BBK99E1 PRACTICAL FINAL EXAM GUARANTEED
PASS!!
1. Calvin is buying his first home. He has been saving and saving for years. The home he
is buying has a price of $300,000 and Calvin has a down payment of
$75,000. Calvin's loan is considered
Highly Secured
Low Risk
Simple Interest
Highly Leveraged
Answer B
,2. Adeeb has listed his condo with Maria's broker and she is his listing agent. The
listing agreement is signed and the day to begin showing his property is nearing.
Adeeb decides the day before the open house to raise his asking
price by $20,000. Maria disagrees with the decision but goes along with Adeeb's
wishes. How must Maria take care of this contractual change in price?
Maria must change the listing price on a price change or extension form.
Maria may make the change on the original contract due to the fact the condo
has not been professionally shown by licensees.
The listing price change does not need to be changed on the contract. The price
that will be paid for the condo does not have to be the listing price; therefore,
it is just a guide, not set in stone.
,None of the Above.
Answer A
3. Although 16-year-old Tameka's goal is to be a licensed real estate salesperson in the
State of California, she is currently living in Canada. Her long-term goal is to be a
successful salesperson, manager, and to own a brokerage. She has been studying the
Real Estate Principles Course for next week's exam. However, if she passes, she cannot
apply for her 4 year salesperson's license. Why?
Tameka cannot apply for a 4-year salesperson because she has not completed
three
college-level real estate courses.
, Tameka is only sixteen and a licensee must be eighteen years old.
Tameka cannot provide proof of legal presence in the United States.
Both A and B
Answer D
4. Anthony is adding a new deck to his home. He has obtained all the neces- sary
building permits to construct his new deck. Anthony's neighbor, Steve, informed him
he has to have a California State Contractor's License to even work on his own
property. Anthony says that Steve is wrong. Who is right in this situation?
Anthony is correct, anyone who does the business of a contractor must be
licensed.
Steve is correct, any major work conducted on real property must be done by
a licensed state contractor.
PASS!!
1. Calvin is buying his first home. He has been saving and saving for years. The home he
is buying has a price of $300,000 and Calvin has a down payment of
$75,000. Calvin's loan is considered
Highly Secured
Low Risk
Simple Interest
Highly Leveraged
Answer B
,2. Adeeb has listed his condo with Maria's broker and she is his listing agent. The
listing agreement is signed and the day to begin showing his property is nearing.
Adeeb decides the day before the open house to raise his asking
price by $20,000. Maria disagrees with the decision but goes along with Adeeb's
wishes. How must Maria take care of this contractual change in price?
Maria must change the listing price on a price change or extension form.
Maria may make the change on the original contract due to the fact the condo
has not been professionally shown by licensees.
The listing price change does not need to be changed on the contract. The price
that will be paid for the condo does not have to be the listing price; therefore,
it is just a guide, not set in stone.
,None of the Above.
Answer A
3. Although 16-year-old Tameka's goal is to be a licensed real estate salesperson in the
State of California, she is currently living in Canada. Her long-term goal is to be a
successful salesperson, manager, and to own a brokerage. She has been studying the
Real Estate Principles Course for next week's exam. However, if she passes, she cannot
apply for her 4 year salesperson's license. Why?
Tameka cannot apply for a 4-year salesperson because she has not completed
three
college-level real estate courses.
, Tameka is only sixteen and a licensee must be eighteen years old.
Tameka cannot provide proof of legal presence in the United States.
Both A and B
Answer D
4. Anthony is adding a new deck to his home. He has obtained all the neces- sary
building permits to construct his new deck. Anthony's neighbor, Steve, informed him
he has to have a California State Contractor's License to even work on his own
property. Anthony says that Steve is wrong. Who is right in this situation?
Anthony is correct, anyone who does the business of a contractor must be
licensed.
Steve is correct, any major work conducted on real property must be done by
a licensed state contractor.
