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1. Why would a buyer want to know whether any additions or alterations were made to a property?
A) So the buyer can decide whether a price reduction is in order
B) So the buyer can determine if permits were pulled
C) So the buyer can use the same contractor for additional additions and alterations
D) So the buyer can remove these items prior to closing
2. Which zoning practice involves changing the zoning of an area to allow for less intensive development, such as reducing the number of units or building size?
A) Reduction zoning
B) Downzoning
C) Density-reduction zoning
D) Bulk zoning
3. Which photograph of a home for sale should not be published for public viewing?
A) A wide-angle photo of the renovated kitchen that makes the area look larger than it really is
B) A photo of the master bathroom that also shows the photographer's arm reflected in the mirror
C) A photo of the billiards room that reveals the owner's collection of antique guns
D) An exterior photo showcasing the pool and outdoor kitchen/bar area
4. A veteran licensee always has a face-to-face meeting before he works with any buyer. What might be a good reason for this?
A) To build trust and rapport
B) To determine the buyer's ethnicity
C) To get the buyer's FICO score, credit report, and tax receipts
D) To look the buyer in the eye to see if the buyer is hiding anything
5. What is one drawback of sub-agency from a listing broker's standpoint?
A) The listing broker and listing agent can be liable for the sub-agent's actions.
B) The listing broker will have to pay two agents' commissions.
C) There aren't any drawbacks.
D) Both parties must agree to dual agency.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: A |
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