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real estate practice final exam

Susan is buying a house from Mark, but would also like to purchase the couch in the living room. 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A detailed schedule that shows the seller everything you will do to market the property is called a: 35. Study more effectively: skip concepts you already know and focus on what you still need to learn. Which tip could be used to help you write an effective and appealing ad? b. 86. When the sellers and buyers reach an agreement about the sale of the property, they: 23. To learn as much as possible about the buyer's needs. 2. To divide or distribute expenses proportionately is to ____________ expenses. This section of the Real Estate Licensing Exam makes up approximately 17% of the whole exam and it covers knowledge of real estate trends and developments, fair practice laws, math calculations, and real estate forms. When is a good time to present your commission to the seller? When negotiations to purchase a home have begun, After a purchase and sale agreement has been executed. According to the NAR Profile of Home Buyers and Sellers, what do buyers frequently use to search for homes? Have a passion for selling houses? What is a characteristic of the A-Frame style? Subject. What should you use as a guide when creating an action plan for real estate? Suffocation. Which of the following is an example of outdoor advertising? What is a form of online publication that allows end users to engage in conversations related to the content on a website? In order to be valid, a goal must be: 21. a. The first broker to obtain a buyer who meets the terms of the listing, and whose offer is accepted by the seller, earns the commission. One of the most important factors for customer satisfaction is: 60. Of the following, what should a sales associate do to present a winning and professional listing presentation? © copyright 2003-2020 Study.com. The security pledged for repayment of a loan is called: 50. Click here to study/print these flashcards. 88. Most states administer the tests … Get a distraction blocker for your computer. Of the 100-150 questions, 60-80 will be state-specific questions, while the other 80-100 will be general real estate concepts. Although this is the most efficient use of prospecting time, many salespeople resist: 77. 97. 79. A written disclosure regarding the agency relationship before the buyer makes an offer to purchase. Which of the following is not part of the agency disclosure process? What should she do to prepare for an open house? While you are explaining the costs in the net sheet. You should advise the seller to prepare his or her home for sale by: c. scheduling a professional home inspection. A loan made by lenders without any governmental guarantees is called a: 22. Our Exam Prep course is the final and most important step in your education before you take the Texas Real Estate license exam. You will have between 2-4 hours … Real Estate Exam Prep Final Free Practice Test Instructions. 62. With that CA real estate practice exam around the corner, the practice test below is designed to help you see how ready you are for the California real estate … Earn Transferable Credit & Get your Degree. 17) A … Which insurance policy covers various claims for mistakes, neglect, or carelessness in the normal business activities of a real estate brokerage? Which housing style displeases some critics because of its mix and match look that they say is oversized, pretentious, and without style? All of our 1,000 Georgia real estate practice exam questions are similar to the ones you will find on the actual Georgia real estate exam, and are written by a Licensed Real Estate … Contact us by phone at (877) 266-4919, or by mail at 100 View Street #202, Mountain View, CA 94041. Take your Florida Real Estate exam conveniently from home through OnVUE online proctoring. a. Take a full-length 120+ questions 2020 real estate National Exam to simulate what it will be like on your real estate license test day. What should the sales associate do after the open house? Then click 'Next Question' to answer the next question. Choose your answer to the question and click 'Continue' to see how you did. 89. 40. A realistic start-up budget for a real estate salesperson should include: b. only what is necessary to get started. 94. Additional Real Estate … First impressions are crucial to building a strong relationship between a sales associate and a prospect. 13. Which action would be considered a discriminatory act under the Fair Housing Act? Federal C. County ... A broker performing Real Estate Brokerage activity does not have to have an MLO designation. 19. Real Estate Practice Tests Pearson VUE offers Broker and Sales practice tests for $19.95. Now it’s time to pass the RealEstateU final exam! Which of the following protects the broker's commission? When a licensed agent represents a buyer, they take on what type of role? The cost incurred when borrowing money is known as: 27. A broker who obtains a listing from a seller to act as an agent for compensation is called a: 43. 75. 34. When selling a 10-year old unit in a common interest development such as condominiums, stock cooperatives, or planned developments, which form must be used? The practice tests are free and includes scoring and both text and … Our real estate exam prep courses, study guides, exam prep tests, questions and answers are designed to make sure that you do not have any surprises on your real estate exam date. 16. What could a well-prepared salesperson use to qualify a buyer? Test Your Knowledge with our FREE Real Estate Exam! 59. The exam is … What form is used to disclose the condition of the property? d. Tell the seller to seek professional advice. Which type of communication is important when servicing a listing? 41. When qualifying for a loan, a lender will look at things such as the borrower's credit worthiness. What is this form called? 12. The Texas Real Estate Exam Prep Course essentially acts as the "Cliff Notes" for the Texas real estate exam. Our real estate practice exams … People commonly refer to a real estate firm as a real estate agency, but it is actually a(n): 54. Real Estate Agent License Practice Test Generally, you can expect that your state real estate agent license exam will consist of 80-100 multiple-choice questions about general real estate concepts and 60-80 questions specific to state licensing laws. Allowed as long as it is the amount of the commission payable at closing. What is the most difficult part about estimating the value of a property? 38. 73. Good first impressions are created by: 99. 25. Online Real Estate Practice Exams. What is that agent known as? You are the listing sales associate. What statement is used to disclose facts about a particular piece of property that could materially affect the property's value and desirability? Pass the Georgia real estate Salesperson exam with confidence! To prepare a CMA for a property, collect data on at least ________ comparable properties that are as similar as possible to the property in question. 93. 87. What protects real estate owners from challenges to their property titles? Which activity is not something that salespeople perform in order to produce and maintain a consistent flow of business? A group of people who are most likely to seek your services or purchase your product is a: 68. 17. What marketing piece identifies a salesperson's credentials and successes? In addition to their employing broker, the person who provides quality support, advice, and counseling to new licensees is known as a: 31. 3. If you find it difficult to focus while you’re on your … 74. 85. When must you disclose your agency relationship to the seller if the property is a residential property of one-to-four units? Susan is a new sales associate. What is necessary for salespeople in order to thrive in today's ultra-competitive market? 18. When should a selling agent discuss the agency agreement with a buyer? Created. We help thousands of people pass their exam each month and we can help you too. Real estate agents must be knowledgeable of the communities in their area, particularly in the facets that matter most to people: schools, safety, job opportunities, healthcare, and activities. 91. d. Homeowner Association Information Request. A home's curb appeal is boosted by all of the following, except: c. parking an expensive vehicle in the driveway. Good luck! 47. Real Estate & Planning. In general, you should expect around 100-150 multiple choice questions. 53. a. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 11. 21. 76. The written employment contract between a broker and a seller is called: 29. When escrow closes, James will pay the promised commission to Chris's broker. According to the Real Estate Settlement Procedures Act, the lender is required to furnish the borrower with the good faith estimate of closing costs _____. 71. If a buyer raises an objection about purchasing a home, what should a sales associate ask the buyer? Most real estate agents earn commissions when transactions close. In a dual agency, the broker is the listing agent and the: 83. Additional soil that has been naturally deposited by water over a long period of time is referred to as what? Sciences, Culinary Arts and Personal 100. As a real estate salesperson, it is important to project: 28. 8. All other trademarks and copyrights are the property of their respective owners. Is the broker able to guarantee the performance of service providers? Once the seller has accepted an offer, you should: c. help the seller meet all terms of the purchase contract in a timely manner. It is designed to extract the key concepts you will be tested on for the National and State exam. 15. Which document is used to verify the legal ownership of property, show any liens against the property, and describe any easements or CC&Rs? a. The lender provides Leo with a form that breaks down the cost of the mortgage in an easy to understand format. Complete and pass the real estate examination and apply within 60 days. a. Which statement about buyers is true? Which firms are usually owned by private parties or partnerships, and may have many offices in one area? 70. Which clause allows the entire loan balance due if a borrower defaults on a payment? Then click 'Next Question' to answer the next question. Premium members get access to this practice exam along with our entire library of lessons taught by subject matter experts. All rights reserved. You need to cover a lot of ground in preparation for the test… 63. Complete the application form given to you upon passing the exam on site. Initially, sales associates should hold open houses in neighborhoods where they: 56. Lung Cancer. What should a well-designed website include? on your results. An offer is not a binding contract between a buyer and a seller until: b. the sellers sign it and the buyers have been notified of the sellers' acceptance. 64. Good luck! Create your own flash cards! 52. 81. Our real estate practice exam prep comes with 1,000 practice real estate exam questions with detailed answer explanations. 6. d. Begin work at various times of the day. 92. Explosion. If the buyer is not working with the sales associate or broker exclusively, what must the selling agent (who may also be the listing agent) provide? Oh no! Start studying Final Exam: Real Estate Real Estate Express. What can you use to schedule all activities necessary to reach your goals? 39. c. Natural Hazard Disclosure Statement (NHD). The tests include questions on general real estate topics. The process of evaluating a borrower's risk factors before a lender makes a loan is known as: 90. What warns prospective buyers that certain "hazards may limit your ability to develop the real property, to obtain insurance, or to receive assistance after a disaster"? Watch the short video on the Florida Real Estate … 36. To ensure the best experience, please update your browser. Radiation … How could a real estate sales associate best prepare for a listing appointment with a seller? Bring a net sheet, cover letter, and advertising samples. Level. What is the period of time called when all parties are held accountable for the terms of the agreement such as disclosures, financing, property inspection, title search, etc? 80. The tests are developed using concepts found in the … 33. As a salesperson, what is the goal of an initial meeting with a buyer? A borrower who wants an FHA loan would apply directly to: 45. 78. Choose your answer to the question and click 'Continue' to see how you did. Eliminate the worry with our proven real estate exam … Taking a state real estate exam is necessary for becoming a licensed real estate agent. The presence of lead paint in a home must only be disclosed if the home is being purchased using … What does it take to create interest in a property, causing it to sell at a top price? Think you are ready to pass the real estate exam? Which of the following is not a time management tip that would be helpful for a sales associate? As the business of buying and selling real estate becomes more complex, so do the: 19. Total Cards. b. California Real Estate Practice; California Real Estate Principles; Real Estate Finance; Online Exam Prep Solution; All ebooks included; Additional material available for extra cost: +$51 for hardcopy …

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