A seller listed property Study guides, Class notes & Summaries
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Barney Fletcher Final Exam | 100 Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 28 pages • 2024
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A seller wants to list the property with a broker, but wants to avoid paying any commission should the 
seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid 
signing? 
A. an exclusive agency listing 
B. an exclusive right to sell listing 
C. an open listing 
D. all listings - B. an exclusive right to sell listing 
Mr. Smith listed his farm with broker Bob. Although Smith did not tell him, Bob knew he had to sell due 
to poor health. What should...
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024
- Exam (elaborations) • 38 pages • 2023 Popular
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024 
A written agreement in which a purchaser agrees to buy and a seller agrees to sell is 
called ️ a contract 
Antitrust laws prohibit competing brokers from all of the following ️ 1. boycotting 
other brokers in the marketplace. 
2. dividing the market to restrict competition. 
3. agreeing to set sales commissions and management rates. 
When a sewer line is installed down a rural road, the cost will probabl...
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NJ real estate exam questions and answers 100% pass
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NJ real estate exam questions and answers 100% pass 
Which of the following is a permitted free offering? o- 
A. A complimentary home warranty with every listing 
B. A coupon for a discounted commission on listing services 
C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings C. A Free dinner for attendees at a homebuyers' evening seminar 
Depreciation usually applies to . 
A. the building only. 
B. the land only. 
C. both the land ...
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WRA EXAM QUESTIONS WITH CERTIFIED SOLUTIONS
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WRA EXAM QUESTIONS WITH CERTIFIED SOLUTIONS 
The WB-11 Residential Offer to Purchase describes which of the following as the way an earnest money payment should be handled as a result of a sale involving cooperating firms? The selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earnest Money section of the offer states: "Unless otherwise agreed, earnest money shall be paid to and held in the trust account of the listing broker." 
An appra...
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MRL3701 EXAM PACK 2024
- Exam (elaborations) • 485 pages • 2023
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MRL3701 
INSOLVENCY LAW 
PAST EXAM PACK QUESTIONS AND ANSWERS 
SUMMARISED NOTES 
S - The study-notes marketplace 
MRL 3701 
OCTOBER/NOVEMBER 2018 
QUESTION 1 
a) Inability to pay debts is, at most merely evidence of insolvency. (page 3) 
b) Brenda’s application for voluntary surrender must be set out the causes of her 
insolvency in some detail to enable the court to determine whether the 
application is ......................... 
c) Christopher commits an act of insolvency by depar...
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Real Estate Final Exam (150 Questions)-Answers| Complete soulution guide| Already Graded A-2023/2024
- Exam (elaborations) • 31 pages • 2023
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Real Estate Final Exam (150 Questions)-Answers Already Graded A-2023/2024 
A real estate licensee has a buyer agency agreement. What is the seller in this 
situation? 
A customer. 
An optionor and an optionee make a contract for an option on a commercial piece 
of property. If the optionee decides to exercise his option, when must he perform? 
He must exercise his option under the terms of the option contract. 
When can a landlord evict a disabled blind or disabled tenant from the premises? 
I...
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Champions Real Estate Marketing SAE Exam with complete solutions
- Exam (elaborations) • 10 pages • 2023
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Most common reason a property fails to sell is - Answer- price 
 
Matching human needs with goods or services to meet those needs is the process of - Answer- marketing 
 
_____________________ is a key personality trait of a successful agent - Answer- problem solving 
 
3 Ways Sales Agents Add Value to the Buying Process - Answer- Counseling, Negotiating, and Managing the transaction 
 
Four P's of marketing real estate - Answer- product, promotion, price and place 
 
How can you know your prod...
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Colorado Real Estate – Contracts Exam Questions and Answers 100% Pass
- Exam (elaborations) • 48 pages • 2024
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Colorado Real Estate – Contracts Exam 
Questions and Answers 100% Pass 
vicarious liability - Correct Answer ️️ -a principal's liability for an agent's acts performed 
within the scope of the agency; specifically excluded by Colorado statute from a 
principal's liability unless the act or omission was approved, directed or ratified. (The 
employing broker is responsible to licensees actions) 
Sam is an associate broker who wishes to purchase investment property. What must 
Sam do when t...
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Real Estate U Final Exam 2-Answered correctly-latest 2023/2024
- Exam (elaborations) • 11 pages • 2023
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Real Estate U Final Exam 2-Answered correctly-latest 2023/2024 
Real Estate U Final Exam 2-Answered 
correctly-latest 2023/2024 
Which of the following are tax-deductible expenses resulting from home 
ownership? 
Mortgage interest and property taxes 
Which of the following is true regarding the $500,000 exemption, in the sale of a 
personal residence, for a married couple filing jointly? 
A married couple can use the $500,000 joint exemption if only one meets the 
ownership requirement, 
but...
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Pearson Vue Test Questions and answers, 100% Accurate, Graded A+. Approved.
- Exam (elaborations) • 42 pages • 2023
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Pearson Vue Test Questions and answers, 100% Accurate, Graded A+. Approved. 
 
 
Which of the following terms BEST describes personal property that, by its attachment to real property, is regarded as real estate? 
 
A. 
Emblements 
 
B. 
Personality 
 
C. 
Fixtures 
 
D. 
Appliances - -C 
 
A salesperson who completes a written listing agreement with a seller is helping to create a contractual relationship between the: 
 
A. 
salesperson and the seller 
 
B. 
salesperson and the buyer 
 
C. 
sal...
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