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Exam (elaborations)

45 Hour Post License Review Solved 100%

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  • Course
  • 45 Hour Post License
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  • 45 Hour Post License

Learning to complete a listing agreement is called - ANSWER Technical Knowledge Callers on classified advertising usually ask for the... - ANSWER Property Address The major reason listings expire is almost always... - ANSWER Price The percentage added to Adjustable Rate Mortgage is called ...

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  • February 27, 2024
  • 9
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • 45 hour post license 2024
  • 45 Hour Post License
  • 45 Hour Post License
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45 Hour Post License Review Solved 100%
Learning to complete a listing agreement is called - ANSWER Technical Knowledge
Callers on classified advertising usually ask for the... - ANSWER Property Address
The major reason listings expire is almost always... - ANSWER Price
The percentage added to Adjustable Rate Mortgage is called the - ANSWER Margin
The best source for Sales Associates to Find FSBO'S is the - ANSWER Classified Ads
The 3 components of a title search are: - ANSWER Survey, Physical Inspection, and Public Records
An owner lists his house with a Broker but doesn't have to pay a commission if he sells his property himself. This a/n.... - ANSWER Exclusive Agency Listing
To ensure that no damage was done to the home during moving a buyer should.... - ANSWER conduct a Preclosing Walk-through Inspection
Which duty falls under Transaction Brokerage? - ANSWER Limited Confidentiality, Disclosing all known Facts that Materially Affect the Value, Dealing Honestly and Fairly, Accounting for all Funds, Presenting all Offers and Counteroffers in a timely manner
3 keys to Prospecting success are: - ANSWER Consistency, Numbers, and Organization
A broker must give a written Brokerage Relationship Disclosure for "Single" and "No Brokerage" Relationships for residential sales. Name the 3 criteria for a property to Qualify as a Residential Sale: - ANSWER Residential Property with 4 Units or Less, Vacant Land zoned for 4 Units or Less, and Agricultural Property 10 Acres or Less
The Housing for Older Persons Act allows certain communities to be exempt from "family status" protection provided by the Fair Housing Act, if two conditions are met: - ANSWER At least 80% of the units have at least one occupant who is 55 years of age
The Can-Spam Act requires 3 things: - ANSWER 1. The Form and To and routing information be correct and identify sender. 2. Recipients must be given an opt-out method. 3. Commercial e-mail must be identified as an advertisement and include the senders valid physical postal address.
A contractor that disturbs paint in a property built before 1978 must: - ANSWER At least
5 years experience, Be a licensed home inspector, be certified and follow specific work procedures, and no do work in excess of $10,000
A reflecting method that is occasionally repeated is called - ANSWER Matching
The business cycle phase where consumers reduce spending is: - ANSWER Contraction
A Sales associate receives a deposit on Thursday. If his/her broker holds the escrow account, the funds must be deposited no later than.... - ANSWER Tuesday (basically, 3 business days)
Potential Gross Income minus Vacancy and Collections equals - ANSWER Effective Gross Income
If a property was the site of a homicide the licensee... - ANSWER Need not disclose (it is not a material fact)
Beast source of listing for a new sales associate is - ANSWER Sphere of Influence
A fixed rate, amortized mortgage with 26 annual payments resulting in a faster payoff, than a traditional 30 year mortgage is a - ANSWER Bi-weekly Mortgage
Florida home inspectors must have a: - ANSWER High-school diploma, Complete 120 hours, and Pass a state exam
The three types of operating expenses of an income producing property are: - ANSWER
Fixed, Variable, and Reserve for Replacements
Apartments currently available for rent, in excellent condition and ready to show to prospects are on the... - ANSWER Show List
If a Sales Associate inserts a handwritten provision that is in conflict with the printed terms of a contract - ANSWER The handwritten portion supersedes the printed provision
The principle of conformity in a subdivision is protected by - ANSWER Restrictive Covenants
The last item to be covered when presenting an offer is: - ANSWER Price

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