The seller found a buyer - Study guides, Class notes & Summaries
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Broker Contract Law: Questions & Answers: Latest Updated: A+ Score Guide
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While previewing a house, the salesperson notices water stains behind the draperies. the owner, when asked, denied there were any water problems. If the salesperson shows the property and fails to mention the water stains, the salesman is guilty of: 
a. fraud 
b. misrepresentation 
c. nothing, because his fiduciary responsibility is to the owner 
d. puffery 
 (Ans- A 
(material facts) As evidence of leakage or flooding, water stains are material facts that must be disclosed, if known by the sale...
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GA MLS Cram Course Questions and Answers 100% Pass
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GA MLS Cram Course Questions and 
 
Answers 100% Pass 
 
31 days 
A licensee should search the National Do Not Call Registry on a regular basis and drop 
registered consumer phone numbers from their call lists. This should be done at least once every 
 
10 business days 
Under the CAN-SPAM Act opt-out request must be handled within 
 
Yes, the agent can call for up to 3 months after the consumer makes an inquiry 
A potential buyer attends an "open house" on a listed property and inquires about...
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State DRE-Exam Questions and Answers (Graded A)
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a running stream is considered - ANSWER-real property 
 
water found on the land in watercourses, such as natural springs, streams, or rivers and in bodies of water, such as ponds or lakes is called - ANSWER-surface water 
 
What is riparian rights - ANSWER--riparian property owners have reasonable use of the follow water 
- the owner of property bordering a stream or river has riparian rights 
-the owner of adjacent land may not lawfully divert all available waterand thereby deprive a riparian ...
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MGMT Principles of Managements Canadian 3rd Edition by Williams - Test Bank
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mgmt principles of managements Canadian - test banks, 
Chapter 2 Organizational Environments and Cultures MULTICHOICE 
1. What are the two types of external organizational environments? (A) general and specific 
(B) public and private 
(C) global and national 
(D) organizational and interpersonal Answer : (A) 
2. Which of the following environments affects all organizations? (A) the global environment 
(B) the national environment 
(C) the general environment 
(D) the formal environment Answer :...
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Real Estate Salesperson California State Exam 2023 with complete solutions
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Which of the following is most vital or important in planning a subdivision: - ANSWER-Market Analysis 
 
When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - ANSWER-Percentage Lease 
 
What is not an adequate method of transferring property? - ANSWER-Executive Sale 
 
What is considered personal property? - ANSWER-Existing Mortgage 
 
If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value...
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Colibri Practice Test Questions and Answers Already Passed
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Colibri Practice Test Questions and 
 
Answers Already Passed 
 
3. In real estate, which of the following is correct about the term "title?" 
Taxes and insurance are often prepaid at closing to establish the escrow account. On which page 
of the Closing Disclosure form will the buyer see an accounting of the escrow account set up? 
Page two, under other costs 
 
On page two of the form, other costs are itemized for buyers and sellers. Taxes, prepaids, and 
initial escrow payment at closing - ...
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PSI Maryland Practice Exam Questions and Answers Already Passed
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PSI Maryland Practice Exam Questions 
 
and Answers Already Passed 
 
If an older building cannot be air-conditioned, it is an example of ___________ ? 
 
A. Economic obsolescence. 
 
B. Functional obsolescence. 
C. Physical deterioration. 
D. External deterioration B. Functional obsolescence. 
 
An appraiser MUST be licensed or certified to handle Federally related work on residential 
property valued at more than ___________? 
 
A. $100,000. 
B. $250,000. 
C. $500,000. 
D. $1,000,000. B. $250,...
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BARNEY FLETCHER CRAM FINAL EXAM
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A seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid signing? 
 
A. an exclusive agency listing 
B. an exclusive right to sell listing 
C. an open listing 
D. all listings - Answer-B. an exclusive right to sell listing 
 
Mr. Smith listed his farm with broker Bob. Although Smith did not tell him, Bob knew he had to sell due to poor health. Wha...
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RFBT Contract of Sales Test Bank/268 Questions and Answers 100% Correct
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RFBT Contract of Sales Test Bank/268 Questions and Answers 100% Correct 
RFBT Contract of Sales Test Bank/268 Questions and Answers 100% Correct 
 
COVERAGE: Contract of sales 
Direction: Read and select the best answer for the following questions. 
 
1.	It is a contract whereby one of the contracting parties, known as the seller or vendor, obligates himself to transfer the ownership of and to deliver a determinate thing, and the other party, known as the buyer or vendee, obligates himself to pa...
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PSI NATIONAL EXAM FOR REAL ESTATE WITH100% ACCURATE SOLUTIONS
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A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called - Answera contract 
 
Antitrust laws prohibit competing brokers from all of the following - Answer1. boycotting other brokers in the marketplace. 
2. dividing the market to restrict competition. 
3. agreeing to set sales commissions and management rates. 
 
When a sewer line is installed down a rural road, the cost will probably be shared by - Answerall current owners of real estate fronting on that road...
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