45 Hour Post License Final Exam Correct 100%(RATED A+)

If an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? - ANSWER The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common to complete a mail away closing? - ANSWER the agent would sign on the absent persons behalf Your buyers' lender tells you that your buyer will qualify for a loan up to $359,000. The lender advised you that this was based on the house not located in a flood zone and no more than $150 a month in HOA fees. The buyer was searching online and found a house located in a popular neighborhood. When you pull the listing information you discover that the house is only $336,000 but is in a Flood Zone "A" and HOA fees are $300 a month. Which is the best course of action to take? - ANSWER Contact the buyer's lender to review the information about the property and schedule a showing to coincide immediately after the expected response time from the lender. What is the formula to calculate how many leads are needed to generate clients? - ANSWER Clients Required ÷ Lead Conversion % Stacey hired a real estate licensee to advertise a home for sale in the MLS and to handle the contract. However, the seller planned to handle their own showings and open houses and did not want to pay the agent for those services. Which type of listing agreement would be appropriate? - ANSWER Limited listing agreement Asking a client: "What's the one thing that is keeping you from moving forward?" is an example of ___. - ANSWER isolate the objection You are working with Alana, a buyer, that wants to purchase a resale condo anywhere on Longboat Key. She has narrowed it down to 2 units in different condo developments. As the buyer's agent, you should make sure she gets ____ within 3 days for whichever condo she enters into a contract. - ANSWER Most recent year-end financial report, Governance form A buyer received a clear to close from his lender. Which of the following would NOT still need to be completed? - ANSWER earnest money deposit Per the statute - when a condominium is sold or re-sold, specific documents must be provided from the seller to the buyer. The seller of new condo's must provide the buyer with 5-6 different required documents. Re-seller must provide the buyer with 7 different required documents