Revei: Real Estate Practice Flashcards

Revei: Real Estate Practice Flashcards

When selling an older home, disclosure must be made to

the buyer of any insurance claims made within the last:a.

three days.b. three months.c. five years.d. none of the above.

• five years.

The Federal Civil Rights Act of 1968 was based on the

Supreme Court case of:a. Jones v. Jones.b. Jones v.

Smith.c. Jones v. Mayer.d. none of the above.

• Jones v. Mayer.

To be called a "REALTOR®," a licensee must be:a. a

member of the National Association of REALTORS® (NAR).b. a member of the State Bar of California.c. a broker.d. none of the above.

• a member of the National Association of REALTORS®

(NAR).

When a phone caller inquires about a property that's no

longer available, a switch sheet allows an agent to:a.

quickly reference similar properties.b. confuse the caller with too many alternatives.c. legally use the bait-and-switch technique.d. pre-qualify the caller before showing other properties.

• quickly reference similar properties.

Which of the following statements is generally considered correct concerning brokerage firms that hire real estate assistants?a. Agents who hire assistants list more properties than those who don't.b. Agents who hire assistants sell more properties than those who don't.c.Both a and b are correct.d. Neither a nor b is correct.

• Both a and b are correct.

A real estate salesperson's license is valid for:a. one

year.b. four years.c. ten years.d. a lifetime.

• four years.

Both buyers and sellers should receive copies of any real

estate agreement:a. after a three day waiting period.b.

when it is signed.c. at the close of escrow.d. none of the above.

• when it is signed.

This new type of barcode that consists of black modules (square dots) arranged in a square grid on a white background, which can be read by an imaging device is

called a:a. QR code.b. RFID tag.c. Scanning square.d. PR

code.

• QR code.

How a house looks to a passerby when compared to the

rest of the neighborhood is called:a. curb appeal.b.

viewability.c. competitive factor.d. all of the above.

• curb appeal.

Which of the following can a potential borrower compare online?a. Interest ratesb. Pointsc. Feesd. All of the above

• All of the above