ARIZONA SCHOOL OF REAL ESTATE AND BUSINESS STUDY SET
WITH 100% VERIFIED/POLISHED SOLUTIONS
In a listing agreement, the seller would be the.. -ANSWER-Employer
The annual gross multiplier is calculated by -ANSWER-Dividing the price paid by the annual
gross income
A Real Estate broker is normally what type of agent -ANSWER-Special Agent
Who does a salesperson represent -ANSWER-Employing Broker
A salespersons right to compensation is based on -ANSWER-Having a valid license
What is not required for a listing contract to be valid -ANSWER-Commission Rate
When does a salesperson have a listing -ANSWER-When the listing is signed
The law that governs the duty between the Agent and the principle is called -ANSWER-Law
of Agency
What is the relationship of the licensee to the broker -ANSWER-General Agent
A Salesperson represents a seller in a real estate matter. This agency is called -ANSWER-
General
Which of the followung is not required to appear on a listing areement -ANSWER-
Construction Cost
,Which of the following types of listings would be considered more unilateral than bilateral -
ANSWER-Open
When would a plat map be used? -ANSWER-Subdivisions
Under an Exclusive Agency listing -ANSWER-The seller will not pay a commission if the seller
sells the property himself
What is the process of giving someone the right to sign your name -ANSWER-Power of
Attorney
A salesperson may enter into a dual agency provided this is -ANSWER-Disclosed to the buyer
and seller in writing
A broker relationship to a seller would most likely be -ANSWER-Special
A person wants to buy a property in the future, but also wants the right to reject the offer.
This is called -ANSWER-First right of refusal
A broker has a listing and the seller doesnt want the broker to disclose to the buyer that the
seller is going through a divorce. what shouldthe broker do -ANSWER-Keep the information
confidential
The key factor of an exclusive right to sell listing is -ANSWER-Broker is paid no matter who
sells the property
Seller hires a broker; the broker makes decisions for the seller without notifying the seller.
The broker is acting in which of the following agency -ANSWER-Ostensible
An agent receives 2 offers on a listing one after another. How do you present the offers to
the seller -ANSWER-Present both offers at the same time
,Which of the following is an example of a unilateral contract -ANSWER-Reward Poster
The person making a counter offer is called the -ANSWER-Offeror
A contract has been signed but title has not been passed, this is called -ANSWER-Exectory
Which of the following structures would not use the cost approach -ANSWER-Used
Residential
When using the market data approach, what would you least likely use as a comparison
when appraising a 3 bed, 2 bath with 2 car garage -ANSWER-Foreclosure Sale
When calculating net operating income you would take into account all the following items
EXCEPT -ANSWER-Cap Rate
If the car rate on a property is 10% and the income property has 40units renting at $900 per
month what would be the value if the expenses are $40,000 per year and the vacancy factor
is 5% -ANSWER-$3,704,000
A rate of return would be related to which of the following -ANSWER-Cap Rate
In order to establish effective gross income, one would subtract which of the following items
from scheduled gross income -ANSWER-Vacancy and loss of credit
"The whole is worth more than the sum of its parts" refers to -ANSWER-Assemblage
Which of the following would NOT be an operating expense in the income method of
appraising -ANSWER-Principal & Interest payments
, What appraisal method would be used when appraising a church -ANSWER-Cost method
Which of the following sections are not considered standard -ANSWER-18
Which of the following sections are considered fractional -ANSWER-6
What is the distance in miles to range 4 west from the principal meridian -ANSWER-18-24
What does the gross rent multiplier indicate -ANSWER-A factor of rents to price
What is the smallest unit of measurement -ANSWER-Lot and Block
A plat map would include everything EXCEPT -ANSWER-Buildings
Markers and degrees are found in what type of survey -ANSWER-Metes an Bounds
In a correctional township, fractional sections are -ANSWER-North and West
How many townships are in a 24-mile square -ANSWER-16
A plat map shows everything EXCEPT -ANSWER-Orientation of structure
What is NOT part of a plat map description -ANSWER-Monuments
From the point of beginning, go south 1,200ft, thence west 1,500ft, thence north 600ft
thence back to the point of beginning. How many acres are contained in the above
description -ANSWER-31 acres
WITH 100% VERIFIED/POLISHED SOLUTIONS
In a listing agreement, the seller would be the.. -ANSWER-Employer
The annual gross multiplier is calculated by -ANSWER-Dividing the price paid by the annual
gross income
A Real Estate broker is normally what type of agent -ANSWER-Special Agent
Who does a salesperson represent -ANSWER-Employing Broker
A salespersons right to compensation is based on -ANSWER-Having a valid license
What is not required for a listing contract to be valid -ANSWER-Commission Rate
When does a salesperson have a listing -ANSWER-When the listing is signed
The law that governs the duty between the Agent and the principle is called -ANSWER-Law
of Agency
What is the relationship of the licensee to the broker -ANSWER-General Agent
A Salesperson represents a seller in a real estate matter. This agency is called -ANSWER-
General
Which of the followung is not required to appear on a listing areement -ANSWER-
Construction Cost
,Which of the following types of listings would be considered more unilateral than bilateral -
ANSWER-Open
When would a plat map be used? -ANSWER-Subdivisions
Under an Exclusive Agency listing -ANSWER-The seller will not pay a commission if the seller
sells the property himself
What is the process of giving someone the right to sign your name -ANSWER-Power of
Attorney
A salesperson may enter into a dual agency provided this is -ANSWER-Disclosed to the buyer
and seller in writing
A broker relationship to a seller would most likely be -ANSWER-Special
A person wants to buy a property in the future, but also wants the right to reject the offer.
This is called -ANSWER-First right of refusal
A broker has a listing and the seller doesnt want the broker to disclose to the buyer that the
seller is going through a divorce. what shouldthe broker do -ANSWER-Keep the information
confidential
The key factor of an exclusive right to sell listing is -ANSWER-Broker is paid no matter who
sells the property
Seller hires a broker; the broker makes decisions for the seller without notifying the seller.
The broker is acting in which of the following agency -ANSWER-Ostensible
An agent receives 2 offers on a listing one after another. How do you present the offers to
the seller -ANSWER-Present both offers at the same time
,Which of the following is an example of a unilateral contract -ANSWER-Reward Poster
The person making a counter offer is called the -ANSWER-Offeror
A contract has been signed but title has not been passed, this is called -ANSWER-Exectory
Which of the following structures would not use the cost approach -ANSWER-Used
Residential
When using the market data approach, what would you least likely use as a comparison
when appraising a 3 bed, 2 bath with 2 car garage -ANSWER-Foreclosure Sale
When calculating net operating income you would take into account all the following items
EXCEPT -ANSWER-Cap Rate
If the car rate on a property is 10% and the income property has 40units renting at $900 per
month what would be the value if the expenses are $40,000 per year and the vacancy factor
is 5% -ANSWER-$3,704,000
A rate of return would be related to which of the following -ANSWER-Cap Rate
In order to establish effective gross income, one would subtract which of the following items
from scheduled gross income -ANSWER-Vacancy and loss of credit
"The whole is worth more than the sum of its parts" refers to -ANSWER-Assemblage
Which of the following would NOT be an operating expense in the income method of
appraising -ANSWER-Principal & Interest payments
, What appraisal method would be used when appraising a church -ANSWER-Cost method
Which of the following sections are not considered standard -ANSWER-18
Which of the following sections are considered fractional -ANSWER-6
What is the distance in miles to range 4 west from the principal meridian -ANSWER-18-24
What does the gross rent multiplier indicate -ANSWER-A factor of rents to price
What is the smallest unit of measurement -ANSWER-Lot and Block
A plat map would include everything EXCEPT -ANSWER-Buildings
Markers and degrees are found in what type of survey -ANSWER-Metes an Bounds
In a correctional township, fractional sections are -ANSWER-North and West
How many townships are in a 24-mile square -ANSWER-16
A plat map shows everything EXCEPT -ANSWER-Orientation of structure
What is NOT part of a plat map description -ANSWER-Monuments
From the point of beginning, go south 1,200ft, thence west 1,500ft, thence north 600ft
thence back to the point of beginning. How many acres are contained in the above
description -ANSWER-31 acres
