ASREB State Test B-1 Questions and Answers 100% Pass

ASREB State Test B-1 Questions and Answers 100% Pass A broker goes on a cruise for ten days. Who can be left in charge? Any unlicensed employee Any real estate licensee employed by the broker Only a real estate salesperson Any corporate officers Any real estate licensee employed by the broker A broker prepares documents at a cost of $35. Which of the following is true? The broker cannot charge for the service The broker may charge if the parties agree The broker may charge if it is considered an escrow fee The broker may charge if the fee was negotiated The broker cannot charge for the service A broker receives an oral offer over the telephone. What should they do? Refuse to present it until it is in writing Refuse to present it unless they have earnest money The broker must present the oral offer Tell the buyer that oral offers are illegal The broker must present the oral offer A licensee may NOT charge for document preparation as a result of which of the following: Rules and Regulations Arizona Statutes Arizona Constitution Article XXVI Law of Agency Arizona Constitution Article XXVI A public report is to be given to a buyer: Before the buyer signs the contract Within three days of signing the contract Within seven days after signing the contract Within six months of signing the contract Before the buyer signs the contract A public report will be denied a developer for all of the following reasons EXCEPT: Failure to deliver marketable title Not providing detailed floor plans Misrepresenting the suitability of the property as a homesite Lack of financial ability to complete the project Not providing detailed floor plans A salesperson receives an offer on a property of another listing broker. The salesperson cannot contact the listing broker within 24 hours. What must the salesperson do? Request the seller give the salesperson written authorization to present the offer Mail the offer back to the buyer Submit the offer to the seller immediately Hold the offer until the salesperson can contact the listing broker Request the seller give the salesperson written authorization to present the offer A subdivider employed hostesses to show houses. The hostesses explained the features of the homes and quoted prices and terms. In this instance: Only the broker need be licensed The hostesses are employees and need no license The hostesses must be licensed real estate salespeople As long as the hostesses do not accept deposits and do not write contracts, the hostesses need not be licensees The hostesses must be licensed real estate salespeople A subdivider must be able to give the purchaser: