Information on current loan programs. B. Buys conventional, FHA and VA loans. 7- What is the difference between an FHA loan and a VA loan? C. Eric may not represent the sellers interests to the detriment of the buyer. What must Tim do? 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 B. Minimize expenses while maximizing profits for the owner. 5- Your listing presentation manual should be made up of two sections that address what issues? What economic factors affect the real estate market as well as other goods and services? D. Once the offer or counteroffer is accepted and the offeror has been notified, a legal contract is formed. Broker Ashley has been working for a seller for the past seven months. 88- Sally and Dan must pay 2 points on their new $65,000 loan. 2- What is important to remember about multiple offers? C. Consider child support payments in the decision. Maximize the return to the property management firm. 10 of 10 Which of these is not an exemption to fair housing law? B. FSBO sellers believe they will save money if they sell themselves. Which of the following would be considered an intermediate goal? A. John offers weekly training seminars. What would you say about Sallys behavior? The lender in case of the borrowers death, C. The lender against delinquent payments, D. The lender in case of the borrowers default. \end{array} 2 of 50 Residential property includes all of the following EXCEPT which? 4- Why is coordinating escrow so important and how can an assistant help? 87- What information can you gather from the newspaper to help develop a Prospecting Plan? 11- What is a public report and when must it be provided? A. A. The definition of race was expanded to include ancestry. 5- What kind of newspaper ad could you place to solicit a listing? You had a 9% loss. Present the higher-priced offer first. 2- Describe an open listing. He just sold it for $13,000. Person must be properly licensed. Please remove your shoes before entering the home. What should Tom do? This broker is guilty of what prohibited activity? A. Kirk doesnt have the right to withdraw the offer so soon. In this case, multiply the monthly income ($600) by 12. What law creates an automatic lien on a commercial property, subject to the listing agreement? They were counting on a full-price offer and are very disappointed. Tell the sellers exactly how she feels and why she thinks the offer is not a good one. 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. Broker Tom has only limited responsibility for the actions of his licensees. whether the property's buildings encroach on neighboring land, A right that goes along with the ownership of real property is, Plants and trees cultivated for harvest best describes. Q: Buyer Randy makes an offer to purchase one of Broker Tom's listings on June 15. Last year, about 25% of his income came from sales commissions. D. The interest payment is always smaller then the amount allocated to the principal. 5- How do life insurance companies get involved in the investment market? Launch into your list of the homes special features and hope she changes her mind. 4 of 11 Which of these is also called a contract for deed? What should Bob advise Sam? Entails entering into two agreements simultaneously. Nam lacinia pulvinar tortor nec facilisis. 8 of 10 Which of the following will give you comparative market data the fastest? C. When you have 200 names in your contact database. How much do you have in your savings account? C. The builder paid a lump sum amount at closing to reduce the interest rate for a few years. California: Real Estate Practice Chapter 15 Quiz with no answers. Bill is purchasing a 6-family apartment building. This is not true of which duty? D. Have the broker send a thank you for listing letter to the sellers. 1. 6- What does the security and insurance clause of the listing agreement address? 7 of 10 Which of the following is not a national real estate trade organization? C. Write and sign commission checks to salespersons. What would you say about Alexs actions? 38 of 50 What is the primary role of Fannie Mae? Two weeks before the close of seller Jan's property, buyer Sam makes an offer. The couple now has. A. 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? Suggest to the sellers that their listing price is too high. 2- Explain the difference between the primary and secondary mortgage markets. A. California Real Estate Practice Class Questions with no Answers for Preview (ALL R.E. castilian drive, los angeles. Facebook Instagram. buyer randy makes an offer to purchasei miss you text art copy and paste. A. Harry has some buyers that he believes are ready to make an offer. 5- Your listing presentation manual should be made up of two sections that address what issues? A counteroffer by a seller to a buyer turns the seller from offeree to offeror. What should you keep in mind when developing your marketing plans? 3- What kinds of limits are placed on the interest rate in an adjustable rate mortgage? What is important to remember about capturing the readers attention? Start in the room with the best features. C. Print postage labels from your computer. What is Gregs capital gain on the apartment? 10 of 10 The cost of doing direct mail advertising depends on all of these things except which? D. Is best left to experienced brokers. B. 59- Which of the following is a sellers request that an agent cannot honor? 4 of 10 Once an offer has been accepted, the agent should do all of the following except which? 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? 5 of 10 Alice has decided that she will specialize in selling farm land. 3 of 11 Which loan covers the period of time between the end of one mortgage and the beginning of another? D. Make the headline bold and all caps. 39 of 50 Prospects Mike and Marge arrive with agent Elaine at a showing. 4 of 10 Which of the following would be the least desirable phone handling technique? The sales agent should: Write a counteroffer stipulating the sellers' request. A secondary bid for a property from the same buyer. D. Broker Gina puts $150 into her trust account. Three days later, the agent shows the property; at that time the customer reveals her financial abilities and motivation. Which statement is TRUE? Seeking listings C. Seeking both buyers and sellers D. Seeking buyers for others agents' listings They called Wills office and told the secretary they are upset and need to speak with Will. 24 of 50 Tim thinks his buyers are ready to make an offer. is 0.4. Underline the correct pronoun in parentheses in the following sentence. Which of the following statements is not true? 7- What makes up a mortgage? A. 3- What is the difference between CLTA and ALTA policies? California: Real Estate Practice Chapter 14 Quiz with no answers. California: Real Estate Practice Ch11 Quiz with no answers. From whom may a salesperson receive compensation for performed activities? sam neill laura tingle split California: Real Estate Practice Ch8 Quiz with no answers. buyer randy makes an offer to purchase. 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. C. The definition of handicap was expanded to include use of guide or support animals for deaf and blind individuals. 5 of 50 Jane has been working with some buyers for several weeks. Who would be exempt under New Jersey fair housing law? D. Buyers of FSBO homes are usually the ones who save money. D. The owner has 45 days to file a change in ownership statement. Randy gives Tom an earnest money check f Randy gives Tom an earnest money check f Q: according to the law governing mortgage loan brokers what is the maximum commission Broker Dan can charge for securing a Sending cards and newsletters is a good way to keep in contact with clients and prospects. B. B. What kind of closing technique is Jim using? A. Bob Broker represents Mary Buyer. 50 of 50 Eric is acting as a disclosed dual agent in a transaction. D. Allows viewing access to strangers. (Who, Whom) has been selected as the team captain? 51- Which statement is true about a homeowners exemption? D. Written escrow instructions must include a statement with the brokers name, indicating he or she is a licensed real estate agent. 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? Which term is the process of joining several parcels of land into one larger parcel? 8 of 10 Which disclosure is required by the Real Estate Settlement Procedures Act? C. Mike has been late with his rent payments seven times in the past year, D. He had a serious physical altercation with his downstairs neighbor. The offer that has the shortest closing date, Answer: B- The offer with the highest price that is the most likely to close. Is equal for each year over the life of the property, C. Is high during the first five years of the ownership period, then reduces gradually over the life of the property, D. Varies according to the expired life of the improvements made to the property. 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. Broker compensation to other brokers. Secure documents that are public information from the courthouse and other sources available to the public. 30- Being prepared to handle incoming phone calls means all of the following except which? A. I will complete the GRI certification in the next four years. They will have a number of new expenses as a result of this purchase. Buyer Jim asks if he can visit the property for a second time. D. All repairs must be in compliance with existing building codes. 3 of 10 Which paragraph of the purchase agreement states that if the buyer defaults after acceptance, he or she may be liable for the brokers commission? C. Be sure all requested inspections have been ordered. 16 juin 2022 why do babies clap their feet. It never was effective since Sam had not notified Mary of the acceptance. Where is it that he likely found out the property was for sale? 6 of 10 Who typically presents an offer to the sellers? 1- What is an important thing to remember about listing agreements? 10- Which disclosures are NOT required to be made when selling residential property? He sounds really excited about this property.
buyer randy makes an offer to purchase
4716 W. Continental Dr.
Glendale, AZ 85308