Stringham Real Estate Test Review Questions & Answers Already Graded A +
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Course
Stringham Real Estate
Institution
Stringham Real Estate
at duties does an agent owe a cleint - Fiduciary duties (loyalty, obedience, confidentiality, full
diclosure, accountings, and safe holding of property and reasonable care and diligence
What must agents disclose to the principal - All material information about the property and the
clients abili...
Stringham Real Estate Test Review
at duties does an agent owe a cleint - Fiduciary duties (loyalty, obedience, confidentiality, full
diclosure, accountings, and safe holding of property and reasonable care and diligence
What must agents disclose to the principal - All material information about the property and the
clients ability to perform in the transaction.
What is given up in dual agency - Loyalty, confidentiality and full disclose that would break
nutrality
What are the steps of a neighborhood cycle - Growth 2. equilibrium 3. disintegration or decay
When computing NOI what is never included - Debt Service
The purpose of capitalizing income or income capitalization is to - Determine property value
reproduction cost minus current value= - depreciation
What does RESPA stand for - real estate settlement procedures act
What document replaces HUD-1 - Closing disclosure
When does the loan estimate need to be provided by a consumer - no later then 3 days after loan
application
A contract between broker and agent is - unilateral
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