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CE Shop Final Exam Questions And Answers With Verified Solutions Already Passed !!!
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CE Shop Final Exam Questions And Answers With Verified Solutions Already Passed !!!
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CE Shop Final Exam Questions AndAnswers With Verified Solutions Already
Passed !!!
Depreciation - ANSWER✔✔ Real property ownersip has significant tax
advantages. Which of the following is an advantage?
The building department - ANSWER✔✔ Which entity ensures that contractors
perform their work according to code by inspecting their job sites?
Salesperson - ANSWER✔✔ Which type of real estate license requires a 60-hour
licensing course as a condition of taking the licensing exam?
Negligence - ANSWER✔✔ Uh-oh. You failed to present an offer on behalf of
your client in a timely manner. As a result, the seller accepted a lower offer from
another buyer. You could be sued for ______.
The sale of a property at an amount less than is owed, not including closing costs -
ANSWER✔✔ Edgar's in the process of selling his home as a short sale. What's a
short sale?
Yes, Mary can use the standard forms that her brokerage uses (assuming these
forms were originally created or approved by an attorney). - ANSWER✔✔ Mary is
preparing a purchase offer for her buyer client. It's a pretty standard offer: a little
less than list price, with the seller paying a little toward the buyer's closing costs.
Mary fills in the blanks on a standard form used in her brokerage firm based on the
current situation. Is this okay?
, Asbestos - ANSWER✔✔ Soundproofing and decorative material, shingles, and
siding may contain what hazardous material?
That tenants may peaceably and quietly enter the leased premises at the beginning
of the lease - ANSWER✔✔ Which of the following are landlords required by law
to ensure?
Honesty and fair dealing - ANSWER✔✔ Not wanting to cause the sellers or
mortgage lenders unnecessary concern, Gwen, the buyer's agent, wasn't exactly
forthcoming about a slight change in her client's financial status that her client had
shared with her in confidence. Which fiduciary duty to the customer is Gwen
violating?
Primary market - ANSWER✔✔ Robert purchased a new home and obtained
financing through First Lending Bank, a regional bank located in his city. First
Lending originated the loan, but before Robert's first mortgage payment was due, it
sold the loan to CitiMortgage. As a loan originator, what market is First Lending
operating in?
Permission without possession, interest, or ownership - ANSWER✔✔ In terms of
encumbrances, what's a license?
Reserve fund - ANSWER✔✔ Lenders will require which type of fund for taxes
and insurance?
Severalty - ANSWER✔✔ If Mega Corporation owns real property, chances are it
owns it in ______.
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