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8 of 10 Proof of ownership of a property is called: 9 of 10 Who is responsible for ordering the preliminary title report? 11 of 11 Which of the following is a low loan-to-value ratio? D. After the agent has had time to make copies at the office. Giving information about a listing to prospective buyers. 10 of 10 Which of these Internet pages might be of particular interest to sellers? California: Real Estate Practice Chapter 17 Quiz with no answers. A. It must be in writing to be enforceable. D. The selling agent must provide the disclosure to the buyer as soon as practicable prior to the execution of the buyers offer to purchase. how to type spanish accents on chromebook keyboard; one way process of communication; 47 brand franchise fitted hats; ncaa softball coaches' salaries 2019; albert pujols home run record; Copyright - CaliforniaRealEstateExamAnswers.com - 2023 -, >Real Estate Practice Class Questions with no Answers for Preview (ALL R.E. C. Maintaining the office filing system. 7. Deposit the check into his trust fund account on the next business day. 5- What is the Closing Disclosure? 67- Hannah is a real estate assistant. 87- What information can you gather from the newspaper to help develop a Prospecting Plan? A. It can provide a steady stream of future clients. Broker Bob has a listing with Sam Seller and calls Sam to tell him Bob has received an offer from a buyer. She tells Broker Al that he can list the property for whatever price he wants and anything he gets above the $150,000 he can keep as his commission. 43 of 50 Which one of these statements would not be considered a measurable goal? plane rides is 0.5 and the price elasticity of demand for train rides is 0.2. 4- Why is coordinating escrow so important and how can an assistant help? The seller must file a bill of sale with the county clerk. 10. D. Exert pressure on the sellers to include something the other party wants. C. Broker Harry deposits $1000 into his brokerage business account. Which statement is TRUE? A. Mike has changed jobs six times in the past six months. 3- What signals do buyers use to indicate they may be willing to make a purchase? 3 of 12 All of the following are primary mortgage market lenders except which? 6 of 10 Which of the following is not a true statement? B. B. They sold the home for $450,000 and paid $30,000 in selling expenses, including the brokers commission. Tell the buyer to submit the offer first and then take a copy to the attorney to review. A. Eric can require that both the buyer and seller share equally in his commission. A. 9 of 10 Which of these words or phrases might be considered discriminatory when used in advertising? B. Rewrite whole paragraphs to ensure clarity. 1 of 10 The Lead-Based Paint Disclosure is required for homes built: 2 of 10 Which of these documents is for sellers only and not for buyers? 55- Greg is approved for a Cal-Vet loan. 2. He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? PRACTICE QUESTIONS), >CALIFORNIA REAL ESTATE PRACTICE PRELICENSE CLASS, >CALIFORNIA LEGAL ASPECTS OF REAL ESTATE PRELICENSE CLASS, >ALL Questions with Answers for ALL 3 PreLicense Classes Guides on 1 page, >ALL Real Estate Practice Class Questions with Answers & most with Explanations. Which term is the process of joining several parcels of land into one larger parcel? A. D. Preparing flyers and promotional materials for the brokers approval. Annualinspectioncosts$155,000Annualcostofscrapmaterials286,000Annualreworkcost34,679Annualcostofqualitytraining456,000Annualwarrantycost1,546,000Annualtestingcost543,000\begin{array}{lr} Mary wants to terminate the contract. 5 of 10 Which of the following is not a source of information for professional ethics codes? 22- Jane sold her personal home for $148,000. Example ______ 1. east of the mississippiriver\underline{\text{mississippi river}}mississippiriver. 5 of 10 You should try to attach a rider strip to your For Sale sign that has: 6 of 10 If there is no interest in the property on a given week, the agent should: A. 12,800 square feet 100- What does the Real Estate Disclosure Law refer to? What law creates an automatic lien on a commercial property, subject to the listing agreement? 5- Why is it important for the buyers to indicate whether or not they intend to occupy the property? D. Allows viewing access to strangers. 30 of 50 After six months time, manager Tim wants to terminate the lease of one of his month-to-month tenants. Which of these ad headlines would probably be the least effective for this home? Find solutions. 3 of 10 What kind of ad usually combines both institutional and product advertising? A. Courtesy of RealtyPact. D. Whether or not the licensees attend staff meetings. C. Regulating reserves of institutions with savings accounts only. C. Bake muffins or cinnamon rolls to create a homey feel. The definition of race was expanded to include ancestry. 7 of 10 Which kind of advertising aims at increasing sales by informing the public of a companys capabilities? Discourage Sam from accepting an offer so far below Sam's asking price. A. Facebook Instagram. 1 of 10 Which of these statements is not true? 7 of 10 Which document shows the assets and liabilities of a business? This broker is guilty of what prohibited activity? Rate of return is computed by dividing the annual net income by the rate of return. The listing agent must provide the disclosure to the seller prior to securing the listing agreement. 4- Agent Greg receives a call about one of his firms ads. Sample Final Exam for California Real Estate Practice Questions with no What would you say about Sallys behavior? Availability of multiple listing service, C. Broker-paid advertising and promotion, D. Assistance with filling out disclosures. Find things in the home a seller needs to repair. 7- What are the capital gains exclusions associated with the sale of a personal residence? B. Pleases the sellers by inv=creasing activity. 16 of 50 When doing research to recommend a reasonable listing price for a home, the most critical part of the research deals with analyzing: C. Listing prices of homes that expired unsold, D. Selling prices of recently sold homes. Buyer Amanda asks if she can measure the windows to see if her current drapes will fit. \end{array} B. Alice knows everything about the exclusive east side neighborhoods. The home has been listed for several months; so Pam does a CMA and determines that the offer is more than reasonable in todays market. Norm gave Pat a $500 earnest money check. 5- Your listing presentation manual should be made up of two sections that address what issues? 3- What are the three general responsibilities of a property manager? Chapter 8: QUIZ QUESTIONS Flashcards | Quizlet A. 33- Which statement is true about a loan that has a negative amortization? Download an offer to purchase document and refer to the annotated Agreement of Purchase and Sale to help you fill it out. Answer: D- It was never effective since Sam had not notified Mary of the acceptance. The agent should, Something of value given to another as an inducement for entering into a contract is termed, To emphasize the timely performance as an essential part of the contract, a contract would use the words. D. Seeking buyers for others agents listings. 7- How can a builder help you generate leads? In the meantime, Bill gets another offer on the property from another buyer at a higher price. 3 of 10 Which of the following statements is NOT true regarding a broker acting as an escrow agent? A secondary bid for a property from the same buyer. A counteroffer by a seller to a buyer turns the seller from offeree to offeror. 5- Your listing presentation manual should be made up of two sections that address what issues? C. Explain your marketing plan to the sellers. B. A. The bundle of rights does NOT include the right of, Billy has a two-acre lot that is zoned agricultural. 5- If lenders intend to sell mortgages in the secondary market, what must they do? C. Allow indoor pets to leave their designated area. C. Mike has been late with his rent payments seven times in the past year, D. He had a serious physical altercation with his downstairs neighbor. Encourage the buyer to get the attorney to review it quickly. The buyer must pay the broker a commission. 2 of 10 Which of the following is not a fiduciary duty an agent owes to his or her principal? What is the most often used form of earnest money deposit? university of missouri hospital salaries 2021; port orange arrests today. A. buyer randy makes an offer to purchase - 740alvarado.com munich latitude compared to us; pro sun tan. A. The offer with the highest price She discovers that the more time passes, the more she feels frustrated by the seller's lack of cooperation. There is a crack in the basement wall. 5 of 10 Alice has decided that she will specialize in selling farm land. Answer: C- 10% of the sales contract offer, What is the suggested response when a buyer asks "Do you think the seller will come down on the price?" What does that mean? Sets a limit on the commission a broker can earn. 46- A life insurance company would most likely invest in all but which of the following properties? cross elasticity of demand for train rides with respect to the price of a plane ride Ordinary china is very fragile. Answer: B- Encourage the buyer to get the attorney to review it quickly. 7- What does the net operating income of a property represent? 7- Name three benefits of listing a home with an agent that you could share with sellers. 3- For whom do property tax exemptions exist and for how much? Who makes the payments to a claimant from the Guaranty Fund? 4- Why is it important to talk to the sellers about the buyers? Only needs to be done periodically. C. Advertising in the telephone directory is cost effective because the directories can reach every home in the marketing area. A broker may require licensees to carry high levels of automobile insurance. To learn more about the real estate business, D. To make more money than a real estate agent. Most likely, what did they get? What California Fair Housing law has the manager violated? She would likely be required to do which of the following? Mary makes an offer to purchase a duplex from Sam. Recommend a counteroffer back to list price. A. B. Which is a true statement? Set up a face-to-face meeting with the sellers as soon as possible. 7 of 10 When the broker and seller agree that the broker can receive commission for a specified number of days after the listing expires if selling to a named party on a list, its referred to by what term? When You Should Make a Purchase Offer - The Balance Tell the sellers exactly how she feels and why she thinks the offer is not a good one. Which one is illegal in many states? 5- What does the safety clause in the listing agreement do? 2- What exception exists to the duty of obedience when working with a client? C. Exclusive-authorization-and-right-to-sell. 1- What are the five aspects that are involved in any selling approach? 2- What does Proposition 58 state? The seller accepts the offer by signing it, puts the accepted offer in an envelope addressed to the buyer, and places it in a U.S. mailbox. Could be a violation of state licensing laws. The offer with the highest price that is the most likely to close Goodwill is an intangible asset that results from the reputation of the business. Wait until next week to send an activity report, hoping things will pick up. The borrower makes payments of interest only over the term of the loan. The lender in case of the borrowers death, C. The lender against delinquent payments, D. The lender in case of the borrowers default. B. Licensee Pat was in transit to the cooperating licensee's office with the offer. 6. Finally, add the origination fee and points together to calculate the buyer's total cost; $3,370 + $3,370 = $6,740. 13 of 50 What is the most common reason that owners try to sell their homes themselves? It is completed by an interested Buyer then presented to the Seller, stating the basic terms under which the Buyer is willing to purchase the property. Covers more than one piece of property. Now you have the numbers to plug into the loss formula; Percent of Loss = Loss / Cost or $13,990 / $153,890 = 0.0909. Broker Alice holds an uncashed check until the offer is accepted. Which of the following statements is true? C. Analyzing the income potential of the property. Answer: B- The contract is voidable due to mutual mistake. Give credit to all potential borrowers. A. Which of the following is true, if you are licensed as a referral agent? 10- Which of the following prospecting techniques do you have to use carefully because it has tended to upset people in recent years? California: Real Estate Practice Ch11 Quiz with no answers. 52- Which statement is true about a listing contract?
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As a part of Jhan Dhan Yojana, Bank of Baroda has decided to open more number of BCs and some Next-Gen-BCs who will rendering some additional Banking services. We as CBC are taking active part in implementation of this initiative of Bank particularly in the states of West Bengal, UP,Rajasthan,Orissa etc.
We got our robust technical support team. Members of this team are well experienced and knowledgeable. In addition we conduct virtual meetings with our BCs to update the development in the banking and the new initiatives taken by Bank and convey desires and expectation of Banks from BCs. In these meetings Officials from the Regional Offices of Bank of Baroda also take part. These are very effective during recent lock down period due to COVID 19.
Information and Communication Technology (ICT) is one of the Models used by Bank of Baroda for implementation of Financial Inclusion. ICT based models are (i) POS, (ii) Kiosk. POS is based on Application Service Provider (ASP) model with smart cards based technology for financial inclusion under the model, BCs are appointed by banks and CBCs These BCs are provided with point-of-service(POS) devices, using which they carry out transaction for the smart card holders at their doorsteps. The customers can operate their account using their smart cards through biometric authentication. In this system all transactions processed by the BC are online real time basis in core banking of bank. PoS devices deployed in the field are capable to process the transaction on the basis of Smart Card, Account number (card less), Aadhar number (AEPS) transactions.