KY real estate final exam practice
a broker induces an owner to sell by telling him that a certain group are moving into the
neighborhood. This broker is guilty of... - ANS - blockbusting.
a developer wants to develop an 18 Acres subdivision. He figures that the streets and
common area will take up about 20% of this overall area. If the minimum lot size is to be
10,000 square feet how many Lots can a developer have on this property? - ANS - 62
Lots.
a property is sold for $185,000. The listing agreement calls for a commission of 6.5%.
The listing broker and selling broker agree to share the commission equally. All the
listing agent receive if the agent is scheduled to get 65% share from his broker? - ANS
- $3,908
A(n) _________________ contract is one that unduly favors the party with Superior
bargaining power. - ANS - unconscionable
all the licensing is of red cardinal Realty and blue Wildcat Realty met together and
decided not to do future business with hilltopper Realty because of their low commission
rates. This is an example of... - ANS - group boycott
an acre is how many square feet? - ANS - 43,560
an apartment complex generates $905,000 in effective rental income and 14,000 in
other income. The same complex has $415,000 in operating expenses and $39,000 as
reserves. What is the net operating income of the complex? - ANS - $465,000
and obtains a new loan at 80% of her home price of $740,000. The loan constant is
5.645. What is Ann's monthly payment? - ANS - 3342 dollars
as a rule the more the total number of adjustments, the larger the adjustment amounts,
and the more the total adjustment amount... - ANS - the less reliable the comparable
Beaver Dam image and destruction clause in a lease generally establishes... - ANS -
that the tenant is responsible for restoration of the tenants alterations
, before ordering disciplinary action against a licensee, the commission must... - ANS -
order a hearing.
before putting in too much effort to convince a seller to list with you, you should ask the
seller... - ANS - are you currently listed with another brokerage?
Bethel Georgia sign a listing agreement with a seller. When should Joy schedule an
office tour? - ANS - within a week after the listing is taken
broker Dean realizes he has relocation buyers. What is something he should focus on
with these buyers? - ANS - finding a property with good resale value
broker Hannah just received a $5,000 escrow money deposit how long does she have
to deposit it under Kentucky law? - ANS - without unreasonable delay
broker Pearl represents buyer Emma. Pearl heard that the seller Misty will accept
$20,000 less than the listed price. Under which duty is Pearl obligated to share this
information with Emma? - ANS - loyalty
broker Willie has a buyer who has seen a property 3 times and seems ready to make an
offer. However, the buyer is objecting because the air conditioning system is 9 years
old. What should Willie do? - ANS - ask the buyer if the buyer would like to make an
offer taking the age of the air unit into account
buyer Amelia wants to see a for sale by owner property. What might his broker do
before showing Emilio the for sale by owner property? - ANS - have Emilio agreed to
pay the broker's commission if he buys the for sale by owner
buyer and manuals broker find out information about the seller which will help if manual
in the transaction. Loyalty is one of the duties of... - ANS - protection.
Carla has been walking across a path on John's property for the past 22 years. John
knows about this but has never given Carla permission. What might a court Grant to
Carla? - ANS - an easement by prescription
Cellar Monica is selling her property to hear it. What is Monica's primary responsibilities
at closing? - ANS - to deliver a marketable title
Dan is fine Jessica's house. The closing (day belongs to the seller) of the transaction is
March 9th. Current year real estate taxes are $1,900 (will be billed to Dan next year).
a broker induces an owner to sell by telling him that a certain group are moving into the
neighborhood. This broker is guilty of... - ANS - blockbusting.
a developer wants to develop an 18 Acres subdivision. He figures that the streets and
common area will take up about 20% of this overall area. If the minimum lot size is to be
10,000 square feet how many Lots can a developer have on this property? - ANS - 62
Lots.
a property is sold for $185,000. The listing agreement calls for a commission of 6.5%.
The listing broker and selling broker agree to share the commission equally. All the
listing agent receive if the agent is scheduled to get 65% share from his broker? - ANS
- $3,908
A(n) _________________ contract is one that unduly favors the party with Superior
bargaining power. - ANS - unconscionable
all the licensing is of red cardinal Realty and blue Wildcat Realty met together and
decided not to do future business with hilltopper Realty because of their low commission
rates. This is an example of... - ANS - group boycott
an acre is how many square feet? - ANS - 43,560
an apartment complex generates $905,000 in effective rental income and 14,000 in
other income. The same complex has $415,000 in operating expenses and $39,000 as
reserves. What is the net operating income of the complex? - ANS - $465,000
and obtains a new loan at 80% of her home price of $740,000. The loan constant is
5.645. What is Ann's monthly payment? - ANS - 3342 dollars
as a rule the more the total number of adjustments, the larger the adjustment amounts,
and the more the total adjustment amount... - ANS - the less reliable the comparable
Beaver Dam image and destruction clause in a lease generally establishes... - ANS -
that the tenant is responsible for restoration of the tenants alterations
, before ordering disciplinary action against a licensee, the commission must... - ANS -
order a hearing.
before putting in too much effort to convince a seller to list with you, you should ask the
seller... - ANS - are you currently listed with another brokerage?
Bethel Georgia sign a listing agreement with a seller. When should Joy schedule an
office tour? - ANS - within a week after the listing is taken
broker Dean realizes he has relocation buyers. What is something he should focus on
with these buyers? - ANS - finding a property with good resale value
broker Hannah just received a $5,000 escrow money deposit how long does she have
to deposit it under Kentucky law? - ANS - without unreasonable delay
broker Pearl represents buyer Emma. Pearl heard that the seller Misty will accept
$20,000 less than the listed price. Under which duty is Pearl obligated to share this
information with Emma? - ANS - loyalty
broker Willie has a buyer who has seen a property 3 times and seems ready to make an
offer. However, the buyer is objecting because the air conditioning system is 9 years
old. What should Willie do? - ANS - ask the buyer if the buyer would like to make an
offer taking the age of the air unit into account
buyer Amelia wants to see a for sale by owner property. What might his broker do
before showing Emilio the for sale by owner property? - ANS - have Emilio agreed to
pay the broker's commission if he buys the for sale by owner
buyer and manuals broker find out information about the seller which will help if manual
in the transaction. Loyalty is one of the duties of... - ANS - protection.
Carla has been walking across a path on John's property for the past 22 years. John
knows about this but has never given Carla permission. What might a court Grant to
Carla? - ANS - an easement by prescription
Cellar Monica is selling her property to hear it. What is Monica's primary responsibilities
at closing? - ANS - to deliver a marketable title
Dan is fine Jessica's house. The closing (day belongs to the seller) of the transaction is
March 9th. Current year real estate taxes are $1,900 (will be billed to Dan next year).
