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CE Final Exam RE, The CE Shop Test, Real Estate Final Exam questions and answers.
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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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  • August 24, 2024
  • 96
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ce final exam re the ce shop test real estate fi

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  • CE Shop
  • CE Shop

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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.

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