CE Final Exam RE, The CE Shop Test,
Real Estate Final Exam Questions And
Answers With Verified Solutions 100%
Correct!!!
______ 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.
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. -
ANSWER✔✔ 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?
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.
,Real estate office
Real estate owned
Rental equality ownership
Rental equal opportunity - ANSWER✔✔ 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 - ANSWER✔✔
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 - ANSWER✔✔ 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 - ANSWER✔✔ 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.
Yes, because she worked hard for Randy.
Yes, if she has an exclusive right-to-sell agreement. - ANSWER✔✔ Yes, if she has
an exclusive right-to-sell agreement.
Mario doesn't want to include a religious preference in his listing ad, so which of
the following phrases should he use?
Apartment available for members of attached temple
Close to Catholic cathedral
Jewish community
Within walking distance to a mosque - ANSWER✔✔ Apartment available for
members of attached temple
Homeowners can take several actions related to pest infestations, but which of the
following actions should be left to licensed pest management professionals?
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