Real Estate Exam – Oregon (Already Graded A+)

Earnest money can be in the form of correct answers cash or check and/or promissory note Real estate sales commissions are usually paid by the correct answers seller Open spaces with half cubicles are often referred to as a correct answers bull pens An escrow agent acts as a ____ party correct answers neutral third Office standards for both employees and independent contractors should be in writing in the form of a/an correct answers office policy manual ASP is an acronym for: correct answers Applications Service Provider The two major components of a comparable market analysis (CMA) are: correct answers the site and the comparables The income statement is also known as a/an: correct answers profit and loss statement and earnings statement and operations statement Problem Solving correct answers _____ involves analyzing situations and finding solutions to issues that come up. Negligent misrepresentation correct answers _____ is a failure to disclose a material fact out of ignorance when the broker should have known otherwise. The escrow officer and broker are responsible for ensuring that all necessary loan documentation has arrived at the correct answers escrow office The Oregon Real Estate Agency correct answers _____ requires that records be kept on all real estate activity. If you are an independent contractor you may be able to deduct business expenses on Schedule _______of your income tax return. correct answers C Fixed liabilities are over a time period greater than: correct answers one year Should a dispute arise between management and an affiliated license correct answers an office policy and procedures manual could prove to be invaluable for resolving any issues A policy manual covers advertising web sites and trade fairs. These are considered: correct answers external communications When making an offer to purchase a property the buyer usually submits a good faith deposit called a/an correct answers earnest money