In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the
law of agency to state ONLY those terms that are
a. included in the listing agreement
b. based on the brokers evaluation of prevailing prices and terms
c. favorable for the seller, as determined by the broker
d. attractive to buyers, as determined by the broker - ANSa. included in the listing agreement
a lot measuring 110 feet wide by 140 feet deep has a required setback of 30 feet in front, 20 feet
in the rear, and 20 feet on each side. if a builder wants to put a one-story building on the lot, the
MAXIMUM square footage it can contain is
a. 3,300 sq ft
b. 3,600 sq ft
c. 6,300 sq ft
d. 6,600 sq ft - ANSc. 6,300 sq ft
a house with a market value of $80,000 is located where property is assessed at 70% of market
value. if the tax rate is $4 per $100 of assessed value, the property taxes are
a. $224
b. $960
c. $2,240
d. $3,200 - ANSc. $2,240
a broker charges a leasing fee of one-half of the first months rent and a management fee of 8%
of all rents collected. the broker negotiates a two-year lease at a monthly rental of $550. which
of the following amounts will the broker earn on this lease
a. $1,378
b $1,331
c. $1,287
d. $1,056 - ANSb. $1,331
a property manager works in the BEST interests of the
a. tenant
b. owner
c. agent
d. bank - ANSb. owner
, in reviewing the deed to a listed property, a licensee noted a number of limitations regarding its
use. these limitations aare commonly known as:
A. Codicils
B. constraints
C. building codes
D. restricted covenants - ANSD. Restricted covenants
the price at which a willing and informed buyer would buy and a willing and informed seller
would sell is called the
a. assessed value
b. book value
c. income approach to value
d. market value - ANSd. market value
the income approach is MOST likely to be used when determining the value of a
A. vacant residential lot
b. office building
c. single-family home
d. cooperative apartment - ANSb. office building
the G's purchased a house from the T's. the G's agreed to the following terms: monthly
payments of $650 to the T's and the balance to be paid in full after 7 years. at the time the
balance is paid, the T's will give the G's a warranty deed transferring title. in this situation, what
type of financing was used
a. fha loan
b. wrap around mortgage
c. package mortgage
d. contract for deed - ANSd. contract for deed
the provision in a mortgage or deed of trust that gives the lender the right to call the entire
balance due upon a default in any payment is called a:
a. acceleration clause
b. prepayment penalty clause
c. prepayment priveledge clause
d. right of redemption clause - ANSa. acceleration clause
a broker who represents a buyer is trying to negotiate on the buyer's behalf in a potential
transaction. the broker realizes that by negotiating a reduced price for the buyer, the broker's
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Ashley96. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €9,60. Je zit daarna nergens aan vast.