Quiz_________________?
______ are items that go in the seller's credit column and the buyer's debit column.
Credits
Debits
Prepaids
Prorations -
Answer✅
Prepaids
Quiz_________________?
A defect on a title that can be monetary or physical is called an ______.
Agreement
Appurtenance
1
, Encumbrance
Eviction -
Answer✅
Encumbrance
Quiz_________________?
A home sells for $225,000. Per the listing agreement, the total commission is 7% of the sales
price. After half of that goes to the buyer's agent's managing broker Devin, the other half of
it goes to Sheila, the buyer's agent. But the seller's agent, Kiko, also has an agreement with
her brokerage for a 70/30 split, with the "70" going to her. How much is Kiko's commission?
$15,750
$2,362.50
$5,512.50
$7,875 -
Answer✅
$5,512.50
Quiz_________________?
A lot with a front footage measuring 450 feet sold for $300,000. What was the cost per
front foot?
$135,000 per front foot
2
, $300,000 per front foot
$667 per front foot
$780 per front foot -
Answer✅
$667 per front foot
Quiz_________________?
A property that's been converted to natural gas may actually have which issue?
A decrease in value
An undiscovered oil tank
Increased fuel bills
Remodeling problems -
Answer✅
An undiscovered oil tank
Quiz_________________?
Agatha helped her client Rufus complete the form that documents Rufus's purchase offer to
the seller for the property he'd like to buy. What is this form?
Buyer representation agreement
3
, Listing agreement
Promissory note
Sales contract -
Answer✅
Sales contract
Quiz_________________?
Airports, parks, and zoos are ________.
Government-owned
Owned by for-profit corporations
Owned by the individuals who work at the courthouses and parks
Privately owned -
Answer✅
Government-owned
Quiz_________________?
Barb's license was temporarily deactivated when she broke a real estate rule. What is the
name for this penalty?
Citation
4
______ are items that go in the seller's credit column and the buyer's debit column.
Credits
Debits
Prepaids
Prorations -
Answer✅
Prepaids
Quiz_________________?
A defect on a title that can be monetary or physical is called an ______.
Agreement
Appurtenance
1
, Encumbrance
Eviction -
Answer✅
Encumbrance
Quiz_________________?
A home sells for $225,000. Per the listing agreement, the total commission is 7% of the sales
price. After half of that goes to the buyer's agent's managing broker Devin, the other half of
it goes to Sheila, the buyer's agent. But the seller's agent, Kiko, also has an agreement with
her brokerage for a 70/30 split, with the "70" going to her. How much is Kiko's commission?
$15,750
$2,362.50
$5,512.50
$7,875 -
Answer✅
$5,512.50
Quiz_________________?
A lot with a front footage measuring 450 feet sold for $300,000. What was the cost per
front foot?
$135,000 per front foot
2
, $300,000 per front foot
$667 per front foot
$780 per front foot -
Answer✅
$667 per front foot
Quiz_________________?
A property that's been converted to natural gas may actually have which issue?
A decrease in value
An undiscovered oil tank
Increased fuel bills
Remodeling problems -
Answer✅
An undiscovered oil tank
Quiz_________________?
Agatha helped her client Rufus complete the form that documents Rufus's purchase offer to
the seller for the property he'd like to buy. What is this form?
Buyer representation agreement
3
, Listing agreement
Promissory note
Sales contract -
Answer✅
Sales contract
Quiz_________________?
Airports, parks, and zoos are ________.
Government-owned
Owned by for-profit corporations
Owned by the individuals who work at the courthouses and parks
Privately owned -
Answer✅
Government-owned
Quiz_________________?
Barb's license was temporarily deactivated when she broke a real estate rule. What is the
name for this penalty?
Citation
4
