3 of 12 All of the following are primary mortgage market lenders except which? A. 71- When agent Jane meets with her sellers to offer suggestions, she most likely would not give them: 72- According to RESPA, a buyer or seller cannot legally be charged at closing for which of the following items? C. Prepare additional documentation to take to the presentation. D. Call the sellers immediately and let them know you wont be coming by. If checked, the seller can complete repairs after closing. D. Lends good visual support to what the agent is saying. 104- Lorna and Hal have obtained a growing equity mortgage for their new home. 12- What does TRID require of lenders? The owner asks Tommy to market the property at market value but asks Tommy if he could negotiate with the bank and orchestrate a short sale. Jim has decided that he will learn all he can about the new subdivisions at the west end of town. buyer randy makes an offer to purchase - cspconlutas.org.br Mortgage bankers bring borrowers and lenders together. C. Bake muffins or cinnamon rolls to create a homey feel. Loan terms are from 15 to 25 years. 36 of 50 Agent Pam receives an offer on one of her listings for less than the asking price. Explain. B. D. Is permissible in amounts under $50. 7- What does the paragraph in the listing agreement titled Entire Contract deal with? Given the rise in the price of a plane ride, what percentage change in the price Recommend a counteroffer back to list price. She tells them they would not be comfortable in this home and she shows them a list of homes in other neighborhoods she thinks would be more appropriate. C. Explain your marketing plan to the sellers. What kind of mortgage might they get? Answer: D- Avoid telling him the price by setting up an immediate appointment. 7 of 11 In which of the following types of loans is the payment allocated only to interest? 55- Greg is approved for a Cal-Vet loan. Studying population trends in the area. 6- List four sections of an Internet website that might be of particular appeal to prospective buyers. B. D. Placing a classified ad in the weekend paper. What should Bob do? 1 of 10 What kind of lease contains a recapture clause? 1- What is the most important factor for a prospective homebuyer to consider in the decision to purchase? 3 of 10 Jake has received two offers on one of his listings. They called Wills office and told the secretary they are upset and need to speak with Will. 10 of 10 Which proposition limited the maximum amount of tax on real property? There . C. Once you set a goal you should never change it. A. 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 10 of 10 When a tenant agrees to pay all taxes, insurance, maintenance and repairs, that tenant has what kind of lease? The loan value is based on the appraised value, not the sale price. C. There is a 6-month pre-payment penalty for paying off the loan early. 7- How can a builder help you generate leads? She tells them that this action could decrease their property values. buyer randy makes an offer to purchase - ftp.ivnowandzen.com C. Payments will not be enough to retire the loan. 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. 4 of 10 Which of the following is NOT a condition of the safe harbor test? Study the other terms of the offer so that you can maximize the offers benefits and minimize the lower price. D. The date Abby makes the request to receive the booklet. If something truly is a deal breaker and a line in the sand for you, that is fine, but stick to it. What is meant by the term sphere of influence? An assistant should never be left with the task of taking photos of a new listing. 3- When making your presentation, what topics should you cover? C. How much time the licensees must spend in the office. 34 of 50 At a community meeting, Broker Amanda tells a group of families in an established neighborhood that several Indian families are planning to buy homes in their neighborhood. 2. 43 Offer To Purchase Real Estate Templates (& Letters) Broker Ashley has been working for a seller for the past seven months. What property type will he be dealing with? D. Similar expired listings that didnt sell. A. What should agent Phil do? Call Us Today! C. The court has ordered the transfer of Sally Greens home to her friend Penny Jacobs as part of the settlement of Sallys estate. 9% Which of these ad headlines would probably be the least effective for this home? A. 8 of 10 Which California Fair Housing law provides protection from discrimination by business establishments? A counteroffer represents a rejection of an offer. 44- Jim owns a gift shop in a commercial building. "What would you like to offer?" What approach can their agent take to change the sellers perception of the offer? B. I will practice my listing presentations. 83- Matt is computing the adjusted cost basis of his apartment building for income tax purposes. 10 of 10 Which of the following statements is not true about a net listing? 5- What is the Closing Disclosure? Amanda loves the home and wants to make an offer. an opinion of value for the day of the appraisal only. He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? Checking your browser. C. Tangible assets transferred in the sale include inventory, fixtures and equipment. She tells Broker Al that he can list the property for whatever price he wants and anything he gets above the $150,000 he can keep as his commission. What will they have to pay the lender? C. Clearly written contractor agreement must exist. B. 7- What is the difference between an FHA loan and a VA loan? Tell the sellers exactly how she feels and why she thinks the offer is not a good one. 5 of 10 Which of the following would not be a reason to choose to be an assistant? 4- What items are not covered by any title insurance policy? At the time the agent presents an offer. 8 of 10 Which kind of listing gives one broker the right to sell, but allows the owner to sell the property and not owe a commission to the broker? Buyers make an offer to purchase property and to place $1000.00 earnest money into their broker's trust account. D. Their loan payments will gradually increase. The broker will not provide any. C. The buyers are interested in another property. B. What do you need to remember about making phone calls to potential clients? 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? D. Preparing flyers and promotional materials for the brokers approval. 10 of 50 There has been very little interest in the Bowers home this past week. California: Real Estate Practice Ch8 Quiz with no answers. Rule E-1 4 of 10 Once an offer has been accepted, the agent should do all of the following except which? Can be used in place of a verbal presentation. B. This term typically refers to. 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. C. Can perform some real estate activities without a license. 9 of 10 A person who believes he or she has been discriminated against has how long from the time of the alleged violation to file a suit in a state or federal court? C. Knocking on doors never requires special permits. 10 of 10 A competitive market analysis is an attempt to: A. Not waste anymore time on this house, the buyer will never make an offer. How would Grants lease at this time be classified? 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. Buyer Randy makes an offer to purchase one of Broker Tom's listings on June 15. B. Set up a face-to-face meeting with the sellers as soon as possible. 1. California: Real Estate Practice Ch10 Quiz with no answers. Now you have the numbers to plug into the loss formula; Percent of Loss = Loss / Cost or $13,990 / $153,890 = 0.0909. B. Offer to mail the caller a set of fliers on interesting properties. CSP-Conlutas Central Sindical e Popular . Name four traditional marketing tools that you should use with every listing you get. B. 2- What types of office administration tasks are important for a licensed assistant to perform? 45- Kirk wants to get an FHA loan. fairbanks ice dogs standings . 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. rickey smiley and grandson videos 9- What required disclosure is a result of Megans Law? C. Discuss alternative properties that may be interest. buyer randy makes an offer to purchase. Which is true? Sam plans to overnight the acceptance on Monday. D. Supply cannot be moved to a high demand area. Secure documents that are public information from the courthouse and other sources available to the public. 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. B. 6- Which type of leasehold estate is commonly referred to as a periodic tenancy? Sunday afternoon, Mary is driving around and finds a property she likes better. Find a home that meets FHA requirements. A. At time of license renewal, what is the renewal charge for a salespersons license? The Reality of Purchase Offers . From the 200' depth, subtract the 20' rear and front setback (200' - 40' = 160'). He sold the home for $750,000 and paid $50,000 in selling expenses, including the brokers commission. 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. She can do all of the following except which? A secondary bid for a property that the seller will accept if the first offer fails Encourage Sam to make a counteroffer at 2% below Sam's asking price. They made $50,000 of improvements. yellowbrick scholarship reviews. D. The loan must be repaid before the borrowers death. 3- What is a good approach to use when contacting the owner of an expired listing? B. The lender in case of the borrowers death, C. The lender against delinquent payments, D. The lender in case of the borrowers default. B. 4 of 10 Which of the following would be the least desirable phone handling technique? 2- Name one advantage and one disadvantage of telephone contacts. The second mortgage has now become the primary loan. 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. B. 2- What is floor time and why is it important? D. Erics broker should appoint Eric as the designated agent in this transaction. D. There is a loan protection plan included with the loan. A. Each of their payments is for the same amount. The offer with the highest price B. 4- What is the agreement that a broker can enter into with a buyer? There is nothing that can offset this problem. The value of the property the borrower wants to purchase, D. The neighborhood in which the property is located. D. This action is deliberate misrepresentation. B. 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? 4. Pellentesque dapibus efficitur laoreet. Once the Offer is signed by the Buyer and the Seller, and the contained contingencies are met, it then becomes a legally binding agreement.