. D. Employee status versus independent contractor status is an IRS issue. Tommy Gee encounters an owner of a property who has no equity in the home because of a sharp decline in market values. C. Be sure all requested inspections have been ordered. B. 11. California: Real Estate Practice Ch12 Quiz with no answers. 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? B. 99- All exclusive listing agreements must have, C. A list of personal property included in the sale. 8- When does a purchase offer become a legal contract? D. Have the broker send a thank you for listing letter to the sellers. Which of the following would be the least likely place for them to obtain a loan? Which of the following statements is true? 2 of 10 When can a landlord enter a tenants property to make repairs or show it? B. This would be the maximum the purchaser would be permitted to borrow. Hometown received $2400.00 in referrals. A. Generates leads for new listings. 5- What should a good management contract contain? Better yet, try to avoid deal breakers. 5- What actions can the sellers take regarding the purchase offer? A purchase offer is a binding contract between the buyer, the seller and their agents. 7- If an item is paid for in advance by the seller, how will it be handled on the settlement statement? What is meant by the term sphere of influence? 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. They will owe a balloon payment at the end of the loan term. Supervises the Truth in Lending Act. 1- What do you need to check if you want to conduct a door-to-door canvass in a neighborhood? A. A. B. The following table lists all costs of quality incurred by Sam's Surf Shop last year. It never was effective since Sam had not notified Mary of the acceptance. 38 of 50 What is the primary role of Fannie Mae? 8 of 10 Which California Fair Housing law provides protection from discrimination by business establishments? A. Chapter 8: QUIZ QUESTIONS Flashcards | Quizlet B. What should agent Phil do? 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? 7- Ben and Blanche receive a $200,000 offer on their home, which is listed at $208,000. B. Underline the correct pronoun in parentheses in the following sentence. If Broker Tom procures a buyer for Jack, Tom will get the commission and Alice will not. What is the key feature of this type of loan? Broker Bob has a listing with Sam Seller and calls Sam to tell him Bob has received an offer from a buyer. 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. C. Broker Harry deposits $1000 into his brokerage business account. D. If the buyer rejects the first counteroffer, the seller can accept the first offer. B. Salesperson Julie can receive her commission from the cooperating broker in her latest transaction. You bought if for the listing price plus 10% and sold it for the listing price. Gives the names of lawyers who might require property assistance. 4 of 10 Which of these is not an important aspect of selling? 6- How does a limited partnership differ from a general partnership? Her broker has asked her to be available for tasks in the field rather than in the office. Buys conventional, FHA and VA loans. Each of their payments is for the same amount. A rental condominium for a recreational vehicle. 5- Why is it important for the buyers to indicate whether or not they intend to occupy the property? 5- Your listing presentation manual should be made up of two sections that address what issues? D. Meet with the buyers lender to ensure theyre getting a good deal. 7- Agent Jim needs to do a visual inspection of his listing. C. Moving closer to the agent to get a better look. Give an example of a specific short-term goal. Which statement is true? 1- What is goodwill as it relates to a business? A. Lead-based paint was used in the home. D. Chris is a buyer's agent. B. 3 of 10 Which paragraph of the purchase agreement states that if the buyer defaults after acceptance, he or she may be liable for the brokers commission? 2 of 10 Which is not a true statement about the Americans with Disabilities Act? B. Rewrite whole paragraphs to ensure clarity. 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? B. 9- What required disclosure is a result of Megans Law? $6,740 33 of 50 Sal bought a personal residence for $150,000. 8- What actions does a lender take to sell a mortgage in the secondary market? B. Entails entering into two agreements simultaneously. 6- What is the Real Estate Transfer Disclosure Statement and who is responsible for providing it? 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? D. The advertiser must prove he was grandfathered in as a licensee. B. What should Bob do? Which statement is true? 4 of 10 Which of the following is NOT a condition of the safe harbor test? \text { Annual warranty cost } & 1,546,000 \\ Retain the check for use with a future sales contract offer.

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