45-HOUR PA FIRST TEST QUESTIONS

Price is a number that quantifies: cost. rate. value. estimation. - Answer- value. 1. Comparable properties should include similar properties that have sold within: the past 2 to 4 weeks. the past 1 to 2 months. the past 6 to 12 weeks. the past 3 to 6 months. - Answer- the past 3 to 6 months. 1. Items found during the walk-through are most easily handled by: a) a promissory note. b) giving credit to the buyer. c) an addendum d) an exchange of cash. - Answer- d) an exchange of cash. 1. The second category of special damages are: a) loss of profit. b) broker's commissions. c) examination fees d) document expenses. - Answer- a) loss of profit. 1. A _________________is an attack that deceptively convinces businesses to wire funds to criminal bank accounts by pretending to be business counterparties, such as vendors or real estate sellers. a) Title Company Impersonator (TCI) scheme b) Business Email Compromise (BEC) c) Farcical Competition Instigator (FCI) d) Cyber Security Infraction (CSI) - Answer- b) Business Email Compromise (BEC) Commercial property is used specifically for: a) investment purposes. b) government offices. c) recreational facilities. d) business purposes. - Answer- d) business purposes.