A landlord may legally refuse to rent to a prospective tenant if the tenant
1. has a history of serious mental illness.
2. is unable to live alone without assistance.
3. has ever been convicted of using illegal drugs.
4. has ever been convicted of selling illegal drugs.
Give this one a try later!
, has ever been convicted of selling illegal drugs.
A prospective seller asks a salesperson to recommend a listing price for a property.
The salesperson should suggest
1. listing the property at the price the owner believes it is worth.
2. listing the property at least 30% above the current mortgage.
3. a competitive market analysis to determine the property's value.
4. setting the price at the value of the most recent sale in the neighborhood.
Give this one a try later!
a competitive market analysis to determine the property's value.
An investment property returns 12% of its value or $21,000 annually. What is the value
of the property?
1. $100,000
2. $175,000
3. $235,200
4. $252,000
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$175,000
Three identical homes in a neighborhood were listed at the same time in a market
where demand was constant. According to the law of supply and demand, which
would have sold for the lowest price?
,1. The first sold.
2. The second sold.
3. The last sold.
4. Cannot tell from the information given
Give this one a try later!
The first sold.
An agency relationship between a property owner and a property manager is usually
created by
1. a management agreement.
2. payment of a management fee.
3. an exclusive agency agreement.
4. an independent contractor agreement.
Give this one a try later!
a management agreement.
The buyer wants to make the purchase offer contingent on a complex mortgage
arrangement. The buyer's agent who is drawing up the contract should
1. include the provision for the mortgage as the buyer requests.
2. suggest the buyer ask a lawyer to furnish the wording.
3. consult the supervising broker for advice.
4. refer the matter to the seller's agent.
Give this one a try later!
, suggest the buyer ask a lawyer to furnish the wording.
In MOST states, foreclosed property is sold through
1. sealed bids.
2. public auction.
3. deficiency judgment.
4. right of redemption.
Give this one a try later!
public auction.
Earnest money should be deposited into a trust account
1. in a timely manner, according to state laws.
2. upon removal of all contingencies.
3. at the broker's discretion.
4. according to MLS rules.
Give this one a try later!
in a timely manner, according to state laws.
A competitive market analysis takes into consideration
1. square footage of the subject property.
2. neighborhood nuisances.
1. has a history of serious mental illness.
2. is unable to live alone without assistance.
3. has ever been convicted of using illegal drugs.
4. has ever been convicted of selling illegal drugs.
Give this one a try later!
, has ever been convicted of selling illegal drugs.
A prospective seller asks a salesperson to recommend a listing price for a property.
The salesperson should suggest
1. listing the property at the price the owner believes it is worth.
2. listing the property at least 30% above the current mortgage.
3. a competitive market analysis to determine the property's value.
4. setting the price at the value of the most recent sale in the neighborhood.
Give this one a try later!
a competitive market analysis to determine the property's value.
An investment property returns 12% of its value or $21,000 annually. What is the value
of the property?
1. $100,000
2. $175,000
3. $235,200
4. $252,000
Give this one a try later!
$175,000
Three identical homes in a neighborhood were listed at the same time in a market
where demand was constant. According to the law of supply and demand, which
would have sold for the lowest price?
,1. The first sold.
2. The second sold.
3. The last sold.
4. Cannot tell from the information given
Give this one a try later!
The first sold.
An agency relationship between a property owner and a property manager is usually
created by
1. a management agreement.
2. payment of a management fee.
3. an exclusive agency agreement.
4. an independent contractor agreement.
Give this one a try later!
a management agreement.
The buyer wants to make the purchase offer contingent on a complex mortgage
arrangement. The buyer's agent who is drawing up the contract should
1. include the provision for the mortgage as the buyer requests.
2. suggest the buyer ask a lawyer to furnish the wording.
3. consult the supervising broker for advice.
4. refer the matter to the seller's agent.
Give this one a try later!
, suggest the buyer ask a lawyer to furnish the wording.
In MOST states, foreclosed property is sold through
1. sealed bids.
2. public auction.
3. deficiency judgment.
4. right of redemption.
Give this one a try later!
public auction.
Earnest money should be deposited into a trust account
1. in a timely manner, according to state laws.
2. upon removal of all contingencies.
3. at the broker's discretion.
4. according to MLS rules.
Give this one a try later!
in a timely manner, according to state laws.
A competitive market analysis takes into consideration
1. square footage of the subject property.
2. neighborhood nuisances.
