If the broker finds out - Study guides, Class notes & Summaries

WA Fundamentals Final Exam Questions and Answers Already Passed A $4,500 earnest money check bounces because of insufficient funds. The first thing the broker should do is: A. notify escrow to charge this amount, plus the bounced check fee, to the buyer B. Notify the borrower C. Notify the principals D. Write a personal check for $4,500 to cover the shortage C. Notify the principals A and B sign a rental agreement in which A agrees to lease her property to B in exchange for rent...

NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED In most cases, broker compensation, as a percentage of home price, falls somewhere between: 5-7% A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act What happens to trade fixtures after a business moves out of a leased property? The tenant remo...

Which of the following is most vital or important in planning a subdivision: - ANSWER-Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - ANSWER-Percentage Lease What is not an adequate method of transferring property? - ANSWER-Executive Sale What is considered personal property? - ANSWER-Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value...

Question: A sublessee is a(n) - Tenant Question: A major disadvantage of owning investment property might be - Lack of Liquidity Question: The most favorable thing about a VA loan is that - VA loans guaranty gives the veteran favorable financing terms because the lender is protected from loss Question: Once the funds of a construction loan are disbursed to the contractor, and if the sub-contractor is not paid, - . The sub-contractor can file a lien against the home, even if the home is sold, ...

Rockwell Exam Real Estate Classes WA Final Exam 1 Questions and Answers Already Passed A $4,500 earnest money check bounces because of insufficient funds. The first thing the broker should do is: A. notify escrow to charge this amount, plus the bounced check fee, to the buyer B. notify the borrower C. notify the principals D. write a personal check for $4,500 to cover the shortage C. notify the principals Both principals (the buyer and the seller) are parties to the escrow instr...

Quiz :Who can train office staff at a brokerage firm in weekly meetings? - Correct Answers:All of the above Quiz :Which step in the construction building process is likeliest to be first? - Correct Answers:Grading Quiz :Without legal capacity and mutual consent in place, courts may likely do what to the existing contracts or agency relationships? - Correct Answers:All of the above Quiz :The term "business ethics" applies to which of the following statements? - Correct Answers:A...

What is the name for the act of spending client funds without permission from a trust fund account? - ️️Conversion Without legal capacity and mutual consent in place, courts may likely do what to the existing contracts or agency relationships? - ️️All of the above Which step in the construction building process is likeliest to be first? - ️️Grading The term "business ethics" applies to which of the following statements? - ️️A form of applied ethics that examines ethical p...

CISR - Agency Operations Exam 65 Questions with Answers Professional - CORRECT ANSWER One engaged in an occupation requiring a high level of training and proficiency To be recognized as knowledgeable, gain public trust, avoid government regulation, enhance credibility - CORRECT ANSWER What are the benefits of being ethical? True - CORRECT ANSWER Is this example an ethical issue? Rating a vehicle using the wrong classification No - CORRECT ANSWER Are you allowed to sign for the insu...

FIN2601 Assignment 2 (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references ... Question 1 Complete Mark 1.00 out of 1.00 QUIZ The financial manager of Summer Financial Group is tasked with evaluating the standard deviation of a proposed investment project. This analysis aims to provide insights into the potential risk associated with the project's expected returns, which are linked to the ...

ASREB State Test B-2 Questions and Answers Graded A+ A broker lists the Wilson's property, and only Mr. Wilson signs the listing. The broker finds a buyer who is ready and willing to buy the property under the terms of the listing. Mrs. Wilson refuses to sign the sales contract. Which of the following is true regarding the commission? Only Mr. Wilson is responsible Both Mr. and Mrs. Wilson are responsible Only Mrs. Wilson is responsible Neither party is responsible Both Mr. and Mrs....