Utah Real Estate School - Brokerage Agreements And
Utah Real Estate School - Brokerage Agreements and
Exam (elaborations)
Utah Real Estate School - Brokerage Agreements and Management Practice Exam (Graded A+ actual test)
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Course
Utah Real Estate School - Brokerage Agreements and
Institution
Utah Real Estate School - Brokerage Agreements And
Which of the following statements is not true concerning security deposits? - The security deposit
is landlord property until and unless it must be refunded.
What are the three kinds of maintenance a manager has to carry out for a managed property? -
Routine, preventive, and corrective.
An agen...
Utah Real Estate School - Brokerage
Agreements and Management Practice
Exam
Which of the following statements is not true concerning security deposits? - The security deposit
is landlord property until and unless it must be refunded.
What are the three kinds of maintenance a manager has to carry out for a managed property? -
Routine, preventive, and corrective.
An agent contacted an owner to see if they might want to sell the property. The agent said, "I think I can
get you $250,000," which surprised the owner. The owner said, "Ok, and anything over that can be your
commission." This is: - a net listing and could be grounds for disciplinary action against the agent.
Which of the following risk management strategies involves the purchase of insurance? -
Transference.
Which of the below listed lease termination procedures is enacted only by the tenant, and leaves the
landlord with the option to terminate the lease or seek damages? - Abandonment of the
premises.
What clause in a lease would you use to increase rent payments over time? - an escalator clause.
Procuring Cause - is traceable by an uninterrupted series of casual events.
An example of consequential loss would be - Loss of income
A consequential loss occurs secondarily to the primary loss.
EX: a fire forces the business to close for repairs, thus costing the business a loss of income until the
business can reopen
, In order for a tenant to legally claim constructive eviction which of the following conditions must apply? -
The property becomes uninhabitable.
The Americans with Disabilities Act requires property managers to - ensure that disabled
employees have the same level of access to facilities that all employees have.
How does a constructive eviction occur? - A tenant declares a landlord in default and vacates the
leased premises.
A basic responsibility of a landlord is to - deliver a habitable property.
A transaction broker agreement may have a clause to automatically extend the agreement - if a
transaction is underway when the agreement expires.
Trust funds to be handled by a property manager are likely to include all of the following except -
cash for the management firm's operating expenses.
If a landlord fails to maintain a property in livable condition, and the tenants are forced to move out for
safety reason, this is called - constructive eviction.
The BEST final screening process in selecting tenants is which of the following: - Background and
credit check.
Which of the following rights does the landlord typically retain when leasing a property? -
Disposition.
Property managers have a ______ relationship with the property owner. - Fiduciary.
Cash flow is more accurately defined by which of the following statements? - The cash available
for distribution to owners during any period, after all periodic expenses and obligations are paid.
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