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CE SHOP FINAL EXAM COURSE 2 QUESTIONS AND ANSWERS
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CE SHOP FINAL EXAM COURSE 2 QUESTIONS AND ANSWERS
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CE SHOP FINAL EXAM COURSE 2QUESTIONS AND ANSWERS
Whatsissthesmaximumsamountsofstimesasprotectionsorsoverridesclausescansbesinseffect?s-
sans--SixsMonths
AppraisersJohnsissdeterminingshowsaspropertysissbeingsusedstosdeterminesasmoresoptimalsf
unction.sWhatsisshesdetermining?s-sans--HighestsandsBestsUse
Whichsofsthesfollowingsstatementssisstruesaboutstheslistingspresentation?
It'ssbeststosleavesoutsfinancialsdatas(suchsassasCMAsorscomparablespropertysinformation)san
dslistingsagreements,ssosthessellersdoesn'tsthinksyou'resjumpingsthesgunsandsalreadyscounti
ngsyourscommission.
Theslesssyoussay,sthesbetter.sYousdon'tswantstosoverwhelmsyourspotentialsclientsswithsnumb
erssandsdecisionssatsthissfirstspresentation.
Thesmostsimportantspartsofsaslistingspresentationsisstosmakesthesbuyersslikesyousassasperson
.sTrysnotstostalksnumberssorsaboutstheirshouse,sbutsinsteadsfocussonscharmingsthem.
Yousshouldsgosintosthespresentationsfullyspreparedswithsascomparativesmarketsanalysis,slist
ingsagreement,sMLSslistingssofscomparablesproperties,sandsyoursplansforsmarketingsthessell
ers'sproperty.s-sans--
Yousshouldsgosintosthespresentationsfullyspreparedswithsascomparativesmarketsanalysis,slist
ingsagreement,sMLSslistingssofscomparablesproperties,sandsyoursplansforsmarketingsthessell
ers'sproperty
Overshowsmanysyearssissascommercialspropertysdepreciated?s-sans--39sYears
RealsestateslicenseesswhoswantstosupholdsthesFairsHousingsActsshouldsmakesashabitsoutsofs
whichsofsthesfollowingsactions?s-sans--
Tellspotentialsclientssinstheirsinitialsmeetingsthatstheysarescommittedstosupholdingsfairshousin
gslaws.
Whichstypesofslistingsissnotslegalsinssomesstatessbecausesitscansleadstosasconflictsofsinterest?
s-sans--NetsListing
Jimmysownssasvacantspiecesofsland.sHesplansstosbuildsashomesonstheslandsandsthenssellsit.s
Whatstypesofsloansisshesmostslikelystosacquirestosfinancesthissproject?s-sans--Construction
WhichsissnotsonesofstheslendersrequirementssundersthesCommunitysReinvestmentsAct?
Offeringsfinancingsinslow-incomeshousingscommunities
Participatingsinsdevelopmentsandsrehabilitationsprojectssinslow-incomesneighborhoods
Providingsloansprogramssforshousing,ssmallsbusinesses,sandssmallsfarms
Providingsschoolsloanssinslow-incomesareass-sans--Providingsschoolsloanssinslow-
incomesareas
, WhichsofsthesfollowingsscenariossissconsideredsasviolationsofsFTCsadvertisingsrules?s-sans--
Sarahsjustsstartedsherscareersassassolosagentsandsdecidedstostrysasnewsmarketingscampaig
nsslogan:s"Comesletsoursteamsofshard-workingsagentssfindsyoustheshomesofsyoursdreams!"
What'ssthesbestspracticesforshandlingsblanksareassofsaslistingsagreementsformsthatsdon'tsapp
lystosaslisting?s-sans--Writes"N/A"sinsthesblanks.
WhichsofsthesfollowingsisspartsofsthesConsumersFinancialsProtectionsBureau'ssmissionsofsco
nsumersprotection?s-sans--Enforcesconsumersfinancialsprotectionslaws.
ThesAdamssfamilysissfinancingstheirsloansthroughsAcmesBanksandstheirsagentsnegotiatedsas
greatssalesspricesonstheirsnewshome.sSmithsTitlesCompanysprocessedsthesloansdocuments.
sThesAdamsessmustspurchasesmortgagesinsurance.sWhosdoessthesinsurancesprotect?s-
sans--AcmesBank
Shannonsdoesn'tsunderstandswhyshersagentswantssherstosaddsascontingencystosherspurcha
sesoffer.sHersagent,sScott,sexplainssthatsthespropertysissinsastransitionalsneighborhood,sandsi
tsmightsbesoverpriced.sWhatstypesofscontingencysissScottsrecommending?s-sans--Appraisal
Howsdosyouscalculatesthesareasforsassquaresroom?s-sans--
Multiplystheslengthsofstwossidesstogether
Madelinesissaspropertysmanagerswho'sscalculatingsthesvacancysratesforsthesapartmentsbuild
ingsshesmanages.sWhatsformulaswouldsshesusestosdosthis?s-sans--
Numbersofsvacantsunitss÷stotalsunits
Whichsofsthesesscenariossissbasicallysthessamesassfraud?s-sans--
Jeannie'ssadsreads"allsnewsfixtures,"swhensmostsofsthesfixturessweresjustscleanedsupsandsre-
installed.
Tosmakesvalidscomputationssofsadjustmentssforsthessalesscomparisonsapproachstosvalue,se
lementssofscomparisonsmustsbesappliedsinsasspecificsorder.sWhichsonesofstheseselementssli
stedshasstheshighestspriority?s-sans--ConditionssofsSale
Shelly'ssflowersbusinesssissbloomingsandsit'sstimesforshersbusinessstosgrow.sShesplansstosta
kesoutsasbusinesssloanstosopenstwosmoresshopssonsthesnorthssidesofstown.sWhichslendingsin
stitutionswouldsshesmostslikelysgostosforsthesloan?s-sans--AsCommercialsBank
Amongsothersthings,swhatsshouldsaslistingsinsthesMLSsalwayssinclude?s-sans--
AtsleastsonesPhoto
YousgetsasloansfromsthesLoansStarsBankstoshelpspaysforsyourshome.sFindsthesinterestsonsthes
loansifsyousborroweds$12,000sats10%sforsonesyear.s-sans--$1,200s
$12,000s*s0.1s=s$1,200
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