SUPERIOR SCHOOL OF REAL ESTATE FINAL EXAM WITH GUARANTEED ACCURATE ANSWERS
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SUPERIOR SCHOOL OF REAL ESTATE
Institution
SUPERIOR SCHOOL OF REAL ESTATE
Which of the following would create legally binding acceptance of a written offer? - Accurate Answers The seller's agent emails the buyer's agent that the seller signed the offer as written.
A broker is preparing a comparative market analysis (CMA) for a subject property with 3200 square feet. A...
SUPERIOR SCHOOL OF REAL ESTATE
FINAL EXAM
SUPERIOR SCHOOL OF REAL ESTATE FINAL EXAM WITH GUARANTEED ACCURATE
ANSWERS
Which of the following would create legally binding acceptance of a
written offer? - Accurate Answers✔✔✔ The seller's agent emails the
buyer's agent that the seller signed the offer as written.
A broker is preparing a comparative market analysis (CMA) for a
subject property with 3200 square feet. A comparable property has 2750
square feet. The estimated value of 450 additional square feet is $22,500.
The broker should... - Accurate Answers✔✔✔ Add $22,500 to the sales
price of the comparable property.
An option to purchase has been created for a one hundred acre parcel of
farmland. During the one-year option period, the option he has the right
,to... - Accurate Answers✔✔✔ Execute the option to purchase on the
terms in the option agreement.
A buyer is under contract to purchase a home for $370,000 and has
qualified for an 80% loan-to-value mortgage loan at an annual interest
rate of 45%. How much will the buyer owe for the 1% loan origination
fee and 1 1/2 discount points associated with this loan package? -
Accurate Answers✔✔✔ $7,400
The buyer and the seller in a failed transaction cannot agree on how to
disburse the earnest money deposit being held in the listing firm's trust
account. The listing firm must retain the records of this transaction for 3
years after the... - Accurate Answers✔✔✔ Date the earnest money is
disbursed.
Which of the following is an example of personal property that could
typically be removed by the seller of a residential property? - Accurate
Answers✔✔✔ A tree house constructed in a tree on the property that
can be removed without damage to the tree.
Which of the following properties would be the best comparable for an
appraiser to use for an appraisal of a two-story subject property with 3
bedrooms and 2 baths in a subdivision near the downtown area of a city?
- Accurate Answers✔✔✔ 3 bedrooms, 2 baths two-story house in a
nearby similar subdivision.
Which of the following is a legal property management practice under
the Federal Fair Housing Act as amended in 1998? - Accurate
, Answers✔✔✔ Requiring a credit report and a criminal background
check for all applicants.
How and when must a broker notify an unrepresented buyer that the
broker represents the seller? - Accurate Answers✔✔✔ In writing, before
obtaining any personal information from the buyer.
Excise tax on real property in North Carolina is... - Accurate
Answers✔✔✔ $1per$500
Which of the following scenarios best illustrates first substantial
contact? - Accurate Answers✔✔✔ Seller states that she must relocate by
the end of the year.
Liens, restrictive covenants, easements, and encroachments are all
examples of... - Accurate Answers✔✔✔ Encumbrances.
A detached workshop extends over the property line onto the
neighboring lot by six inches. This legally constitutes as a (an)... -
Accurate Answers✔✔✔ Encroachment.
A North Carolina broker is required to deliver all executed contracts to
his/her clients no later than... - Accurate Answers✔✔✔ Three days after
receipt by the broker.
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