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PRINCIPLES Real Estate Practice Chapter 19 Exam Practice Questions And Answers With Verified Solutions 100% Correct!!! $14.49   Add to cart
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PRINCIPLES Real Estate Practice Chapter 19 Exam Practice Questions And Answers With Verified Solutions 100% Correct!!!
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PRINCIPLES Real Estate Practice Chapter 19 Exam Practice Questions And Answers With Verified Solutions 100% Correct!!!

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  • November 20, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • principles real estate practice chapter 19 exam pr
  • 1 of 50 what is one of the major objectives of p
  • 2 of 50 which of the following newspaper informa
  • 4 of 50 glenna and amanda just bought their f

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  • Certified Professional Property Specialist
  • Certified Professional Property Specialist

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PRINCIPLES Real Estate Practice
Chapter 19 Exam Practice Questions
And Answers With Verified Solutions
100% Correct!!!
1 of 50 - What is one of the major objectives of professional property
management?


A. Maximize the return to the property management firm.
B. Minimize expenses while maximizing profits for the owner.
C. Help control area rent schedules.
D. Maintain 100 percent occupancy. - ANSWER✔✔ B. Minimize expenses while
maximizing profits for the owner.


2 of 50 - Which of the following newspaper information is not helpful in
developing a Prospecting Plan?


A. Birth and Death Announcements
B. Code Violations and Tax Delinquencies
C. Promotions and Job Transfers
D. Editorials and Bid Proposals - ANSWER✔✔ D. Editorials and Bid Proposals


3 of 50 - The title report on a property shows there is a lien on the property. Who is
responsible for removing the lien to clear the title?


A. Broker
B. Title company

,C. Buyer
D. Seller - ANSWER✔✔ D. Seller


4 of 50 - Glenna and Amanda just bought their first home. They will have a
number of new expenses as a result of this purchase. Which of these expenses is
not associated with owning a home?


A. Real estate taxes
B. Interest on the loan
C. Personal property tax
D. Homeowner's insurance - ANSWER✔✔ C. Personal property tax


5 of 50 - Once signed, escrow instructions can be changed only by:


A. The escrow agent
B. The broker
C. Amending the purchase agreement
D. Mutual consent of both parties - ANSWER✔✔ D. Mutual consent of both
parties


6 of 50 - Mortgage lenders are required to disclose financing costs and annual
percentage rate to the borrower under which law or regulation?


A. Equal Credit Opportunity Act
B. Truth in Lending
C. Real Estate Settlement and Procedures Act

, D. Fair Housing laws - ANSWER✔✔ B. Truth in Lending


7 of 50 - When doing a competitive market analysis, the recently sold properties
you include should have sold within what timeframe?


A. The past month
B. Past three to six months
C. Past seven months
D. Last six to nine months - ANSWER✔✔ B. Past three to six months


8 of 50 - Eric is acting as a disclosed dual agent in a transaction. Which statement
is true?


A. Eric can require that both the buyer and seller share equally in his commission.
B. He must withdraw his representation of one of the parties.
C. Eric may not represent the seller's interests to the detriment of the buyer.
D. Eric's broker should appoint Eric as the designated agent in this transaction. -
ANSWER✔✔ C. Eric may not represent the seller's interests to the detriment of
the buyer.


9 of 50 - Veteran Bill has applied and been approved for a non-VA-guaranteed
CalVet loan. Which of the following statements is not true?


A. Bill will pay a 3% down payment.
B. Bill is purchasing a 6-family apartment building.
C. If Bill pays off the loan early, there will be no prepayment penalty.

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