1.a licensee must provide disclosure oflicensed status when acting as a principal ifA.Any relative of the licensee has ever lived inthe residenceB.The agent of the other party ask about thisspecificallyC.The licensee does not have eros andomission insuranceD.The licensee has any economic in theproperty2. A seller talks with three different agents toestablish probable selling price for a home.The first agent market analysis suggests aprice around $79,900. The second agent'smarket analysis suggest approximately$81,500. The third agent does not researchany comparables but simply list the home at$91,500. Three months later the property sellsfor $76,900. The agent's behavior suggestsA.Failure to discloseB.NegligenceC.MisrepresentationD.Puffing3. The seller has required that the buyer mustuse his title insurance company. The sellerhas been told that if the buyer uses the titlecompany, they will pay part of his real estatecommissions, increasing his net proceedsfrom the sale, Is this a legally permissibleagreement?A. This is illegal according to RESPAB. This illegal according to Regulation ZC. This is permissible if the buyer wasreceiving a VA loanD. This is permissible if no fee is paid directlyto the seller

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of T.a licensee must prOVide disciosure licensed status when acting as a principal if A.Any relative of the licensee has ever lived in the residence B.The agent of the other party ask about this specifically C.The licensee does not have eros and omission insurance D.The licensee has any economic in the property

of T.a licensee must prOVide disciosure licensed status when acting as a principal if A.Any relative of the licensee has ever lived in the residence B.The agent of the other party ask about this specifically C.The licensee does not have eros and omission insurance D.The licensee has any economic in the property

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

1.a licensee must provide disclosure of
licensed status when acting as a principal if
A.Any relative of the licensee has ever lived in
the residence
B.The agent of the other party ask about this
specifically
C.The licensee does not have eros and
omission insurance
D.The licensee has any economic in the
property
2. A seller talks with three different agents to
establish probable selling price for a home.
The first agent market analysis suggests a
price around $79,900. The second agent's
market analysis suggest approximately
$81,500. The third agent does not research
any comparables but simply list the home at
$91,500. Three months later the property sells
for $76,900. The agent's behavior suggests
A.Failure to disclose
B.Negligence
C.Misrepresentation
D.Puffing
3. The seller has required that the buyer must
use his title insurance company. The seller
has been told that if the buyer uses the title
company, they will pay part of his real estate
commissions, increasing his net proceeds
from the sale, Is this a legally permissible
agreement?
A. This is illegal according to RESPA
B. This illegal according to Regulation Z
C. This is permissible if the buyer was
receiving a VA loan
D. This is permissible if no fee is paid directly
to the seller

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