Pearson VUE Sales Agent License Exam Questions and answers, 100% Accurate, rated A+
In order for a tenant to claim relief for constructive
eviction... - -The landlord must have intentionally withheld required
repairs or maintenance
A buyer purchases a furnished condominium apartment as an...
In order for a tenant to claim relief for constructive
eviction... - ✔✔-The landlord must have intentionally withheld required
repairs or maintenance
A buyer purchases a furnished condominium apartment as an investment. The document that evidences
the buyer's ownership of the furniture is a... - ✔✔-Bill of Sale
A broker who enters into a property management contract
is considered a... - ✔✔-Fiduciary
A buyer's interest in real property, acquired at the moment the seller and the buyer enter into a sales
contract, is known as... - ✔✔-Equitable Interest
The appropriate time for a selling broker to explain the
agency relationship to a prospective buyer is... - ✔✔-At their initial meeting
A broker is asked to lease 1,200 square feet of warehouse
space at $6 per square foot per year. If the broker's
commission will be 8 percent of the first year's rental
income, the MAXIMUM amount payable is... - ✔✔-$576
A geographic region in which similar properties compete
with the subject property for potential buyers is called a... - ✔✔-Market Area
, In the absence of a formal appraisal report, which of the
following choices is the MOST appropriate for setting a listing price in a new, rapidly selling
neighborhood? - ✔✔-The price that willing buyers have recently paid for similar
structures
Which of the following factors would be included in the description of replacement cost? - ✔✔-Similar
utility and current material
Under an exclusive right-to-sell listing, a broker has the
authority to take which of the following actions on behalf
of a seller? - ✔✔-Advertise the property for sale
Under a lease for a commercial property, a tenant agrees to pay $4,000 per month plus 3% of the gross
monthly sales. This type of lease is called a... - ✔✔-Percentage
and Liability Act (CERCLA) in the case of an owner who
allows the dumping of wastes on a property is the... - ✔✔-Environmental Protection Agency
A percentage lease would MOST often be used for
tenants in... - ✔✔-A Shopping Center
A license holder is showing a home built in 1972 to
buyers who notice paint flaking on the woodwork.
How should the license holder proceed? - ✔✔-Advise the prospective buyers to get a lead-based paint
inspection.
A lot was purchased as an investment for $10,500 and
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