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CE Shop Final Exam questions and answers.
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CE Shop Final Exam questions and answers. CE Shop Final Exam questions and answers. CE Shop Final Exam questions and answers. CE Shop Final Exam questions and answers. CE Shop Final Exam questions and answers.

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  • August 24, 2024
  • 32
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ce shop final exam questions and answers

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  • CE Shop
  • CE Shop

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CE Shop Final Exam questions and
answers




which
/of
/the
/following
/is
/the
/price /a /lender /believes /the /property /will /bring /at /a /foreclosure /sale? /- /correct /Answers /✔✔ /-
mortgage /value

Burt /terminated /his /exclusive /right-to-
sell
/listing
/agreement
/with
/Scott,
/his /listing /broker. /Burt /may /legally /do /this /as /long /as /he's /________ /- /correct /Answers /✔✔ /-
willing /to /pay /Scott's /commission /anyway

what
/must /
a
/homeowner
/in
/DC
/disclose /about /a /property /built /before /1978 /if /they /have /never /tested /it /for /lead /paint? /- /correct
/Answers /✔✔ /-that /the /home /is /presumed /to /have /lead-based /paint


Fred
/is
/buying

,/Gary's
/property,
/which /is /listed /with /Sara. /Who /are /the /parties /to /the /listing /agreement? /- /correct /Answers /✔✔ /-
Gary /and /Sara

an
/appraiser /used /the /cost /approach /to /estimate /a /property's /value /at /$220,000. /The /site /value /was
/$50,000
/and
/the
/total
/depreciation
/estimate /was /$4,000. /What /was /the /estimated /cost /of /improvements? /- /correct /Answers /✔✔ /-
$174,000

which
/term
/is
/defined /as /the /addition /of /one /possessor's /years /of /use /to /another's /continuous /use /of /the /same
/property /in /an /adverse /possession /claim? /- /correct /Answers /✔✔ /-tacking


which /one /of /the /following /statements /describes /informed /consent /as /it /relates /to /dual /agency? /-
/correct /Answers /✔✔ /-
both
/the
/buyer
/and
/the
/seller /understand /what /dual /agency /is /and /agree /in /writing /to /allow /the /agent /to /represent /both
/parties


which
/of
/the
/following
/factors
/would
/play /
a
/role /in /an /IRS /determination /as /to /whether /a /licensee /should /be /classified /as /an /employee /or /an
/independent /contractor? /- /correct /Answers /✔✔ /-
whether /the /licensee /receives /benefits /from /the /brokerage /firm

,under /the /statute /of /_____, /if /legal /remedy /is /sought /against /a /person, /the /pursuer /must /bring /a
/court /action /within /a /specified /period /of /time /- /correct /Answers /✔✔ /-limitations


Chester /is /interested /in /becoming /a /real /estate /licensee /in /DC. /After /completing /the /requirements
/for
/obtaining
/the
/license
/for /
a /real /estate /salesperson, /which /agency /will /administer /Chester's /license? /- /correct /Answers /✔✔ /-
DC /Real /Estate /Commission

A
/client
/terminates /
a /listing /agreement /before /its /expiration /date. /What /happens /now? /- /correct /Answers /✔✔ /-
the /client /may /owe /a /commission /anyway

what's /involuntary /lien? /- /correct /Answers /✔✔ /-
a /lien /created /without /a /property /owner's /consent

Jim
/is /a /listing /agent. /What /offers /must /he /present /to /his /client /and /when? /- /correct /Answers /✔✔ /-
he /must /present /all /offers /as /soon /as /practicable

Wallace
/is
/beside
/himself
/He
/spent
/the
/last /five /months /raising /enough /money /to /purchase /the /property /that /he /has /an /opinion /on, /and
/now, /
a
/month
/before
/the
/end
/of
/his
/option
/period,

, /the
/seller
/refuses /to /sell /him /the /property. /The /seller's /actions /are /____________. /- /correct /Answers /✔✔ /-
a /breach /of /contract

The /mishandling /of /escrow /funds /can /result /in_______________. /- /correct /Answers /✔✔ /-
Disciplinary /action /and /fines /for /the /real /estate /licensee

How /many /feet /are /in /a /mile? /- /correct /Answers /✔✔ /-5,280

Under /which /types /of /agency /agreement /may /a /buyer /and /agent /operate? /- /correct /Answers /✔✔
/-open, /exclusive /right /to /represent, /and /exclusive /agency


With
/an
/option
/contract, /which /of /the /following /constitutes /a /breach /of /contract? /- /correct /Answers /✔✔ /-
the /optionor /sells /the /property /without /the /option /contract /to /someone /other /than /the /optionee

What
/would
/be /an /altruistic /reason /for /a /municipality /to /accept /a /land /dedication? /- /correct /Answers /✔✔ /-to
/use /the /land /for /public /benefit


Rhonda /and /Jade /both /consider /themselves /African-
American, /although /Rhonda /has /much /darker /skin /and /hair /than /Jade. /When /Rhonda /went /to /the
/Valley
/Falls
/apartment
/manager's
/office /to /request /a /rental /application, /she /was /told /there /were /no /vacancies. /Jade /went /in /a /day
/later
/and
/received
/an /application. /This /may /be /discrimination /based /on__________ /- /correct /Answers /✔✔ /-color


Among
/other /things, /a /listing /in /the /MLS /should /always /include /____________. /- /correct /Answers /✔✔ /-
at /least /one /photo

Joint /tenancy /requires /unities /of /time, /interest, /and___________. /- /correct /Answers /✔✔ /-
possession

Obviously,
/you

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