Real Estate 84 Chapter 5 Real Estate Practice
1. A homeowner preparing his home for sale should do all of the following except::
A. fix any broken fences and railings
B. replace worn carpeting
C. prune trees and mow the lawn
D. repaint interior walls in a bright primary color
Correct Answer: D Explanation: Repainting interior walls may be a good idea, but neutral
colors will appeal to the widest audience of prospective buyers.
2. Servicing a listing typically involves all of the following except:
A. advertising the property
B. installing a keybox
C. getting the seller preapproved
D. holding an open house
Correct Answer: C Explanation: A seller doesn't need to be preapproved when listing her
home for sale.
3. Once an agent finds a prospective buyer, the next thing the agent should do is:
A. preapprove the buyer
B. determine the buyer's housing needs
C. enter the buyer's information into the MLS
D. take the buyer to see homes in the neighborhood
Correct Answer: B
Explanation: The agent should help the buyer determine how much he can afford and then help
the buyer define his specific housing requirements.
4. All of the following are typical tasks of a real estate assistant, except:
A. negotiating a counteroffer
B. maintaining transaction files
C. sending out mailings
D. answering phones
Correct Answer: A
Explanation: Real estate assistants are commonly responsible for maintaining files, answering
phones, and assisting with open houses. However, the more complicated task of negotiating a
counteroffer would most likely be left to the agent.
5. "Trigger terms" that activate disclosure requirements under the Truth in Lending Act include:
,
1. A homeowner preparing his home for sale should do all of the following except::
A. fix any broken fences and railings
B. replace worn carpeting
C. prune trees and mow the lawn
D. repaint interior walls in a bright primary color
Correct Answer: D Explanation: Repainting interior walls may be a good idea, but neutral
colors will appeal to the widest audience of prospective buyers.
2. Servicing a listing typically involves all of the following except:
A. advertising the property
B. installing a keybox
C. getting the seller preapproved
D. holding an open house
Correct Answer: C Explanation: A seller doesn't need to be preapproved when listing her
home for sale.
3. Once an agent finds a prospective buyer, the next thing the agent should do is:
A. preapprove the buyer
B. determine the buyer's housing needs
C. enter the buyer's information into the MLS
D. take the buyer to see homes in the neighborhood
Correct Answer: B
Explanation: The agent should help the buyer determine how much he can afford and then help
the buyer define his specific housing requirements.
4. All of the following are typical tasks of a real estate assistant, except:
A. negotiating a counteroffer
B. maintaining transaction files
C. sending out mailings
D. answering phones
Correct Answer: A
Explanation: Real estate assistants are commonly responsible for maintaining files, answering
phones, and assisting with open houses. However, the more complicated task of negotiating a
counteroffer would most likely be left to the agent.
5. "Trigger terms" that activate disclosure requirements under the Truth in Lending Act include:
,
