Exam (elaborations)

MBA 650 Chapter 4 Quiz With Atual Answers A+Graded

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Course
MBA 650

Institution
MBA 650

MBA 650 Chapter 4 Quiz With Atual Answers A+Graded BMW .is .________ .the .customer .experience .when .it .offers .500 .side-mirror .combinations, .1,300 .front .bumper .combinations, .and .9,000 .center-console .combinations .and .provides .new .buyers .a .video .link .to .watch .their .car .be...

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Uploaded on September 22, 2024
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Type Exam (elaborations)
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mba 650 chapter 4 quiz with atual answers agraded

Institution MBA 650
Course MBA 650

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MD Real Estate Exam CE Shop Results
Question And Complete solutions
In /order /to /be /enforceable, /what /does /the /Statute /of /Frauds /require /a /real /estate /contract /to
/be? /- /correct /Answers /✔✔ /-a) /In /writing

Which /of /the /following /items /is /something /a /lender /is /prohibited /from /doing /if /the /lender /wants
/to /write /qualified /mortgages? /- /correct /Answers /✔✔ /-Payback /terms /longer /than /30 /years

Janice's /life /tenant, /Jacob, /is /currently /living /on /her /property. /Once /Jacob /dies, /Janice /has /made
/arrangements /that /the /property /will /go /to /the /School /for /the /Gifted. /What /interest /does /the

/School /for /the /Gifted /currently /have? /- /correct /Answers /✔✔ /-Remainder

In /states /without /full /disclosure /requirements, /whose /responsibility /is /it /to /review /disclosures, /ask
/questions, /and /obtain /a /home /inspection? /- /correct /Answers /✔✔ /-Buyer

Jill /needs /to /pay /the /web /developer /who /created /a /new /website /for /her /brokerage, /but /her
/checking /account /is /low, /so /she /floats /herself /a /loan /from /earnest /money /kept /in /the
/brokerage's /escrow /account /and /deposits /it /in /her /account /for /a /few /days /before /paying /the
/developer. /Which /answer /correctly /identifies /the /violation(s) /Jill /has /committed? /- /correct
/Answers /✔✔ /-Commingling /and /conversion

Which /of /these /statements /about /cooperating /with /other /licensees /is /true? /- /correct /Answers /✔
✔ /-Licensees /must /cooperate /with /other /licensees /when /it /is /in /the /interest /of /their /client, /and
/share /the /commission /on /a /previously /agreed-upon /basis.

Which /of /these /is /a /potential /drawback /to /a /real /property /exchange? /- /correct /Answers /✔✔ /-
Taxable /gains

Agatha /helped /her /client /Rufus /complete /the /______, /which /documents /Rufus's /purchase /offer /to
/the /seller /for /the /property /he /is /interested /in /buying. /- /correct /Answers /✔✔ /-Sales /contract

A /buyer /with /a /15-year, /$250,000 /loan /at /a /5.5% /interest /rate /has /a /monthly /principal /and
/interest /payment /totaling /$2,042.71. /If /$1,145.83 /is /interest, /how /much /is /applied /to /principal? /-

/correct /Answers /✔✔ /-$896.88

Jerome, /a /real /estate /licensee, /works /independently /instead /of /under /a /sponsoring /broker. /This
/means /that /he /is /licensed /as /________. /- /correct /Answers /✔✔ /-A /broker

The /power /of /the /state /to /claim /property /when /the /owner /dies /without /a /will /and /without
/locatable /heirs /or /creditors /is /also /known /as /______. /- /correct /Answers /✔✔ /-Escheat

, When /preparing /the /sales /contract, /when /is /it /acceptable /for /a /licensee /who /is /not /an /attorney
/to /offer /legal /advice /to /the /client? /- /correct /Answers /✔✔ /-Never

Although /Kirk /has /been /paying /rent /toward /his /ground /lease /for /more /than /17 /years, /he /will
/never /be /able /to /buy /the /lease /from /the /landowner. /What /type /of /ground /lease /does /Kirk /have?

/- /correct /Answers /✔✔ /-Irredeemable

You /are /meeting /with /prospective /clients /in /person /for /the /first /time. /What /are /you /required /by
/law /to /explain /to /them? /- /correct /Answers /✔✔ /-The /types /of /agency /relationships /they /may
/have /with /a /real /estate /professional

In /the /conveyance /of /real /property /after /death, /what /trumps /any /terms /specified /in /the /deceased
/person's /will? /- /correct /Answers /✔✔ /-Operation /of /law

In /the /sales /comparison /approach, /the /appropriateness /of /the /various /comparable /sales /in
/relationship /to /the /subject /is /considered /in /a /process /known /as /______, /where /certain /factors

/may /be /given /more /weight. /- /correct /Answers /✔✔ /-Correlation

Which /of /these /is /a /system /that /many /states /use /to /determine /lien /priority? /- /correct /Answers /
✔✔ /-First /in /time, /first /in /right

Which /of /the /following /is /a /residential /dwelling /with /shared /walls /where /the /owner /also /typically
/owns /the /land /on /which /the /home /sits? /- /correct /Answers /✔✔ /-Townhome

In /a /life /estate, /all /of /the /following /apply /during /the /term /except /______. /- /correct /Answers /✔✔
/-Transferability

Joe /signed /a /listing /agreement /with /Marisa. /A /week /later, /Marisa's /co-worker, /Tina, /showed /Joe /a
/property /that /he's /interested /in /buying /once /his /home /sells. /A /week /after /that, /Ross /submitted
/an /offer /on /Joe's /property /on /behalf /of /his /buyer /client. /Who /is /Joe's /agent? /- /correct /Answers /

✔✔ /-Marisa

If /a /licensee /is /convicted /of /a /controlled /substance /offense, /what /can /the /Real /Estate /Commission
/do? /- /correct /Answers /✔✔ /-Impose /additional /sanctions

_________ /occurs /when /the /parties /meet /all /terms /of /the /contract. /- /correct /Answers /✔✔ /-
Performance /of /contract

Land, /plus /all /things /permanently /attached /to /it /naturally /or /artificially, /is /______. /- /correct
/Answers /✔✔ /-Real /estate

As /a /security /precaution, /when /posting /on /social /media, /what /should /you /do? /- /correct /Answers /
✔✔ /-Assume /that /the /information /will /be /passed /along.

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