Real Estate 84 ch04 quiz with answers

 Question 1

1 out of 1 points


The decision of what price to set for a home ultimately belongs to the:

Selected Answer: b.

seller

Answers: a.

agent

b.

seller

c.

appraiser

d.

lender


 Question 2

1 out of 1 points


To determine an appropriate listing price for a property, an agent will perform a/an
_____, which is related to but less rigorous than a/an _____.

Selected Answer: a.

CMA/appraisal

Answers: a.

, CMA/appraisal

b.

appraisal/CMA

c.

CMA/reconciliation

d.

valuation/CMA


 Question 3

1 out of 1 points


Which of the following phrases describes the objective value that would be placed on a
property by a buyer in an open market?

Selected Answer: d.

Both B and C

Answers: a.

Value in use

b.

Value in exchange

c.

Market value

d.