Quiz-summary
0 of 10 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Information
Practice Questions
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 10 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- Answered
- Review
-
Question 1 of 10
1. Question
Which of the following statements about informed consent for dual agency practice is correct?
Correct
Informed consent is provided by both state law and the NAR ethics code.
Incorrect
Informed consent is provided by both state law and the NAR ethics code.
-
Question 2 of 10
2. Question
In order to receive a commission, when must a real estate salesperson be licensed?
Correct
It is statutory that a real estate broker holds a license at the moment of the transaction.
Incorrect
It is statutory that a real estate broker holds a license at the moment of the transaction.
-
Question 3 of 10
3. Question
Which of the following statements about a salesperson’s license is true?
Correct
It is statutory for an applicant to obtain his salesperson’s license from the time the license exam is passed in one year.
Incorrect
It is statutory for an applicant to obtain his salesperson’s license from the time the license exam is passed in one year.
-
Question 4 of 10
4. Question
Which of the following statements is true?
Correct
Brokers and salespersons are trademarked as a realtor that comes with voluntary membership in the National Association of Realtors by brokers and salespeople. Although not all real estate licensees are members of NAR, under the control of a broker, all salespeople must function. Therefore, salespersons working for brokers is the correct answer.
Incorrect
Brokers and salespersons are trademarked as a realtor that comes with voluntary membership in the National Association of Realtors by brokers and salespeople. Although not all real estate licensees are members of NAR, under the control of a broker, all salespeople must function. Therefore, salespersons working for brokers is the correct answer.
-
Question 5 of 10
5. Question
The grace period which it is possible to renew an expired license simply by paying a renewal fee is?
Correct
It is statutory that a grace period of two years to be given and be able to renew the license. And given that during that time, the agent will practice.
Incorrect
It is statutory that a grace period of two years to be given and be able to renew the license. And given that during that time, the agent will practice.
-
Question 6 of 10
6. Question
Proprietors of commercial property can require a maximum of?
Correct
It is statutory that there is no maximum rent for proprietors of commercial property.
Incorrect
It is statutory that there is no maximum rent for proprietors of commercial property.
-
Question 7 of 10
7. Question
Which of the following statement(s) is/are true?
I. It is mandatory to pay for public improvements including sidewalks.
II. It is possible to pay for public improvements including sidewalks by taxes ad valorem.
III. It is not mandatory to pay for public improvements including sidewalks.
IV. Mello-Roos Community Facilities Act bonds is another way for public improvements.Correct
It is statutory for public improvements to be paid through taxes ad valorem, Mello-Roos Community Facilities Act bond and unique appraisals.
Incorrect
It is statutory for public improvements to be paid through taxes ad valorem, Mello-Roos Community Facilities Act bond and unique appraisals.
-
Question 8 of 10
8. Question
The agent carrying out the compulsory physical inspection of the property validates the completion of the inspection in?
Correct
That is statutory. Option A is made up, Choice B is the shape of the closing sentence, and Choice C is made up of the FNMA Assessment Report Form, but suggests.
Incorrect
That is statutory. Option A is made up, Choice B is the shape of the closing sentence, and Choice C is made up of the FNMA Assessment Report Form, but suggests.
-
Question 9 of 10
9. Question
Buyer A is interested in a property being purchased from an estate. He questions the broker about how the former owner died. The proprietor died of suicide 18 months ago. The broker should?
Correct
The question should be answered honestly by the broker so transparency will be upheld.
Incorrect
The question should be answered honestly by the broker so transparency will be upheld.
-
Question 10 of 10
10. Question
Dwelling’s physical condition is required in seller disclosure of what?
Correct
Seller disclosure is required for mobile homes dwellers.
Incorrect
Seller disclosure is required for mobile homes dwellers.