buyer randy makes an offer to purchase buyer randy makes an offer to purchase

8 of 10 Which of these statements about counteroffers is not true? How to Write a Purchase Agreement? 6 of 10 A broker induces an owner to sell by telling him that Hispanics are moving into the neighborhood. Deposit the check into his trust fund account on the next business day. Most likely, what did they get? 4. A. Jim specializes in clients who want to buy restaurants. Enter your offer. B. C. FSBO sellers who list with an agent will pay their own advertising costs. Go back to the buyer's agent and try to get the offer higher. 4- Why is coordinating escrow so important and how can an assistant help? 8- Why is it important to have a written prospecting plan? D. Chris is a buyer's agent. How much do you have in your savings account? What is Gregs capital gain on the apartment? 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. Giving information about a listing to prospective buyers. 1 of 10 Which Fair Housing Law added sex to the list of protected classes? 1- How much is the loan origination fee and what does it cover? D. Amanda smiles at Jim when she sees the whirlpool tub. Discourage Sam from accepting an offer so far below Sam's asking price. Sam asks Bob what the price is. 4- Amanda calls broker Tim to schedule a showing of one of his listings. Later that day, Kirk finds a home he likes better; so he withdraws his offer to Larry. The price elasticity of demand for What kind of a mortgage do they have? 10- What is the right to rescind and what is not covered by this rule? Give the sellers a copy of some homeowners tips. 12,800 square feet He succeeds in setting up an appointment to meet with the caller. 6- How does a limited partnership differ from a general partnership? 5- What actions can the sellers take regarding the purchase offer? 8- What does the Water Heater Statement of Compliance address? List the details of all parties involved. A. A. 5- When must a licensee provide an agency disclosure to a prospective client? 9- What is the basic purpose of Truth in Lending Regulation Z? 6 of 10 Which of the following statements is not true? $5,600 every year, with no increase, C. $5,750 the first year, plus a maximum 2% increase in market value per year, D. $5,750, plus a maximum 1% increase in market value per year. 4. 3 of 50 Paul is filling out the Natural Hazard Disclosure Statement. The check that accompanies the salesperson license application must be for what amount? B. In the past year they have referred two dozen people who have purchased flooring from New Age. 10- Which of the following prospecting techniques do you have to use carefully because it has tended to upset people in recent years? Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 6- What is the ultimate result of using the Closing Disclosure form? Now, calculate how much you lost: $153,890 - $139,900 = $13,990. D. The property is in a state fire responsibility area. 106- If broker Tim advertises a property for sale that he doesnt intend to sell so that he can attract potential buyers, Tim is practicing: >Real Estate Practice Class Questions with no Answers for 1- When is an agency relationship created? Use the yes-but technique to handle the objection. 8- What is an important issue for potential buyer clients to understand? 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. What are the buyer's costs on a $185,000 sale if the lender charges a 2% loan origination fee and 2 points? 1 of 10 Broker Alice has hired several independent contractors in her firm. D. Gross income must be based on hours worked. 4- Describe a reverse annuity mortgage. 1 of 50 Which of the following newspaper information is not helpful in developing a Prospecting Plan? \text { Annual rework cost } & 34,679 \\ What is this agreement called? B. D. Erics broker should appoint Eric as the designated agent in this transaction. 86- Which of the following is not considered a benefit of investing in real estate? 10 of 10 Which of the following statements is not true about a net listing? D. Supply cannot be moved to a high demand area. D. Is permissible in amounts under $50. B. D. Tim and Gail have qualified for an FHA loan. Which law extended discrimination to include handicap and familial status? 1 of 10 When you receive an offer on a listing for less than asking price, you should not: A. 48 of 50 Which of these lenders would be the least likely to lend money for an investor to purchase an apartment building? Click the "Allow" button. 7 of 10 Which of these forms is not filled out by the seller? 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. California: Real Estate Practice Chapter 18 Quiz with no answers. Will placed an ad in the most recent Home Buyers Guide. 6- What is the Real Estate Transfer Disclosure Statement and who is responsible for providing it? 1- What is important to know about unlicensed real estate assistants? What should agent Phil do? 58- Mortgage lenders are prohibited from discriminating in giving credit to prospective borrowers based on race, color, religion, national origin, sex, marital status, age or dependency on public assistance under which law or regulation? B. Pam is not liable since it was summer and the heating problem was not obvious. Before completing the form, discuss the following important points with the home seller: Price. What should Alice do? In addition to agent and MLS home tours, what are some other ancillary tools you can use? 3. 62- When agent Hal shows a home he should never: A. The sellers want the earnest money check made payable to them instead. Start in the room with the best features. 6. C. Bake muffins or cinnamon rolls to create a homey feel. D. The advertiser must prove he was grandfathered in as a licensee. D. Lends good visual support to what the agent is saying. She would likely be required to do which of the following? 97- Buyer Randy makes an offer to purchase one of Broker Toms listings on June 15. 1 of 10 Gail is a licensed real estate assistant. B. Rewrite whole paragraphs to ensure clarity. He just sold it for $13,000. 5 of 10 RESPA applies to all of the following EXCEPT which? A broker may advertise that he or she is an escrow agent. A. 55- Greg is approved for a Cal-Vet loan. 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? 36 of 50 Agent Pam receives an offer on one of her listings for less than the asking price. The following table lists all costs of quality incurred by Sam's Surf Shop last year. 8 of 10 Which California Fair Housing law provides protection from discrimination by business establishments? 4 of 11 Which of these is also called a contract for deed? C. Knocking on doors never requires special permits. 33- Which statement is true about a loan that has a negative amortization? What should Tim do next? 85- Which paragraph of the purchase agreement states that the balance of the purchase price will be deposited into escrow prior to closing? 54- Jim and Jane are buying a home for $120,000. 9- Which California Fair Housing Law Prohibits discrimination based on sexual orientation of source of income? Authors Channel Summit. What is the major difference between an employee and an independent contractor? 1 of 10 All of the following are good approaches for handling objections except which? What is the most often used form of earnest money deposit? What kind of mortgage might they get? 46- A life insurance company would most likely invest in all but which of the following properties? Give the prospects a black copy of a purchase agreement to look over. 5- What does the safety clause in the listing agreement do? A. 10 of 10 Which of these individuals could not act as an escrow agent without an escrow license? 6 of 10 Which of the following is not a probable reason for a listing to expire without selling? What will the new owners pay in property taxes? 26 of 50 Veteran Bill has applied and been approved for a non-VA-guaranteed CalVet loan. 2- Describe an open listing. 5- Under what circumstances can a loss on the sale of a personal residence be deducted from income taxes? A. Pam should tell them to reject the offer so that the buyers will counter back with full price. What should Elaine do? C. It creates an agency relationship. 2. They will have a number of new expenses as a result of this purchase. B. D. Recommend that the seller delay response to make the buyer nervous and then submit a counteroffer. 6- What is the main reason sellers choose to sell their property without an agents help? Which of the following statements is not true? Bob Broker represents Sam Seller. Executor Fred calls Agent Tom to list a vacant tract of land, instructing him to list the land for $700,000. 5. He sold the home for $750,000 and paid $50,000 in selling expenses, including the brokers commission. 63- Jennys home appraised for $550,000. 2 of 50 Residential property includes all of the following EXCEPT which? 10 of 10 Agent Jim tells his buyers that the seller will leave the riding lawn mower if the buyers make an offer now. 9 of 10 Janet is an unlicensed assistant. 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. The buyers family is pressuring them to purchase this home. Establish a homes fair market value. Jim has decided that he will learn all he can about the new subdivisions at the west end of town. 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. Clearly written contractor agreement must exist. Next, determine the remainder of the loan; $185,000 - $40,000 = $145,000. buyer randy makes an offer to purchasei miss you text art copy and paste. rickey smiley and grandson videos 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? Nam risus ante, dapibus a molestie consequat, ultrices ac magna. C. Advertising in the telephone directory is cost effective because the directories can reach every home in the marketing area. A. Lead-based paint was used in the home. At the end of the term, the loan balance will be negative. 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. B. Gross income must be based on production. Can be used in place of a verbal presentation. A. 6 of 50 Broker Tami has a very low advertising budget. Is generally viewed as unprofessional. The bundle of rights does NOT include the right of, Billy has a two-acre lot that is zoned agricultural. What are members of NAR required to do? 10 of 10 A competitive market analysis is an attempt to: A. 4- How is property management seen as a risk to investing? What should Jake do? What kind of agreement is this? A. Brenda must follow all of Jims instructions. yellowbrick scholarship reviews. Several weeks later when showing another home to a buyer, Greg mentions that Kim would have accepted less for her home. Access to over 100 million course-specific study resources, 24/7 help from Expert Tutors on 140+ subjects, Full access to over 1 million Textbook Solutions. 2 of 10 Which of these is not an AIDA characteristic? Refusing to make loans based on the racial composition of a neighborhood is called. B.