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Exam (elaborations)

CA Real Estate Exam 2022/2023 Practice Rated A

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CA Real Estate Exam 2022/2023 Practice Rated A How many square feet in one acre? There are 43,560 square feet in an acre Mr. and Mrs. Conners sold their home and paid an 8% commission to their realtor. Assuming no other fees, if they walked away from the sale with $306,000, about how much did their house sell for? $332,600 To solve this problem, set up an equation using P for the answer you seek: You know that the seller walked away with $306,000. If the agent was to take 8% of the selling price (P), then the seller received 92% of the selling price. So, the equation would look like this: Amount seller received (306,000) = P (selling price) x 92% (0.92) 306,000 = P x 0.92 To isolate P (the unknown) on one side, divide both sides of the equation by 0.92 and you have: 306,0000.92=P Divide and you have the actual answer: 332,608.695 etc. Notice that the question says "about," so round to find the correct answer among the choices given: $332,600 Which of the following is a violation of the Fair Housing act? not allowing a service dog in an apartment complex that doesn't allow pets According to Fair Housing laws, a handicapped individual who needs a service dog is permitted to have one even if animals are not generally allowed on the property. However, the person is responsible to pay for any damage the animal causes when their tenancy is up. In new multiple-story housing properties, accommodations must be made on the first floor only. According to Fair Housing laws, which of these people is not considered disabled? a former convict According to Fair Housing laws, people whose mental or physical condition limits their performance of major life activities is "disabled." So, alcoholics, drug addicts, and HIV-infected people are considered disabled, but having been a convict does not qualify as a disability. Sarah owns a warehouse and has decided to sell it as an open listing. She has contacted three brokers to sell it for her, Brokers A, B, and C. If Broker B makes the sale, who gets the commission? Broker B

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Institution
California Real Estate
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California Real Estate

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Uploaded on
October 30, 2023
Number of pages
49
Written in
2023/2024
Type
Exam (elaborations)
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