Who can train office staff at a brokerage firm in weekly meetings?
All of the above
Which step in the construction building process is likeliest
... [Show More] to be first?
Grading
Without legal capacity and mutual consent in place, courts may likely do what to the existing contracts or agency relationships?
All of the above
The term "business ethics" applies to which of the following statements?
A form of applied ethics that examines ethical principles that arise in a business environment.
What must a licensee first do before advertising listed property?
Obtain the owner's consent.
A 90-day listing agreement is a type of _____.
Special Agency
Which of the following would be an example of personal ethics?
All of the above
Buyer Immanuel's broker finds out information about the seller which will help Immanuel in the transaction. Loyalty is one of the duties of _____.
protection.
A property has sold for $185,000. The listing agreement calls for a commission of 6.5%. The listing broker and selling broker agree to share the commission equally. What will the listing agent receive if the agent is scheduled to get a 65% share from his broker?
$3,908
Who is required to be the trustee for a brokerage trust account fund?
Principal Broker
Under what type of contract is a seller obligated to sell, but the buyer is not obligated to buy?
Option
What is the name for the act of spending client funds without permission from a trust fund account?
Conversion
What must a licensee first obtain before engaging in property management?
A current written property management agreement.
When may a REALTOR® accept a rebate for services or suggest the use of services of a business entity in which they have direct interest in?
Only with their client's knowledge and consent.
What type of bank accounts are trust funds placed into once received from clients?
Non-interest bearing accounts
What is "one click away" as it relates to the real estate profession?
When a viewer online can find the agent's contact information with just one click of the mouse, smartphone, or keyboard
What would be a valid reason for a city to approve a zoning variance?
All of the Above
Which location is an industrial coal plant least likely to be located?
Adjacent to an Elementary SchoolTo the Buyer
Who can financially be held liable for a Salesperson or Associate Broker being physically assaulted at an open house showing?
Who does the Buyer's Agent owe their primary loyalty to in a purchase deal?
To the Buyer
For a dispute to qualify for arbitration, which of the following conditions must be met?
All of the above.
What should a Principal Broker do when he wants to add new unique clauses to a complex commercial real estate purchase contract to minimize his risks?
Seek out the advice of a trusted real estate attorney
What can an injured party in a breach of contract situation do to attempt to minimize the damage?
All of the above
Arbitration refers to what type of claim?
A money claim.
How many square miles are there in a township?
36
Which method below is NOT a common one used by appraisers when estimating a building's replacement cost?
Drive-by method
Under the Rectangular survey system, which direction do the base lines run on a map?
East-West
Seller Monica is selling her property to Harriet. What is Monica's primary responsibility at closing?
To deliver marketable title
When lenders provide loans to unqualified homebuyers - those who have poor credit and whose ability to repay the loan is risky because of their income - those lenders are giving _____.
sub-prime loans.
What was the maximum FDIC bank account insurance protection limit in early 2008?
$100,000
What is the most common description when a licensee accidentally deposits client funds into the wrong bank account?
Commingling
Who holds the actual hearings on the cases that are reviewed by and forwarded on from the Grievance Committee?
The Professional Standards Committee
What is the least likely answer needed in a "legal consent" scenario?
Contract
A property is being appraised by the cost approach. The appraiser estimates that the land is worth $10,000 and the replacement cost of the improvements is $75,000. Total depreciation from all causes is $7,000. What is the indicated value of the property?
$78,000
Who can be excluded from being required to hold an active real estate license in spite of working on portions of some real estate transactions?
All of the above
If the monthly rent of a property is $4,000, and the gross rent multiplier (GRM) is 91, what is the value of the property?
$364,000
Smart Growth strategies promote what type of living options?
High density [Show Less]