The value of the property the borrower wants to purchase, D. The neighborhood in which the property is located. 7 of 10 Bill and Brenda bought their home for $150,000 seven years ago and have lived in it ever since. Lorem ipsum dolor sit amet, consectetur adipiscing elit. A. D. All adjustable rate mortgages have negative amortization. Buyer Amanda asks if she can measure the windows to see if her current drapes will fit. 11- What is a public report and when must it be provided? C. It creates an agency relationship. C. The buyers and sellers agents will sign the escrow instructions. B. 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? 15 of 50 Agent Will has had a listing with the Bryants for 6 weeks. Answer a question with a question when possible. C. Refuse to accept the offer and check. 7 of 10 Most buyers who see a newspaper ad that interests them: 8 of 10 Which of the following is not an advantage of home ownership? 40 of 50 Which of the following Internet pages might not be of particular interest to buyers? 2- What exception exists to the duty of obedience when working with a client? C. Find a lender who is willing to do FHA loans. 5 of 10 What would be the least effective way to get to know your buyers needs? 3. "Yes, let's offer $10,000 less than the asking price. 3- An agents fiduciary responsibilities to a client usually end when the transaction closes. Sharon and Steve have just taken a second mortgage on their home. B. 4- What items are not covered by any title insurance policy? D. Chris is a buyer's agent. 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. 4- Amanda calls broker Tim to schedule a showing of one of his listings. 8. 78- Nancy bought her home last year for $425,000. A broker might need to change the layout of the office to make the aisles wider for clients in wheelchairs. escrow money must be passed back to the buyer. The following table lists all costs of quality incurred by Sam's Surf Shop last year. Course Hero is not sponsored or endorsed by any college or university. B. 5. 14 of 50 The title report on a property shows there is a lien on the property. 6 of 10 Which booklet is not part of the Combined Hazards Book? 5 of 10 Which of the following would not be a reason to choose to be an assistant? 8 of 10 Which disclosure is required by the Real Estate Settlement Procedures Act? dota 2 annual revenue 2020. adam foote parents. When a home seller accepts a purchase offer, the seller is hoping the buyer will complete the transaction at the agreed-on price and believes there is nothing wrong with the condition of the home. C. Clearly written contractor agreement must exist. D. The buyers love the landscaping improvements the sellers have made. Before completing the form, discuss the following important points with the home seller: Price. She sold the property and several months later the buyer sued Pam for not disclosing the problem. Answer: A- No, Bob Should have submitted the offer. The ordinance also requires a 10-foot side set back. Buyers make an offer to purchase property and to place $1000.00 earnest money into their broker's trust account. 6 of 10 Which of the following is not a true statement? 13 of 50 What is the most common reason that owners try to sell their homes themselves? What percent of loss did you have? Offers To Purchase Real Estate 43 Offer To Purchase Real Estate Templates (& Letters) As a potential buyer for a house, you would make an offer on paper to the owner of your intentions. 8 of 10 Which of these marketing tools is not considered a traditional tool? Seeking buyers for your listings 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?. A. 9- Which California Fair Housing Law Prohibits discrimination based on sexual orientation of source of income? California: Real Estate Practice Ch12 Quiz with no answers. Department of Housing and Urban Development, C. Recorders Office in the county where the land is located. What economic factors affect the real estate market as well as other goods and services? Select Review offer. B. C. Allow indoor pets to leave their designated area. How to make a Best Offer. He asks, Which one of the children gets the basement bedroom with the private entrance? What kind of closing technique is Tim using? D. The date Abby makes the request to receive the booklet. \text { Annual rework cost } & 34,679 \\ Virtual tours are a very expensive marketing tool to use. Study the other terms of the offer so that you can maximize the offers benefits and minimize the lower price. Mary learns that Sam is selling only half of the duplex. Prices of properties currently on the market, C. Properties that were listed but did not sell. 6- What is the Real Estate Transfer Disclosure Statement and who is responsible for providing it? A. C. Ask the caller when not if he or she wants to see the property. A. 1- What is a competitive market analysis? 49- Agent Dan tells his buyers that the seller will leave the washer and dryer if the buyers make an offer now. What is Gregs capital gain on the apartment? Giving information about a listing to prospective buyers. A. 8- What is important for a broker to remember about the Foreign Investment in Real Property Tax Act? Fusce, Explore over 16 million step-by-step answers from our library, acinia pulvinar tortor nec facilisis. D. Kirks offer to Larry is legally cancelled. A. A. D. Magazine ads are significantly more expensive than newspaper ads. buyer randy makes an offer to purchase. D. The first and second mortgage will be rolled into one. Executor Fred calls Agent Tom to list a vacant tract of land, instructing him to list the land for $700,000. C. Broker Harry deposits $1000 into his brokerage business account. 4- Why is coordinating escrow so important and how can an assistant help? 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. Code Violations and Tax Delinquencies. Suggest that the buyer look at a different house. 90- Marsha has been keeping track of the effectiveness of her advertising campaigns. A. Kirk doesnt have the right to withdraw the offer so soon. D. Gross income must be based on hours worked. Which of these actions might have caused their upset? 21- Which form of advertising is considered the most cost-effective method for selling a home? The borrower gives the lender a note and a mortgage in exchange for the funds. He has put up $50,000 in preferred stock as earnest money. A. B. C. Make up some statistics to share with the Bowers. Ask the caller if he or she would like to receive e-mails on newly listed properties. 74- Which statement is not true about an agency relationship? C. Shows property addresses that should be excluded from prospecting. 6- What items can an owner of an income-producing property deduct that an owner of a personal residence cannot? 11- What are the penalties for violating Regulation Z? B. FSBO sellers believe they will save money if they sell themselves. Bob cannot do anything; it is out of his hands. The loan will be distributed to them gradually. C. If Bill pays off the loan early, there will be no prepayment penalty. 2. lumberton man killed; guggenheim annuity rates. C. They can make payments directly to the original lender. 1 of 10 Which of these statements is not true? C. A borrower can request the cancellation of PMI payments when the equity reaches 20% of the appraised value. C. Exclusive-authorization-and-right-to-sell. 1 of 10 Which Fair Housing Law added sex to the list of protected classes? 3 of 11 Which loan covers the period of time between the end of one mortgage and the beginning of another? Answer: D- It was never effective since Sam had not notified Mary of the acceptance. 7 of 10 Which document shows the assets and liabilities of a business? 6 of 10 In the listing agreement, a seller can choose to decline/disapprove all but which of the following items? 1- When is an agency relationship created? Sending cards and newsletters is a good way to keep in contact with clients and prospects. Bob writes the offer but is too embarrassed to submit it. They will owe a balloon payment at the end of the loan term. C. Clearly written contractor agreement must exist. B. One day later. Try to get Sam to accept the offer. Could be a violation of state licensing laws. A. The salesperson entered into a buyer-broker contract with her brother. 9 of 10 A shopping center would be primarily categorized as what type of property? B. $5,500 the first year, plus a maximum 2% increase in market value per year, B. C. There is a 6-month pre-payment penalty for paying off the loan early. D. Tim and Gail have qualified for an FHA loan. Tell the buyer to submit the offer first and then take a copy to the attorney to review. A purchase offer is a binding contract between the buyer, the seller and their agents. 8 of 12 Fannie Mae does all of the following activities except which? Tell the buyer about the other offer and urge the buyer to skip the attorney. Broker John puts $500 into his trust account. Pellentesque dapibus efficitur laoreet. 96- Which statement is not true about a listing contract? A net listing is illegal in all states. B. 6 of 10 A broker induces an owner to sell by telling him that Hispanics are moving into the neighborhood. A. Mike has changed jobs six times in the past six months. 5- Why is it important for the buyers to indicate whether or not they intend to occupy the property? 4 of 10 All of these are true of prospecting except: A. 6- What is important for the sellers to know about a counteroffer? What property type will be his specialty? B. He paid $100,000 for it, and made $300,000 worth of improvements. The offer with the highest price that is the most likely to close New Age purchased a new coffee maker the office was in need of. Buyer Randy makes an offer to purchase one of Broker Tom's listings on June 15. Next, determine the remainder of the loan; $185,000 - $40,000 = $145,000. A. I will complete the GRI certification in the next four years. 8- What does the Water Heater Statement of Compliance address? During this interim period, grant makes monthly rent payments and the owner accepts them. A. D. The advertiser must prove he was grandfathered in as a licensee. mejores programas bases de datos. 8- What actions does a lender take to sell a mortgage in the secondary market? 10 of 10 All of these activities are appropriate to do within the first few days of obtaining a listing except which? Sunday afternoon, Mary is driving around and finds a property she likes better. A. 1- How much is the loan origination fee and what does it cover? 10- Which of the following prospecting techniques do you have to use carefully because it has tended to upset people in recent years? A rental condominium for a recreational vehicle. 56- Which is not a true statement about the Agency Disclosure? 76- Mark believes he has been discriminated against during his home search. List the details of all parties involved. He refuses to rent the other unit to families with children. Sets a limit on the commission a broker can earn. 3 of 50 Paul is filling out the Natural Hazard Disclosure Statement. 3- For whom do property tax exemptions exist and for how much? Buyers looking at FSBO homes are usually looking for a bargain. Display lots of family photos to impress potential buyers. What should Tim do next? The owner has 30 days to notify the county assessor. D. Discrimination on the basis of race is strictly prohibited, meaning no exceptions whatsoever. They will have to make a very high down payment. fairbanks ice dogs standings . 75- All but which of the following is NOT an AIDA feature? D. Goals must be realistic if you hope to accomplish them. C. Neither Sarah nor Ken can get employer-provided health insurance. B. 100 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?