escrow money must be passed back to the buyer. Present the offer and tell the seller that the check needs to be held until June 30. itur laoreet. 2- When establishing rapport, whats one of the best ways to get to know your buyers? You can make a Best Offer on listings that have a Make Offer button. C. Your plan for finding the buyer a home. D. The interest payment is always smaller then the amount allocated to the principal. 2 of 10 Offering a buyer more than one option and having him or her choose is using what kind of closing technique? 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. Real Estate Transfer Disclosure Statement, C. Natural Hazard Disclosure Statement. residential transactions financed by federally related mortgage loans. The value of the property the borrower wants to purchase, D. The neighborhood in which the property is located. What does that mean? Point out that the roof is not leaking despite its age. 5 of 10 Which of these is not a true statement? 4 of 10 Which of the following is NOT a condition of the safe harbor test? D. Whether or not the licensees attend staff meetings. A. I will complete the GRI certification in the next four years. However, she believes the sellers will not be willing to accept the offering price. Answer: C- A secondary bid for a property that the seller will accept if the first offer fails. 10 of 10 Which of these is not an exemption to fair housing law? Each of their payments is for the same amount. 4 of 10 Which of the following would be the least desirable phone handling technique? A broker might need to change the layout of the office to make the aisles wider for clients in wheelchairs. He succeeds in setting up an appointment to meet with the caller. 8- When does a purchase offer become a legal contract? If a seller is in a multiple offer situation, how do you determine the best offer? five letter words with l; jaiswal surname caste; pros and cons of herzberg theory; sechrest funeral home obituaries; curious george stuffed animal 1975; cornerstone staffing application 0 D. A shopping center might have to remodel their public restrooms. wigan warriors west stand chef buddy microwave egg cooker instructions; telemundo la casa de los famosos en vivo 41 of 50 What was the important ruling in Jones v. Mayer? D. Is permissible in amounts under $50. \end{array} Attend weekly staff meetings at the office. 6 of 10 Which of the following statements is not true? Tell the buyer about the other offer and urge the buyer to skip the attorney. A. Ken is responsible for his own taxes, while the broker pays Sarahs. 6. D. Once the offer or counteroffer is accepted and the offeror has been notified, a legal contract is formed. Sexta, 26 de novembro de 2021 . Next, calculate the points charged; $168,500 x 0.02 = $3,370. You bought if for the listing price plus 10% and sold it for the listing price. Wait until next week to send an activity report, hoping things will pick up. 26 of 50 Veteran Bill has applied and been approved for a non-VA-guaranteed CalVet loan. Lenders are in the best position to qualify buyers. 93- Jim has created a nice property flier for the James home. C. A counteroffer can give the buyers an out if they want one. A. 99- All exclusive listing agreements must have, C. A list of personal property included in the sale. 5- Why is it important for the buyers to indicate whether or not they intend to occupy the property? 9 of 10 Agent Paul is bound to inform his client of all facts that might affect the clients interests both what Paul knows and what he should have known. Which of these situations would not be something Paul should know? C. Real Estate Settlement and Procedures Act. 31- Patrick has a written independent contractor agreement with his broker Tami. Sam asks Bob what the price is. 8- What is an important issue for potential buyer clients to understand? 10 of 10 The cost of doing direct mail advertising depends on all of these things except which? Fill out a separate, numbered counteroffer form. Authors Channel Summit. B. 3 of 10 When must a listing agent present the Disclosure Regarding Real Estate Agency Relationships to the seller? A. Set up a face-to-face meeting with the sellers as soon as possible. 4- Amanda calls broker Tim to schedule a showing of one of his listings. 1 of 10 Which of these statements is not true? In the past year they have referred two dozen people who have purchased flooring from New Age. Buyer Randy makes an offer to purchase one of Broker Tom's listings on June 15. Offer to mail the caller a set of fliers on interesting properties. In addition to agent and MLS home tours, what are some other ancillary tools you can use? 3- For whom do property tax exemptions exist and for how much? What kind of closing technique is Harry using? 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. D. I will distribute 200 business cards every month for the next six months. 9 of 10 How can a seller lessen the tax impact of selling a home for enough profit that he or she will be boosted to a much higher tax bracket? Gross income must be based on production. Answer: B- Encourage the buyer to get the attorney to review it quickly. They were counting on a full-price offer and are very disappointed. 1- When is an agency relationship created? Which law extended discrimination to include handicap and familial status? 103- Kirk and Sandy obtained a wraparound mortgage. C. Consider child support payments in the decision. Allows quick repayment of the loan through accelerated payments. 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? Follow the below steps to write a solid purchase agreement: Step 1 - Buyer and Seller Details. D. The advertiser must prove he was grandfathered in as a licensee. C. Classified ads placed on the property, D. Number of hits on the company website. A secondary bid for a property that is for more than the first offer If Broker Tom procures a buyer for Jack, Tom will get the commission and Alice will not. 12 of 50 The manager of a large hotel refuses to rent a room to a blind person with a guide dog. Sam accepts the offer and executes the contract on March 1, a Sunday. B. B. B. 3- When making your presentation, what topics should you cover? buyer randy makes an offer to purchase. 2. Mary makes an offer to purchase a duplex from Sam. 6- List four sections of an Internet website that might be of particular appeal to prospective buyers. Is depreciation accounted for by a hospital? 11- What is a public report and when must it be provided? B. In fact, the meter's location is dictated by the town building codes; what could happen to Rob? D. The monthly payments increase overtime. 1. What should Tim do next? 3 of 10 Homeowners can deduct all but which of the following from their income taxes? 6 of 10 Which booklet is not part of the Combined Hazards Book? Agent Sally tries to match her clients with neighborhoods that have similar cultural and racial backgrounds. Skip the activity report for that week. A. Salesperson Harry can solicit his own listings. 6- What is the Real Estate Transfer Disclosure Statement and who is responsible for providing it? 10 of 10 Assistants who are hired to work part time: C. Usually get a percentage of the commission in addition to a salary. C. The loan term will extend gradually over time. Licensee Pat was in transit to the cooperating licensee's office with the offer. D. Is best left to experienced brokers. 2. The buyer was responsible for making the discovery, so Pam is therefore liable. Maximize the return to the property management firm. When should the agent have disclosed this fact? $6,740 B. Exclusive-authorization-and-right-to-sell agreement. D. The selling agent must provide the disclosure to the buyer as soon as practicable prior to the execution of the buyers offer to purchase. B. buyer randy makes an offer to purchase. 7. List the details of all parties involved. 38 of 50 What is the primary role of Fannie Mae? 3- What is the difference between CLTA and ALTA policies? What do you need to remember about making phone calls to potential clients? California: Real Estate Practice Ch4 Quiz with no answers, answers will be revealed with proper subscription. A. C. Real estate can respond quickly to changes in the market. What should Jake do? 4 of 50 Seller Kim tells her agent Greg that she would be willing to accept $185,000 on her $205,000 listed home. 8 of 10 When is the first installment of property taxes due? There are no offers on the property during the 6-month listing period and the listing expires. B. Annualinspectioncosts$155,000Annualcostofscrapmaterials286,000Annualreworkcost34,679Annualcostofqualitytraining456,000Annualwarrantycost1,546,000Annualtestingcost543,000\begin{array}{lr} : The Commission could suspend or revoke Rob's license. 6- What does the security and insurance clause of the listing agreement address? 1 of 10 When you receive an offer on a listing for less than asking price, you should not: A. A. Who would be exempt under New Jersey fair housing law? 57- Under federal income tax law, the basis for a personal residence is which of the following: A. 4- What items are not covered by any title insurance policy? Nam risus ante, dapibus a molestie consequat, ultrices ac magna. 3- When handling a telephone inquiry, why should you limit the amount of information you give out about the property? They will owe a balloon payment at the end of the loan term. This type of action might be viewed as: Buyer Frank has just signed a sales contract for a 2 million dollar property. A. Yes, there was a contract when the seller mailed the offer, If, upon receipt of an offer to purchase under certain terms, the seller makes a counteroffer, the prospective buyer is. 7 of 10 If a broker receives a deposit check with a purchase contract, which of these is he not allowed to do? 27- Mr. and Mrs. Haley are purchasing beachfront property in an upscale development. 1 of 10 Which of the following actions by an agent would most probably upset the sellers? They called Wills office and told the secretary they are upset and need to speak with Will. 9 of 12 When a lender is evaluating a buyers ability to repay a loan, the lender looks at all of these items except which one? Which statement is true? Covers more than one piece of property. A. Who will pay the points? mejores programas bases de datos. 3- In what three ways can an assistant aid an agent with appointments? Which of the following statements is not true? Rule F-21 Hikayemiz; Misyon & Vizyon; Kalite Politikamz; Sertifikalarmz; ISPM-15 aretleme zin Duyuru; Sosyal Sorumluluk; Hizmetlerimiz 7 of 10 Which document shows the assets and liabilities of a business? Tell the buyer to submit the offer first and then take a copy to the attorney to review. 84- Four years ago, Sam purchased a vacant lot for $10,000. A. Her asking price was $560,000 and the property sold for $575,000. In the meantime, Bill gets another offer on the property from another buyer at a higher price. C. Do you need the equity from your current home for the new home purchase? 9- What required disclosure is a result of Megans Law? 9- What is the basic purpose of Truth in Lending Regulation Z? 4- Agent Greg receives a call about one of his firms ads. Broker Bob has a listing with Sam Seller and calls Sam to tell him Bob has received an offer from a buyer. 2- What is floor time and why is it important? 1. California: Real Estate Practice Ch3 Quiz with no answers. 33- Which statement is true about a loan that has a negative amortization? Jim and Jane financed the remaining $25,000 through the seller. B. B. Brenda has violated the fiduciary duty of obedience to Jim. D. All adjustable rate mortgages have negative amortization. He must withdraw his representation of one of the parties. Q: Buyer Randy makes an offer to purchase one of Broker Tom's listings on June 15. castilian drive, los angeles. Buyer Randy makes an offer to purchase one of Broker Tom's listings on June 15. D. Tim and Gail have qualified for an FHA loan. 3- In what three ways can an assistant aid an agent with appointments? 76- Mark believes he has been discriminated against during his home search. Which term is the process of joining several parcels of land into one larger parcel? 16 juin 2022 why do babies clap their feet. A. John offers weekly training seminars. C. It must specify a definite termination date. C. I will get three new listings this month. 3 of 11 Which loan covers the period of time between the end of one mortgage and the beginning of another? Give an example of a specific short-term goal. 4 of 10 All of these are true of prospecting except: A. 3- An agents fiduciary responsibilities to a client usually end when the transaction closes. What will they have to pay at closing for the points? To insure loans made by approved lenders, D. To sell loans to other secondary mortgage marketers. B. She can do all of the following except which? A counteroffer by a seller to a buyer turns the seller from offeree to offeror. The difference between what Sara owes and what her home is worth is known as what? B. C. Giving buyers your opinion of what works best for them. The borrower makes payments of interest only over the term of the loan. 2- What kind of problem can result from a straight loan? 3 of 10 How long must trust account records be kept? C. Tell them that this home is an exceptional buy and encourage them to look anyway. 1- What do you need to check if you want to conduct a door-to-door canvass in a neighborhood? ", Answer: A- "What would you like to offer? 2 of 10 When can a landlord enter a tenants property to make repairs or show it? C. Is not necessary if the verbal presentation is strong. B. 2 of 10 Which lender typically deals in interim financing? Step 2. What should Elaine do? What kind of mortgage might they get? A. The purchase price, plus improvements, C. The fair market value at the time of sale. B. Jim Sharp is purchasing his fathers home. B. B. The seller accepts the offer by signing it, puts the accepted offer in an envelope addressed to the buyer, and places it in a U.S. mailbox. I do not know (who\underline{\text{who}}who, whom) the guest speaker will be. What property type will he be dealing with? D. All adjustable rate mortgages have negative amortization. Discourage Sam from accepting an offer so far below Sam's asking price. Possession date. 4- What are the major areas of newspaper leads? If you like, you can add a message to the seller. What is Gregs capital gain on the apartment? B. Explain. D. Amanda smiles at Jim when she sees the whirlpool tub. What kind of closing technique is Jim using? Give housing choices to the widest range of people. buyer randy makes an offer to purchase buyer randy makes an offer to purchase. 62- When agent Hal shows a home he should never: A. They were counting on a full-price offer and are very disappointed. A. Greg is violating the duties he owes to his new buyer. \text { Annual warranty cost } & 1,546,000 \\ Ordinary china is very fragile. Use as little white space as possible. 28- Abby applies for a federally-related loan to purchase a home. D. Broker Tom has only limited responsibility for the actions of his licensees. 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. Code Violations and Tax Delinquencies. If a buyer has given the broker a signal that the buyer is ready to make an offer, what should the broker do to get the buyer to make the offer? B. buyer randy makes an offer to purchasewhy do my fingertips smell like garlic PB Nitom Blog . 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? 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 Which is not a true statement about the Americans with Disabilities Act? The following table lists all costs of quality incurred by Sam's Surf Shop last year. A. Generates leads for new listings. 8- What is important for a broker to remember about the Foreign Investment in Real Property Tax Act? It can provide a steady stream of future clients. AnnualinspectioncostsAnnualcostofscrapmaterialsAnnualreworkcostAnnualcostofqualitytrainingAnnualwarrantycostAnnualtestingcost$155,000286,00034,679456,0001,546,000543,000. 20- Which of the following would not be an essential component when researching the purchase of an apartment building? He succeeds in setting up an appointment to meet with the caller. The lender must furnish a copy of the CFPB booklet to Abby no later than the third business day from which date? B. Sandy and Bill are putting 30% down on their home purchase. What are some important tips for home tours? 8 of 50 Buyer Kirk submits an offer to seller Larry. D. Exert pressure on the sellers to include something the other party wants. 91- This paragraph of the purchase agreements informs the seller of the buyers right to inspect the property and can cancel or request maintenance based on findings. D. Preparing flyers and promotional materials for the brokers approval. 2- When looking at homes currently for sale, what is important for a prospective seller to know about asking price? A. A. 8- Which section of the purchase agreement does not apply directly to the buyers and sellers? What is the body of law that governs negotiable instruments? 6- What is the main reason sellers choose to sell their property without an agents help? 3 of 10 Sara just bought her first new home. 8- What actions does a lender take to sell a mortgage in the secondary market? B. The Haleys want to get a mortgage that will cover the purchase price plus all the furnishings. Pellentesque dapibus efficitur laoreet. 4 of 10 An unlicensed person engages in advertising that conveys the clear impression that he is a licensed real estate broker or is an officer or employee of a corporation who knowingly advertises a false statement concerning any land or subdivision. Pellentesque dapibus efficitur laoreet. D. This action is deliberate misrepresentation. B. Pleases the sellers by inv=creasing activity. 49- Agent Dan tells his buyers that the seller will leave the washer and dryer if the buyers make an offer now. 2 of 10 Which of these is not a good technique to get the name of a caller who is reluctant to give you that information? A. Jake is getting a VA loan with no down payment. C. Emphasize that this home is a great buy and it would be a shame for them to dismiss it without looking first. Answer: C- Try to get Sam to accept the offer. A. Youll know how much house they can afford. The price elasticity of demand for 7- What are the capital gains exclusions associated with the sale of a personal residence? B. 2- Explain the difference between the primary and secondary mortgage markets. 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- Name one advantage and one disadvantage of telephone contacts. C. Ask the caller when not if he or she wants to see the property. 8 of 10 Which kind of listing gives one broker the right to sell, but allows the owner to sell the property and not owe a commission to the broker? 9 of 10 A person who believes he or she has been discriminated against has how long from the time of the alleged violation to file a suit in a state or federal court? You can use a reverse telephone directory to get the names of residents. D. Arrange to meet the prospect at your office. The other 75% came from an hourly wage paid by Tami. D. The appraised value prior to sale What is the status of the contract between Sam and Mary? During this interim period, grant makes monthly rent payments and the owner accepts them. C. An apartment manager might be required to allow a tenant with a disability to widen a doorway. What should Tom do? C. Refuse to accept the offer and check. 3- What signals do buyers use to indicate they may be willing to make a purchase?
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