All of the following are valid reasons for terminating a buyer representation agreement EXCEPT

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What's the purpose of a buyer representation agreement quizlet?
Which statement is true of a listing agreement?
Which of the following best describes a buyer agency agreement?
What type of listing agreement provides for payment of a commission to the broker?

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Question	Answer
Real estate professional acting as a point of contact between two or more people in negotiating the sale, contract, or purchase of property is known as a	broker
a real estate professional who performs a visual survey of a property's structure and systems and prepares an analytical report for a purchaser or an owner is acting as a	home inspector
A standard rectangular Survey System section contains	640 acres
a real estate salesperson, classified by the IRS as an independent contractor	receive negotiated Commission on transactions
A portion of Walter's building was inadvertently built on George's land this ccaused an	Encroachment
A suit to quit title refers to	the removal of a cloud on the title by Court action
A parcel of vacant land 80 feet wide and two hundred feet deep was sold for $200 per front fit. How much money would a salesperson receive for her 60% share and 10% Commission	$960
Able and Baker are joint tenants. Baker sells his interest to Charlie. What is the relationship of able and Charlie	They are tenants in common
A small office building sold for $949,000 and the broker received a commission of $54,900. What was the broker's commission rate	5.8%
An owner who is interested in selling his house is usually concerned about how much money he can get when it sells. A competitive market analysis may help the seller determine a realistic price. Which of the following is true	a competitive market analysis contains a compilation of facts about similar properties that have recently sold
A book a Burger King employee several sales people, one of whom Mary, is a member of a protected group. The broker direct her to work only with members of her group and to solicit cells only and similar neighborhoods. Which of the following is correct	this practice could establish and continue the unlawful practice of steering
Elite should contain all of the following except	A sales and lease back clause
Beginning at the SE corner at the end one fourth of the section, then do West 5280 feet more or less to the SW corner of the NW 1 4th, then North along the west line of section 2640 feet, more or less, to the NW corner of said NW 1/4, then in a straight l	160 Acres
A tenant's lease has expired, but the tenant has not vacated the premises or negotiated a renewal lease. The landlord has declared that the tenant is not to remain in the building. This situation is example of	tenancy at sufferance
a written summary of the history of all conveyances and legal proceedings affecting a specific parcel of real estate is called a	abstract of title
A father conveyed the family home to His Daughter by Will as pure aqua Vie estate for the life of her mother. If the daughter should die before the mother, who gets possession of the property	the daughters heirs
all of the following are included in the right to control one's property except	the right to exclude utilities, meter reader
Which is true of the following about land taken for public use	The owner must be fairly compensated
If an owner takes property off the market for a definite. Of time in exchange for some consideration, but he granted individual the right to purchase the property within the period	Option
A house was listed for sale at $84,900. The seller receives $71,424 after paying the broker 7% Commission. What was the selling price of the property
Because mr. And mrs. Jennings no longer needed their house, they decide to sell it and move into a Cooperative apartment building in a Cooperative they will become	stockholders in a corporation
broker Janna was accused of violating antitrust laws. Of the following, she was most likely accused of
a lease provides that the tenants pay $760 minimum rent per month plus 4% of the gross sales in excess of $150,000 per year if the tenant paid a total rent of $20,520 last year. What was the gross sales volume	$435,000
The body of law that governs personal property transactions parentheses but does not apply to real estate for rent the sea and involves use of security agreements, Finance statements, and bulk transfers is the	Uniform Commercial Code
when the supply of a commodity decreases while demand Remains the Same	price tends to rise
a lease that will terminate within one year of its Inception	maybe oral
a listing contract in which payment of the commission is contingent on the broker being able to produce a buyer before the property is sold by the owner or another broker is called	an open listing
A property owner contracted to have a swimming pool installed on her property. When the pool was completed, she refused to pay for the Improvement, and the contractor filed a lien for non-payment this thing is most likely a	specific lien
a homestead exemption protects against judgments of	unsecured creditors
after real estate has been sold by the state or County to satisfy a delinquent tax lien, the default to the owner usually has a right to	redeem the property within the specified time by law
the different since clause in a mortgage requires the mortgage to exceed an	satisfaction of mortgage
When compared with a 30-year payment, taking out a loan within a 20-year payment period result in	higher monthly payments
all of the following are types of listing contract except	MLS
The real estate settlement procedures Act(RESPA)Applies in a loan assumption if the	terms of the assumed loan are modified by the lender
Which of the following phrases, is included in a print advertisement would most nearly comply with the truth in Lending Act / Regulation Z.	7.5% annual percentage rate
all of the following are required for a deed to be valid except	signature of grantee
a property managers primary obligation is to	owners
The following are considered to be improvements except	Crops
The rights of ownership of real property include all of the following except the right of	compatibility
an office rent for $450 a month and measures 12 feet by 20 feet the advertised annual rent per square foot would be	$22.50
a trust is a legal arrangement in which title to property is held for the benefit of a third party by a	trustee
federal income tax regulations allow the homeowners to reduce your taxable income by amounts paid for	real estate tax
Illegal by federal and state fair housing laws do not include	refusing to show certain residential property to people who are not financially qualify to purchase it
broker Smith is helping a buyer and seller fill out a sales contract but is not representing either party. Broker Smith is a	transactional broker
all of the following are true regarding public records except	they guarantee marketable title
carbon monoxide is not	Easy to detect
a mortgage broker generally offers which of the following services	bringing the borrower and lender together
A third party holds title to a property on behalf of someone else through a	deed of trust
The following are examples of public land use control except	restrictive covenants
all the following would be acceptable as evidence of marketable title except	a property owners warranty deed
All of the following affect how quickly the forces of supply and demand work except	degree of standardization of the product price
all the following are required of a broker when seeking to collect a commission for brokering the sale of a property except	complying with a set commission rates set by a Trade Organization
normally the priority of General lens is determined by	the order in which they are filed
before the buyer signed a buyer agency agreement a license must do all of the following except	obtain financial information from the buyer
a broker has an exclusive right to sell listing on a building. The owner is out of town	the broker message and the signature of the seller to affect the contract
broker Kenneth arrives to present a purchase offer to Dorita, and envelope, and finds her son and his wife also present. In the presence of broker Kenneth, both individuals persistently urge to Rita to accept the offer, even though it is much lower	she is under the duress from her son and daughter-in-law and therefore, the contract is voidable
the method of describing land that uses degrees, feet, monuments is known as	then metes and Bounds system
all the following items are usually prorated between buyer and seller at closing except	recording charges
The current value of a property is $140,000. The property is assessed at 40% off its current value, with an equalization factor of 1.5 applied to the assessed value. If tax rate is $4 per $100 of assessed value what is the amount of tax due on property	3360 dollars
a sales person who represents the seller is showing a house to a prospective buyer / customer. The salesperson know that the house has water problems and its basement. Which of the following is true	withholding the information prevents the body from making an informed decision
All of the following reasons are valid basis for terminating a listing agreement except	death of a salesperson
a bill of sale is used to transfer the ownership of	personal property
a tire company located in an area that has been REzoned	would be forbidden to rebuild the plant under any circumstances
A broker who is the agent of the buyer should do which of the following	advise the buyer if the listing price of the sellers house is unrealistic
Which of the following is true about title insurance	what the insured from events before the policy was issueD
If a home owners insurance policy provides coverage for less than 80% of the full replacement cost of the dwelling, then the loss of the residence will be settled for	either the actual cash value for the prorated repair cost
All of the following are economic characteristics of land except	uniqueness
A landowner constructed a building 7 stories high. Several years later the municipality change zoning ordinances, prohibited buildings that exceed six stories in height. Which of the following is true regarding the existing 7-story building	what is a non-conforming use
The primary survey line running North and South in any area described by the rectangular survey system is its	Principal meridian
Which of the following has an indeterminable duration	Freehold estate
Adaptations of property specifications to suit tenant requirements are	tenant improvements
Because of the complexity of today's laws affecting properties, a property manager needs to be familiar with all of the following except	investment Securities lawsN
All of the following are categories of the uses of real property except	developmental
	Price fixing
Which of the following would be considered legal	requiring a person with a disability to establish an escrow account for the cost to restore a property after it has been modified
Capping is a method of	Laying soil over the surface of a landfill and planting vegitation
A joint tenancy with right to survivorship may be created by	Deed or will
A type of real estate loan that allows the lender to increase the outstanding balance of a loan up to the original sum in the note while advancing additional funds is	Open end loan
An existing mortgage loan can have its lien priority lowered through the use of a	Subordination agreement
A rancher owns a parcel of land on which oil is discovered. If the rancher has not previously conveyed oil rights, who owns the oil?	The rancher

What's the purpose of a buyer representation agreement quizlet?

This agreement is also known as the exclusive right to represent. With the signing of this agreement, the buyer is legally bound to compensate the brokerage firm when the buyer purchases any property of the same type as described in the contract.

Which statement is true of a listing agreement?

Which statement is TRUE of a listing agreement? The answer is it is an employment contract for the professional services of the broker. The listing is the broker's contract of employment by the seller.

Which of the following best describes a buyer agency agreement?

What best defines an open buyer agency agreement? This is a nonexclusive agency contract between a buyer and a broker and only the broker who actually locates the property that the buyer eventually purchases is entitled to the commission.

What type of listing agreement provides for payment of a commission to the broker?

Exclusive Agency Listing The seller retains the right to sell the property without obligation to the broker. However, the seller is obligated to pay a commission to the broker if the broker is the procuring cause of the sale.

All of the following are valid reasons for terminating a buyer representation agreement EXCEPT

What's the purpose of a buyer representation agreement quizlet?

Which statement is true of a listing agreement?

Which of the following best describes a buyer agency agreement?

What type of listing agreement provides for payment of a commission to the broker?

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