Exam (elaborations)
National Brokerage Final Exam Questions And Accurate Answers (A+)
- Course
- Institution
National Brokerage Final Exam Questions And Accurate Answers (A+)...
[Show more]
Content preview
National Brokerage Final Exam Questions AndAccurate Answers (A+)
What does a carryover clause do?
A. It protects the seller if the buyer cancels the sale
B. It allows for a six-week extension to the listing contract
C. It allows the broker to collect commission for some period of time after the listing has
expired
Prevents the seller from doing a FSBO sale up to six months after the listing expires -
Answer Allows the broker to collect a commission for some period of time after the
listing expires
What is the most important document at closing?
Settlement statement
Deed
Inspection reports
Listing contract - Answer Deed
Which of the following is a variable expense?
Real estate taxes
, Insurance
Advertising
Utilities - Answer Utilities
Which of the following is NOT a source of information related to professional ethics?
Federal laws
Licensing regulations
Real estate marketing copy
Real estate associations - Answer Real estate marketing copy
What is risk management as it relates to property management?
Controlling and limiting risk through proper insurance
Limiting financial risk via the operating budget
Overseeing preventive maintenance
Keeping the grounds cleared to
eliminate accident risk - Answer Controlling and limiting risk through proper insurance
Which of the following is responsible for completing a property disclosure statement?
Broker's office assistant
The cooperating agent
The sellers
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Easton. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80796 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now