When dealing with money the rules all reference "banking" not business days. b) a class 3 felony. d) Brokers are allowed to complete any lease, provided all parties agree. B) purchasing approaches c. The supply of goods is sold by the sellers with the lowest costs. C) maximum solution 1) Which one of the following documents is least like a binder? d) estates from period to period. C) accessible The buyers are interested in another property. b) It could be a violation of state licensing laws. B) not required to disclose the information because the seller might reject the offer. D) Step 1-needs-based segmentation Is Biden Raising Mortgage Payments for People with Good Credit? d. all of the above D) operating variables \text { Name } & \text { Number of Shares } & \text { Total Cost } & \text { Total Fair Value } \\ \end{array} A The buyer has the right to inspect the goods only if the buyer purchases them on layaway. a) The lender calculates what's owed and tells the buyer what to bring. What type of contract does Bill hold? A crosstabulation of type of customer (regular or promotional) versus net sales. Projected profit margins. It is part of a body of law established by tradition and court decisions a) increase the interest rate as the principal declines. Anti-trust laws prohibit all of the following, EXCEPT: A. property management companies all agreeing to charge standardized management fees, B. three different brokerage firms allocating markets based on the value of homes, C. real estate companies agreeing not to cooperate with a broker because of the fees that broker charges, D. a broker requiring all the agents of his firm to join the local listing service, a broker requiring all the agents of his firm to join the local listing service. They have the right to review the completed settlement statement how long before closing? Diff: 2 6) Pampers divides its market demographically on the basis of ________ into prenatal, new baby, baby, toddler, and preschooler. Over 300 California Real Estate Practice Exam questions to pass Tests! Which of the following statements is true of obtaining commitment from a buyer? Diff: 1 #5. Ricardo does not tell the listing agent anything about a fence. 7) What contract provision shows a division of expenses between buyers and sellers? #3. When the party who made the offer is notified of its acceptance. This means that. 1) Which type of lease has no automatic renewal? c) A borrower can request the cancellation of PMI payments when the equity reaches 20% of the purchase price. A) measurable a) every four years. 2) Which kind of lease has no time limit? D) segment "acid test" d) Designed for law clients who are unable to get reimbursement from their lawyer who has caused them loss. 14) Which of the following is NOT an FHA loan requirement? AACSB: Reflective thinking, 19) A marketer is interested in segmenting a business market based on technology and customer capabilities. d. all of the above b) This mortgage type is popular among the elderly. d) Amanda has done nothing wrong. a) estates at will. a) The borrower must occupy the property. B) A segment is unattractive if buyers possess strong or growing bargaining power. 4) What is the purpose of the Lawyers' Fund? c. the firm can identify opportunities for expanding the relationship. e. both (c) and (d), Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Finite Mathematics for Business, Economics, Life Sciences and Social Sciences, Karl E. Byleen, Michael R. Ziegler, Raymond A. Barnett, Morality and Justice Exam Review Guide Cards. e. (a) and (c) only. _____ illuminates exactly what activities are associated with serving a particular customer and how these activities are linked to revenues and the consumption of resources. 6) Which contract element indicates a mutual agreement? 12) Paul will get the second quarter water bill at the end of June. A potential buyer can make an issue a material fact by asking about or expressing their intentions. 8) Which of the following summarizes the general terms of a ground lease? 9) Which of these would be a CREDIT to the seller at closing? The $20,000 is what type of mortgage? This is an opportunity to assure the sellers that these buyers will appreciate and care for the home. The rate of commission to be lawfully charged in a real estate transaction is set by: #12. Diff: 3 A licensee has just discovered a roofing leak in one of his current listings even though the seller has indicated no representation on the Residential Property Disclosure Statement. 2) Which of the following terms is not used to describe a binder? A) differentiated market An offer or counteroffer can be withdrawn at any time before it has been accepted. d) carry prepayment penalties, while government-backed loans do not. E) differentiated, Answer: B B) undifferentiated c) is subordinate to a first mortgage. 1) Broker Norm prints and completes lease agreements to which he is not a party. Solved Label each the following statements about the | Chegg.com #12. This takes a positive view of the price. 1) Prospecting for buyers is easier than prospecting for sellers. d. intend to move each partner toward the attainment of some long-term strategic goal. a) A listing agreement b) A personal services agreement c) A sale contract d) An option to buy. #1. b) survey. Whether working with a client or a customer a licensee has a duty to disclose all material facts. A counteroffer by a seller to a buyer turns the seller from offeree to offeror. Diff: 2 c. relationship commitment. A. listing agent = duty to disclose listing 411 sheet that fences were not permitted. d) Interest is based on a selected economic indicator index. a) Estate For Years b) Estate At Will c) Estate At Sufferance d) Estate At Order. E) full market coverage, Answer: A B) It is a process of evaluating each segment's attractiveness and selecting one or more to enter. c. Buyers prefer collaborative relationships when the purchase decision is not complex. 4) What form does RESPA require to be used for itemizing closing costs? a) for a buyer who plans to own the property for a short time and believes the property will appreciate during that time. operations. D) purchasing approaches There is no obligation of a seller to disclose the defect, though the seller has a mandatory duty to complete the Disclosure Statement. 8) Which of the following is not an item that a seller usually pays at closing? 11) Fred has an existing property mortgage, but seeks a second loan. What must be enforced for this contract to be binding? Diff: 2 b. the number of competitors in the particular industry. a) Interest Only b) Balloon c) Amortized d) Adjustable rate. Which statement is TRUE of a listing agreement? C) accessible #6. share plus a$100 brokerage fee. D) impulsiveness a) After a cooling period b) After both parties have signed it c) After it is performed d) After the parties agree to their respective promises. Present the $208,000 offer today and wait for a response from the sellers before he presents the other offer. C) shifting loyals E) Their needs are usually harder to define than for final consumers. c) excusable. a) Condominium purchase b) Seller-financed loan c) Loan involving a second mortgage d) Federally-insured loan. A) It obligates the seller to transfer the property if the broker procures a ready, willing, and able buyer. a) Use provisions b) Demising clause c) Description of premises d) Alienation clause. d. Operational linkages and relationship connectors. Which of the following would likely NOT constitute a violation of the Sherman Antitrust Act? d) require higher down payments than government-backed loans require. a) Accounts Payable b) Accounts Receivable c) Impound Account d) Forward Account. b) executable. c) homeowner's insurance. 6) In which contract section might you the property address? E) gatekeeper, Answer: A C. The process of obtaining commitment occurs only toward the end of any sales call. 3) Which statement best defines the concept of "quiet enjoyment? 6) Broker Amanda prepares a sales contract, collects the earnest money and deposits it in her business account. AACSB: Analytical thinking; Application of knowledge, 67) Marketers usually identify niches by ________. c) the mortgage itself provides the only security for the loan. b) The mortgage contingency clause is not valid. b. Transactional exchange Question: 1. c) a promise note. c) To reimburse clients for money that was misused by their attorney. A) need-based segmentation D) socio-economic infrastructure 6) What type of loan typically has a low initial rate followed by higher rates? c. Relationship marketing each) ________1. Part i true or false item write true if the statement - Course Hero Value can be defined as the _____ benefits received by a customer firm in exchange for the price paid for a product offering. \text { Typhoon Corp. } & 2,140 & \underline{~~43,870} & \underline{~~42,800}\\ B) The basic aspects of business customer buying behavior tend to be quite similar in the U.S. and in international markets. Be sure all requested inspections have been ordered. c) A borrower can request the cancellation of PMI payments when the equity reaches 20% of the purchase price. 9) PMI loans made after July 1999 are now regulated by Federal law. c) Interest is determined by a combination of fixed loans and outstanding loans. 6) Broker Sara completes a preprinted sales contract. d) no money down. If the buyer backs out of the contract without good reason, the offer to purchase contains a printed clause that says the seller may keep the deposit as: a. equity. 7) What kind of lease contains a recapture clause? C) product specialization c) Brokers may not complete leases to which they are not a party. Each of their payments is for the same amount B. Which of the following statements is(are) true? a) Wraparound Loan b) Bridge Loan c) Swing Loan d) Ancillary Loan. d. the lost-for-good customer. a) Receipt b) Contract for sale c) Agreement d) Purchase offer. Earnest money deposits, when paid in the form of a personal check given on an Offer to Purchase and Contract, must be deposited in an escrow account: A. no later than three banking days after acceptance of contract, B. no later than 72 hours after receipt of money, C. no later than three business days after receipt of the money, D. no later than 72 hours after acceptance of contract, no later than three banking days after acceptance of contract. Customer profitability
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