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Exam (elaborations)

Stringham Real Estate Test Review Exam Questions With 100% Verified Answers.

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  • Stringham Real Estate
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  • Stringham Real Estate

Stringham Real Estate Test Review Exam Questions With 100% Verified Answers. What are real estate licensees required to do when selling a parcel of land but neither lists nor advertises it, what must the sales agent do? - answerDisclose to the buyers and sellers that they have a real estate lic...

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  • October 2, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Stringham Real Estate
  • Stringham Real Estate
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Stringham Real Estate Test Review Exam
Questions With 100% Verified Answers.


What are real estate licensees required to do when selling a parcel of land but neither lists nor
advertises it, what must the sales agent do? - answer✔Disclose to the buyers and sellers that they
have a real estate license

What must agents disclose to the principal - answer✔All material information about the property
and the clients ability to perform in the transaction.

What duties does an agent owe a cleint - answer✔Fiduciary duties (loyalty, obedience,
confidentiality, full diclosure, accountings, and safe holding of property and reasonable care and
diligence

What is given up in dual agency - answer✔Loyalty, confidentiality and full disclose that would
break nutrality

What are the steps of a neighborhood cycle - answer✔Growth 2. equilibrium 3. disintegration or
decay

When computing NOI what is never included - answer✔Debt Service
In an appraisal is depreciation a credit against an income tax or simply a loss of value -
answer✔loss of value

The purpose of capitalizing income or income capitalization is to - answer✔Determine property
value

reproduction cost minus current value= - answer✔depreciation

What does RESPA stand for - answer✔real estate settlement procedures act

What document replaces HUD-1 - answer✔Closing disclosure

When does the loan estimate need to be provided by a consumer - answer✔no later then 3 days
after loan application

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