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Pearson VUE Sales Agent License Exam 2024/2025 Questions With Completed & Verified Solutions.
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Pearson VUE Sales Agent License Exam 2024/2025 Questions With Completed & Verified Solutions.
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Pearson VUE Sales Agent License ExamIn order for a tenant to claim relief for constructive
eviction... - ANS The landlord must have intentionally withheld required
repairs or maintenance
A buyer purchases a furnished condominium apartment as an investment. The document that
evidences the buyer's ownership of the furniture is a... - ANS Bill of Sale
A broker who enters into a property management contract
is considered a... - ANS Fiduciary
A buyer's interest in real property, acquired at the moment the seller and the buyer enter into a
sales contract, is known as... - ANS Equitable Interest
The appropriate time for a selling broker to explain the
agency relationship to a prospective buyer is... - ANS At their initial meeting
A broker is asked to lease 1,200 square feet of warehouse
space at $6 per square foot per year. If the broker's
commission will be 8 percent of the first year's rental
income, the MAXIMUM amount payable is... - ANS $576
A geographic region in which similar properties compete
with the subject property for potential buyers is called a... - ANS Market Area
In the absence of a formal appraisal report, which of the
following choices is the MOST appropriate for setting a listing price in a new, rapidly selling
neighborhood? - ANS The price that willing buyers have recently paid for similar
structures
Which of the following factors would be included in the description of replacement cost? - ANS
Similar utility and current material
Under an exclusive right-to-sell listing, a broker has the
authority to take which of the following actions on behalf
of a seller? - ANS Advertise the property for sale
Under a lease for a commercial property, a tenant agrees to pay $4,000 per month plus 3% of
the gross monthly sales. This type of lease is called a... - ANS Percentage
The agency that is charged with enforcing the
, Comprehensive Environmental Response, Compensation,
and Liability Act (CERCLA) in the case of an owner who
allows the dumping of wastes on a property is the... - ANS Environmental Protection Agency
A percentage lease would MOST often be used for
tenants in... - ANS A Shopping Center
A license holder is showing a home built in 1972 to
buyers who notice paint flaking on the woodwork.
How should the license holder proceed? - ANS Advise the prospective buyers to get a
lead-based paint inspection.
A lot was purchased as an investment for $10,500 and
sold a year later at a loss of 20%. If the owner paid a 10%
commission, what was the owner's net loss on the sale? - ANS $2,940
A broker lists a property. A potential buyer tells the
broker that he has heard that the crime rate in the
neighborhood is increasing. Which of the following is the
broker's BEST response to the buyer? - ANS Check with local law enforcement authorities
about the crime rate
Which of the following statements about the law of
agency is CORRECT? - ANS It establishes a fiduciary relationship.
A lender's title policy will protect the: - ANS Lender against existing, undiscovered title defects
The provision in a mortgage or deed of trust that gives
the lender the rights to call the entire balance due upon a default in any payment is called a(n)...
- ANS Acceleration Clause
In order for a property manager to determine net
operating income on a property, which of the following fees is subtracted from the effective
gross income? - ANS Operating Expenses
The value placed on land and buildings by a governmental unit for use in levying annual real
estate taxes is called the... - ANS Assessed Value
If a buyer makes a 20% down payment and obtains a
$75,000 mortgage, what is the sales price of the property? - ANS $93,750
A special warranty deed provides... - ANS Protection against defects that occurred while the
grantor held title
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