Term 1 of 55
which of the following would create a dual agency situation:
two agents working under a broker representing the buyer and seller in the same
transaction
two separate brokers representing the buyer and seller independently
one agent representing only the buyer in a transaction
a single agent representing multiple buyers in different transactions
Term 2 of 55
which of the following is required to operate as an advance-fee rental agent?
access to the multiple listing service
a written contract with prospective tenants
proper writing
two agents working under a broker representing the buyer and seller in the same
transaction
Term 3 of 55
When agent Andy took a listing he promised the seller that he would advertise the property in a
magazine until it was sold. Andy did not do the advertising that he promised. Andy is guilty of:
constructive fraud
negligence
blind ad
actual fraud
,Definition 4 of 55
the ability of the seller to deduct all of his future rent payments as business expenditures.
which of theses properties are exempt from paying real estate taxes?
which of the following would create a dual agency situation:
the main purpose of "RESPA" (Real Estate Procedures Act) is to:
one of the main benefits of a sale-leaseback transaction would be;
Term 5 of 55
definition of market value is concerned with:
market value
cost approach
objective value
market cost
Term 6 of 55
An appraiser's narrative appraisal report of a single-family residence probably would contain no
reference to:
the appraisers qualifications
lender
a special studies zone map
a buyers financing
, Term 7 of 55
What type of an appraisal license is required to appraise a commercial strip mall valued at
$700,000:
certified general license
general purpose appraisal license
for any reason
general agent
Term 8 of 55
When the deposit receipt on the sale of a house states that the property is being sold "as is," it:
indicates the seller is not responsible for any inspections
means the buyer cannot ask for repairs or concessions
also requires a real estate transfer disclosure statement
allows the buyer to cancel the sale without penalty
Term 9 of 55
A title company could make make a title search by searching the records of the:
state legislature archives and local government offices
national real estate associations and private firms
real estate agent listings and online databases
county recorders federal land and county clerks office
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