buyer randy makes an offer to purchase

A. buyer randy makes an offer to purchase buyer randy makes an offer to purchase. Before the sale can get finalized, the owner would require you to first meet certain conditions. \hline \text { Annual inspection costs } & \$ 155,000 \\ Receives special tax considerations. 71- When agent Jane meets with her sellers to offer suggestions, she most likely would not give them: 72- According to RESPA, a buyer or seller cannot legally be charged at closing for which of the following items? C. Discover why some homes havent sold. 8 of 10 Which of the following will give you comparative market data the fastest? California: Real Estate Practice Ch7 Quiz with no answers. Their first mortgage will get paid off immediately. D. A basis of $140,000 and no taxable gain. D. I will complete a property management seminar within the next year. Share that information with the sellers. Buyer Norm called and rescinded the offer. Person must be properly licensed. The offer with the fewest contingencies Code Violations and Tax Delinquencies. Access to over 100 million course-specific study resources, 24/7 help from Expert Tutors on 140+ subjects, Full access to over 1 million Textbook Solutions. how to type spanish accents on chromebook keyboard; one way process of communication; 47 brand franchise fitted hats; ncaa softball coaches' salaries 2019; albert pujols home run record; 2- Describe an open listing. 10- What is the right to rescind and what is not covered by this rule? A. Greg Burns is selling his interest in his home to his wife Melanie as part of their divorce settlement. C. The same amount will go towards the principal every month. D. Once the offer or counteroffer is accepted and the offeror has been notified, a legal contract is formed. B. Its easier to prioritize your tasks if your goals are in writing. Two months later she purchased and moved into a new home that cost $145,000. 6 of 10 Which of these is an emotional reason that buyers buy property? A buyer mails an offer to an out-of-town seller. C. Pam should recommend that they counteroffer with a price halfway between asking and offering price. The second mortgage has now become the primary loan. D. The selling agent must provide the disclosure to the buyer as soon as practicable prior to the execution of the buyers offer to purchase. 6- When is a lender required to terminate a borrowers private mortgage insurance? 8- What actions does a lender take to sell a mortgage in the secondary market? of a train ride will leave the quantity demanded of train rides unchanged. Tommy asks his real estate agent to prepare a lease agreement instead of a purchase agreement now that he has decided to rent rather than buy. 6- Which type of leasehold estate is commonly referred to as a periodic tenancy? 24 of 50 Tim thinks his buyers are ready to make an offer. C. Consider child support payments in the decision. This mortgage type is popular among the elderly. 1- What is important to know about unlicensed real estate assistants? 7- Name three benefits of listing a home with an agent that you could share with sellers. Three days after that, the agent prepares her offer and asks the buyer to sign an agency disclosure statement stating the agent represents the seller. they are effectively terminating the original offer. Present the $200,000 first and recommend rejection. Bob Broker brings Sam Seller an offer with a higher price than the existing contract Sam has with another buyer. Only after receiving the tenants consent. Example 1. Click the "Allow" button. 6 of 10 Which of the following is not an item that a buyer usually pays at closing? Hometown received $2400.00 in referrals. plane rides is 0.5 and the price elasticity of demand for train rides is 0.2. B. 70- Which of these items would be a credit to the buyer on the settlement statement? 7 of 10 Which document shows the assets and liabilities of a business? 2 of 10 How long must buyers and brokers keep the documentation on a foreign sale? 7 of 10 Which of the following is not a national real estate trade organization? Has Bob acted properly? What kind of closing technique is Jim using? 5. 8 of 10 Which of these is a free form of advertising? The purchase price, plus improvements A. 8- Why should agent Grace give her client a Combined Hazards Book? 5 of 10 Which of the following is not a source of information for professional ethics codes? 4- Why is it important to talk to the sellers about the buyers? 25- According to the law governing mortgage loan brokers, what is the maximum commission Broker Claire can charge for securing a $50,000 first mortgage for a period of 2 years? 1 of 10 Which of the following actions by an agent would most probably upset the sellers? What kind of mortgage might they get? 100- What does the Real Estate Disclosure Law refer to? It took effect when Sam accepted Mary's offer. At the time the agreement is signed. Rule F-1. 6 of 10 How often can a tenant call his or her own professional to make repairs and then deduct the amount from the next months rent? 11- What is a public report and when must it be provided? A. 3 of 10 All of these items are important to include on your weekly activity report except which? 2- What is important to remember about multiple offers? B. 1 of 50 Which of the following newspaper information is not helpful in developing a Prospecting Plan? D. All adjustable rate mortgages have negative amortization. 9 of 10 All of these might be a buying signal except which? Needs a license to perform activities that are not strictly administrative in nature. B. 7 of 10 How might probate information help in prospecting? D. Reduces the monthly payment for a borrower during the initial years. An open listing is an exclusive contract. 2- Explain the difference between the primary and secondary mortgage markets. What would you say about Alexs actions? C. How much time the licensees must spend in the office. $6,740 C. Tell the sellers you expect an offer to be coming soon. 7 of 11 In which of the following types of loans is the payment allocated only to interest? 4- Why is coordinating escrow so important and how can an assistant help? 2 of 12 Which of the following statements is not true about the Federal Reserve? Which of these expenses is not associated with owning a home? Which of these ad headlines would probably be the least effective for this home? Randy gives Tom an earnest money check f Randy gives Tom an earnest money check f Q: according to the law governing mortgage loan brokers what is the maximum commission Broker Dan can charge for securing a Giving information about a listing to prospective buyers. 63- Jennys home appraised for $550,000. She put 20% down and got a mortgage for the remainder. California: Real Estate Practice Chapter 18 Quiz with no answers. Local ordinance requires a 20-foot rear and front setback. 4- Amanda calls broker Tim to schedule a showing of one of his listings. C. Once filed, it remains until terminated. 1- The amount that a seller takes away from a sale is termed: 2- Which of the following best describes prospecting? An Offer to Purchase REval Estate (the "Offer") is a document that sets out the basic proposed terms and conditions between the Buyer and the Seller in a rEval estate transaction. D. After the agent has had time to make copies at the office. C. Sellers are apt to choose qualified buyers over ones who have not been qualified. The seller must file a bill of sale with the county clerk. How can you prepare your sellers for receiving offers? A. 102- What is the minimum period of time over which the owner of a commercial building can depreciate the improvements? 10 of 50 There has been very little interest in the Bowers home this past week. C. Identifies buyers for other properties. Before completing the form, discuss the following important points with the home seller: Price. He asks his real estate agent if she could tell him how to go about building a house on the land. How long must a broker be licensed in order to apply for a temporary broker's license? Norm gave Pat a $500 earnest money check. D. Buyer indemnity and seller protection. B. Authors Channel Summit. 3- What is the major difference between an exclusive-authorization-and-right-to-sell listing and an exclusive-agency listing? When a home seller accepts a purchase offer, the seller is hoping the buyer will complete the transaction at the agreed-on price and believes there is nothing wrong with the condition of the home. Maximize the return to the property management firm. Which is a true statement? California: Real Estate Practice Ch8 Quiz with no answers. Give an example of a specific short-term goal. 4- Why is it important to talk to the sellers about the buyers? C. Jim and Amanda whisper and frown when they see the basement. C. Is subordinate to a first mortgage. Lorem ipsum dolor sit amet, consectetur adipiscing elit. What are some important tips for home tours? 1 of 10 Gail is a licensed real estate assistant. Seeking buyers for your listings B. 2. Course Hero is not sponsored or endorsed by any college or university. He made $150,000 of improvements during the three years he lived in it before he sold it. 3 of 10 When must a listing agent present the Disclosure Regarding Real Estate Agency Relationships to the seller? D. The owner has 45 days to file a change in ownership statement. D. Administers special assistance programs. B. Pleases the sellers by inv=creasing activity. 3. C. Participate in a tax shelter program. 2. Next, calculate the points charged; $168,500 x 0.02 = $3,370. Practice exam for California Real Estate Practice Class, Answers will be revealed with the correct subscription. 4 of 10 Once an offer has been accepted, the agent should do all of the following except which? Given the rise in the price of a plane ride, what percentage change in the price C. It keeps your name in front of potential buyers and sellers. Display lots of family photos to impress potential buyers. 5- When must a licensee provide an agency disclosure to a prospective client? They made $50,000 of improvements. The buyer was responsible for making the discovery, so Pam is therefore liable. B. FSBO sellers believe they will save money if they sell themselves. 3 of 10 Which of the following would be an example of a licensee specializing in business type? His property taxes would be assessed at: 6 of 10 When a person acquires new property, which is true? 12. 55- Greg is approved for a Cal-Vet loan. A. Will placed an ad in the most recent Home Buyers Guide. It was terminated when Mary delivered the recission to Sam. Amanda loves the home and wants to make an offer. 5 of 10 Mike bought his home last year for $150,000.

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