Exam (elaborations)
CE Final Exam RE, The CE Shop Test, Real Estate Final Exam questions and answers.
CE Final Exam RE, The CE Shop Test, Real Estate Final Exam questions and answers.
CE Final Exam RE, The CE Shop Test, Real Estate Final Exam questions and answers.
CE Final Exam RE, The CE Shop Test, Real Estate Final Exam questions and answers.
CE Final Exam RE, The CE Shop Test, Real Estate Fi...
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CE Final Exam RE, The CE Shop Test, Real
Estate Final Exam questions and answers
______
/is /
a
/process
/in
/which
/an
/appraiser
/determines /a /probable /range /of /values /for /a /property /by /comparing /a /group /of /comparable /sales
/to /the /subject. /The /appraiser /attempts /to /include /both /superior /and /inferior /units /of /comparison,
/such /as /age, /transaction /price, /etc.
Bracketing
Bridging
Substituting
Surrounding /- /correct /Answers /✔✔ /-Bracketing
The /number /of /properties /available /describes /this /factor /that /influences /value.
Demand /
Scarcity
Transferability /
Utility /- /correct /Answers /✔✔ /-Scarcity
,Related /to /demand, /and /reflects /the /supply /of /property, /or /lack /thereof.
Which /of /the /following /statements /about /agents /and /the /duty /of /obedience /is /true?
An /agent /can /ignore /a /client's /instructions /if /they /negatively /affect /the /agent's /commission.
An /agent /should /carry /out /the /client's /instructions /as /long /as /they /are /within /the /law. /
An /agent /should /never /question /a /client's /instructions.
The
/duty
/of /obedience /extends /beyond /the /termination /of /the /agency /agreement. /- /correct /Answers /✔✔ /-
An /agent /should /carry /out /the /client's /instructions /as /long /as /they /are /within /the /law.
Carson
/is /purchasing /a /$600,000 /property /by /obtaining /an /80/20 /loan. /How /much /is /Carson /financing?
$120,000
$420,000
$480,000
$600,000 /- /correct /Answers /✔✔ /-$480,000
Appraiser
/Niles
/uses
/______
/to
/determine /
a /range /of /values /based /on /comparing /a /subject /property /to /comparable /sales. /He /makes /sure /to
/use
/some
/comparables
/that /lack /features /of /his /subject /property, /and /others /that /have /even /more /desirable /features, /to
/balance /out /the /comparison.
Bracketing
,Competition
Correlation
Substituting /- /correct /Answers /✔✔ /-Bracketing
What /does /REO /stand /for? /
Real /estate /office
Real /estate /owned
Rental /equality /ownership
Rental /equal /opportunity /- /correct /Answers /✔✔ /-Real /estate /owned
What /does /the /rectangular /government /survey /system /use /as /the /basis /for /legal /descriptions?
Principal /meridians, /base /lines, /and /sections
Reference /to /a /subdivision /plat
Reference /to /degrees /latitude /and /longitude
The /beginning /point /of /a /boundary /line /as /identified /by /a /surveyor /- /correct /Answers /✔✔ /-
Principal /meridians, /base /lines, /and /sections
Which
/entity
/ensures /that /contractors /perform /their /work /according /to /code /by /inspecting /their /job /sites?
City /hall
The /attorney /general
The /building /department
The /secretary /of /state /- /correct /Answers /✔✔ /-The /building /department
Randi
/is /
a
/licensee
, /who
/would
/like
/to
/update
/her
/advertising.
/What /must /she /be /sure /to /include /on /any /advertising /listed /with /her /or /any /other /brokerage?
Brokerage /name
Fax /number
Franchise /logo
Personal /photo /- /correct /Answers /✔✔ /-Brokerage /name
Seller
/Randy
/signed /
a
/listing
/agreement
/with
/Barbara,
/who
/worked
/very
/hard
/to
/find
/him /
a
/buyer.
/Randy's
/cousin /decided /to /purchase /the /house /during /the /listing /period. /Is /Barbara /owed /a /commission?
No, /because /sellers /don't /have /to /pay /a /commission /if /a /relative /purchases /the /property. /
Yes, /because /Randy /is /not /a /licensee.