California: Real Estate Principles Actual Exam Questions with Complete Solutions

California: Real Estate Principles Actual Exam Questions with Complete Solutions 19 of 50 - Mobile homes manufactured ___________ are required to have tags guaranteeing proper construction. Who issues this tag? A. Before June 15, 1976; HUD B. After June 1, 1976; HUD C. After June 15, 1976; HUD D. After June 1, 1976; California BRE - Answer-C. After June 15, 1976; HUD 20 of 50 - Which of the following is not a goal of a real estate appraiser? A. To determine the market value of a property. B. To determine the insurance value of a property. C. To determine the marketability of a property. D. To determine the tax value of a property. - Answer-C. To determine the marketability of a property. 21 of 50 - Adeeb has listed his condo with Maria's broker and she is his listing agent. The listing agreement is signed and the day to begin showing his property is nearing. Adeeb decides the day before the open house to raise his asking price by $20,000. Maria disagrees with the decision but goes along with Adeeb's wishes. How must Maria take care of this contractual change in price? A. Maria must change the listing price on a price change or extension form. B. Maria may make the change on the original contract due to the fact the condo has not been professionally shown by licensees. C. The listing price change does not need to be changed on the contract. The price that will be paid for the condo does not have to be the listing price; therefore, it is just a guide, not set in stone. D. None of the Above. - Answer-A. Maria must change the listing price on a price change or extension form. 22 of 50 - Thad and Pierre made an appointment to view a condo for lease advertised in the newspaper. Thad phoned the landlord and set up a viewing for two hours later in the day. The couple thought the condo was perfect and informed the landlord they wanted to start the application process to lease the condo. The landlord then explained the condo had just been leased. The next Sunday in the classifieds, the condo was again advertised for lease. A friend of the couple phoned the landlord, pretending to be interested in the property. When asked if it had been leased, the landlord replied "No". What is going on in this situation?