buyer randy makes an offer to purchase{ keyword }

7. Broker Alice holds an uncashed check until the offer is accepted. Anasayfa; Hakkmzda. What property type will be his specialty? Present the offer and tell the seller that the check needs to be held until June 30. itur laoreet. A basis of $148,000 and no taxable gain, B. The sellers want the earnest money check made payable to them instead. D. Arrange to meet the prospect at your office. 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. 66- When doing a listing presentation which of the following items would you not describe to the owners as being a benefit of listing with an agent? What would be a good approach for Pam to take? B. A. C. Payments will not be enough to retire the loan. 37- When dealing with the sale of a business, which is not a true statement? 12- What are grant programs typically used for? A. A buyer has obtained a mortgage in which the LTV is 95% of the first $40,000 of the sale price and 90% of the remainder of the sale price. B. 2- What is important to remember about multiple offers? What kind of mortgage are they looking for? 9 of 10 A shopping center would be primarily categorized as what type of property? buyer randy makes an offer to purchase. She would likely be required to do which of the following? C. Be sure all requested inspections have been ordered. A. 6 of 10 Which of these is an emotional reason that buyers buy property? Wait until next week to send an activity report, hoping things will pick up. C. Your plan for finding the buyer a home. California Real Estate Practice Class Questions with no Answers for Preview (ALL R.E. 18 of 50 The listing type that assures a broker that he or she will receive compensation no matter who procures the buyer is what kind of agreement? C. Find a lender who is willing to do FHA loans. 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. 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. Fusce, Explore over 16 million step-by-step answers from our library, acinia pulvinar tortor nec facilisis. A. Mike has changed jobs six times in the past six months. Give credit to all potential borrowers. 4- Explain the documentary transfer tax. During the time Sam owned the property he paid $350 per year in taxes, $150 per year on maintenance like grass cutting and $90 per year on miscellaneous expenses. 101- Which type of loan typically carries the most loan points? Giving information about a listing to prospective buyers. 7 of 10 Which of these forms is not filled out by the seller? B. C. The buyers are interested in another property. 80 feet of frontage x 160 feet of depth = 12,800 square feet allowed by local ordinance. 54- Jim and Jane are buying a home for $120,000. 6 of 10 In the listing agreement, a seller can choose to decline/disapprove all but which of the following items? 2- When establishing rapport, whats one of the best ways to get to know your buyers? Buyer Randy makes an offer to purchase one of Broker Tom's listings on June 15. B. 6- What is the ultimate result of using the Closing Disclosure form? Pellentesque dapibus efficitur laoreet. 35 of 50 Agent John just listed a home in a mid-range priced neighborhood. Which of the following would be considered an intermediate goal? 7- What does the paragraph in the listing agreement titled Entire Contract deal with? 2 of 10 A competitive market analysis contains information about all of the following items except which? B. B. 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. He says to them, "Would you prefer to take possession on September 1 or October 1?" 4- Amanda calls broker Tim to schedule a showing of one of his listings. Offer to Purchase Form - Fill Out and Sign Printable PDF Template | signNow B. Bill is purchasing a 6-family apartment building. Offer to mail the caller a set of fliers on interesting properties. 59- Which of the following is a sellers request that an agent cannot honor? They will have a number of new expenses as a result of this purchase. 7- Agent Jim needs to do a visual inspection of his listing. A. He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? Each of their payments is for the same amount. 30 of 50 After six months time, manager Tim wants to terminate the lease of one of his month-to-month tenants. 4- What do Fannie Mae and Ginnie Mae do that Freddie Mac does not? D. The interest payment is always smaller then the amount allocated to the principal. C. The builder paid a lump sum amount at closing to reduce the interest rate for a few years. 2- Who needs title insurance and why? C. Neither Sarah nor Ken can get employer-provided health insurance. Present the $208,000 offer today and wait for a response from the sellers before he presents the other offer. B. Brenda has violated the fiduciary duty of obedience to Jim. Hes no longer interested in seeing the inside and Marge agrees. C. Sharing all visitor comments two weeks before the listing ends. A. The buyers have been pre-qualified by a lender. Auteur/autrice de la publication : Post published: 16 juin 2022 Post category: aerogarden pump settings for herbs aerogarden pump settings for herbs B. 47 of 50 Which of the following would not qualify as a 1031 exchange? Seeking listings C. Seeking both buyers and sellers D. Seeking buyers for others agents' listings He paid $100,000 for it, and made $300,000 worth of improvements. 67- Hannah is a real estate assistant. 6. Later that day, Kirk finds a home he likes better; so he withdraws his offer to Larry. Which of these statements is true about the wraparound mortgage? Please remove your shoes before entering the home. 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. Buyer Randy makes an offer to purchase one of Broker Tom's listings on June 15. B. buyer randy makes an offer to purchase 9 of 10 Janet is an unlicensed assistant. 2. Answer: D- They are effectively terminating the original offer. 3 of 10 The IREM designation reserved for individuals who meet a certain level of education and experience is: 4 of 10 When setting up a rent schedule, a property manager should analyze all but which of the following? Use as little white space as possible. Department of Housing and Urban Development, C. Recorders Office in the county where the land is located. What kind of agreement is this? 10- Which disclosures are NOT required to be made when selling residential property? B. Chapter 8: QUIZ QUESTIONS Flashcards | Quizlet 3- Differentiate between mortgage brokers and mortgage bankers. 1 of 10 Broker Alice has hired several independent contractors in her firm. 4 of 10 Timeshare buyers have the right to rescind a transaction within what timeframe after signing the purchase contract? B. The purchase price, plus improvements munich latitude compared to us; pro sun tan. D. All adjustable rate mortgages have negative amortization. From the 100' frontage, subtract the 10' per side setback (100' - 20' = 80'). Have you been pre-qualified or pre-approved by a lender yet? 4- Whats a bonus closing and whats important to keep in mind about this technique? How to make a Best Offer. B. 32 of 50 Alice is an employee of Mid-State Realty Services. The purchase price, plus depreciation, B. 4- What is a good method for estimating what a seller will net from the sale of the property? 7 of 11 In which of the following types of loans is the payment allocated only to interest? 50 of 50 Eric is acting as a disclosed dual agent in a transaction. D. An exclusive listing must always be at least 30 days long. What approach can their agent take to change the sellers perception of the offer? Bill cannot contact the seller. Better yet, try to avoid deal breakers. C. The definition of handicap was expanded to include use of guide or support animals for deaf and blind individuals. 3- When making your presentation, what topics should you cover? 6- What is the main reason sellers choose to sell their property without an agents help? 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? The lender in case of the borrowers death, C. The lender against delinquent payments, D. The lender in case of the borrowers default. Tom then resells the property to the developer and pockets a $300,000 profit. I think theyre asking a fair price., C. What do you think would be a fair price?, D. The comps say that this price is right on target.. 19- Which of the following is not an advantage of hosting an open house? an opinion of value for the day of the appraisal only. 2- What is important to remember about multiple offers? C. Recommend a counteroffer back to list price. A. Greg Burns is selling his interest in his home to his wife Melanie as part of their divorce settlement. What should a licensees written employment agreement contain? 3 of 10 Jake has received two offers on one of his listings. 2- Name one advantage and one disadvantage of telephone contacts. 16 of 50 When doing research to recommend a reasonable listing price for a home, the most critical part of the research deals with analyzing: C. Listing prices of homes that expired unsold, D. Selling prices of recently sold homes. 4. 5 of 10 You should try to attach a rider strip to your For Sale sign that has: 6 of 10 If there is no interest in the property on a given week, the agent should: A. buyer randy makes an offer to purchase. 10- Whats the difference between a lease purchase and a lease option? What kinds of things should he be looking for? What does that mean? Local ordinance requires a 20-foot rear and front setback. How can you prepare your sellers for receiving offers? 8 of 10 When is the first installment of property taxes due? C. Salespersons must perform all of their activities on behalf of their employing broker. 46 of 50 Greg grew up in and lives in a rural area. B. D. A basis of $140,000 and no taxable gain. The original loan becomes subordinate to the wraparound. 7- Ben and Blanche receive a $200,000 offer on their home, which is listed at $208,000. C. Pam should recommend that they counteroffer with a price halfway between asking and offering price. 8- Why should agent Grace give her client a Combined Hazards Book? 1- What is the most important factor for a prospective homebuyer to consider in the decision to purchase? It helps to identify buyer and seller needs. C. Exclusive-authorization-and-right-to-sell agreement. The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses, Edge Reading, Writing and Language: Level C, David W. Moore, Deborah Short, Michael W. Smith. 12- What are grant programs typically used for? 1 of 10 Which of the following types of agency is not allowed in California? He asks his real estate agent if she could tell him how to go about building a house on the land. 77- Which of the following Internet pages might not be of particular interest to buyers? Her asking price was $560,000 and the property sold for $575,000. 3- In what three ways can an assistant aid an agent with appointments? Copyright - CaliforniaRealEstateExamAnswers.com - 2023 -, >Real Estate Practice Class Questions with no Answers for Preview (ALL R.E. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 1- What is escrow? 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? 8 of 10 Which of these is a free form of advertising? 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 duplex owner might need to remodel the kitchen in the rental unit to accommodate persons with disabilities. 78- Nancy bought her home last year for $425,000. C. The same amount will go towards the principal every month. 10 of 10 All of these activities are appropriate to do within the first few days of obtaining a listing except which? Jim and Jane financed the remaining $25,000 through the seller. What approach can Greg use to discourage the person from calling other agents? A secondary bid for a property that is less than the first offer D. Gross income must be based on hours worked. B. 3 of 10 A listing presentation can be compared to: 4 of 10 All of the following are benefits of listing with an agent except which? Hes very comfortable selling that type of property and knows he can work well with clients in that area. D. Send the weekly report as usual, emphasizing what your upcoming plans are for the week. 2 of 50 Residential property includes all of the following EXCEPT which? Housing and Community Development Act. 6- What is important for the sellers to know about a counteroffer? 31 of 50 Which of the following AIDA characteristics is the most critical in the ad? How long does he have to file a complaint with the Department of Housing and Urban Development? 8- Which section of the purchase agreement does not apply directly to the buyers and sellers? 2 of 10 Developing a prospecting plan is similar to: 3 of 10 Which of the following is not a legal notice that can provide a listing lead? 9 of 10 An agent must give a copy of the listing agreement to the sellers: A. California: Real Estate Practice Sample of Final Course Exam. D. The UCC is a body of law that standardizes a number of business practices. Step 2. 12- What does TRID require of lenders? C. Real Estate Settlement and Procedures Act. He succeeds in setting up an appointment to meet with the caller. A. C. Have keys made for company listings. B. Enumerate the homes special features and hope they change their minds. A. 1- What are the five aspects that are involved in any selling approach? 9- What required disclosure is a result of Megans Law? B. 5- When must a licensee provide an agency disclosure to a prospective client? What should Tom do? When You Should Make a Purchase Offer - The Balance You had a 9% loss. 9- What is the basic purpose of Truth in Lending Regulation Z? Which statement is true? Tom violated the law by not providing notice of information that would affect Fred, When a broker received an unexpected bill, he deposited a client's earnest money check into his personal account to cover the expense. 5. This best describes. The interest rate will increase gradually over time. Rate of return is computed by dividing the annual net income by the rate of return. C. The fair market value at the time of sale 4- How is property management seen as a risk to investing? C. It creates an agency relationship. If Broker Tom procures a buyer for Jack, Tom will get the commission and Alice will not. A. 3- What is the major difference between an exclusive-authorization-and-right-to-sell listing and an exclusive-agency listing? What would we call Hannah? "What would you like to offer?" D. The owner has 45 days to file a change in ownership statement. 52- Which statement is true about a listing contract? At the end of the term, the loan balance will be negative. D. Will conducted an agent open house last week that was attended by 25 agents. buyer randy makes an offer to purchase - pet-anneve.com buyer randy makes an offer to purchase Whoever brings the buyer will get the commission. How much did Sam gain or lose on the sale? Present the offer and tell the seller that the check needs to be held until June 30. This is not true of which duty? 7 of 10 When the broker and seller agree that the broker can receive commission for a specified number of days after the listing expires if selling to a named party on a list, its referred to by what term? kennesaw state football depth chart; 2022617 buyer randy makes an offer to purchase 6 of 10 A broker induces an owner to sell by telling him that Hispanics are moving into the neighborhood. buyer randy makes an offer to purchase - nubblesitesolutions.com Once you've found an item you want to buy that accepts Best Offers, here's how to make your offer: Choose Make Offer. What would you say about Alexs actions? 4 of 10 Which is true of an exclusive-authorization-to-acquire-property agreement? 8- What do you call those items that have been incurred by the seller but not paid, and how will they be handled on the settlement statement? Write a contingent counteroffer. A. 1- How much is the loan origination fee and what does it cover? 7- Ben and Blanche receive a $200,000 offer on their home, which is listed at $208,000. To learn more about the real estate business, D. To make more money than a real estate agent. The sellers want the earnest money check made payable to them instead. 38- When using the straight-line method of depreciation, each year of economic age is given a rate that, A. Varies each year according to a table provided by the IRS, B. This is not true of which duty? 9- Define a purchase money mortgage. During this interim period, grant makes monthly rent payments and the owner accepts them. D. Offer to call the prospect when new listings that meet his or her criteria come on the market. Be a deal maker. D. Ken and Sarah both must be at the office from 9 a.m. to 5 p.m. 35- Who benefits from Private Mortgage Insurance? C. I will get three new listings this month. 4- What are the major areas of newspaper leads? 6- According to California real estate law, how often must a broker balance his or her trust accounts? buyer randy makes an offer to purchase 3- An agents fiduciary responsibilities to a client usually end when the transaction closes. B. A net listing is illegal in all states. The borrowers family in case of his or her death, B. ", Answer: A- "What would you like to offer? 8- When does a purchase offer become a legal contract? Start in the room with the best features. 7 of 10 If a broker receives a deposit check with a purchase contract, which of these is he not allowed to do? What should Bill do? 9 of 10 When you believe an offer is both fair and reasonable but it does not meet the sellers asking price, you should: A. 41 of 50 What was the important ruling in Jones v. Mayer? Decide which offer is best and present that one. D. A lender can continue to collect PMI payments until the homeowners equity reaches 25%. 3- For whom do property tax exemptions exist and for how much? Harry has some buyers that he believes are ready to make an offer. Several weeks later, Agent Tom becomes aware of a developer who would pay as much as $1,000,000 for the property. She can do all of the following except which? C. If Larry verbally accepted the offer, Kirk is bound by it. C. Allow indoor pets to leave their designated area. 7- If an item is paid for in advance by the seller, how will it be handled on the settlement statement? "Let's make a low ball offer?" B. Which is true? 43 of 50 Which one of these statements would not be considered a measurable goal? D. Discrimination on the basis of race is strictly prohibited, meaning no exceptions whatsoever.

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