Flashcards in B2-B9 Deck (23)
A real estate broker is normally what type of agent?
A broker's duty to a third party would be?
A broker is a property manager for an owner and collects the monthly rents. The owner dies. What is the status of the property management agreement?
Terminated upon death of owner.
Before the close of escrow the building is destroyed by fire. Is the commission due?
No commission is payable.
An offer is made and accepted by telephone. The contract is?
A broker is asked to list a property that is in violation of the local zoning ordinances. He should?
Refuse the listing
The Market Data approach in appraising would refer to....
When buying rental property it would most likely be appraised using what approach?
An old home in an area of new home development would be appraised using what approach?
What does the gross rent multiplier indicate?
A factor of rents to price
In a correctional township, fractional sections are:
North and West
Who coordinates and supervises the activities to close escrow?
On a settlement sheet, what is usually true?
The buyer is credited unpaid taxes
While a transaction is in escrow a problem develops, and the matter is turned over to court. This would be considered:
What does a seller usually pay for at closing?
When a person buys a time-share, what type of ownership exists?
Environmental concerns that deal with small particles in the air would be?
What connects the studs at the top and bottom?
Top and sole plate
The overhang partition of a roof is called?
The horizontal members that support the floor are called...?
The section of lumber that supports the roofing material is called?
HOA fees are paid?
Pro rata share