Real Estate Sample Questions for Exam 2 SP23 (1)

Why are sellers willing to pay a commission to a broker to facilitate the sale of their property? Take one of the 6 fiduciary responsibilities (COALDS).  Explain how a breach of this responsibility (the agent not following it) could harm the principal in a real estate transaction. Why would a buyer want to have a contract with a real estate brokerage?  What benefits would there be?   Find a local real estate agency/brokerage and explore their website.  Explain one thing you found that relates to what we learned in Chapter 12. What are some of the elements of a listing agreement?  Why are these included?

16 What source of foreclosure leads comes with a built-in sense of trust and credibility with the homeowner? A O A notice of default or lis pendens list. BO Lenders. Newspaper classifieds. DO Referrals from other clients.

MI U. Sanquilatie en is best describes... An equitable lien is best describes by which of the following statements? 44,362 Multiple Choice It is a claim to property by a real estate broker to secure payment of a commission. It is a claim on property either created by a sales contract or imposed by a court in the interest of fairness. It is the lien of a judgment creditor that arises when a motion for a new trial has been denied. It is a claim to property by implication of the law rather than statute. MAR

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

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Why would a buyer want to have a contract with a real estate brokerage?  What benefits would there be?

A broker with a license in inactive status is permitted to do which of the following? a. Refer listings to the broker's previous Managing Broker for a fee. b. Conduct open houses on behalf of other licensees. c. Appraise real estate for a fee. d. Waive requirements for continuing education.

broker secured a contract on property he previously sold he advised the buyers they did not need to attorney or title Pina knew the history on the property Florida real estate license your law A) Broker failure to provide a reading opinion of title in violation of chapter 4 7-5 Florida statutes B) broker is required by the Florida bar to advise of perspective for changer to retain an attorney C) broker May render a title opinion so long as it's oral D) broker is required to advise a prospective buyer to consult an attorney or obtain a title insurance

When an individual makes a purchase without considering the financial consequences of that purchase, he/she ignores the _____________ aspect of financial planning.     borrowing    risk management    spending    retirement and estate planning    obtaining    All of these choices are correct.    Explain answer and cite sources for answer.

What source of foreclosure leads comes with a built-in sense of trust and credibility with the homeowner?

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Which one of the following is not an indicator of the transfer of control to the buyer? Group of answer choices Seller has transferred physical possession of property. Seller has legal title to the asset. Seller has present right to payment for the asset. Customer has accepted the asset.

The _______________ problem is when customers who are most likely to have a claim against an insurance company are those quickest to apply for an insurance contract.  Group of answer choices a. Capital adequacy b. Default risk c. Adverse selection d. Mismatched maturity

When compleling an insurance applicalion, a producer should A. complete as much of the application as possible before meeting wilh the applicant to save lime B. request that the applicant review he completed application before signing it C. avoid asking the applicant questions on he application which may be embarrassing D. omit informalion from lhe application which may cause the application to be rejected by the insurance company

Where the seller fails to perform altogether by refusing to convey title, damages may include: Select one: a. Expenses incurred in investigating title and preparing the necessary papers.: b. All of these. C. The price paid. d. Expenses incurred in preparing to enter on the land. Gress ineomem inlinn

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When compleling an insurance application, a producer should   A.complete as much of the applicalion as possible before meeting with he applicant to save time   B.request hat the applicant review the completed application before signing it C.avoid asking the applicant questions on he application which may be embarrassing   D.omit information from he application which may cause the application to be rejected by the insurance company