- A property seller empowers an agent to market and sell a property on his behalf. This is an example of
- The type of listing that assures a broker of compensation for procuring a customer, regardless of the procuring party, is a
- The standard of care and competence that a principal can expect from an agent is generally that which is
- A property owner agrees to pay a broker a commission, provided the owner receives a minimum amount of proceeds from the sale at closing. This is an example of a
- Damien and Sandy bought a lot with a condemned house. They want to tear it down and build a duplex, so that they can live on one side and rent out the other. Unfortunately, the property is zoned single-family residential. If they can make a case for economic hardship, what may they apply for and be granted?
- A principal empowers an agent to conduct the ongoing activities of one of her business enterprises. This is an example of
- An owner agrees to pay a broker for procuring a tenant unless it is the owner who finds the tenant. This is an example of a
- The duties of an agent acting as a facilitator are most similar to those of a
- a way to avoid the CP system. Must be signed and in writing by both parties, no consideration needed
- The meaning and import of the agency relationship should be disclosed to the client
- Alison and Brent are financing their house purchase of $232,500 with an FHA loan. Their credit score qualifies them for the minimum down payment. What do they need to put down?
- A transaction broker should disclose his or her agency relationship to the transaction principals
- Agent Bob, who works for Broker Bill, obtains an owner listing to lease a building. Bill's other agent, Sue, locates a tenant for Bob's listing. In the absence of any arrangement to the contrary, Broker Bill in this instance is
- What's the estimated value by cost approach for a property if the site value is $25,000, the new cost of improvements is $100,000, and the total depreciation estimate is $15,000?
- form of ownership on title represents the form of ownership interests in the spouses. If title is in one spouse's name and one spouse dies, the asset is considered SP if the source of the funds to purchase was SP. This presumption may be rebutted by clear and convincing evidence that the spouses had a different intent
- Which clause in the listing agreement gives the listing broker the authority and obligates the broker to market the property to other brokers?
- Your clients are looking at buying a $200,000 property with a 30-year loan at a 5% interest rate. If the amortization factor is 5.36822, how much would their principal and interest payment be per month? Remember: The monthly payment multiplier is per $1,000 of the mortgage.
- Marcus listed his property with Home Sweet Home Realty and one of its listing agents, Ron Savage. About a month later, Ron filed for bankruptcy. Which of the following statements about this situation is true?
- if the tortfeasor is acting for the benefit of the community, CP funds can be used
- You need to perform a sales comparison for your clients. Comparable A's adjusted sales price is $277,000. Comparable B's adjusted sales price is $255,000. How might you use this data to determine a list price range for the clients' home?