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unit 2 The CE SHOP real estate exams With Questions And 100% SURE ANSWERS
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unit 2 The CE SHOP real estate exams With Questions And 100% SURE ANSWERS
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unit 2 The CE SHOP real estate exams With Questions And 100% SURE ANSWERS
Practice questions for this set
, Which one of the following tasks must licensees perform for seller clients?
-Dictate the listing price of the property.
1 -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.
The use of one investment to finance another is called ____ _.
Blockbusting
2 Churning
Equity build-up
Pyramiding
Who does the agent assisting the buyer in a transaction represent if there's no buyer agency
agreement?
-No one
3 -The buyer in a sub-agency capacity
-The customer
-The seller
Under what circumstances are pocket listings more prevalent?
-When inventory is high
4 -When inventory is low
-When the market is cold
-When there is greater demand for them
Don't know?
Terms in this set (116)
Which one of the following tasks must licensees Ensure that the buyer's earnest money is deposited.
perform for seller clients? **A licensee must ensure the collection of the earnest money deposit from the buyer. Earnest money
-Dictate the listing price of the property. may be used as liquidated damages by the seller in the event of buyer default, so it's in the seller's
-Drive the sellers around to show them other best interest to ensure it's been deposited.
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. unit 2 The CE SHOP real estate exams
, 8/26/24, 1:11 AM
When using the farming approach, affinity is a key An area that the licensee likes
factor when identifying a neighborhood. Which **Affinity is important when choosing a neighborhood. A licensee should genuinely like the area
statement best describes affinity? where she intends to work.
-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.
Why should you know when the seller can vacate If a buyer wants to close before the seller can vacate, the seller may need to rent it back from the
the property? buyer.
-If a buyer wants to close before the seller can **The timing of vacating an occupied property is important when marketing to buyers who may want
vacate, the seller may need to rent it back from the to move in before the seller's ready to move out.
buyer. Continue to Unit 2: Listing Agreements and Disclosures in South Carolina
-You'll need to know when you can have the Return to Unit 1: Basics of Working with Sellers
property staged. View Exam Results
-You'll want the house empty for showings.
-You'll want to schedule the closing during the
seller's occupancy.
Why might some agents work for buyers without They're afraid to turn down any business.
ever having met them? **Some agents are willing to work for buyers without an agency agreement and without ensuring
-It's the most effective use of their time. buyer loyalty. This can be a waste of 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.
Who does the agent assisting the buyer in a The seller
transaction represent if there's no buyer agency **Without a buyer agency agreement in place, the agent assisting the buyer actually represents and
agreement? owes loyalty to the seller.
-No one
-The buyer in a sub-agency capacity
-The customer
-The seller
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