Real estate practice course exam with 100% graded
answers from a verified source just released assured
success.
Terms of cooperation and compensation, if any, must be listed. - ANSWERS-Which
of the following is true about MLS usage?
A quick closing - ANSWERS-When a seller wants to expedite the closing process,
what can a buyer offer to address this need?
13.75% - ANSWERS-What is the ROI for this scenario? An investor pays $80,000
cash toward the purchase price, finances the rest, and has a cash flow of $11,000
after repairs and debt services.
Explain the transaction process. - ANSWERS-What's something you should
definitely do when conducting a buyer presentation?
Access to restrooms - ANSWERS-When modifying commercial buildings to meet
accessibility requirements, owners should focus their attention on these four areas:
accessible approach and entrance, access to goods and services, ______, and any
other necessary measures, such as access to public amenities.
Natural Hazards Disclosure statement - ANSWERS-Many supplementary statutory
disclosures will be included in the _________ when provided by a third-party
company.
Group boycotting - ANSWERS-One of the actions that landed the Consolidated
Multiple Listing service of South Carolina in court was that it gave Columbia
brokers the ability to exclude rivals from outside of Columbia. What type of
antitrust violation does this exemplify?
Rental contracts, including expiration dates - ANSWERS-The list of reports that a
property manager would provide to the owner would likely include which of the
following?
, Tie-in arrangement - ANSWERS-When working with a developer who's purchasing
undeveloped land for a new subdivision, ABC Realty stipulates in the contract that
in order to purchase the undeveloped land, the developer must purchase grading
services from Bulldozers-R-Us. Which antitrust violation is this?
Strip mall - ANSWERS-Sharilyn's business and adjacent businesses are arranged in
a neat row. Customers enjoy the open-air walkways when they visit her business
and others. In which commercial space is Sharilyn's business likely located?
$250,000 for single taxpayers, $500,000 for married couples filing jointly -
ANSWERS-What is the capital gains exclusion amount?
Disclosed to the consumer in writing - ANSWERS-California law requires that any
adverse action taken against the consumer that is based on the credit report be
_______
Lenders want REO properties to sell quickly, so they're likely to have resolved
unpaid tax lien issues. - ANSWERS-While any distressed property can have title
transfer issues, why is an REO less likely to be subject to unpaid tax liens?
The day of signing, or just prior to it - ANSWERS-When does the buyer's agent,
attorney, or lender contact the buyer to tell them the exact amount to bring to
closing?
Arbitration - ANSWERS-Ray purchased a new home and soon discovered an issue
with one of the windows. He filed a claim with the warranty provider, but it was
denied. After mediation, the issue still remains unresolved. What is the most
common next step?
Krening's broker may face jail time. - ANSWERS-Krening Realty has been found
guilty of running deceptive ads. Which of these statements about the potential
penalty is NOT true?
Eight - ANSWERS-How many floors could a mid-rise office building have?
Catholic parishes - ANSWERS-Marketing exclusively to which of the following
niches may be illegal?
Laws related to real property contracts, such as contract of sale or land installment
contracts - ANSWERS-What types of laws does the civil code contain?
answers from a verified source just released assured
success.
Terms of cooperation and compensation, if any, must be listed. - ANSWERS-Which
of the following is true about MLS usage?
A quick closing - ANSWERS-When a seller wants to expedite the closing process,
what can a buyer offer to address this need?
13.75% - ANSWERS-What is the ROI for this scenario? An investor pays $80,000
cash toward the purchase price, finances the rest, and has a cash flow of $11,000
after repairs and debt services.
Explain the transaction process. - ANSWERS-What's something you should
definitely do when conducting a buyer presentation?
Access to restrooms - ANSWERS-When modifying commercial buildings to meet
accessibility requirements, owners should focus their attention on these four areas:
accessible approach and entrance, access to goods and services, ______, and any
other necessary measures, such as access to public amenities.
Natural Hazards Disclosure statement - ANSWERS-Many supplementary statutory
disclosures will be included in the _________ when provided by a third-party
company.
Group boycotting - ANSWERS-One of the actions that landed the Consolidated
Multiple Listing service of South Carolina in court was that it gave Columbia
brokers the ability to exclude rivals from outside of Columbia. What type of
antitrust violation does this exemplify?
Rental contracts, including expiration dates - ANSWERS-The list of reports that a
property manager would provide to the owner would likely include which of the
following?
, Tie-in arrangement - ANSWERS-When working with a developer who's purchasing
undeveloped land for a new subdivision, ABC Realty stipulates in the contract that
in order to purchase the undeveloped land, the developer must purchase grading
services from Bulldozers-R-Us. Which antitrust violation is this?
Strip mall - ANSWERS-Sharilyn's business and adjacent businesses are arranged in
a neat row. Customers enjoy the open-air walkways when they visit her business
and others. In which commercial space is Sharilyn's business likely located?
$250,000 for single taxpayers, $500,000 for married couples filing jointly -
ANSWERS-What is the capital gains exclusion amount?
Disclosed to the consumer in writing - ANSWERS-California law requires that any
adverse action taken against the consumer that is based on the credit report be
_______
Lenders want REO properties to sell quickly, so they're likely to have resolved
unpaid tax lien issues. - ANSWERS-While any distressed property can have title
transfer issues, why is an REO less likely to be subject to unpaid tax liens?
The day of signing, or just prior to it - ANSWERS-When does the buyer's agent,
attorney, or lender contact the buyer to tell them the exact amount to bring to
closing?
Arbitration - ANSWERS-Ray purchased a new home and soon discovered an issue
with one of the windows. He filed a claim with the warranty provider, but it was
denied. After mediation, the issue still remains unresolved. What is the most
common next step?
Krening's broker may face jail time. - ANSWERS-Krening Realty has been found
guilty of running deceptive ads. Which of these statements about the potential
penalty is NOT true?
Eight - ANSWERS-How many floors could a mid-rise office building have?
Catholic parishes - ANSWERS-Marketing exclusively to which of the following
niches may be illegal?
Laws related to real property contracts, such as contract of sale or land installment
contracts - ANSWERS-What types of laws does the civil code contain?
