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Real Estate 84 Chapter 2 Real Estate Practice Quiz.1. If a listing agreement contains a safety clause, this offers the broker protection in the event of: A. the sale of the property in the period after the listing expires B. a suit against the broker by the buyer resulting from misinformation provided by the seller C. the theft of property from the seller's house when it is being shown D. an agreement to purchase the seller's home before the buyer has sold his property Correct Answer: A ...

Real Estate 84 Chapter 1 Real Estate Practice Quiz.1. An agent receives an offer of $350,000 on a property that she has listed for $355,000. When she is about to present the offer to the sellers, another offer comes in for $300,000. She should: A. present the lower offer only if the sellers reject the higher offer B. present both offers at the same time C. present the higher offer only after the sellers reject the lower offer D. discard the lower offer, as it is clearly frivolous Correct A...

Real Estate 84 Chapter 5 Real Estate Practice Exam.1. A homeowner preparing his home for sale should do all of the following except:: A. fix any broken fences and railings B. replace worn carpeting C. prune trees and mow the lawn D. repaint interior walls in a bright primary color Correct Answer: D Explanation: Repainting interior walls may be a good idea, but neutral colors will appeal to the widest audience of prospective buyers. 2. Servicing a listing typically involves al...

Real Estate 84 ch06 quiz with answers.1 out of 1 points A real estate licensee may draw up a contract for a party to a transaction without engaging in the unauthorized practice of law: Selected Answer: b. when preparing a standard pre-printed purchase agreement form Answers: a. when acting as a dual agent b. when preparing a standard pre-printed purchase agreement form c. when charging a separate fee for the services d. if that party is being represented by a different licensee  ...

Real Estate 84 ch05 quiz with answers.Question 1 1 out of 1 points An unlicensed real estate assistant may perform all of the following tasks except: Selected Answer: c. advising a client regarding available financing options Answers: a. copying, distributing, and filing transaction documents b. passing out brochures at an open house c. advising a client regarding available financing options d. updating listing information on the broker's website  Question 2 1 out of 1 points ...

Real Estate 84 ch04 quiz with answers.Question 1 1 out of 1 points The decision of what price to set for a home ultimately belongs to the: Selected Answer: b. seller Answers: a. agent b. seller c. appraiser d. lender  Question 2 1 out of 1 points To determine an appropriate listing price for a property, an agent will perform a/an _____, which is related to but less rigorous than a/an _____. Selected Answer: a. CMA/appraisal Answers: a. CMA/appraisal b. appraisal/CMA c. ...

Real Estate 84 ch10 quiz with answers.0 out of 1 points Which of the following loans may involve a balloon payment? Selected Answer: b. Partially amortized Answers: a. Fully amortized b. Partially amortized c. Interest-only d. Both B and C  Question 2 0 out of 1 points Which of these loans would present the greatest level of risk to a lender? Selected Answer: d. 80% LTV Answers: a. 97% LTV b. 95% LTV c. 90% LTV d. 80% LTV  Question 3 1 out of 1 points Which of th...

Real Estate 84 ch07 quiz with answers.1 out of 1 points Which of the following is not an element that should be included in every purchase agreement? Selected Answer: c. Agent's commission rate Answers: a. Identification of parties b. Stated price and method of payment c. Agent's commission rate d. List of liens and encumbrances the buyer will assume or take title subject to  Question 2 1 out of 1 points If someone has a power of attorney to sign the purchase agreement on ...

Real Estate 84 Midterm Exam with Questions And Answers.1 out of 1 points A broker showed one of his own listings to a buyer he was representing. The buyer decided to make an offer on the property, which was accepted. At no point did the broker disclose his dual agency status. The broker may be: Selected Answer: d. All of the above Answers: a. forced to give up any payment received from the buyer and/or seller b. sued by the seller c. subject to disciplinary action by the Real Estate C...

Real Estate 84 ch12 quiz with answers.A technical oversupply of property results when: Selected Answer: a. there are more units than potential tenants Answers: a. there are more units than potential tenants b. potential tenants are unable to afford current rents c. there are more potential tenants than units d. None of the above  Question 2 1 out of 1 points A property manager would likely be concerned with all of the following except: Selected Answer: d. local commission rates...