Gold Coast 1001 CRAM (Part 8 of 10) Questions And Answers 100% correct Verified

701. What approach is most often used for the valuation of a business? (Ch. 16, Three Approaches to Value)Income approach 702. A sales associate receives an offer from the buyer along with a postdated check. What action must the sales associate take? (Ch. 5, Escrow Funds, Depositing Escrow Funds)Immediately turn it over to the broker 703. Which of the following is the best source of protection for consumers who are using the services of a real estate licensee? (Ch. 2, Purpose of the Law)State licensing laws 704. Which of the following statements pertaining to VA and FHA loans is correct? (Ch. 13, FHA Insured Mortgage Loans, VA Guaranteed Loan)The FHA insures loans. VA loans are guaranteed. 705. Carol buys a rental list for $350, looks at over 40 available apartments on the list, but is not satisfied with any of them. After 3 weeks, she requests a refund of her money. What is she entitled to receive? (Ch. 5, Rental Information)$262.50 706. With what would an appraiser utilizing the cost-depreciation approach be most concerned? (Ch. 16, Three Approaches to Value, Cost- D