buyer randy makes an offer to purchase

how to type spanish accents on chromebook keyboard; one way process of communication; 47 brand franchise fitted hats; ncaa softball coaches' salaries 2019; albert pujols home run record; 5- How do life insurance companies get involved in the investment market? 5 of 10 When all members have unlimited liability for debts and obligations of the group, the organization is a: 6 of 10 What is the foremost reason people invest in property? 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? D. Administers special assistance programs. A. A. A. 77- Which of the following Internet pages might not be of particular interest to buyers? 8 of 10 What does the paragraph on repairs state? 2 of 12 Which of the following statements is not true about the Federal Reserve? B. B. Write a counteroffer. Sets a limit on the commission a broker can earn. What kind of a mortgage do they have? Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 3. C. Real Estate Settlement and Procedures Act. The following table lists all costs of quality incurred by Sam's Surf Shop last year. 1- What is a competitive market analysis? Secure documents that are public information from the courthouse and other sources available to the public. A. B. B. 1 of 10 Which Fair Housing Law added sex to the list of protected classes? Instead, Bob terminates the relationship with Mary. What is the major difference between an employee and an independent contractor? 17 of 50 Kathy is a personal assistant at Action Realty. 2 of 10 Offering a buyer more than one option and having him or her choose is using what kind of closing technique? 6- List four sections of an Internet website that might be of particular appeal to prospective buyers. A. Salesperson Harry can solicit his own listings. 10 of 10 Agent Jim tells his buyers that the seller will leave the riding lawn mower if the buyers make an offer now. 6 of 10 Which of the following is not an item that a buyer usually pays at closing? Give housing choices to the widest range of people. 5- When must a licensee provide an agency disclosure to a prospective client? is 0.4. Answer: C- 10% of the sales contract offer, What is the suggested response when a buyer asks "Do you think the seller will come down on the price?" Information on current loan programs. Copyright - CaliforniaRealEstateExamAnswers.com - 2023 -, >Real Estate Practice Class Questions with no Answers for Preview (ALL R.E. B. What economic factors affect the real estate market as well as other goods and services? To learn more about the real estate business, D. To make more money than a real estate agent. 10. 4 of 10 Which of the following is NOT a condition of the safe harbor test? 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? C. If the selling agent does not deal directly with the seller, the selling agent is not required to provide the disclosure. B. 7- Ben and Blanche receive a $200,000 offer on their home, which is listed at $208,000. B. C. Analyzing the income potential of the property. D. Have the broker send a thank you for listing letter to the sellers. A. rickey smiley and grandson videos Broker Alice holds an uncashed check until the offer is accepted. Bob cannot do anything; it is out of his hands. Pellentesque dapibus efficitur laoreet. 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? If you like, you can add a message to the seller. B. Deposit the check into his trust fund account on the next business day. 8- Why should agent Grace give her client a Combined Hazards Book? A. 5- What does the safety clause in the listing agreement do? Rule F-1. He just sold it for $13,000. At the time the agent presents an offer. The offer with the highest price that is the most likely to close B. Pleases the sellers by inv=creasing activity. D. Magazine ads are significantly more expensive than newspaper ads. The appraised value is $86,500; 80% of that amount is $69,200 ($86,500 x 0.80). The original loan becomes subordinate to the wraparound. B. What would we call Hannah? 3- What is a good approach to use when contacting the owner of an expired listing? Solved Randy and his real estate agent, Bob, enter into a - Chegg D. Gross income must be based on hours worked. 4 of 50 Seller Kim tells her agent Greg that she would be willing to accept $185,000 on her $205,000 listed home. During a phone call, a salesperson discusses showing a property to a prospect. B. A. Pam should tell them to reject the offer so that the buyers will counter back with full price. 6- Whats important to know about the Liquidated Damages paragraph? B. 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 is important to remember about multiple offers? They will owe a balloon payment at the end of the loan term. You bought if for the listing price plus 10% and sold it for the listing price. B. Which of the following statements is true? An agent should print off a copy of the listing on the companys Internet site to send to the sellers. 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. Find a home that meets FHA requirements. 8- What actions does a lender take to sell a mortgage in the secondary market? C. Accept commissions from referral agents. A. A. Lead-based paint was used in the home. Buys conventional, FHA and VA loans. D. Goals must be realistic if you hope to accomplish them. What are the buyer's costs on a $185,000 sale if the lender charges a 2% loan origination fee and 2 points? 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. C. Gather listing forms for her employer. 9- What required disclosure is a result of Megans Law? They agree on a price and both parties execute the contract. 1- What is an important thing to remember about listing agreements? The purchase price, plus improvements, C. The fair market value at the time of sale. However, she believes the sellers will not be willing to accept the offering price. A. Before completing the form, discuss the following important points with the home seller: Price. 8- What is important for a broker to remember about the Foreign Investment in Real Property Tax Act? Most likely, what did they get? C. Greg has violated the duty of confidentiality to Kim. D. Send the weekly report as usual, emphasizing what your upcoming plans are for the week. What should Tim do next? of a train ride will leave the quantity demanded of train rides unchanged. B. C. Refuse to accept the offer and check. The interest rate will increase gradually over time. 44- Jim owns a gift shop in a commercial building. D. Broker Gina puts $150 into her trust account. A. 8- What does the Water Heater Statement of Compliance address? buyer randy makes an offer to purchase. Buyer Randy makes an offer to purchase one of Broker Tom's listings on June 15. 81- Jake has decided to specialize in working with clients who purchase schools. 31- Patrick has a written independent contractor agreement with his broker Tami. 3 of 10 Which of the following would be an example of a licensee specializing in business type? California: Real Estate Practice Ch4 Quiz with no answers, answers will be revealed with proper subscription. He sold the building for $1,000,000 and paid $60,000 in commission to the broker. 4. 5- When must a licensee provide an agency disclosure to a prospective client? D. Interest rates are typically fixed rate. A. 33- Which statement is true about a loan that has a negative amortization? 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. California: Real Estate Practice Ch12 Quiz with no answers. B. Exclusive-authorization-and-right-to-sell agreement. What is Gregs capital gain on the apartment? Enter your offer. 21- Which form of advertising is considered the most cost-effective method for selling a home? You had a 9% loss. D. Their lender can profit from the difference in interest rates. An assistant should never be left with the task of taking photos of a new listing. When Bill pulls in front of the home, Linda decides immediately that she doesnt want to see the inside. What do you need to remember about making phone calls to potential clients? 40- Which of the following phrases should Salesperson Brenda avoid when writing an advertisement for one of her listings? A. B. They made $50,000 of improvements. Documents showing your affiliations with real estate organizations. Give as much detailed information about the property as you can. D. Reduces the monthly payment for a borrower during the initial years. A. Bob Broker represents Sam Seller. 3- What are the three general responsibilities of a property manager? Elaine parks across the street from the home and Mike is disappointed by what he sees. The sales agent should: Write a counteroffer stipulating the sellers' request At time of license renewal, what is the renewal charge for a salespersons license? 6- When is a lender required to terminate a borrowers private mortgage insurance? 5 of 10 Which of the following is not a source of information for professional ethics codes? "What would you like to offer?" 6 of 10 A broker induces an owner to sell by telling him that Hispanics are moving into the neighborhood. B. Jim Sharp is purchasing his fathers home. First, determine the amount by which the first $40,000 is reduced; $40,000 x 0.05 = $2,000 (100% - 95% = 5% not covered). Click the "Allow" button. 50 of 50 Eric is acting as a disclosed dual agent in a transaction. Their interest rate will rise after the first few years. Jim has decided to specialize in what area of real estate? 2- What is important to remember about multiple offers? Auteur/autrice de la publication : Post published: 16 juin 2022 Post category: aerogarden pump settings for herbs aerogarden pump settings for herbs Discourage Sam from accepting an offer so far below Sam's asking price. For purposes of federal income tax, which statement is true? What would be a good approach for Pam to take? It took effect when Sam accepted Mary's offer. Next, determine the remainder of the loan; $185,000 - $40,000 = $145,000. buyer randy makes an offer to purchase - cspconlutas.org.br B. B. A. C. Can perform some real estate activities without a license. 2 of 10 How long must buyers and brokers keep the documentation on a foreign sale? 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? 6 of 10 How often can a tenant call his or her own professional to make repairs and then deduct the amount from the next months rent? Practice exam for California Real Estate Practice Class, Answers will be revealed with the correct subscription. What are members of NAR required to do? B. B. 2- What types of office administration tasks are important for a licensed assistant to perform? D. Employee status versus independent contractor status is an IRS issue. What should agent Phil do? Senior housing for residents 62 or older, B. A buyer wants to take the offer to an attorney to review it. Only needs to be done periodically. D. This action is deliberate misrepresentation. This form is the first step in any real estate deal. In order to supplement their fixed income, the Sandlers receive monthly checks from their bank. 7- Name three benefits of listing a home with an agent that you could share with sellers. When should the agent have disclosed this fact? Allows quick repayment of the loan through accelerated payments. 8. 4 of 10 Which of the following would be the least desirable phone handling technique? He asks his real estate agent if she could tell him how to go about building a house on the land. B. 1- What is important to know about unlicensed real estate assistants? B. This broker is guilty of what prohibited activity? Answer: D- Return the money to buyer Norm. AnnualinspectioncostsAnnualcostofscrapmaterialsAnnualreworkcostAnnualcostofqualitytrainingAnnualwarrantycostAnnualtestingcost$155,000286,00034,679456,0001,546,000543,000. If the terms offered by the Buyer are acceptable to the Seller, the Seller signs the Offer Form to begin the sale. 7- What is the difference between an FHA loan and a VA loan? 5- Under what circumstances can a loss on the sale of a personal residence be deducted from income taxes? Retain the check for use with a future sales contract offer. D. An exclusive listing must always be at least 30 days long. 8 of 10 A lease that has no time limit is an: 9 of 10 Which of the following represents an intangible business asset? C. Tangible assets transferred in the sale include inventory, fixtures and equipment. D. The appraised value prior to sale 7- What is the difference between an FHA loan and a VA loan? Q: Buyer Randy makes an offer to purchase one of Broker Tom's listings on June 15. D. There is a loan protection plan included with the loan. 3 of 10 When must a listing agent present the Disclosure Regarding Real Estate Agency Relationships to the seller? Nam lacinia pulvinar tortor nec facilisis. C. Giving buyers your opinion of what works best for them. Pellentesque dapibus efficitur laoreet. 12- What are grant programs typically used for? His depreciation was $2,500 per year. Broker John puts $500 into his trust account. A. A. 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. The homebuyer, on the other hand, is hoping the transaction will close because the home is in A-1 condition and perfect. 4 of 11 Which of these is also called a contract for deed? 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. 102- What is the minimum period of time over which the owner of a commercial building can depreciate the improvements? 1- What do you need to check if you want to conduct a door-to-door canvass in a neighborhood? 8- When considering making a loan to a borrower, which of the following factors would probably exert the least amount of influence on the lender? Tip: to find a certain word or key term, press at the same time, the buttons: California: Real Estate Practice Ch1 Quiz with no answers, Answers will be revealed with proper subscription. B. Pam is not liable since it was summer and the heating problem was not obvious. \end{array} In the meantime, Bill gets another offer on the property from another buyer at a higher price. Answer: C- Ask the buyer if the buyer would like to make an offer taking the roof age into account. 33 of 50 Sal bought a personal residence for $150,000. Tell Linda that the sellers will be very disappointed if they cancel the appointment. Which of the following statements is not true? 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? Which of these expenses is not associated with owning a home? A. CSP-Conlutas Central Sindical e Popular . C. Sharing all visitor comments two weeks before the listing ends. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. 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. California: Real Estate Practice Ch3 Quiz with no answers. 5 of 10 RESPA applies to all of the following EXCEPT which? An open listing is an exclusive contract. 7 of 10 Which of the following is not a national real estate trade organization? California: Real Estate Practice Ch8 Quiz with no answers. C. Johns office has a selection of books, CDs and tapes for agent use. 52- Which statement is true about a listing contract? A. 4- What are the major areas of newspaper leads? 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. A broker may require licensees to carry high levels of automobile insurance. 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. : The Commission could suspend or revoke Rob's license. 43 Offer To Purchase Real Estate Templates (& Letters) C. Moving closer to the agent to get a better look. 8 of 10 Which of the following is a good direct mail technique? 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? Her asking price was $560,000 and the property sold for $575,000. 6- What is the main reason sellers choose to sell their property without an agents help? 8- When studying the characteristics of an area in which an investment property is located, what factors should the investor look at carefully? A. Free Purchase Agreement | PDF & Word | Legal Templates Who is responsible for removing the lien to clear the title? 7 of 10 Which of these is not a good thing to do when writing a counteroffer? 7 of 50 Glenna and Amanda just bought their first home. Harry has some buyers that he believes are ready to make an offer. 2- When looking at homes currently for sale, what is important for a prospective seller to know about asking price? 35 of 50 Agent John just listed a home in a mid-range priced neighborhood. A. What kind of mortgage are they looking for? Give an example of a specific short-term goal. A secondary bid for a property from the same buyer. 5 of 10 All of these would be effective at capturing a readers attention except which? Bob Broker represents Mary Buyer. Find solutions. If the loan is for $68,000, what will Mark be assessed in points? C. Maintaining the office filing system. What should Tim do next? Rule F-21 The sales agent should: Write a counteroffer stipulating the sellers' request. 3- Differentiate between mortgage brokers and mortgage bankers. Each of their payments is for the same amount. What kind of closing technique is Harry using? C. Print postage labels from your computer. Department of Housing and Urban Development, C. Recorders Office in the county where the land is located. 49- Agent Dan tells his buyers that the seller will leave the washer and dryer if the buyers make an offer now. 3- What is the difference between CLTA and ALTA policies? B. 10 of 10 When a tenant agrees to pay all taxes, insurance, maintenance and repairs, that tenant has what kind of lease? 57- Under federal income tax law, the basis for a personal residence is which of the following: A. D. Supply cannot be moved to a high demand area. 5 of 50 Jane has been working with some buyers for several weeks. A. Private mortgage insurance is available for FHA loans. 3. 105- Agent Alice has received an offer that she believes is not in the sellers best interest. If a seller is in a multiple offer situation, how do you determine the best offer? It became a contingent contract when Sam accepted Mary's offer. Tommy Gee encounters an owner of a property who has no equity in the home because of a sharp decline in market values. lumberton man killed; guggenheim annuity rates. Mary makes an offer to purchase a duplex from Sam. 55- Greg is approved for a Cal-Vet loan. 23- Jonestown Community Bank refuses to lend money to potential homeowners trying to purchase property in the predominantly Asian neighborhood on the west end of town. Answer: C- A secondary bid for a property that the seller will accept if the first offer fails. 3- In what three ways can an assistant aid an agent with appointments? Offer to mail the caller a set of fliers on interesting properties. Two weeks before the close of seller Jan's property, buyer Sam makes an offer. 1 of 10 Which figure represents the amount of income available as a return to an investor? 10 of 10 Which of these is not an exemption to fair housing law? What should Bill do? Which of these ad headlines would probably be the least effective for this home? 98- Grant moves into his new office space while he awaits the completion of the negotiations of the lease terms. Gross income must be based on production. He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? A. Youll know how much house they can afford. yellowbrick scholarship reviews. A duplex owner might need to remodel the kitchen in the rental unit to accommodate persons with disabilities. 1 of 10 What kind of lease contains a recapture clause? Before the sale can get finalized, the owner would require you to first meet certain conditions. B. What should Alice do? 10 of 10 Most sellers object to offers based on: 1- When preparing to present an offer to the sellers, what kinds of supporting information can be helpful? Find things in the home a seller needs to repair. 47- Which of the following duties is not a permitted activity for an unlicensed personal assistant? D. Offer something valuable to the reader. 7- Agent Jim needs to do a visual inspection of his listing. 5- Why is it important for the buyers to indicate whether or not they intend to occupy the property? Now you have the numbers to plug into the loss formula; Percent of Loss = Loss / Cost or $13,990 / $153,890 = 0.0909. 8 of 10 Which statement is true about a real estate assistant? 6- What is the Real Estate Transfer Disclosure Statement and who is responsible for providing it? 5 of 11 Which of these statements is true about a CalVet loan? This would be the maximum the purchaser would be permitted to borrow. 9 of 11 Lenders can charge all of the following except which fee when a borrower gets a loan? C. Sellers are apt to choose qualified buyers over ones who have not been qualified. A. C. Once you set a goal you should never change it. 6 of 10 A buyer calls your office to inquire about a property he saw advertised. Ordinary china is very fragile. buyer randy makes an offer to purchase D. Provides the names of individuals who may want to sell inherited property. 12,800 square feet \text { Annual warranty cost } & 1,546,000 \\ Certain homeowners may qualify for a $10,000 exemption. 1- How much is the loan origination fee and what does it cover? Which is true? What California Fair Housing law has the manager violated? Negotiate agreements regarding commission structuring. A. C. A broker is not responsible for the acts of independent contractors. 4- Amanda calls broker Tim to schedule a showing of one of his listings. What is important to remember about capturing the readers attention? castilian drive, los angeles. 3- A property manager can refuse to rent to applicant Mike for any of the following reasons except which? Virtual tours are a very expensive marketing tool to use. D. Once escrow instructions are signed, changes can only be made with the written agreement of all parties. What is the key feature of this type of loan? buyer randy makes an offer to purchase - fridarestaurant.com What does that mean? California: Real Estate Practice Ch11 Quiz with no answers. A. Mary wants to terminate the contract. A broker may advertise that he or she is an escrow agent. 78- Nancy bought her home last year for $425,000. Where is it that he likely found out the property was for sale? 6- According to California real estate law, how often must a broker balance his or her trust accounts? 38 of 50 What is the primary role of Fannie Mae? The sellers want the earnest money check made payable to them instead. Answer: D- They are effectively terminating the original offer. Several weeks later, Agent Tom becomes aware of a developer who would pay as much as $1,000,000 for the property. 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. D. Chris is a buyer's agent. 84- Four years ago, Sam purchased a vacant lot for $10,000. buyer randy makes an offer to purchase. 3- What is the major difference between an exclusive-authorization-and-right-to-sell listing and an exclusive-agency listing? 7- What makes up a mortgage? \text { Annual cost of quality training } & 456,000 \\ In fact, the meter's location is dictated by the town building codes; what could happen to Rob? The offer with the highest price The offer that has the shortest closing date, Answer: B- The offer with the highest price that is the most likely to close. Pellentesque dapibus efficitur laoreet. 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? 65- Which of the following items is usually not prorated at closing? Hes no longer interested in seeing the inside and Marge agrees. She thinks they are really interested in one particular property, but when she approaches them about it, the buyer says, The price is too high. What would be a good response to that comment? A. There . A. 95- Who is liable for the withholding on the sale of a property owned by a foreigner? C. Real Estate Settlement and Procedures Act. 6- What does the security and insurance clause of the listing agreement address? D. Discrimination on the basis of race is strictly prohibited, meaning no exceptions whatsoever. A. Jake is getting a VA loan with no down payment. C. Consider child support payments in the decision.

Old Dominion Brad Tursi Wife, Is Dumpster Diving Illegal In San Antonio, Texas 2020, Articles B