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