buyer randy makes an offer to purchasedirty wedding limericks

5- If lenders intend to sell mortgages in the secondary market, what must they do? Covers more than one piece of property. C. Bake muffins or cinnamon rolls to create a homey feel. The difference between what Sara owes and what her home is worth is known as what? D. If the buyer rejects the first counteroffer, the seller can accept the first offer. B. I will do two practice listing presentations per week with an experienced agent for the next two months. 6 of 10 In the listing agreement, a seller can choose to decline/disapprove all but which of the following items? A. D. The lender assumes Tim and Sues income will rise over the first few years of the loan. There is nothing that can offset this problem. B. 10 of 11 Mark gets a home loan and the lender will charge him 3 points at closing. Protect Your Family From Lead In Your Home, C. The Homeowners Guide to Earthquake Safety, D. Consumer Guide to Disclosure for Buyers. C. Clearly written contractor agreement must exist. The borrowers family in case of his or her death, B. B. C. Emphasize that this home is a great buy and it would be a shame for them to dismiss it without looking first. A buyer mails an offer to an out-of-town seller. Give $250 to the buyer and $250 to the seller. C. The date the lender receives her application. A. Pam should tell them to reject the offer so that the buyers will counter back with full price. B. D. The UCC is a body of law that standardizes a number of business practices. A. They made $50,000 of improvements. Prior to bringing an offer to purchase. She tells them that this action could decrease their property values. Ordinary china is very fragile. 10 of 10 Which of these individuals could not act as an escrow agent without an escrow license? Broker Alice holds an uncashed check until the offer is accepted. 6- What is the Real Estate Transfer Disclosure Statement and who is responsible for providing it? 1. This is not true of which duty? 2. A. Greg Burns is selling his interest in his home to his wife Melanie as part of their divorce settlement. Which of the following is true, if you are licensed as a referral agent? 62- When agent Hal shows a home he should never: A. B. B. A. What is the major difference between an employee and an independent contractor? 9 of 10 An agent must give a copy of the listing agreement to the sellers: A. The interest rate will increase gradually over time. D. Discrimination on the basis of race is strictly prohibited, meaning no exceptions whatsoever. 30- Being prepared to handle incoming phone calls means all of the following except which? First, determine what you originally paid for the house: $139,900 x 1.10 (100% + 10% = 110% or 1.10) = $153,890. 6 of 10 Which of the following is not a probable reason for a listing to expire without selling? 2- What types of office administration tasks are important for a licensed assistant to perform? Display lots of family photos to impress potential buyers. B. 17 of 50 Kathy is a personal assistant at Action Realty. Tell Mike that the sellers will be upset if they cancel the appointment. A religious organization providing housing to members only, C. The sale of a single-family home by an owner who owns five residences, D. Rental of a unit in an owner-occupied four-family flat. Use as little white space as possible. Click the "Allow" button. Which statement is TRUE? D. Must start out as a part-time employee. The appraised value is $86,500; 80% of that amount is $69,200 ($86,500 x 0.80). 1 of 10 All of these questions could help you determine a prospects capacity to make a purchase except which one? What is this called? 10 of 50 There has been very little interest in the Bowers home this past week. Practice exam for California Real Estate Practice Class, Answers will be revealed with the correct subscription. If a seller is in a multiple offer situation, how do you determine the best offer? The buyer must pay the broker a commission. How does ALTA-R differ from ALTA? C. Have keys made for company listings. Which of the following statements is true? Have you been pre-qualified or pre-approved by a lender yet? 3- When preparing a competitive market analysis, what categories of homes should an agent research? 3- When preparing a competitive market analysis, what categories of homes should an agent research? If the loan value is 80%, and the property was appraised at $86,500 and sold for $88,000, how much would the purchaser be permitted to borrow? A. 4- What is the agreement that a broker can enter into with a buyer? What property type will he be dealing with? They will have to make a very high down payment. D. All adjustable rate mortgages have negative amortization. What should Bill do? 6 of 12 The maximum commission amount a mortgage loan broker can charge on a second mortgage loan of 3 years for $18,000 is what? 6- What is the Real Estate Transfer Disclosure Statement and who is responsible for providing it? 97- Buyer Randy makes an offer to purchase one of Broker Toms listings on June 15. The lender gives a mortgage to the borrower and gets funds in exchange. C. Greg has violated the duty of confidentiality to Kim. C. Do you need the equity from your current home for the new home purchase? Buys pools of mortgages in exchange for mortgage-backed securities. B. 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?. Present the $200,000 first and recommend rejection. B. 6 of 10 Which of the following statements is not true? (Who, Whom) has been selected as the team captain? 8 of 10 Which statement is true about a real estate assistant? What will the new owners pay in property taxes? Step 2. C. The borrower pays a fixed rate of interest. 9 of 10 A reference list of alternative comparable properties is sometimes referred to as the: 10 of 10 Prospects Jim and Linda arrive with agent Bill at the first showing. 15- Karen and Al obtained a 30-year fixed-rate, fully amortized loan when they purchased their home. 2 of 10 Assistants who are asked to be available for tasks in the field rather than in the office are referred to as: 3 of 10 Which of these items on a resume accompanying an application for an assistants position should be kept brief? A rental property has a return rate of 8%. Present the offer and tell the seller that the check needs to be held until June 30. Jim has decided that he will learn all he can about the new subdivisions at the west end of town. mejores programas bases de datos. The selling agent must provide the disclosure to the seller as soon as practicable prior to presenting a purchase offer. PRACTICE QUESTIONS), >CALIFORNIA REAL ESTATE PRACTICE PRELICENSE CLASS, >CALIFORNIA LEGAL ASPECTS OF REAL ESTATE PRELICENSE CLASS, >ALL Questions with Answers for ALL 3 PreLicense Classes Guides on 1 page, >ALL Real Estate Practice Class Questions with Answers & most with Explanations. 88- Sally and Dan must pay 2 points on their new $65,000 loan. A counteroffer represents a rejection of an offer. An agent should print off a copy of the listing on the companys Internet site to send to the sellers. Which of these statements is true about the wraparound mortgage? Which is a true statement? Find a home that meets FHA requirements. Follow the below steps to write a solid purchase agreement: Step 1 - Buyer and Seller Details. 8 of 50 Buyer Kirk submits an offer to seller Larry. 7 of 10 Bill and Brenda bought their home for $150,000 seven years ago and have lived in it ever since. 4- Amanda calls broker Tim to schedule a showing of one of his listings. 6 of 10 Which of the following is not a true statement? Bob Broker brings Sam Seller an offer with a higher price than the existing contract Sam has with another buyer. 4- Why is it important to talk to the sellers about the buyers? The Haleys want to get a mortgage that will cover the purchase price plus all the furnishings. A. At time of license renewal, what is the renewal charge for a salespersons license? 5 of 10 Which of these statements is not true about qualifying buyers? 2- Who needs title insurance and why? 49 of 50 Greg and Wanda Sandler purchased their home 35 years ago and it was paid off at the end of thirty years. D. Their lender can profit from the difference in interest rates. What kind of closing technique is Jim using? What is important to remember about capturing the readers attention? 3- What is the difference between CLTA and ALTA policies? Which of these forms of advertising is she most likely to avoid? The price elasticity of demand for 7- What happens if the parties do not initial the section of dispute resolution that deals with binding arbitration? Write a counteroffer. At the time the agreement is signed. Select Review offer. 3 of 10 Sara just bought her first new home. Please remove your shoes before entering the home. Secure documents that are public information from the courthouse and other sources available to the public. What should Bob advise Sam? 2. B. Alice knows everything about the exclusive east side neighborhoods. Salesperson Sally tells her senior citizen buyers that the home they want to view is located in a neighborhood with several small children and loud teenagers. What is the body of law that governs negotiable instruments? From the 100' frontage, subtract the 10' per side setback (100' - 20' = 80'). C. Accept commissions from referral agents. 2 of 10 Which is not a true statement about the Americans with Disabilities Act? 4- Why is it important to talk to the sellers about the buyers? D. Have the prospects sign the disclosure about agency relationship. A secondary bid for a property from the same buyer. What is meant by the term sphere of influence? 8- What is an important issue for potential buyer clients to understand? 8 of 12 Fannie Mae does all of the following activities except which? Decide which offer is best and present that one. 10 of 10 Which of these is not an exemption to fair housing law? 6 of 10 A broker induces an owner to sell by telling him that Hispanics are moving into the neighborhood. They sold the home for $450,000 and paid $30,000 in selling expenses, including the brokers commission. A. What should a licensees written employment agreement contain? 8. What should Tom do? B. 10 of 10 If an agent does not comply with the requirement of conducting a visual inspection of a property, how long after possession does the buyer have to file a suit? 3- What are the three general responsibilities of a property manager? D. Is permissible in amounts under $50. Buys conventional, FHA and VA loans. \text { Annual rework cost } & 34,679 \\ B. Maximize the return to the property management firm. Mortgage brokers do not lend money. Example ______ 1. east of the mississippiriver\underline{\text{mississippi river}}mississippiriver. 1 of 10 What form can an agent use to show a seller what he or she will net on the sale of the property? Present the offer and tell the seller that the check needs to be held until June 30. itur laoreet. 47 of 50 Which of the following would not qualify as a 1031 exchange? 7- What makes up a mortgage? 43- The Equal Credit Opportunity Act (ECOA) requires lenders to: A. C. Insurance agents dealing with customers. 65- Which of the following items is usually not prorated at closing? 48 of 50 Which of these lenders would be the least likely to lend money for an investor to purchase an apartment building? B. Broker Bob has a listing with Sam Seller and calls Sam to tell him Bob has received an offer from a buyer. The borrower gives the lender a note and a mortgage in exchange for the funds. D. The advertiser must prove he was grandfathered in as a licensee. C. I will get three new listings this month. buyer randy makes an offer to purchase. 7- Ben and Blanche receive a $200,000 offer on their home, which is listed at $208,000. C. Participation in the MLS increases a licensees inventory. 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. 6 of 10 Which of the following is not an item that a buyer usually pays at closing? The lender must furnish a copy of the CFPB booklet to Abby no later than the third business day from which date? 10- Which of the following prospecting techniques do you have to use carefully because it has tended to upset people in recent years? 38 of 50 What is the primary role of Fannie Mae? 2 of 10 Which of these statements is true? B. D. Tim and Gail have qualified for an FHA loan. C. The definition of handicap was expanded to include use of guide or support animals for deaf and blind individuals. 4. C. An offer or counteroffer can be withdrawn at any time before it has been accepted. 5- What kind of newspaper ad could you place to solicit a listing? C. The seller can do all repairs himself. C. Neither Sarah nor Ken can get employer-provided health insurance. The property is in an area that could flood. Answer: B- Licensee Fred should take the offer to the seller and determine if the escrow deposit is acceptable. 2- What exception exists to the duty of obedience when working with a client? 4- Describe a reverse annuity mortgage. Find solutions. "Let's make a low ball offer?" C. Is subordinate to a first mortgage. A duplex owner might need to remodel the kitchen in the rental unit to accommodate persons with disabilities. 8- What actions does a lender take to sell a mortgage in the secondary market? 1 of 10 Broker Alice has hired several independent contractors in her firm. Buyers make an offer to purchase property and to place $1000.00 earnest money into their broker's trust account. How long does he have to file a complaint with the Department of Housing and Urban Development? 8- Why is it important to have a written prospecting plan? C. An assistant can keep track of the progress of activities during escrow. Answer: C- Try to get Sam to accept the offer. Which of the following activities would she not be authorized to perform? C. Real estate can respond quickly to changes in the market. She sold the property and several months later the buyer sued Pam for not disclosing the problem. 8- When does a purchase offer become a legal contract? A. Ken is responsible for his own taxes, while the broker pays Sarahs. 1 of 10 Which figure represents the amount of income available as a return to an investor? 11- Greg and Joyce purchased a home from the builder who offered to pay $5,000 at closing as an incentive to get them to buy. 60- Seller Tom has an agreement with Broker Bill, Broker Jim and Broker Joe. Installation of central air conditioning, D. Addition of a tenant laundry facility. A. 35 of 50 Agent John just listed a home in a mid-range priced neighborhood. 7 of 10 Which document shows the assets and liabilities of a business? 3 of 10 What kind of ad usually combines both institutional and product advertising? Who is responsible for removing the lien to clear the title? 1- What are the five aspects that are involved in any selling approach?

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