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unit 2 The CE SHOP real estate exams questions and answers.
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unit 2 The CE SHOP real estate exams questions and answers. unit 2 The CE SHOP real estaunit 2 The CE SHOP real estate exams questions and examsunit 2 The CE SHOP real estate exams questions and answers. questions aunit 2 The CE SHOP real estate exams questions and answers.

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  • August 24, 2024
  • 55
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • unit 2 the ce shop real estate exams questions and

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  • CE Shop
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unit 2 The CE SHOP real estate exams questions
and answers




Which /one /of /the /following /tasks /must /licensees /perform /for /seller /clients?

-Dictate /the /listing /price /of /the /property.

-Drive /the /sellers /around /to /show /them /other /properties /that /are /for /sale /in /their /neighborhood.

-Ensure /that /the /buyer's /earnest /money /is /deposited.

-Show /the /sellers /how /they /can /market /their /property. /- /correct /Answers /✔✔ /-
Ensure /that /the /buyer's /earnest /money /is /deposited.

**A
/licensee
/must
/ensure
/the
/collection
/of
/the
/earnest
/money /deposit /from /the /buyer. /Earnest /money /may /be /used /as /liquidated /damages /by /the /seller
/in /the /event /of /buyer /default, /so /it's /in /the /seller's /best /interest /to /ensure /it's /been /deposited.


When
/using
/the
/farming
/approach,

,/affinity
/is /a /key /factor /when /identifying /a /neighborhood. /Which /statement /best /describes /affinity?


-An /area /that /is /not /currently /farmed /by /another /licensee

-An /area /that /the /licensee /likes

-An /area /with /a /fair /amount /of /listings /‒ /not /too /many, /not /too /few

-
An
/area
/with /
a
/variety
/or /home /styles, /sizes, /features, /price /points, /amenities, /buyers, /etc. /- /correct /Answers /✔✔ /-
An /area /that /the /licensee /likes

**Affinity
/is
/important
/when
/choosing /a /neighborhood. /A /licensee /should /genuinely /like /the /area /where /she /intends /to /work.


Why /should /you /know /when /the /seller /can /vacate /the /property?

-If /a /buyer /wants /to /close /before /the /seller /can /vacate, /the /seller /may /need /to /rent /it /back /from
/the /buyer.


-You'll /need /to /know /when /you /can /have /the /property /staged.

-You'll /want /the /house /empty /for /showings.

-You'll /want /to /schedule /the /closing /during /the /seller's /occupancy. /- /correct /Answers /✔✔ /-
If /
a
/buyer
/wants
/to /close /before /the /seller /can /vacate, /the /seller /may /need /to /rent /it /back /from /the /buyer.


**The
/timing
/of
/vacating
/an

,/occupied /property /is /important /when /marketing /to /buyers /who /may /want /to /move /in /before /the
/seller's /ready /to /move /out.


Continue /to /Unit /2: /Listing /Agreements /and /Disclosures /in /South /Carolina

Return /to /Unit /1: /Basics /of /Working /with /Sellers

View /Exam /Results

Why /might /some /agents /work /for /buyers /without /ever /having /met /them?

-It's /the /most /effective /use /of /their /time.

-They /believe /they'll /be /able /to /get /the /buyer /to /commit /to /an /agency /agreement /later.

-They /don't /particularly /like /people.

-They're /afraid /to /turn /down /any /business. /- /correct /Answers /✔✔ /-
They're /afraid /to /turn /down /any /business.

**Some
/agents
/are
/willing
/to
/work /for /buyers /without /an /agency /agreement /and /without /ensuring /buyer /loyalty. /This /can /be /a
/waste /of /time.


Who
/does
/the /agent /assisting /the /buyer /in /a /transaction /represent /if /there's /no /buyer /agency /agreement?


-No /one

-The /buyer /in /a /sub-agency /capacity

-The /customer

-The /seller /- /correct /Answers /✔✔ /-The /seller

**Without /
a
/buyer
/agency /agreement /in /place, /the /agent /assisting /the /buyer /actually /represents /and /owes /loyalty /to
/the /seller.

, ________
/have /
a
/fixed
/income, /but /they /may /have /large /down /payments /from /selling /prior /homes. /Accessible /properties
/with /little /to /no /maintenance /tend /to /be /attractive /to /these /buyers.


-First-time /buyers

-Retirees

-Trade-down /buyers

-Trade-up /buyers /- /correct /Answers /✔✔ /-Retirees

**Retirees /are /similar /to /trade-
down
/buyers,
/but
/there
/are
/some /key /differences. /Little /to /no /maintenance /and /accessibility /are /key /factors /for /these /buyers,
/who
/may /have /fixed /incomes, /but /also /have /larger /down /payments /from /selling /their /previous /homes.


From /
a
/real
/estate /licensee's /standpoint, /what's /the /purpose /of /qualifying /buyers /before /working /with /them?


-To /determine /their /financial /wherewithal

-
To
/determine
/their /readiness /to /purchase /and /make /sure /they're /not /already /working /with /another /agent


-To /learn /if /you /have /things /in /common /with /them

-To /pre-qualify /them /for /a /loan /- /correct /Answers /✔✔ /-
To
/determine
/their /readiness /to /purchase /and /make /sure /they're /not /already /working /with /another /agent

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