buyer randy makes an offer to purchase

6- What does the security and insurance clause of the listing agreement address? B. Buyer Norm just signed a purchase contract with licensee Pat. What property type will he be dealing with? 37 of 50 Which of the following economic characteristics is true? 3 of 50 Paul is filling out the Natural Hazard Disclosure Statement. 4- What do Fannie Mae and Ginnie Mae do that Freddie Mac does not? His depreciation was $2,500 per year. This broker is guilty of what prohibited activity? C. Clearly written contractor agreement must exist. Tommy asks his real estate agent to prepare a lease agreement instead of a purchase agreement now that he has decided to rent rather than buy. 8 of 10 Which disclosure is required by the Real Estate Settlement Procedures Act? What type of relationship best describes how a real estate broker represents her principal in the sale of the principal's single-family home? B. 7 of 10 Which of these forms is not filled out by the seller? 9 of 11 Lenders can charge all of the following except which fee when a borrower gets a loan? Wait until next week to send an activity report, hoping things will pick up. It never was effective since Sam had not notified Mary of the acceptance. Be a deal maker. Negotiate agreements regarding commission structuring. 50 of 50 Eric is acting as a disclosed dual agent in a transaction. If you like, you can add a message to the seller. 7 of 10 Which of the following is not a national real estate trade organization? Secure documents that are public information from the courthouse and other sources available to the public. Answer: A- Personal Check When the sellers make a counteroffer: they are accepting the original offer with changes. They have $20,000 for a down payment and assumed the sellers mortgage of $75,000. 105- Agent Alice has received an offer that she believes is not in the sellers best interest. D. Preparing flyers and promotional materials for the brokers approval. Protect Your Family From Lead In Your Home, C. The Homeowners Guide to Earthquake Safety, D. Consumer Guide to Disclosure for Buyers. 10 of 10 Assistants who are hired to work part time: C. Usually get a percentage of the commission in addition to a salary. In the past year they have referred two dozen people who have purchased flooring from New Age. Next, determine the amount to apply toward the loan origination fee and discount points; $185,000 - $2,000 - $14,500 = $168,500. 2 of 10 Offering a buyer more than one option and having him or her choose is using what kind of closing technique? B. B. What law creates an automatic lien on a commercial property, subject to the listing agreement? Entails entering into two agreements simultaneously. 4- Describe a reverse annuity mortgage. A. California: Real Estate Practice Ch5 Quiz with no answers. 7- What happens if the parties do not initial the section of dispute resolution that deals with binding arbitration? How should Jan's licensee handle the offer? A. : disclose the material relationship with the buyer on the dual agency disclosure, A man and woman sign a purchase contract, which is subsequently approved and signed by the seller. Seller Stuart calls buyer Bruce, stating that he has changed his mind and now has no intention, under any circumstance, of coming to the closing table to complete the transaction set forth in their executed contract. Will placed an ad in the most recent Home Buyers Guide. A. 1- What are the five aspects that are involved in any selling approach? 48- The public report that a developer must provide when offering subdivided lands for sale is provided by which agency? Possession date. Gross income must be based on production. D. The property is in a state fire responsibility area. Nam lacinia pulvinar tortor nec facilisis. 6- What is important for the sellers to know about a counteroffer? Tell Mike that the sellers will be upset if they cancel the appointment. 7 of 10 Which statement is not true about opening escrows? B. D. Offer something valuable to the reader. 4- What is a good method for estimating what a seller will net from the sale of the property? D. If the buyer rejects the first counteroffer, the seller can accept the first offer. B. rickey smiley and grandson videos California: Real Estate Practice Ch7 Quiz with no answers. If an item is already correct, write C on the line provided. Study the other terms of the offer so that you can maximize the offers benefits and minimize the lower price. They will have to make a very high down payment. B. Hes no longer interested in seeing the inside and Marge agrees. What kind of mortgage might they get? There is a crack in the basement wall. C. Deposit into the brokerage business account. 2 of 10 Which of the following is not a fiduciary duty an agent owes to his or her principal? Is critical to your success in real estate. 4 of 10 Which is true of an exclusive-authorization-to-acquire-property agreement? 70- Which of these items would be a credit to the buyer on the settlement statement? 6- What is the main reason sellers choose to sell their property without an agents help? She is probably using all but which of the following tools? 8 of 10 When is the first installment of property taxes due? Find a home that meets FHA requirements. A. 6- When is a lender required to terminate a borrowers private mortgage insurance? D. Make the headline bold and all caps. Executor Fred calls Agent Tom to list a vacant tract of land, instructing him to list the land for $700,000. 4 of 10 What is a good method for an assistant to keep track of the various types of files a real estate broker must have? Gross income must be based on production. Example ______ 1. east of the mississippiriver\underline{\text{mississippi river}}mississippiriver. Real Estate Transfer Disclosure Statement, C. Natural Hazard Disclosure Statement. 55- Greg is approved for a Cal-Vet loan. an opinion of value for the day of the appraisal only. In the meantime, Bill gets another offer on the property from another buyer at a higher price. D. Allows viewing access to strangers. 1.555.555.555 | frontier airlines crash history. Later that day, Kirk finds a home he likes better; so he withdraws his offer to Larry. At the end of the term, the loan balance will be negative. A. Generates leads for new listings. 3- For whom do property tax exemptions exist and for how much? C. Knocking on doors never requires special permits. 2 of 10 Which of these is not an AIDA characteristic? Their first mortgage will get paid off immediately. California: Real Estate Practice Chapter 14 Quiz with no answers. D. Is best left to experienced brokers. 31 of 50 Which of the following AIDA characteristics is the most critical in the ad? Randy gives Tom an earnest money check for $1,000 and asks Tom to hold it until June 30, regardless of the date the seller accepts the offer. 2- What are some tax benefits associated with investing? C. Exclusive-authorization-and-right-to-sell agreement. 1- What are the five aspects that are involved in any selling approach? D. Allows a broker to have as a commission anything above the minimum the seller sets. Tell the sellers exactly how she feels and why she thinks the offer is not a good one. 1 of 10 Which of the following actions by an agent would most probably upset the sellers? During this interim period, grant makes monthly rent payments and the owner accepts them. What is Gregs capital gain on the apartment? 2 of 12 Which of the following statements is not true about the Federal Reserve? 5- Under what circumstances can a loss on the sale of a personal residence be deducted from income taxes? 10 of 10 A competitive market analysis is an attempt to: A. B. of a train ride will leave the quantity demanded of train rides unchanged. Five current listings three recently sold and two expired, C. A minimum of three properties in the recently sold category. Housing and Community Development Act. 4 of 10 All of these are true of prospecting except: A. 15- Karen and Al obtained a 30-year fixed-rate, fully amortized loan when they purchased their home. Housing and Community Development Act. 98- Grant moves into his new office space while he awaits the completion of the negotiations of the lease terms. She tells them that this action could decrease their property values. 12- The second installment of property taxes comes due on: 13- Seller Jim tells his agent Branda that he does not want his home marketed to families with children. Lorem ipsum dolor sit amet, consectetur adipiscing elit. To insure loans made by approved lenders, D. To sell loans to other secondary mortgage marketers. 10 of 10 Which of these is not an exemption to fair housing law? Bob cannot do anything; it is out of his hands. 1- When is real property reassessed? 3- What signals do buyers use to indicate they may be willing to make a purchase? 21 of 50 Once signed, escrow instructions can be changed only by: 22 of 50 What is one of the major objectives of professional property management? D. The monthly payments increase overtime. It helps to identify buyer and seller needs. Checking your browser. Write a contingent counteroffer. Two months later she purchased and moved into a new home that cost $145,000. 8- What is the major difference between a CalVet loan and other loans? A. Listen carefully to everything your prospects say and repeat some specifics back at appropriate times so that they know you have heard what they said. C. I will get three new listings this month. 88- Sally and Dan must pay 2 points on their new $65,000 loan. California: Real Estate Practice Chapter 16 Quiz with no answers, 1 of 10 According to FIRPTA, what percent would a buyer who is buying the property as a personal residence need to withhold when purchasing a $200,000 home from a foreigner?. Make no recommendations and let the sellers decide on their own. Billy's agent tells him that he needs, When using the cost approach to appraise a property, the appraiser is most likely working for the, insurance company trying to obtain a replacement cost on the property. 1. She discovers that the more time passes, the more she feels frustrated by the seller's lack of cooperation. 46- A life insurance company would most likely invest in all but which of the following properties? 4- Agent Greg receives a call about one of his firms ads. 4- Whats a bonus closing and whats important to keep in mind about this technique? 57- Under federal income tax law, the basis for a personal residence is which of the following: A. The sellers want the earnest money check made payable to them instead. 1 of 10 Which of these statements is not true? On what amount will he pay capital gains tax? 6- How does a limited partnership differ from a general partnership? 1- What is an important thing to remember about listing agreements? A. Explain the method used to write good advertising. D. Reduces the monthly payment for a borrower during the initial years. What should you keep in mind when developing your marketing plans? B. Its a good idea for brokers to carry workers compensation coverage. The purchase price, plus depreciation Example 1. B. university of missouri hospital salaries 2021; port orange arrests today. Last year, about 25% of his income came from sales commissions. A. Underline the correct pronoun in parentheses in the following sentence. 9- What required disclosure is a result of Megans Law? 5 of 10 All of the following are valid listing agreements. A. The selling agent must provide the disclosure to the seller as soon as practicable prior to presenting a purchase offer. 93- Jim has created a nice property flier for the James home. In which stage of the General Adaptation Syndrome *(GAS) are bodily resources drained and stress hormones depleted? D. Offer to call the prospect when new listings that meet his or her criteria come on the market. A. 60- Seller Tom has an agreement with Broker Bill, Broker Jim and Broker Joe. 1 of 10 All of the following are good newspaper sections to read for prospecting except which? 49 of 50 Greg and Wanda Sandler purchased their home 35 years ago and it was paid off at the end of thirty years. 37- When dealing with the sale of a business, which is not a true statement? The listing price of a house is $139,900. Anasayfa; Hakkmzda. 3- An agents fiduciary responsibilities to a client usually end when the transaction closes. B. C. Emphasize that this home is a great buy and it would be a shame for them to dismiss it without looking first. 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. The broker will not provide any. 10 of 10 Which of these Internet pages might be of particular interest to sellers? What should Jake do? 36- Broker Eric secures a loan for buyer Paul. They called Wills office and told the secretary they are upset and need to speak with Will. 1- The amount that a seller takes away from a sale is termed: 2- Which of the following best describes prospecting? B. B. A. Brenda must follow all of Jims instructions. The Residential Environmental Hazards Guide, B. The purchase price, plus depreciation, B. 44 of 50 Fair Housing laws are designed to: A. C. A seller can sell his or own home and owe home and owe no commission if he or she signs an exclusive agency listing. A. A. Recommend a counteroffer back to list price. B. 6 of 10 A buyer calls your office to inquire about a property he saw advertised. Plastic dishes last a long time because they are unbreakable. dota 2 annual revenue 2020. adam foote parents. 30- Being prepared to handle incoming phone calls means all of the following except which? 65- Which of the following items is usually not prorated at closing? C. Recommend a counteroffer back to list price. 1- What is a competitive market analysis? The borrower makes payments of interest only over the term of the loan. A. D. She should persuade them to accept the offer. C. Gather listing forms for her employer. A. Lead-based paint was used in the home. A broker might need to change the layout of the office to make the aisles wider for clients in wheelchairs. 1- When preparing to present an offer to the sellers, what kinds of supporting information can be helpful? Practice exam for California Real Estate Practice Class, Answers will be revealed with the correct subscription. 6 of 10 Who typically presents an offer to the sellers? Answer a question with a question when possible. Answer: A- Write a contingent counteroffer, Which of the following statements best describes a backup offer? The broker will owe fiduciary responsibilities to the seller as well as the buyer. 29- Which of the following is not a good direct mail technique? This practice is: 24- When talking to his investment clients, Broker Adam often to tax shelters. buyer randy makes an offer to purchase 6- What is important for the sellers to know about a counteroffer? C. Find a lender who is willing to do FHA loans. 10 of 10 Agent Jim tells his buyers that the seller will leave the riding lawn mower if the buyers make an offer now. C. Payments will not be enough to retire the loan. A basis of $145,000 and a taxable gain of $3,000, C. A basis of $130,000 and a table gain of $18,000. A. Wills weekly report indicates two showings and five inquiries for the week. Their interest rate will rise after the first few years. For purposes of federal income tax, which statement is true? 83- Matt is computing the adjusted cost basis of his apartment building for income tax purposes. 100- What does the Real Estate Disclosure Law refer to? A. 1. Three days after that, the agent prepares her offer and asks the buyer to sign an agency disclosure statement stating the agent represents the seller. D. Write advertisements and promotional materials with the approval of the licensee and supervising broker. 5- If lenders intend to sell mortgages in the secondary market, what must they do? What should Elaine do? C. Is subordinate to a first mortgage. What disclosure does the salesperson owe to the buyer and seller? 1- What do you need to check if you want to conduct a door-to-door canvass in a neighborhood? B. 1 of 10 All of these questions could help you determine a prospects capacity to make a purchase except which one? A. Greg is violating the duties he owes to his new buyer. A real estate investment business organized as a trust best describes a(n), Chapter 9 - Cellular Respiration and Fermenta, flash card for the first 25 math question, Operations Management: Sustainability and Supply Chain Management, Alexander Holmes, Barbara Illowsky, Susan Dean, Calculus for Business, Economics, Life Sciences and Social Sciences, Karl E. Byleen, Michael R. Ziegler, Michae Ziegler, Raymond A. Barnett, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. 5 of 10 What would be the least effective way to get to know your buyers needs? Post by; on fulgrim vs guilliman excerpt; clubhouse baseball iphone . Course Hero is not sponsored or endorsed by any college or university. 2 of 10 How long must buyers and brokers keep the documentation on a foreign sale? 4- Describe how a property manager can receive his or her fees. What kind of closing technique is Jim using?

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